Polaris Market Research continuously try to provide deep dive market insights and estimation studies to its clients. The new report “Prefilled Syringes Market Share, Size, Trends, Industry Analysis Report, By Material (Glass and Plastic); By Design (Dual Chamber, Single Chamber, and Customized); By Type (Conventional, and Safety Syringes); By Application (Insulin, Vaccine, Anti-coagulant, and Others), By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
global prefilled syringes (PFS) market was valued at USD 4.72 billion in 2019 and size is expected to reach USD 10.1 billion by 2027 to grow at a CAGR of 9.8% during the forecast period 2020-2027. The pharmaceutical industry is witnessing a rapid rise in bio-pharmaceuticals which is increasing demand for various advanced drug delivery devices, including prefilled syringes. Currently, more than 60% of the drugs in the clinical trials are biologics which needs to be administered parenterally.
Prefilled syringes (PFS) are efficient, reliable and convenient method for parenteral drug administration. These help the pharmaceutical companies to minimize drug waste and increase product life span which in turn leads to cost savings. PFS reduces the product wastage by preventing the dose overfill by four to five percent. This is especially advantageous for biological drugs as their manufacturing and product costs are too high and have low bulk manufacturing capacity. The product costs of some biologicals are as high as USD 2,000 per dose. PFS lowers the overall cost-per-dosage-unit compared to conventional syringe and vials. Hence, the demand for PFS is rising strongly in all customer segments; pharmaceutical companies, physicians and patients.
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Some of the major companies profiled in this study include: Becton Dickinson (BD), Medpro, Haselmeier AG, Stevanato Group, Owen Mumford, SCHOTT, Unilife Corporation, OMPI, Fresenius Kabi, Catalent, Vetter Pharma International GmbH, Gerresheimer, Weigao Corporation, West Pharmaceutical Services, Inc., and Nipro Medical Corporation are some of the key players operating in the concerned market.
It is estimated that nearly 50% of the diabetics live in China, India, US, Brazil and Indonesia. There is immense scope for PFS market penetration in these emerging countries due to huge patient base. Many patients are choosing to self-administer drugs in non-medical settings to reduce their healthcare and other related treatment costs. Administering a PFS involves lesser steps and lesser dexterity in comparison to the conventional needle and syringe.
PFS is convenient to use in non-medical settings as it is ergonomic, provide the accurate dose and preserves the sterility of the drug for over 6 months. PFS are increasingly being used for self-administration by users with chronic diseases such as diabetes and rheumatoid arthritis.
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With surge in COVID-19 cases, the U.S. government is liable to increase domestic medical facility to cope up with the future scenario. In line with this, in May 2020, the Department of Defense (DOD) and the U.S. Department of Health and Human Services awarded a contract of worth USD 138 million to the U.S. based ApiJect Systems America to start Project Jumpstart. The project would revamp the country’s production capability, by October 2020, to be independent in manufacturing more than 100 million prefilled syringes, using blow-fill-seal aseptic plastic manufacturing technology.
Table of Contents
Prefilled Syringes Market Insights
Prefilled Syringes Market Assessment by Material
Prefilled Syringes Market Assessment, by Design
- Dual Chamber
- Single Chamber
Prefilled Syringes Market Assessment, by Type
- Conventional Syringes
- Safety Syringes
Prefilled Syringes Market Assessment by Application
Prefilled Syringes Market Assessment by Geography
List of Tables
Table 1 Global Prefilled Syringes Market, By Material, 2016 – 2027 (USD Million)
Table 2 Global Prefilled Syringes Market, by Design , by Region, 2016 – 2027 (USD Million)
Table 3 Global Prefilled Syringes Market, by Type , by Region, 2016 – 2027 (USD Million)
Table 4 Global Prefilled Syringes Market, by Application, by Region, 2016 – 2027 (USD Million)
List of Figures
Figure 1. Market Highlights (2019, Revenue)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top Down & Bottom Up Approach
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The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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