According to research on prefilled syringes by Fact.MR, the global market for prefilled syringes is expected to expand at a value CAGR of 9.6% during the period of forecast, 2017-2026. By end of 2026, more than 10,200,000 thousand units of prefilled syringes are expected to be sold across the globe in various healthcare facilities. Key companies involved in the global prefilled syringes marketinclude Becton Dickinson and Company, Terumo Medical Corporation, Baxter International Inc., Medtronic and Gerresheimer.
Increasing Use of Glass Prefilled Syringes to Aid the Growth of the Global Prefilled Syringes Market
Prefilled syringes come in two types of material, namely plastic and glass. Glass prefilled syringes are a widely used drug injectable system for parenteral drugs owing to its compatible features, for instance, higher stability, oxygen permeability and non-reactive nature. However, the main challenge of glass prefilled syringes is their fragile nature. Glass prefilled syringes require high caution while storing or transportation, in the absence of which, loss of injectable drugs can take place. On the other hand, plastic prefilled syringes are also witnessing increased demand, with introduction of advanced plastic material that removes the chances of reaction of drug with inner walls of the syringe, thereby maintaining the pH level of the medicine.
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Use of advanced polymer material, for instance, crystal-clear polymer and polypropylene, have increased the adoption of plastic prefilled syringes. These advanced plastic material being biocompatible, do not initiate chemical activity within the syringe. Moreover, chance of breakage is removed with the use of plastic prefilled syringes. However, majority of prefilled syringes are made of glass, and sales of glass prefilled syringes are expected to sky rocket in the coming years.
Sale of Prefilled Syringes in North America to Remain at the Forefront, as Compared to Other Regions
According to Prefilled Syringes West Coast Conference held in 2017, the use of prefilled syringes in North America have gained high demand with increasing need for safety, patient satisfaction and high quality. Counters in North America, especially the United States, are reflecting higher expenditure on injectable drug delivery systems, for instance development of composite polymer prefilled syringes. These syringes have high break resistance. In addition the needle is attached with use of insert molding procedure, thus eliminating the use of tungsten and glue, increasing their sterilization levels.
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The prevalence of chronic diseases in United States and Canada, according to analysis of American Heart Association, is increasing owing to increased use of tobacco and smoking. This has made it imperative for pharmaceutical companies in this region to develop novel biologics to fight against chronic disorders such as cancer. This is expected to fuel the adoption of efficient drug delivery systems such as prefilled syringes in the coming years.
With growing innovations in drug delivery systems, for instance adoption of prefilled syringes, the administration of biologics has been convenient and effective. Novel drug delivery systems such as prefilled syringes have gained high traction as effective delivery systems especially for injectable drugs. Moreover, prefilled syringes are aiding in delivery of personalized drugs specifically tailored for small patient populations.
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Table of Content Covered in this report are:
1. Global Economic Outlook
2. Global Prefilled Syringes Market – Executive Summary
2.1. Opportunity Analysis
3. Global Prefilled Syringes Market Overview
3.1.1. Global Prefilled Syringes Market Taxonomy
3.1.2. Global Prefilled Syringes Market Definition
3.2. Global Prefilled Syringes Market Size (US$ Mn) & Volume (‘000 Units) Forecast, 2012-2026
3.2.1. Global Prefilled Syringes Market Y-o-Y Growth
3.3. Global Prefilled Syringes Market Dynamics
3.4. Supply Chain
3.5. Value Chain Analysis of Prefilled Syringes
3.6. Cost Structure
3.7. Regulatory Scenario
3.8. Investment Feasibility Matrix
3.9. PEST Analysis
3.10. Porter’s Five Force Analysis
3.11. Advantages of Using Prefilled Syringes
3.12. Global Prefilled Syringes Patent Analysis
3.13. Competitor Market Footprint Matrix
3.14. Market Positioning and Behavioral Assessment
3.15. Key Participants Market Presence (Intensity Map) By Region
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4. Global Prefilled Syringes Market Analysis and Forecast 2012-2026
4.1. Global Prefilled Syringes Market Size and Forecast By Material Type, 2012-2026
4.1.1. Glass based prefilled syringes Market Size and Forecast, 2012-2026
22.214.171.124. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
188.8.131.52. Y-o-Y growth Comparison, By Region
4.1.2. Polymer based prefilled syringes Market Size and Forecast, 2012-2026
184.108.40.206. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
220.127.116.11. Market Share Comparison, By Region
18.104.22.168. Y-o-Y growth Comparison, By Region
4.2. Global Prefilled Syringes Market Size and Forecast By Distribution Channel, 2012-2026
4.2.1. Hospitals Market Size and Forecast, 2012-2026
22.214.171.124. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
188.8.131.52. Y-o-Y growth Comparison, By Region
4.2.2. Specialty Clinics Market Size and Forecast, 2012-2026
184.108.40.206. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
220.127.116.11. Market Share Comparison, By Region
18.104.22.168. Y-o-Y growth Comparison, By Region
4.2.3. Online Pharmacies Market Size and Forecast, 2012-2026
22.214.171.124. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
188.8.131.52. Y-o-Y growth Comparison, By Region
4.2.4. Other Distribution Channels Market Size and Forecast, 2012-2026
184.108.40.206. Revenue (US$ Mn) & Volume (‘000 Units) Comparison, By Region
220.127.116.11. Market Share Comparison, By Region
18.104.22.168. Y-o-Y growth Comparison, By Region
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
Mr. Shambhu Nath Jha is a seasoned consultant and researcher. His research papers have been published in reputed websites and trade journals. His interests include philosophy and history.