Market Research on Prefilled Syringes Market 2021
Prefilled Syringes Market By Material, By Type, Design, By Application, By Distribution Channels And By Region-Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2016 to 2021
(EMAILWIRE.COM, October 12, 2017 ) The Global Prefilled Syringes Market was worth USD 3.6 billion in 2016 and estimated to grow at a CAGR of 10.7%, to reach USD 6.1 billion by 2021.
These syringes are very effective in self-administration of drugs and the demand for these syringes has been rising over the past few years. This format of parenteral drug delivery system is being adopted by growing number of healthcare facilities.
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A “prefilled syringe” is a syringe filled with a fixed quantity of a therapeutic drug. It is more accurate, affordable, convenient, sterile, safe and accessible as compared to traditional drug delivery methods in which vials were used for storage of pharmaceutical drugs. These vials were prone to dosing errors and contamination while prefilled syringes have no such drawbacks.
The growth of the Global Prefilled Syringes Market is mainly driven by factors such as increasing prevalence of chronic diseases, steadily rising patient population base and its superior performance in drug delivery at an affordable price. Further, initiatives taken by major players in the market in setting up production facilities in both nascent and mature markets are also improving its growth prospects. Lately, there has been a few product recalls which could dampen the sales and could hinder the market growth. In addition, the low market presence of prefilled syringes with integrated safety features could result in loss of confidence and is another restraint to this market.
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The Global Prefilled Syringes market size is segmented into five broad categories: materials, type, design, application and distribution channel. The material is further sub-segmented into glass prefilled syringes and plastic prefilled syringes. By type, the market is divided into conventional prefilled syringes and safety prefilled syringes. The design is further segmented into single-chamber, dual-chamber, and customized prefilled syringes. Vaccines and monoclonal antibodies are major categories under application. On the basis of the distribution channel, the prefilled syringes market is segmented into hospitals, ambulatory surgical centers, and mail order pharmacies.
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Europe in 2016 commanded a substantial share of the market. Asia-Pacific, however, is expected to showcase the highest CAGR in the forecast period.
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Prefilled Syringes market are 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.)
Market Segmentation :
1) Materials
2) Type
3) Design
4) Form
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About us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
These syringes are very effective in self-administration of drugs and the demand for these syringes has been rising over the past few years. This format of parenteral drug delivery system is being adopted by growing number of healthcare facilities.
Browse more details @ http://marketdataforecast.com/market-reports/prefilled-syringes-market-3181/
A “prefilled syringe” is a syringe filled with a fixed quantity of a therapeutic drug. It is more accurate, affordable, convenient, sterile, safe and accessible as compared to traditional drug delivery methods in which vials were used for storage of pharmaceutical drugs. These vials were prone to dosing errors and contamination while prefilled syringes have no such drawbacks.
The growth of the Global Prefilled Syringes Market is mainly driven by factors such as increasing prevalence of chronic diseases, steadily rising patient population base and its superior performance in drug delivery at an affordable price. Further, initiatives taken by major players in the market in setting up production facilities in both nascent and mature markets are also improving its growth prospects. Lately, there has been a few product recalls which could dampen the sales and could hinder the market growth. In addition, the low market presence of prefilled syringes with integrated safety features could result in loss of confidence and is another restraint to this market.
Download Free Sample Report @ http://marketdataforecast.com/market-reports/prefilled-syringes-market-3181/request-sample
The Global Prefilled Syringes market size is segmented into five broad categories: materials, type, design, application and distribution channel. The material is further sub-segmented into glass prefilled syringes and plastic prefilled syringes. By type, the market is divided into conventional prefilled syringes and safety prefilled syringes. The design is further segmented into single-chamber, dual-chamber, and customized prefilled syringes. Vaccines and monoclonal antibodies are major categories under application. On the basis of the distribution channel, the prefilled syringes market is segmented into hospitals, ambulatory surgical centers, and mail order pharmacies.
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Europe in 2016 commanded a substantial share of the market. Asia-Pacific, however, is expected to showcase the highest CAGR in the forecast period.
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Prefilled Syringes market are 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.)
Market Segmentation :
1) Materials
2) Type
3) Design
4) Form
Inquire before buying @ http://marketdataforecast.com/market-reports/prefilled-syringes-market-3181/inquire
About us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results