Transparency Market Research
is Published new Market Report “Prefilled Syringes Market (Glass and
Plastic) - Global Industry Analysis, Size, Volume, Share, Growth, Trends and
Forecast, 2013 - 2019," The global prefilled syringes market was
valued at USD 2.09billion in 2012 and is expected to grow at a CAGR of 13.3%
from 2013 to 2019, to reach an estimated value of USD 4.98billion in 2019.
Browse
the full report with complete TOC at http://www.transparencymarketresearch.com/prefilled-syringes-market.html
Prefilled syringes are
advanced drug delivery devices filled with single measured dose of high-end
injectable drugs. Thesesyringes are gradually becoming the most preferred
delivery devices for various categories of injectable drugs, mainly due to the
advantages offered to drug manufacturers, healthcare providers and patients
over conventional vial and ampoule packaging systems. To drug manufacturers,
they are important because they reduce overfill to 4%-5% from 20% in vials, and
thus, are preferred for dispensing therapeutic classes (mainly biologics) which
are expensive. With respect to healthcare providers and patients, prefilled
syringes help with factors such as ease of operation, low risk of contamination
and accurate dosing.
Glass has been the most
preferred material over decades for syringe manufacturing, owing to its
properties such as non-reactive nature, robustness, transparency and
tolerability against heat. Consequently, glass based prefilled syringes
accounted for the larger share(more than 90%) of the total market in 2012, both
by revenue as well as volume.Sincethe past few years, the industry is
witnessing a shift towards the usage of plastic in place of glass in response
to some significant disadvantages associated with glass, such as high risk of
breakability and increased level of leachability from silicone layer in the
presence of biologics. Under the influence of continued development in the area
of polymer technology, the market for plastic based syringes is expected to
grow at a CAGR more than double of that of glass syringes duringthe forecast
period from 2013 to 2019. Nevertheless, glass syringes will still dominate the
total global market for prefilled syringes in 2019, in terms of percent share
by revenue as well as volume.
Boost in the use of biologics
and other potent injectable drugs, technical advances in prefilled syringe
manufacturing and packaging, rising demand for self-administration and
increasing elderly population suffering from various chronic diseases that
require frequent parenteral dosing are some major drivers anticipated totrigger
market growth during the forecast period. On the other hand, burgeoning
concerns regarding needlestick safety and prevention, rising manufacturing
costs and issues with drug stability are some of the challenges likely to
affect the growth of the global prefilled syringes market.
Geographically, Europe
constituted the largest market share for prefilled syringes in 2012, owing to
the high adoption rate of these delivery devices in the region. However, the
North American market is predicted to grow at a higher CAGR (15%) than Europe
during the forecast period to reach a value similar to that of the European
market. Major drivers expected to contribute to this market growth include
increasing awareness regarding benefits of prefilled syringes and presence of a
large number of biopharmaceuticals under clinical development targeted for
parenteral administration. In addition, the high growth economies of emerging
nations such as India, China, Brazil, Russia and Mexico are attracting
manufacturers to invest in these lucrative markets. Japan is a well-established
market for prefilled syringes among Asian countries.
The market for prefilled
syringes is oligopolistic in nature and is dominated by a few key players,
namely, Becton, Dickinson and Company, Gerresheimer AG, Nipro Corporation,
Schott AG and Stevanato Group. Other vendors operating in the market include
Unilife Corporation, West Pharmaceutical Services, Inc., Baxter International,
Inc. and Ypsomed Holding AG.
The global prefilled syringes
market is segmented as follows:
Prefilled Syringes Market, by Segment
- Glass
Prefilled Syringes Market
- By Revenue (USD Million)
- By Volume (Million units)
- Plastic Prefilled Syringes Market
- By Revenue (USD Million)
- By Volume (Million units)
Prefilled Syringes Market, by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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