A recent report published by Infinium Global Research on pre filled syringes market provides in depth analysis of segments and sub-segments in global as well as regional pre filled syringes market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional pre filled syringes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pre filled syringes market. According to report the global pre filled syringes market is projected to grow at a CAGR of 9.10% over the forecast period of 2017-2023.
A pre filled syringe is a disposable syringe that is supplied already loaded with the substance to be injected. Pre filled syringes have emerged as one of the fastest growing choices for unit dose medication as the pharmaceutical industry seeks new and more convenient drug delivery methods. Pharmaceutical companies are able to minimize drug waste and increase product life span, while patients are able to self-administer inject-able drugs at their home instead of the hospital with the help of pre filled syringes. Pre filled syringe helps in lower overfill, provides greater efficiency, reduces risk of dosage error and contamination, provide ease of use and convenient for both medical professionals and patients.
Figure 1: Global Pre Filled Syringes Market by Value 2015-2023
Increasing chronic diseases which require frequent drug dosage, technological advancements, convenience and benefits associated with pre filled syringes, increase patient compliance, and increase home-based healthcare trend among the people are the key factors driving the growth of pre filled syringes market. The major restraints for pre filled syringes market are storage problem for this syringes as they require refrigerator storage, cost associated with the manufacturing process and strict government regulations. As pre filled syringes are becoming most common for home-based inject-able drug administration for the treatment of chronic disease, is considered to be a key opportunity for players in the market. The primary challenges face by this market involves manufacturing of pre filled syringes and stringent government regulations.
The report on global pre filled syringes market covers segments such as, product type, therapeutic category and design. On the basis of product type the global pre filled syringes market is categorized into glass pre filled syringes and plastic pre filled syringes. On the basis of therapeutic category the global pre filled syringes market is categorized into insulin pre filled syringes, vaccine pre filled syringes, arthritis pre filled syringes, heparin pre filled syringes, pcsk9 inhibitor pre filled syringes and others pre filled syringes. On the basis of design the global pre filled syringes market is categorized into single-chamber prefilled syringes, dual-chamber prefilled syringes and customized prefilled syringes.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Pre Filled Syringes Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global pre filled syringes market such as, Becton, Dickinson and Company, Baxter International Inc, Niulife Corporation, Consort Medical plc, Ypsomed Holding AG, Nipro Corporation, West Pharmaceutical Services, Inc, SCHOTT AG, SHL Group and Haselmeier AG.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global pre filled syringes market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pre filled syringes market. Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the pre filled syringes market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the pre filled syringes market to understand the present and future trends in this market and formulate their strategies accordingly.
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