Prefilled syringe are devices that are used to deliver drugs, vaccines, biologics etc. These devices offer improved accuracy, efficacy, safety, convenience, affordability, and accessibility. Further, ease of administration and reduced risk of contamination offered by these devices over the conventional delivery systems such as vial and ampoules are the primary factor for the wide adoption of prefilled syringes globally. The global prefilled syringes market is expected to grow with the CAGR of over 10% during the forecast period of 2016-2023.
Increasing prevalence chronic disease such as diabetes, rheumatoid arthritis, cancer etc. the diagnosis of which demand frequent drug injection is the major factor driving the global prefilled syringe market. Further, the ease at which patient can self-administer injectable drugs make prefilled syringes a preferred choice for healthcare treatment into home or out of hospital. As per CDC (Center for disease control & prevention) 54.4 million adults between the year 2013 and 2015 were diagnosed for arthritis further it is anticipated that by 2040, 78.4 million (25.8 % of the estimated total adult population) adults with the age of 18 years and above would be doctor-diagnosed for arthritis alone in US. Commercially prefilled syringes for the diagnosis of cancer, diabetes, multiple sclerosis, anaphylaxis etc. are available as of October 2017. Moreover, increasing adoption of self-injection devices such as pen injectors, technological advancements in the drug delivery platforms and superior effectiveness of the prefilled syringes to reduce medication errors are the other major factors driving the demand for prefilled syringes. Further, increasing demand for home-based healthcare treatment is also expected to fuel huge growth opportunities in the global prefilled syringe market. However, easy availability of alternative products i.e. vials, ampules and stringent government regulations on the manufacturing of prefilled syringes are the major factors that impede the growth of global prefilled syringe market.
Source: OBRC Analysis.
The report on global prefilled syringe market includes segmentation on basis of application, material and design
On the basis of Application, the market is sub-segmented into:
- Diabetes
- Anaphylaxis
- Arthritis
- Others
On the basis of material, the market is sub-segmented into:
- Glass based
- Plastic based
On the basis of design, the market is sub-segmented into:
- Single-chamber prefilled syringe
- Dual-chamber prefilled syringe
- Customized prefilled syringes
The report scope is widely categorized on the basis of design type of the prefilled syringe that includes Single-chamber prefilled syringe Dual-chamber prefilled syringe and Customized prefilled syringes. The report scope is restricted to the revenues generated from the unit sales, however revenues generated from storage and transportation of prefilled syringes have been excluded from the report scope.
Global prefilled syringes market has been geographically segmented in:
- North America (U.S. & Canada).
- Asia Pacific (China, India, Japan, ROAPAC).
- Europe (UK, France, Germany, ROE).
- Rest of World
On the basis of geography, the market is classified into four major regions such as North America Europe, Asia Pacific & ROW. Geographically, North America and Europe have occupied major share in the global prefilled syringe market, followed by Asia pacific. The major reason for the dominance of Europe and North America is the constant increase in geriatric population, demand for quality healthcare, increasing trend of home-based treatment coupled with high healthcare expenditure in these regions that has facilitated wide adoption of prefilled syringes. However, Asia Pacific prefilled syringe market is expected to grow at the highest rate over the forecast period owing to increasing number of hospitals, clinics in the region. Furthermore, increasing medical tourism in Japan, China and India for the cost-effective treatment is also expected to lead the market growth in the region.
The application is further categorized into, diabetes, anaphylaxis, arthritis, anemia, and multiple sclerosis. Among them, the diabetes segment held major share in 2016 owing to high prevalence of diabetes across the globe and availability of number of prefilled syringes for the diagnosis of diabetes. The material segment is further segmented into glass-based and material based. Glass based prefilled syringes held major share in 2016. However, the demand for plastic based prefilled syringes are increasing due to increasing awareness among healthcare practitioners and physicians to reduce medication errors as it offers clarity which is helpful to reduce medication errors.
Major companies in this market-
- GERRESHEIMER (Germany)
- NIPRO PHARMA CORPORATION (Vietnam)
- UNILIFE CORPORATION (US)
- WEIGAO GROUP (China)
- Others.
For instance: In 2016, Cardinal health acquired medical supplies business of Medtronic for $ 6.1 billion. The medical supplies business includes bandages, prefilled syringes, and catheters etc. This portfolio acquisition will enable cardinal to increase product breadth of cardinal in consumable medical products as well as further increase geographic scale and enhance channel access in the untapped market.
On November 6, 2017– West Pharmaceutical Services, announced to showcase its new extensions of SmartDose® drug delivery platform, and a series of new wearable injectors that facilitates injection volumes of up to 10 mL in an easy to use wearable formats.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in prefilled syringe market.
Key reason to buy the report:
The Global Prefilled Syringes market -Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global Prefilled Syringes market along with the market size and estimates for the duration 2016 to 2023. The research study covers in-depth analysis of multiple market segments based on type, solution, and cross-sectional study across different geographies. In order to provide strategic decision makers, the report also includes details of the leading healthcare health IT security, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
- The report includes market estimation, forecast and analysis for the year 2016-2023.
- Report includes detailed analysis of different segments such as equipment product and applications of prefilled syringe market.
- Identify and understand the strength, opportunities, challenges and threat of the prefilled syringe market.
- Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players of global prefilled Syringes market.
- Detailed analysis of various the regulatory policies which are affecting the global prefilled syringes market.
- Current and future market trends to justify the forthcoming attractive markets within the prefilled syringe promoting management market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global prefilled syringes market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the prefilled syringe market, with giving extensive SCOT analysis of key companies.
Key findings of the global prefilled syringes market.
- North America and Europe held the largest share in the global prefilled syringe market.
- Ease of administration and increasing need for cost containment to drive the global prefilled syringe market.
- Plastic based prefilled syringes are expected to grow at the highest rate over the forecast period.
- Acquisition is the key strategy adopted by players of global prefilled syringes market.