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| Prefilled Syringes Market |
The
prefilled
syringes are one of the fastest growing choices for the
unit dose delivery and has emerged as one of the most convenient way
of drug delivery method in the recent years. The extensive use of
prefilled syringes has enabled the pharmaceutical companies to
minimize drug-wastage and increase the life-span of the product at
the same time. The plastic disposable syringes has created a
revolution in the healthcare market which has been enhanced by the
introduction of sterile prefilled syringes that enables safe
self-administration of injectable drugs to patients sitting at home
without a need to visit hospitals. According to National Center for
Biotechnology Information (NCBI), 25% of expenditure on drugs goes
unused and wasted in the United States while 3-7% of medications
intended towards patients goes unused. These massive revenues could
be directed in a useful way with the use of prefilled syringes in the
market that enables to improve the shelf life of the drugs as well as
avoids wastage of drugs as the syringes are filled with exact volume
and concentration of the drug that will deliver optimum results.
Prefilled syringes make a profitable deal for the pharmaceutical
companies too, as these companies can be benefitted from the less
over-fill of drugs as compared to the vials that serves to be an
important advantage, particularly in case of costly
biopharmaceuticals.
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Market
Dynamics:
Minimum
environment exposure, easy administration, better patient compliance
and 100% bioavailability are the factors expected to drive the
prefilled syringes market growth in the forecast period. According to
the World Journal of Pharmacy and Pharmaceutical Sciences 2016, more
than 3.5 billion prefilled syringes are produced and used annually by
patients and healthcare providers for the treatment of broad spectrum
of conditions. The technological innovations and developments of
prefilled syringes are contributing to the market growth. For
instance, Gerresheimer introduced metal-free Luer Lock Gx RTF Syringe
in 2017, without tungsten to create perfect primary packaging
material for the biotechnologically manufactured active ingredients
that ideally exclude the possibility of contamination with metal.
However, availability of alternative systems such as nanopatches,
microneedles, connected delivery devices, limited shelf life and
stability issues of the drugs are the factors restraining the market
growth.
Market
Taxonomy:
This
report segments the global prefilled syringes market on the basis of
drug type, material and geography. On the basis of product type, the
prefilled syringes market is categorized into biologics, vaccines,
insulin and others. Biologics are further categorized into monoclonal
antibodies, blood products and others. Vaccines are further
categorized into conjugated vaccines, live attenuated vaccines,
recombinant vaccines and others. On the basis of material, the
prefilled syringes market is categorized into glass and
plastic/polymer. For comprehensive understanding of market dynamics,
the global prefilled syringes market is analyzed across key
geographical regions namely North America, Latin America, Europe,
Asia Pacific, Middle East and Africa. Each of these regions is
analyzed on basis of market findings across major countries in these
regions for a macro-level understanding of the market.
Key
players indulged in strategic implementation of various policies for
the stabilization of prefilled syringes as well as to encounter other
issues associated with it;
•
In 2015, Gerresheimer and Corning Inc. signed a joint venture in
order to accelerate the innovations for pharmaceutical glass
packaging materials. The companies entered into a 10 year supply
agreement for borosilicate glass tubes focusing on packaging of
pharmaceutical products.
•
In 2016, BESPAK launched SYRINA AR 2.25 auto injector that enables
fully-automatic delivery of viscous drug formulations. The innovative
auto-injector is specifically tailored to inject higher viscosities
enabling safe use of glass syringes.
Detailed
Segmentation:
•
Global Prefilled Syringes Market, By Drug Type:
Biologics
-
Monoclonal Antibodies
-
Blood Products
-
Others
Vaccines
-
Conjugated Vaccines
-
Live Attenuated Vaccines
-
Recombinant vaccines
-
Others
Insulin
Others
•
Global Prefilled Syringes Market, By Material:
Glass
Plastic
& Polymer
•
Global Prefilled Syringes Market, By Geography:
North
America
Europe
Asia-Pacific
Latin
America
Middle
East
Africa
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