Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for publishing professionals · Friday, March 29, 2024 · 699,671,454 Articles · 3+ Million Readers

Prefilled Syringes Market to Reach $9.53 Billion by 2026; Growing Popularity of Biologics and Biosimilars to Aid the Market: Fortune Business Insights™

Key Companies Covered in the Prefilled Syringes Market Research Report are BD, Gerresheimer AG, AptarGroup, Inc., Helvoet Rubber & Plastic Technologies BV, West Pharmaceutical Services Inc., SCHOTT AG, Terumo Corporation, Nipro PharmaPackaging International and other key market players.

/EIN News/ -- Pune, Jan. 14, 2020 (GLOBE NEWSWIRE) -- The global Prefilled Syringes Market size is projected to reach USD 9.53 billion by 2026, exhibiting a CAGR of 10.4% during the forecast period. Rising incidence of cancer and other Non-Communicable Diseases (NCDs) is expected to be the primary factor fueling the prefilled syringe market growth. According to the World Health Organization (WHO), 9 million deaths are caused by cancer worldwide every year. In total, NCDs cause close to 41 million deaths, or 71% of the global deaths, annually, states the WHO. The National Cancer Institute estimates that in the US alone, 1,735,530 new cancer cases were reported in 2018; by 2030, this figure is anticipated to reach 23.6 million. Such widespread prevalence of cancer and other NCDs has generated the need for alternative solutions such as biological drugs. The administration of these drugs requires modern devices such as prefilled syringes, which is foreseen to augment the Prefilled Syringes Market potential in the forthcoming years.


For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/prefilled-syringes-market-101946


Fortune Business Insights™ provides the above information in its new report, titled “Prefilled Syringes Market Size, Share & Industry Analysis, By Material (Glass and Plastic) By Closing System (Staked Needle System, Luer Cone System, and Luer Lock Form System) By Product (Complete Syringe Set and Components & Accessories) By Design (Double-chamber, Multiple-chamber, and Single-chamber) By End-user (Pharmaceutical & Biotechnology Companies, Contract Research & Manufacturing Organizations, and Others) and Regional Forecast, 2019-2026”. The report states that the value of this market stood at USD 4.31 billion in 2018 and also shares the following information:

  • Detailed assessment of the drivers and factors influencing the market;
  • In-depth analysis of the restraints holding back the development of the market;
  • Careful research into the various market segments; and
  • Comprehensive evaluation of the regional and competitive landscape of the market.

Rising Instances of Opportunistic Infections and Injuries at Hospitals to Boost the Market

Infections and injuries caused by needle sticks can be hazardous as they can cause serious damage to the body. According to the National Institute for Occupational Safety and Health (NIOSH), USA, a needle stick injury is one that is caused by sharp and pointed objects such as blood collection and hypodermic needles. Increasing workload of healthcare professionals at medical facilities such as hospitals has upped the threat of opportunistic injuries for these people, thereby expanding the Prefilled Syringes Market size. For example, the US Centers for Disease Control and Prevention (CDC) numbered the injuries caused by sharp objects in US hospitals at 600,000. Thus, as patient care gets more complex and demanding, safety concerns regarding needle stick injuries are expected to gain prominence and lead the Prefilled Syringes Market trends in the upcoming years.

Europe to Lead the Pack; Asia-Pacific to Grow at a Remarkable Pace

Among regions, Europe is slated to dominate the Prefilled Syringes Market share during the forecast period, with the region’s market size having stood at USD 1.76 billion in 2018. Factors propelling the market in Europe include growing uptake of self-injectable drug devices and increasing preference for biological drugs for treating chronic diseases.

Asia-Pacific is forecasted to showcase high-paced growth on account of increasing prevalence of chronic diseases and a speedily growing patient population. North America is projected to hold the second-largest section of the prefilled syringe market share owing to a strong presence of major market players and rising incidence of cancer.


Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/prefilled-syringes-market-101946


Product Diversification to be the Focus Area for Competitors

Key players are putting in place different measures to gain a competitive edge, according to the Prefilled Syringes Market analysis. While some companies are looking for ways to widen their product offerings, other participants are engaging in merger and acquisition activities to expand their presence in the market.

Industry Developments:

  • October 2019: The Aptar Group acquired the leader in patient onboarding and drug delivery devices, Nobel International, to diversify its service offerings for the biopharmaceutical industry. The acquisition will enable Aptar to support customers through all stages of their drug development process.
  • December 2018: Terumo Corporation announced the launch of its product, Hulio®, which is a biosimilar to Humira® (adalimumab), in Europe. The drug is injected using Terumo’s PLAJEX™ pre-fillable syringe, giving the Japanese medical company an opportunity to make a footprint in the thriving Prefilled Syringes Market of Europe.

List of Top Players Identified in the Prefilled Syringe Market Report are:

  • BD
  • Gerresheimer AG
  • AptarGroup, Inc.
  • Helvoet Rubber & Plastic Technologies BV
  • West Pharmaceutical Services Inc.
  • SCHOTT AG
  • Terumo Corporation
  • Nipro PharmaPackaging International
  • Other Prominent Players


Have Any Query? Ask Our Experts:  https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/prefilled-syringes-market-101946


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Regulatory Scenario by Key Countries/Key Region
    • Overview of Secondary Prefilled Containers such as Auto-injectors, Pens, etc.
    • Prefilled Syringes Key Market Trends
    • Overview of Contract Research and Manufacturing Service Providers for Prefilled Syringes
    • Key Industry Developments (Mergers, Acquisitions, Strategic Partnerships, Collaborations, etc.)
  • Global Prefilled Syringes Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Material
      • Glass
      • Plastic
    • Market Analysis, Insights and Forecast – By Closing System
      • Staked Needle System
      • Luer Cone System
      • Luer Lock Form System
    • Market Analysis, Insights and Forecast – By Product
      • Complete Syringe Set
      • Components & Accessories (Backstops, Plunger Stoppers, and Plunger Rods)
    • Market Analysis, Insights and Forecast – By Design
      • Single-chamber
      • Double-chamber
      • Multiple-chamber
    • Market Analysis, Insights and Forecast – By End User
      • Pharmaceutical & Biotechnology Companies
      • Contract Research & Manufacturing Organizations
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

TOC Continued….!


Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/prefilled-syringes-market-101946


Have a Look at Related Reports:

Diabetes Treatment Devices Market Size, Share and Industry Analysis By Product (Insulin Pens, Insulin Pumps, Insulin Jet Injectors, Insulin Syringes, Others), By Distribution Channel (Institutional Sales (Hospitals, Clinics), Retail Sales (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)) & Regional Forecast, 2019 – 2026

Diabetes Drugs Market Size, Share and Industry Analysis By Drug Class (Insulin, DPP-4 Inhibitors, GLP-1 Receptor Agonists, SGLT2 Inhibitors), Diabetes Type (Type 1, Type 2), Route of Administration (Oral, Subcutaneous, Intravenous), Distribution Channel (Online pharmacies, Hospital Pharmacies, Retail Pharmacies) & Regional Forecast 2019 – 2026

Human Insulin Market Size, Share & Industry Analysis, By Type (Analogue Insulin, Traditional Human Insulin), By Diabetes Type (Type 1, Type 2), By Distribution Channel (Retail Pharmacy, Hospital Pharmacy, Online Pharmacy), and Regional Forecast, 2019-2026

Vaccines Market Size, Share & Industry Analysis, By Type (Recombinant/Conjugate/Subunit, Inactivated, Live Attenuated and Toxoid), By Route of Administration (Parenteral and Oral), By Disease Indication (Viral Diseases and Bacterial Diseases), By Age Group (Pediatric and Adults), By Distribution Channel (Hospital & Retail Pharmacies, Government Suppliers and Others) and Region Forecast, 2019-2026

Recombinant Vaccines Market Size, Share & Industry Analysis, By Type (Subunit and Live Attenuated), By Route of Administration (Parenteral and Oral), By Disease Indication (Human Papillomavirus, Hepatitis B, Rotavirus, Herpes Zoster, Meningococcal B, and Others), By Distribution Channel (Hospital & Retail Pharmacies, Government Suppliers and Others) and Geography Forecast, 2019-2026

Germany Pneumococcal Vaccines Market Size, Share & Industry Analysis, By Product Type (PCV10, PCV13, and PPSV23), By End User (Hospitals, Clinics, and Others) and Region Forecast, 2019-2026

Influenza Vaccine Market Size, Share & Industry Analysis, By Type (Inactivated and Live Attenuated), By Valency (Quadrivalent and Trivalent), By Age Group (Pediatric and Adults), By Distribution Channel (Hospital & Retail Pharmacies, Government Suppliers and Others) and Geography Forecast, 2019-2026

Nuclear Medicine/ Radiopharmaceuticals Market Size, Share & Industry Analysis, By Type (Diagnostic Radiopharmaceuticals, Therapeutic Radiopharmaceuticals), By Application (Neurology, Cardiology, Oncology, and Others), By End User (Hospitals & Clinics, Diagnostic Centers, and Others) and Regional Forecast, 2019-2026

Next-Generation Sequencing (NGS) Market Size, Share and Industry Analysis By Type (Products, Instruments & Software, Consumables, Services), By Application (Diagnostics, Research), By End User (Research Institutes, Healthcare Facilities & Diagnostic Centres, Pharmaceutical & Biotechnological Companies, Contract Research Organization) & Regional Forecast, 2019 – 2026

Regenerative Medicine Market Size, Share and Industry Analysis By Product (Cell Therapy, Gene Therapy, Tissue Engineering, Platelet Rich Plasma), By Application (Orthopaedics, Wound Care, Oncology), By Distribution Channel (Hospitals, Clinics) & Regional Forecast, 2019 – 2026

Genomics Market Size, Share and Industry Analysis By Type (Products, Services), Technology (Polymerase Chain Reaction, Next-generation Sequencing, Microarray, Sanger Sequencing), Application (Diagnostics, Research), End-User (Research Institutes, Healthcare Facilities & Diagnostic Centers, Pharmaceutical & Biotechnological Companies, Contract Research Organization (CROs)) & Regional Forecast, 2019 - 2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Press Release https://www.fortunebusinessinsights.com/press-release/prefilled-syringes-market-9503

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release