Prefilled syringes market size, share, development, growth and demand forecast to 2020

GLOBAL INDUSTRY INSIGHT: Prefilled Syringes Market Size, Share, Development, Growth and Demand Forecast to 2020

Global Prefilled Syringes Market Size, Share, Development, Growth and Demand Forecast to 2020

The global prefilled syringes market is growing significantly due to increasing usage of biologics and other effective injectable drugs and use of superior material for syringe manufacturing. Massive unexplored market in prefilled syringes industry of developing economies are creating ample opportunities for the prefilled syringes market to grow at a considerable rate during the forecasted years. Moreover, companies are developing multichannel prefilled syringes for lyophilised drugs, and improving materials of prefilled syringe and lubrication, to increase the number of biologics drugs in the market. Hence, these factors are expected to support the growth of the market in the coming years.

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https://www.psmarketresearch.com/market-analysis/prefilled-syringes-market The advanced research and development facilities, and innovative product developments by the companies are propelling the growth of the prefilled syringes industry. Prefilled syringes are drug delivery devices with specific measured dose of injectable drugs, to improve the delivery of care. It also reduces the risk of contamination, reduces drug overfill and waste, reduces medication error, and mitigates possibility of admix-related contamination. It is the preferred device for parenteral administration of drugs for treatment of chronic diseases, blood stimulants, erthroprotein and therapeutic proteins.

On the basis of type of prefilled syringes, the market can be categorized as glass prefilled syringes and plastic prefilled syringes. Glass prefilled syringes leads the market in terms of revenue due to numerous properties of glass over plastic such as non-reactivity, tolerance against heat, transparency and toughness. However, a shift towards plastic prefilled syringe is expected in the market during the forecast period due to disadvantages associated with glass prefilled syringe such as high chances of brittleness.

Some of the factors driving the growth of the global prefilled syringes market are increasing awareness regarding the benefits of prefilled syringes, rising demand for point-of-care administration, and technological advancement in manufacturing of prefilled syringes. In addition, benefits of syringe packing system over traditional vials, increasing number of injectable products, and rise in geriatric population with various chronic diseases are also fueling the growth of global prefilled syringes market. However, alternative drug delivery method, rapidly increasing concerns regarding needle stick injuries prevention, and strict regulatory requirements are some of the factors restraining the growth of the prefilled syringes market to some extent. Further, rising manufacturing cost, interaction of prefilled syringe with the drug and drug stability issues are also inhibiting the growth of the global prefilled syringes market.

Geographically, Europe will be leading the global prefilled syringes market in terms of revenue in the coming years, followed by North America, due to presence of major drug manufacturers, which demands for prefilled syringes for medication filling and high adoption rate of these delivery devices. Asia-Pacific is the fastest growing

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Global Prefilled Syringes Market Size, Share, Development, Growth and Demand Forecast to 2020

region in the global prefilled syringes market. The major reasons for the fastest growth of prefilled syringes market in the region are increasing healthcare expenditure, large pool of patients, increasing government support and increasing prevalence of chronic diseases, in the region. Moreover, the prefilled syringes market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.

Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices Some of the companies operating in the global prefilled syringes market are Becton, Dickinson, and Company, West Pharmaceutical Services, Inc., Nipro Corporation, Stevanato Group, Baxter International, Inc., Gerresheimer AG, Unilife Corporation, Bespak, Schott AG, Ypsomed Holding AG, and Vetter Pharma International Gmbh.

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