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Prefilled Syringes Market 2020 growth factors, latest trend and regional analysis of leading players by 2025

Author : Ronak Bora | Published Date : 2020-09-14 

Prefilled Syringes Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

High demand of biosimilars in developed regions will escalate prefilled syringes market share in the coming years. Biosimilars are utilized in treating chronic diseases like cancer at affordable costs and are required to be administered in precise quantities and are securely packaged to prevent contamination. Prepopulated syringes are effectively used for the delivery of biosimilars.

Estimates suggest that the prefilled syringes market size will be valued at USD 9.5 billion globally, with regards to yearly remunerations, by 2025. The antithrombotic/thrombolytic therapies contributed more than USD 500 million towards the market share in 2018 and this segment is likely to grow in the next few years.

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Diabetic and rheumatoid arthritis patients require medication through injections regularly using prefilled syringes, which are effective and reliable for drug administration. They are also effective to enhance patient outcomes and minimize drug wastage. Rising incidences of diabetes and rheumatoid arthritis in developing countries will further drive the market trends.

The plastic segment dominated prefilled syringes market and exceeded a value of USD 1.3 billion in 2018, pegged to achieve substantial revenues up to 2025 owing to the advantages of the use of plastic materials in prefilled syringe manufacturing. Elimination of maintenance issues and compatibility with a wide range of drugs, coupled with minimum interference with the molecular structure, are some of the properties fueling the product demand.

The plastic prefilled syringes are witnessing a popular demand for treating and innovating vaccine solution for the ongoing coronavirus outbreak. The US Department of Health and Human Services (HHS) and the Department of Defense (DOD) funded up to USD 138 million to ApiJect Systems America, a manufacturing company, to produce plastic-based prefilled syringes at lower costs and effective speed.

Based on the design, the dual-chamber prefilled syringes market can look forward to achieving over 12.5% CAGR up to 2025. These are employed for packaging lyophilized solvents and liquid drugs to achieve the mixing of ingredients and homogenization before administration. The dual-chamber design is structured with multiple bypass channels to enable users to sequentially inject the solvent liquid solution, thus driving its demand in the industry.

Leading suppliers of prefilled syringes are centered on mergers, acquisitions, and product launches to boost their market position while sustaining competition and extending their offerings. For instance, SCHOTT in January 2016, introduced syriQ glass PFS, to offer more flexibility for pharma companies.

Complexities concerning prepopulated syringes may impede the industry growth to some extent. Some of the leading manufacturers are Becton Dickinson (BD), Medpro, Weigao, OMPI, Catalent, Stevanato, Novartis, Mylan, Fresenius Kabi, Gerresheimer Group, and Nipro. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/prefilled-syringes-market

Partial Chapter of the Table of Content 

Chapter 4.    Prefilled Syringes Market, By Type

4.1. Key segment trends

4.2. Glass

4.2.1.    Market size, by region, 2014-2025 (USD Million)

4.3. Plastic

4.3.1.    Market size, by region, 2014-2025 (USD Million)

Chapter 5.    Prefilled Syringes Market, By Design

5.1. Key segment trends

5.2. Single-chamber

5.2.1.    Market size, by region, 2014-2025 (USD Million)

5.3. Dual-chamber

5.3.1.    Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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