San Francisco, 12 December 2018: The Report Prefilled Syringes Market Size, Share & Trends Analysis Report By Distribution
Channel, By Type (Disposable, Reusable), By Material (Plastic, Glass), By
Application (Diabetes, Anaphylaxis), And Segment Forecasts, 2018 – 2025
According to a report
published by Grand View Research, Inc.; the global prefilled syringes market is
expected to reach a valuation of around USD 22.5 billion by 2025. Growing efforts for reducing human errors
in drug delivery and high demand for efficient and easy-to-use drug delivery
devices among healthcare professionals can drive market over the forecast
period (2014 to 2025).
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| Prefilled Syringes Market |
Prefilled
syringes are increasingly replacing traditional syringe-vial combinations as
they offer patient safety and convenience in dose preparation and delivery. High
prevalence of chronic diseases such as rheumatoid arthritis and diabetes is
projected to propel adoption of autoinjectors and pen injectors over the forecast
period. Rising development of advanced devices offering safe and continent
self-injections is projected to supplement market growth in near future.
In
addition, introduction of Bluetooth connectivity and Wi-Fi technology for
effective management of patient health records is also likely to augment
product demand. These syringes are supposed to be ideal for vaccines and other
biotech drugs. Technological developments in biopharmaceutical industry can
have positive impact on demand as these syringes help in reducing the loss of
potency at the time of transportation of biopharmaceuticals in different
containers.
Access
Research Report of Prefilled Syringes Market@ www.grandviewresearch.com/industry-analysis/pre-filled-syringes-market
The
worldwide prefilled syringes market can be segmented on the basis of type,
material, application, distribution channel, and region. As per type, the
market can be classified into disposable and reusable. In 2018, disposable
segment dominated the market and is likely to maintain its dominance over the
forecast period due to high emphasis on patient safety. These devices help reduce
contamination risks, which is expected to boost demand. The reusable segment is
expected to grow swiftly over the study period on account of introduction of
auto-injectors.
Based
on material, the market for prefilled syringes can be bifurcated into glass and
plastic. In 2016, the glass segment led the market due to easy to use characteristics
and reduced risk at the time of injection. However, the plastic segment is
anticipated to acquire larger revenue in later phase of forecast period due to
development of biocompatible materials, such as Polypropylene (PP) and crystal-clear
polymer.
On
the basis of application, the market can be divided into anaphylaxis, diabetes,
rheumatoid arthritis, and others. In 2016, diabetes held for the larger market
share due to increasing demand for effective and safer insulin delivery devices.
Based on distribution channel, the market can be split into hospitals, mail
order pharmacies, and ambulatory surgery centers.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/medical-devices
Geographically,
the market can be divided into North America, Europe, Asia Pacific, Latin
America, Middle East and Africa. In 2015, Europe dominated the market on
account of high adoption of prefilled syringes owing to patient safety
concerns. Presence of prominent players is likely to drive the market in the forthcoming
years. The European Board of Anesthesiology recommends use of these syringes
for anesthesia. Thus, rising number of surgical procedures and faster product approvals
by various regularity bodies are expected to boost regional market.
North
America is likely to exhibit rapid growth over the forecast period due to rapid
adoption of these syringes. Asia Pacific is expected to display lucrative CAGR
over the projected period. This growth can be attributed to rapid development
in emerging countries like China and India. Presence of untapped opportunities
in these counties is expected to further drive regional growth. In addition,
existence of large patient base and high prevalence of chronic diseases are
likely to further propel regional market growth in near future.
Key
companies operating in the prefilled syringes market include Nipro Corporation,
Owen Mumford Ltd, Unilife Corporation, Haselmeier AG, and Becton, Dickinson and
Company. Major companies are focusing on increasing their manufacturing
capacity and developing technologically advanced products. Increasing demand is
likely to attract new participants to provide contract service for these
syringes. New entrants are also concentrating on development of better products
with latest technologies. All these factors are expected to boost business
opportunities for the market participants in near future.
Access
Press Release of Prefilled Syringes Market@ www.grandviewresearch.com/press-release/global-prefilled-syringes-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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