The global Prefilled Syringes Market to Touch Valuation of US$ 32.5 Bn by 2030, according to a new report by Vision Research Reports.
The global Prefilled Syringes market size was valued at US$ 28.6 billion in 2020 and is anticipated to grow at a CAGR of 21.2% during forecast period 2021 to 2030.
Get Sample Copy of This Report@ https://www.visionresearchrepo…
Growing usage of prefilled syringes and technological advancements in auto-injectors are the key factors driving the market. Prefilled syringes are rapidly replacing traditional syringe-vial combinations due to advantages offered by them, such as increased patient safety and convenience for healthcare practitioners in dose preparation and delivery.
These syringes enable easy management of chronic diseases, such as diabetes and rheumatoid arthritis, which is expected to boost the usage of autoinjectors and pen injectors during the forecast period. Thus, the growing prevalence of diabetes and other chronic diseases would fuel the market demand over the next few years. The introduction of advanced devices with Wi-Fi and Bluetooth connectivity facilitating effective management of patient health records is also expected to boost the product demand.
The application of prefilled injectors is currently limited to emergency rooms in hospitals and for the treatment of certain chronic diseases. These injection devices are considered ideal containers for vaccines and other biotech drugs, which otherwise tend to become unstable and react with the material of the container resulting in altered drug potency. Rising preference for biotechnology drugs and the emerging biotech sector presenting greater opportunities are expected to have a positive impact on market development during the forecast period.
The disposable segment led the global market in 2020 and is expected to remain dominant throughout the forecast years owing to its wide applications. High preference for patient safety has resulted in increased usage of disposable devices in hospitals and homecare settings. Moreover, these devices reduce contamination risks, which is also projected to boost their demand.
On the other hand, the reusable segment is expected to register the fastest growth rate during the forecast period. The development of advanced auto-injectors, such as i-Pen by Haselmeier AG and VigiPen by VigiHealth, has augmented the segment growth.
Based on materials, the market is segmented into glass and plastic. Glass products led the market in 2020. However, the plastic segment is expected to be the dominant segment during the later phase of the forecast period and dominate with a larger revenue share in 2025.
Clarity and inertness offered by plastic-based products is the major factor driving the segment’s growth. These properties also increase the level of safety by maintaining the purity of stored drug dosage. In addition, plastic prefilled syringes reduce the overall cost of the dose, which is also likely to fuel their demand.
Diabetes captured the largest market share in 2020. The growing prevalence of the disease and the need for effective and safer insulin delivery devices are the factors augmenting the segment development. The diabetes segment is followed by the anaphylaxis segment.
Public awareness campaigns and price discrimination approach implemented by Mylan N.V. for its patent-protected device called EpiPen, which is an epinephrine injection, is resulting in the growth of the anaphylaxis application segment.
Prefilled products serve as a great tool for the storage of vaccines and other biotech drugs, which are unstable and are prone to change their properties while transferring from vials. Recently the U.S. FDA approved Auvi Q by Kaléo. This device is intended for use in life-threatening allergic reactions in infants and children.
These devices are used in the emergency, as well as surgery, rooms to save time and avoid errors during emergency treatments. However, with the availability of affordable syringes, the use of prefilled syringes is increasing in regular OPDs. These products have enabled cost saving by minimizing the wastage of APIs during the dose preparation process to a great extent. Thus, costly drugs are mostly administered through these devices, which are filled precisely using automated machines.
The hospital segment holds the largest share of the global market. However, the growing trend of self-care due to the easy availability of advanced devices that reduce the visits to healthcare professionals is expected to have a negative impact on the growth of this segment.
Mail order pharmacies help serve patients suffering from chronic conditions such as diabetes and anaphylaxis. Subscriptions to mail order pharmacies are preferred mostly by patients who need to take regular doses by injection. This helps in reducing the total cost incurred to the patient during the course of therapy. Products sold through this channel are required to be designed with utmost patient convenience,.
Europe is currently dominating the global market owing to the growing demand for prefilled syringes in the region. Moreover, the strong presence of major market players such as Gerresheimer AG, Schott Group, and Owen Mumford Ltd. is also likely to help boost the region’s growth.
The European Board of Anesthesiology recommends the use of prefilled syringes for anesthesia. Increasing number of surgeries due to various factors and faster approval procedures by various regulatory authorities are the factors expected to drive the Europe regional market.
The Asia Pacific market is expected to grow at a lucrative CAGR during the forecast period. Rapidly developing economies, such as India and China, and the availability of untapped growth opportunities are the key factors fueling the region’s expansion. Moreover, a large patient population and the growing prevalence of various chronic diseases are expected to fuel the sector growth in the region.
Gerresheimer AG, Schott Group, Unilife Corporation, Nipro Medical Corporation, Owen Mumford, and Haselmeier AG
- Type Outlook
- Material Outlook
- Application Outlook
- Rheumatoid Arthritis
- Vaccines and Other Biotech Drugs
- Distribution Channel Outlook
- Mail Order Pharmacies
- Ambulatory Surgery Centers
- Regional Outlook
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- South Africa
- North America
Buy This Premium Research Report@ https://www.visionresearchrepo…
The Prefilled Syringes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Prefilled Syringes market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Prefilled Syringes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Prefilled Syringes market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Prefilled Syringes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Prefilled Syringes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Prefilled Syringes by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Prefilled Syringes market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Prefilled Syringes market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Prefilled Syringes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Prefilled Syringes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Prefilled Syringes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Prefilled Syringes market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Prefilled Syringes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Prefilled Syringes market. These factors have benefited the growth of the global market for Prefilled Syringes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Prefilled Syringes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Prefilled Syringes are as follows:
- Historic Year: 2017-2020
- Base Year: 2021
- Forecast Year 2021 to 2030
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
Buy This Premium Research Report@ https://www.visionresearchrepo…
My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!