Prefilled Syringes Market Segments, Opportunity, Growth and Forecast by End-Use Industry 2017 to 2026

Posted on 2019-08-12 by Mark Hub in Industrial // 0 Comments

Extensive research analysis associated with market valuation, applications, demand and sales of prefilled syringes has been covered in global prefilled syringes market, a new research report devised by Fact.MR recently. This research report gives a thorough analysis on the changing dynamics of the global market for prefilled syringes along with incisive insights on each market segment.

The research report on global prefilled syringes market includes insights on various aspects that drive the market, for instance, new trends, developments and factors that have aided the use of prefilled syringes thus fuelling their sales across regions. In addition, the research report also
portrays major challenges faced by manufacturers of prefilled syringes, as well as restraints that have a negative influence on the growth of the global prefilled syringes market.

Get Free Sample Report Here: https://www.factmr.com/connectus/sample?flag=S&rep_id=603

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.

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.

Key Highlights on the Global Prefilled Syringes Market:

By material type, glass based prefilled syringes hold the highest market share and sales of glass based prefilled syringes is estimated to surpass U$ 7.5 Bn by end of 2026. However, owing to high fragile nature of these syringes, manufacturers have developed polymer based prefilled syringes that are also gaining high traction. Polymer based prefilled syringes have a comparatively higher break resistance and do not react with the drug they carry
With respect to distribution channels, hospitals are the most lucrative. Sale of both glass and polymer based prefilled syringes from hospitals is estimated to reach a value of over US$ 6.5 Bn by end of the year of assessment. Online pharmacies and specialty clinics are also expected to significantly contribute to the growth of the global prefilled syringes market in the coming years
By technology type, sale of conventional prefilled syringes is higher than safety prefilled syringes. However, rate of sales of safety prefilled syringes is expected grow at a higher pace than the conventional product during the period of forecast
By function type, single chambered prefilled syringes have gained high steam since past years. This segment is expected to grow at higher rate during the period of forecast and the sale of single chambered prefilled syringes is estimated to reach a value of over US$ 8 Bn by end of the year of assessment (2026).

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.

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.

Have Any Query?? Ask Our Industry Expert: https://www.factmr.com/connectus/sample?flag=AE&rep_id=603

About Fact.MR

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.

Matched content

Editor’s pick