The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the prefilled syringes market. The scope of this report covers the prefilled syringes market by its major segments, which include the types, applications, and the major geographic regions.
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A prefilled syringe is a syringe that is filled with a definite amount of therapeutic drug, and is ready to be used. They are affordable, easy to access, easy to use, safe, and sterile.
As compared to the traditional glass or metal vials, there is now a modern and more safer way of storing and administrating the drug. Drug delivery through glass or metal vials often leads to contamination and causes dosage errors.
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KEY PREMIUM INDUSTRY INSIGHTS
- The global prefilled syringes market is estimated to grow at a fast pace during the forecasted period because of the several benefits associated with the usage of prefilled syringes. Some factors that are driving the market growth include rise in home-based healthcare facilities, rise in chronic diseases, and increased usage of injectable drugs.
- In addition, with advancements in technology newer opportunities are created causing the prefilled syringes market to grow worldwide. Moreover, industries are focusing on developing biologics and biosimilars which is also promoting the usage of prefilled syringes, leading to market growth.
- However, stringent government regulations with regards to drug delivery, and the availability of alternate drug delivery methods is hampering the growth of prefilled syringes market.
The prefilled syringes market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. Europe region holds the highest market share and is the largest revenue contributor of the prefilled syringes market.
The region continues to dominate the global market due to rise in home-based healthcare facilities and advancement in technology for drug delivery. With multiple benefits associated with prefilled syringes, the global market is estimated to grow at a fast pace during the forecasted period.
KEY MARKET PLAYERS
Key players in the prefilled syringes market include:
- Becton, dickinson and company
- Medtronic plc
- Gerresheimer ag
- Terumo medical corporation
- West pharmaceutical services, inc.
- Nipro corporation
- Unilife corporation
- Vetter pharma international gmbh
- Baxter international
- Abbott laboratories
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