ALBANY, N.Y., March 07, 2022 (GLOBE NEWSWIRE) -- Analysts at TMR estimate the prefilled syringes market to expand at a CAGR of 13.9% over the forecast period from 2021 to 2028. Prefilled syringes are recognized as a modern technique to control parenteral medications and are designed for self-administer of drugs to prevent hospital visits.
Prefilled syringes provide superior patient protection by eliminating the risk of involuntary needle stick injury and contact with contaminated products that could occur during the extraction of drugs from vials.
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The high burden of chronic diseases on the healthcare system is fuelling the demand for prefilled syringes. Patients that have a set drug routine that has to be administered intravenously can use prefilled syringes. Prefilled syringes are clean, precise, and easy to use, which enables patients to use them independently.
Prefilled Syringes Market: Key Findings of Report
- Prefilled syringes provide higher safety and convenience for healthcare workers and patients, as biologics and vaccines account for a larger share of drugs for therapeutics. Consistent product development has led to improved safety and convenience, reduced drug wastage, and significant improvement in dose accuracy for administering drugs.
- Manufacturers of prefilled syringes are engaging in improvements of component materials. Advent of plastic prefilled syringes that have high heat resistance and less permeable to water than traditional glass syringes is an example.
- High risk of diabetes for small wounds to lead to infection and gangrene makes patients with high degree of diabetes serious about maintaining blood sugar level. This drives demand for prefilled syringes to prevent missing the required medication.
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- Directives of WHO for patients of diabetes and chronic diseases to take extra care to prevent COVID-19 infection has fuelled the demand for prefilled syringes during the pandemic
- Demand for glass-based prefilled syringes in anticipated to soar due to their high stability, prevention of drug contact with oxygen or water vapor, and excellent compatibility. This is driving manufacturers to bolster their production capacity of glass-based and plastic-based products.
- Europe stands as a key consumer in the prefilled syringes market. High incidence of chronic diseases, rising demand for biologics and biosimilars, increase in adoption of self-injection devices, and geographic expansion by key manufacturers makes Europe prominent in the prefilled syringes market
- Keen players in the prefilled syringes market are engaged in the launch of superior products via R&D and business alliances, and obtain regulatory approvals to make them commercially available
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Prefilled Syringes Market – Growth Drivers
- Advantages of operational ease, safe administration, and accuracy of drug dosage for health caregivers and patients fuel the growth of the prefilled syringes market
- Elimination of risk of involuntary needle stick injury and exposure to contaminated products that makes prefilled syringes superior for patient protection drives adoption
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Prefilled Syringes Market – Key Players
Some of the key players operating in the prefilled syringes market are;
- Becton, Dickinson and Company
- SCHOTT AG
- Baxter International Inc.
- Weigao Group
- Nipro Corporation
- YPSOMED
- SHL Medical AG
- Gerresheimer
- West Pharmaceutical Services inc.
- Ompi
- Vetter Pharma International GmbH
- Elcam Medical
- Oval Medical Technologies
- Catalent Inc.
- Terumo Corporation
The prefilled syringes market is segmented as follows;
Prefilled Syringes Market, by Material
- Glass-based
- Plastic-based
Prefilled Syringes Market, by Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- Australia
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- GCC Countries
- Rest of Middle East & Africa
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
Oral Syringes Market: Oral syringes are used to deliver medication orally directly in the mouth of the patient. They are designed in such a way that it reduces the risk of medication dosing thus curbing chances of administrative error. Oral syringes can meet patient needs of all the age groups, and this syringes can be used several times by an individual patient within a time frame of seven days.
Smart Syringes Market: Smart syringes are gaining significant popularity around the world. These syringes are equipped with safety mechanisms, preventing their reutilization, and hence controlling unsafe injection practices. In the recent times, the incidence of infections, owing to unsafe injection practices, has increased substantially. Market for smart syringes provides a comprehensive analysis of this market, taking its current as well as historical performance into consideration.
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