Safety Prefilled Syringe Market (By Type- Specialty prefilled syringes, Conventional prefilled syringes, Safety prefilled syringes; By Barrel Type - Dual chambered, Customized prefilled syringes, Single chambered; Product Type- Plastic-based Prefilled Syringes, Glass-based Prefilled Syringe; By Application- Hormonal disorders, Oncology, Auto-immune diseases, Diabetes, Anemia)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Report ID : ARC741

Introduction

Prefilled syringes are ready-to-use pharmaceutical products used to deliver the medication to the patients. They are disposable syringes which contain substance or liquid use to administered to a patient. These syringes deliver the accurate dose of the drug and help in preventing the chances of over dosing. They are also used to deliver the vaccines where accurate dose is need. The European market for prefilled syringes is relatively more mature compared to the US market owing to the rapid adoption of the technology. A number of companies are involved in the manufacturing of the advance syringes which will improve the route of the administration of the drug.

Market Dynamics

The major driving factor for the market are increasing prevalence of the various chronic diseases such as diabetes, cancer, hormonal diseases and others. According to the WHO, in 2016, 422 million people across the globe are suffering from diabetes. Rapidly increasing prevalence of various diseases has increased the demand for the better treatment option and ultimately supported the growth of the market. Additionally, increasing healthcare expenditure, increasing government support and growing preference by individuals for vaccines has boosted the growth of the market.

However, high costs of syringes, and incident related with cross-contamination between primary packaging and drugs present within the syringe are major factors hindering the growth of the market. Moreover, availability of better and effective alternative such as nano-patches and other non-invasive methods for drug administration are also responsible for slowing the market growth.

The major challenges in the market is the interaction of prefilled syringes with the drug which is the major concern because it creates stability issues. Thus, a number of manufacturers need to eliminate the interaction between drugs and packaging materials. A number of government organization are continuously focusing on development of the better product or to improve the existing syringes.

Market Classification and Overview

The global safety prefilled syringe market is majorly segmented into types, barrel type, product types and application. On the basis of type, the market is segmented into Specialty prefilled syringes, Safety prefilled syringes, and Conventional prefilled syringes. On the basis of barrel type, the market is segmented into Single chambered, Dual chambered, and Customized prefilled syringes. On the basis of product type, the market is segmented into plastic-based prefilled syringes and glass-based prefilled syringe. On the basis of application, the market is segmented into hormonal disorders, oncology, auto-immune diseases, diabetes, anemia, and other.

 

Regional Overview

Globally, the safety prefilled syringe market is segmented into North America, Europe, Asia Pacific and Latin America, Middle East & Africa.

Europe is expected to dominate the safety prefilled syringe market owing to their advancement in technology and large patient pool in the region. Additionally, the number of diabetic and obese population is large in the region which adds to the patient pool and supported the growth of the market. Increasing research & development in the medical field and better access to medical facilities is supporting the growth of the market in this region.

North America is estimated to have the second largest market in the forecast period followed by the Asia Pacific. During last decade, the healthcare expenditure has increased by several folds. According to the Centre for Medicare and Medicaid Services, national health spending in the U.S.A is projected to grow at an average rate of 5.5 % per year for 2017-26 and to reach $5.7 trillion by 2026. This will help in driving the market growth in near future.

Asia Pacific region is expected to have the fastest growth during the forecast period. This is attributed to growing number of surgeries and huge investment in the healthcare sector by government & private players. A huge number of diabetic and obese population of the region is also fueling the growth of the market. According to International Diabetes Federation (IDF), over 114 million cases of diabetes are present in China. Additionally, excessive rate of road accidents and an introduction of new technologies is further boosting the market.

LAMEA region is expected to show healthy growth during the forecast period. Increasing geriatric population and increasing number of surgeries in the region are driving the growth of the market. Moreover, lack of medical facilities Africa region creates an opportunity for key players to expand their market in this region.

 

Report Coverage

Market

Safety Prefilled Syringe Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Types, Barrel Type, Product Types, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

The global safety prefilled syringe market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2026, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2026 as the forecast period to estimate the market size for safety prefilled syringe.

Market Participants

  • Schott AG
  • Gerresheimer AG
  • West Pharmaceutical Services, Inc.
  • Becton
  • Dickinson and Company
  • Vetter Pharma International GmbH
  • Catalent, Inc.
  • Weigao Group
  • OMPI (A Stevanato Group Company)
  • Nipro Corporation
  • Medpro Inc.

Market Segmentation

Market By Type

  • Specialty prefilled syringes
  • Conventional prefilled syringes
  • Safety prefilled syringes

Market By Barrel Type

  • Dual chambered
  • Customized prefilled syringes
  • Single chambered

Market By Product Type

  • Plastic-based Prefilled Syringes
  • Glass-based Prefilled Syringe

Market By Application

  • Hormonal disorders
  • Oncology
  • Auto-immune diseases
  • Diabetes
  • Anemia
  • Other

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


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