Development of technologically advanced prefilled syringes and growing adoption of self-injection devices are the major trends in the Prefilled Syringes Market. Key players in the market are focusing on expanding their product portfolio with technologically advanced products in order to cater to the growing demand of these devices across the globe.
The growing adoption of self-injection devices is further aiding the market growth. This can be majorly attributed to the multiple benefits offered by them over syringes and vials. Self-injection devices comprise accurate dosage volumes and already reconstituted drugs, which help eliminate confusion regarding dosage volumes and wastage of drugs.
According to Latest Market research report Published by MarketsandMarkets the “Prefilled Syringes Market Size, Share, Demand and Growth Analysis, forecast” the global market is expected to reach US $6.36 billion, at CAGR of 10.1%.
Expansions and product launches were the primary growth strategies adopted by major players to expand their product portfolio in the global market.
key players operating in the Global Prefilled Syringes Market;
Becton, Dickinson and Company (U.S.), Gerresheimer AG (Germany), SCHOTT AG (Germany), West Pharmaceutical Services, Inc. (U.S.), Ompi (Italy), Catalent, Inc. (U.S.), Weigao Group (China), Vetter Pharma International GmbH (Germany). Nipro Corporation (Japan), and MedPro Inc. (U.S.)
Becton, Dickinson and Company (U.S.) portfolio includes a wide range of prefilled syringe products, namely, BD Neopak, BD Neopak XSi, BD Sterifill, BD Uniject SCF, and BD Soluvia. Over the past three years, the company adopted new product launches as its key strategy to maintain its leadership position in the global market.
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Major Drivers Impacting the Prefilled Syringes Market;
• Technological Advancements
• High Prevalence of Chronic Diseases
• Benefits Associated with Prefilled Syringes
• Product Lifecycle Management Through Device Customization
• Implementation of Needlestick Legislations
• Rising Adoption of Self-Injection Devices
Global Prefilled Syringes Market Segmentation:
On the basis of type, the market is segmented into conventional prefilled syringes and safety prefilled syringes. The conventional prefilled syringes segment is expected to account for the largest share during the forecast period.
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On the basis of design, the market is further segmented into single-chamber prefilled syringes, dual-chamber prefilled syringes, and customized prefilled syringes. The single-chamber Prefilled Syringes Market is expected to command the largest share of the global market.
On the basis of material, the global market is divided into two broad segments, namely, glass prefilled syringes and plastic prefilled syringes. The glass prefilled syringes segment is expected to account for the largest share of the market.