Prefilled Syringes Market by Application, Material Type, and Design - Opportunity Analysis, 2024

PREFILLED SYRINGES MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016-2024
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REPORT DESCRIPTION
Prefilled Syringes Market Overview
Parenteral drugs are the second most preferred type of drugs after oral solid dosage forms and
also holds second largest market share in terms of revenue in overall pharmaceutical market.
Various benefits such as ease in administration, better patient compliance and 100%
bioavailability are the few important factors that are expected to favor growth of the prefilled
syringes market over the forecast period (2016–2024). Prefilled syringes segment is the one of
the most important of the parenteral products market. However, volume sales in the market is
rather low as it is a fairly novel product. The market is expected to gain traction over the forecast
period, with increasing number of products and growing awareness among the populace about
the benefits of the product. There are various factors such as ease in administration and
minimum contact with the exposed environment that are expected to favor growth of the
prefilled syringes market in the near future. Use of syringes with prefilled drugs would be
especially useful in emergency situations. According to Drug Development & Delivery, around
3.5 billion of prefilled syringes are produced each year and the existing numbers are expected to
grow by the rate of around 9.0 – 10% annually.
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REPORT DESCRIPTION
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Prefilled Syringes market taxonomy:
By Application
Monoclonal Antibodies
Vaccines
Others
By Material Type
Polymer
• PVC
• Cyclo-olefin Polymer(COP)
Glass
By Design
Single Chambered
Dual Chambered
Multi-Chambered
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REPORT DESCRIPTION
Rising demand for biologics and self-injection products to augment market growth
A large number of newly approved biologics and drugs demand for PFS delivery devices for the
subcutaneous (SC) self-injection of biopharmaceuticals. Also, the need for simpler self-injection
procedures and improved patient compliance for auto injectors, large-volume patch injectors and
pens is on the rise. This in turn is expected to favor growth of the prefilled syringes market over
the forecast period (2016–2024). Patient exposure towards the routine injection can affect patient
compliance, as it can cause significant discomfort to the user. Introduction of large volume
biologics though, have helped rise in adoption rate of prefilled syringes. This in turn is expected to
favor the market over the forecast period. Some factors such as growth in adoption of injectable
drugs, success and growth of biologics, increased global vaccination, increased drug selfadministration trend, technological advancements in the manufacture of PFS, and development of
advanced PFS would further augment market growth.
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There are around 20 pharmaceutical companies that are involved in manufacturing and marketing
of prefilled syringes as preferred delivery device of around 50 injectable drugs and vaccines, which
contributes significantly to the sales revenue of these players. Furthermore, there are few recent
acquisitions by the big brands in market of prefilled syringes such as in 2012, Becton Dickinson
and Company acquired Safety Syringes, Inc., which is further expected to favor the company’s
syringes manufacturing efficiency and increase its product portfolio. Key players operating in the
prefilled syringes market include Becton Dickinson & Co., Gerresheimer, Medtronic, Baxter
International, SCHOTT AG, West Pharmaceuticals, Vetter International, Unilife Corporation,
Stevanato Group, and Terumo Corporation
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There are around 20 pharmaceutical companies that are involved in manufacturing and marketing of prefilled syringes as preferred delivery device of around 50 injectable drugs and vaccines, which contributes significantly to the sales revenue of these players. Furthermore, there are few recent acquisitions by the big brands in market of prefilled syringes such as in 2012, Becton Dickinson and Company acquired Safety Syringes, Inc., which is further expected to favor the company’s syringes manufacturing efficiency and increase its product portfolio. Key players operating in the prefilled syringes market include Becton Dickinson & Co., Gerresheimer, Medtronic, Baxter International, SCHOTT AG, West Pharmaceuticals, Vetter International, Unilife Corporation, Stevanato Group, and Terumo Corporation Request Sample Copy of the Business Report: https://www.coherentmarketinsights.com/insight/request-sample/162