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  • 18 September 2019 23:09

Safety Prefilled Syringe Market News Study Reveals

Recently Published Report on Titled “Safety Prefilled Syringe Market - Global Industry Size, Share, Trends, and Forecast, 2018-2026”.

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.

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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.

Segmentation:

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

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