Prefilled Syringes: Market Outlook, Type, Growth Rate, Demand and Forecast to 2023

Posted on 2019-02-25 by Mark Hub in Pharmaceuticals // 0 Comments

Albany, USA, 2019-Feb-25 — /EPR Network/ —

An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Prefilled Syringes”: Global Markets to 2023 which provides an outlook for current market value as well as the expected growth of Prefilled Syringes during 2018-2023. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.

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The prefilled syringes (PFSs) market is on the rise. It is estimated that the market for prefilled syringes will double in size within the next decade. The global prefilled syringes market was valued at REDACTED in 2017 and estimated to be REDACTED in 2018. The market is projected to reach REDACTED by 2023, growing at a compound annual growth rate (CAGR) of REDACTED during the forecast period.

The prefilled syringes market is driven by the technological advancement in prefilled syringes, increasing demand for home care, a growing geriatric population, and growth in biologics drugs and vaccines for which prefilled syringes are a suitable drug-delivery system. Additionally, the rising levels of chronic diseases and cancers have led to a significant increase in the use of injectable drugs. Increased competition among the key vendors of injectable drugs is in particular driving the need for innovative delivery options. The global prefilled syringe market is also growing due to the need for a greater degree of safety and ease of administration for patients and healthcare workers.

By material type, glass PFSs dominate the global pre-filled syringe market, and sales of glass-based prefilled syringes is estimated to surpass REDACTED by the end of 2023. However, the use of polymer is expected to grow in the next few years. Due to the high fragile nature of glass syringes, manufacturers have developed polymer-based prefilled syringes that are becoming more popular. Polymer-based PFSs have high break resistance and do not interact with the drug they carry or alter the quality of the drug.

By type, though the sales of conventional prefilled syringes are higher than safety prefilled syringes, the rate of sales for safety prefilled syringes is expected grow at a higher pace than the conventional product during the forecast period. The projected growth rate of safety prefilled syringes for the forecast period 2018 to 2023 is REDACTED. North America is anticipated to dominate the global safety syringes market due to government initiatives aimed at preventing sharps injuries, increased health care expenditures, rising awareness about blood borne diseases and increasing demand for home healthcare. By design, single-chambered prefilled syringes dominate the global PFSs market. This segment is
estimated to reach a value of over REDACTED by 2023.

With respect to end-users, hospitals dominate the market; the segment is estimated to reach REDACTED by 2023. The growing trend of home health care is expected to boost that segment significantly inthe coming years. The segment anticipates growth of REDACTED during the forecast period.

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Table of Contents

Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst’s Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Technology Overview
Properties of Prefilled Syringes
Filling Process in Prefilled Syringes
Sterilization of Prefilled Syringes
Factors Driving the Prefilled Syringes Market
Increasing Prevalence of Chronic Diseases
Increasing Adoption of Injectable Drugs

To be continue….

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