Small molecule prefilled syringe is a pharmaceutical preparation of small molecule drugs, sold into prefilled syringes. The small molecule prefilled syringe is an alternative to other forms of dosage including capsules and tablets. Empty glass or polymer and plastic syringes are loaded with solution of active pharmaceutical components. The drugs that belong to categories including cardiovascular, neurology, adjuvants, and analgesics, are offered in delivery systems of prefilled syringe. The Small molecule prefilled syringes have rapid therapeutic action than the syringes and tablets, as the drug enters directly in the bloodstream.
Furthermore, self-administration could be done with these products that is convenient to the patients. Increasing incidence of the chronic diseases including cardiovascular diseases and cancer is a factor expected to drive growth of the global small molecule prefilled syringes market over the forecast period. Prefilled syringes include a fixed dosage that avoids issues including dosage errors, needle-stick injuries owing to novel lock technologies, reduced incidences, along with needleless syringes.
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Manufacturers are focused on development of multi or dual-chambered prefilled syringes (the AL Biosciences, Inc. makes multi-chambered prefilled syringe), having several applications in fields including reconstituted and other powerful drugs (for an instant therapeutic action). They also provide convenience for the end users. Moreover, technological advancements within manufacturing and design of the prefilled syringes has also supported the pharmaceutical players for commercializing several drugs into forms of prefilled dosage including Penicillin. Various pharmaceutical companies have designed prefilled syringes consisting active pharmaceutical components, which has helped these players to increase their revenues.
For instance, the Teva Pharmaceutical Industries Ltd. generated significant revenues by the sales of its Copaxone drug, in 2016, that comes in prefilled syringe. Companies of the prefilled syringes have designed novel prefilled syringe and multi- and dual-chambered syringe for the sensitive drugs for avoiding reactions. Drug chamber is segmented with a diluent chamber having a barrel between two chambers where the barrel acts as the barrier between the two chambers. For instance, the Pfizer, Inc. has launched iSecure one-piece prefilled syringe which is needle-free. The iSecure is the needle-free, single- piece, technology that helps to minimize injuries of needle-stick.
The global small molecule prefilled syringes market accounted for US$ 13,749.4 million in 2016 and is projected to exhibit a significant CAGR of 4.6% over the forecast period (2017–2025).
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Rising self-injection device adoptions is expected to drive the global small molecule prefilled syringes market growth
Effectiveness of the drug delivery depends mainly on administration route. Parenteral routes are preferred highly and frequently used route for drug administration. Significant growth has been witnessed recently in devices of advanced drug delivery, owing to advancements and ease of availability of the parenteral drugs. Primary benefits of the prefilled syringe over the conventional systems of drug delivery is enhanced product safety, accurate dosing, self-administration, and low drug contamination chances. Self-injection benefits of prefilled syringes are a key factor to increase adoption of them, thus expected to fuel growth of the global prefilled syringe market over the forecast period. Moreover dual-chamber prefilled syringes might be used with the reconstituted drugs, helping to avoid drug wastage and overdose. Key pharmaceutical players are focused on advancing use of the devices of self-administration globally. SCHOTT, in 2015, introduced a design of prefillable syringe—SCHOTT TopPac. The prefillable syringes of SD polymer minimizes the risk among packaging container and sensitive drugs.
However, factors including complex process of manufacturing, high prices, and high quality requirements of the products (leading to high costs) is expected to restrain growth of the global small molecule prefilled syringes market over the forecast period.
Key players functioning in the global small molecule prefilled syringes market are Pfizer, Inc., Mylan N.V., Sanofi S.A., Teva Pharmaceutical Industries Ltd., Dickinson and Company, Becton, Fresenius Kabi AG, and others.
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Major Point Answered in Small Molecule Prefilled Syringes Market Research Study are:
What will be the progress rate of the Small Molecule Prefilled Syringes Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Small Molecule Prefilled Syringes Market across different regions?
Who are the major vendors dominating the Small Molecule Prefilled Syringes industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Small Molecule Prefilled Syringes Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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