Increasing Demand for Cost-Effective and Easy To Use Drug Delivery System Boost Global Prefilled Syringe Market 2018

The global prefilled syringe market is subject to witness a substantial growth over the forecast period due to the increasing demand for cost-effective and easy to use drug delivery system. Factors such as digitalization and increase use of automation in healthcare sector to limit human intervention are expected to boost growth of the prefilled syringe market in the upcoming period. Additionally, recent development of highly advanced health monitoring and diagnostic devices to provide required safety and convenience are predicted to fuel market growth in near future. Prefilled syringes allows healthcare professional to save time and effort in preparing injection doses.

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Prefilled syringes use self-injecting techniques, which is easy efficient use. Thus, minimizing wastage of active pharmaceutical ingredients by offering the manual and device-based measuring errors by passing solutions from vials to syringe.

The recent technological advancement in the pharmaceutical industry is leading to the development of innovative products such as prefilled syringes, thereby positively affecting market progress, in the recent years. Antibody drug conjugates and monoclonal antibodies are some of common types of the biological drugs that get added inside the prefilled syringes. Growing preference towards prefilled syringes by healthcare professional and surgeons are predicted to drive the demand of prefilled syringes in coming years. However, stringent rules and regulation regarding use of plastics and increasing concerns for environment is predicted to hamper market growth. Adverse effects of plastic products on the environment are also limiting the adoption of these devices.

Yet, substantial investment by industry players in research & development of the advanced materials that are degradable, recyclable, and appropriate for regular use are expected to amplify market growth in the near future. Increasing demand for the disposable prefilled syringe due to wide range of applications from developed economies across the globe is anticipated to drive market expansion. Additionally, growing concerns regarding patient safety and environment-friendly nature of disposable prefilled syringe has cased in an increased usage in clinics as well as homecare facilities. The regular use of disposable prefilled syringe minimizes contamination risks, which is estimated to amplify demand of prefilled syringe in the market.

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Prefilled syringes are broadly categorized into two major segments such as disposable prefilled syringe, and reusable prefilled syringe. Growing demand of reusable prefilled syringe is attributed as cost-effectiveness and superior performance of the devices. Introduction of highly advanced automatic injectors like i-Pen and VigiPen by private manufactures has resulted in the growth of reusable prefilled syringe segment during current scenario. Reusable prefilled syringe are preferably used for surgeries and emergency rooms to save time and avoid human errors during critical operational procedures. Reduced cost and easy availability of prefilled syringes has resulted in increasing adoption in OPDs.

Prefilled syringe further aids in cost saving by limiting the wastage of expensive APIs during the dose preparation procedures to a certain extent due to which expensive drugs and their dosage are prepared via prefilled syringes only. Prefilled syringe are potted precisely with the help of automated machines. Hospital segment is considered as one of the fastest growing segment in the prefilled syringe industry with substantial revenue generation in the last couple of years. Professional healthcare services has also witnessed substantial growth over the forecast period.

The prefilled syringe market is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. European region has shown major growth in the recent years owing to rise in the adoption of latest technologies in healthcare sector, increase in demand for prefilled syringes, and existence of industry players in the region.

Asia-Pacific region is predicted to hold major market share in the prefilled syringe market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with improved healthcare infrastructure, rise in per capita income, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the prefilled syringe market are Gerresheimer AG, Schott Group, Inc., Unilife Co., Nipro Medical Co., Owen Mumford Ltd., and Haselmeier AG.

This report studies Prefilled Syringe in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.

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