Prefilled Syringes Market: High Prevalence of Chronic Diseases Driving Global Growth

December 07 18:10 2019
Prefilled Syringes Market: High Prevalence of Chronic Diseases Driving Global Growth

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.) are some of the key players in the prefilled syringes market.
Europe commanded a major share of the prefilled syringes market. However, Asia-Pacific is expected to witness the highest growth rate.

According to the report, it is seen that the global prefilled syringes market size is expected to boom at a 10.1% CAGR from 2016 to 2021 to reach USD 6.4 billion. Several factors are going to drive the growth that this market is about to witness and one of the prominent ones amongst them is the technological advancements in prefilled syringes. Besides this, the abrupt increase of some chronic diseases, the rise in the number of patients due to the high population, higher adoption of devices that help people in self-injecting the medicines, and let’s not forget, the implementation of the needlestick legislation throughout the world. Additionally, the initiatives taken by most of the leading market players such as Dickinson & Company and many more are going to establish a very well-defined facility and in the development of the market. All these factors have further added to the growth and prosperity of the prefilled syringes market.

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 Keeping in mind all the materials used in this, the global prefilled syringes market is divided into two major sections globally. One of them is the prefilled plastic syringes, and the second, are the prefilled glass syringes. Amongst these two the prefilled glass syringe is expected to share a larger market share in the past years. Due to this, we can conclude that one of the attributes to the growth of this segment in the market is the increasing use of glass to manufacture syringe. And glass is highly used because it is heat resistant, non-reactive and also chemical resistant. 

How is the entire market going to be in the future?

Keeping in mind the different types of prefilled syringes, they are divided into two parts, one being the conventionally used prefilled syringes and the second one being the safety prefilled syringes. Amongst these two, conventional prefilled syringes have a larger share of takes than the safety prefilled syringes. And this is going to be the same in the coming years as well. And one of the reasons that safety prefilled syringes are less used is due to their low penetration into the skin.

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Now, if we were to divide the entire prefilled syringes market based on their design, you can categorize them under the— single-chamber, dual-chamber, and also the customized prefilled syringes. Amongst these three, the single-chamber syringe is known to have the largest share in the market as compared to the other two. And the key factor steering the section is the increasing number of people adopting the self-administration of parenteral drugs. This is beneficial in a lot of ways. According to the data, it is predicted that Europe is going to hold the largest global market share, followed by North America and then the rest of the world.

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