Prefilled Syringes Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis

The Global Prefilled Syringes Market was valued at US$ 2805.4 million in 2015 and is projected to expand at a CAGR of 11% during the forecast period (2017-2025), as highlighted in a new report published by Coherent Market Insights. The rising incidence of chronic disease coupled with the rising occurrence of needle-stick injuries and infections caused as a result of these injuries are expected to be major factors driving growth of the global prefilled syringes market over the foreseeable future.
Various harmful diseases such as Hepatitis B virus can spread through use of unsafe syringes. According to World Health Organization, the Hepatitis B virus accounts for 21.7 million new infections each year due to unsafe injections. This large number can be reduced with the incorporation of prefilled syringes that facilitates high levels of safety due to presence of retractable needles that eliminates the risk of needle-stick injuries.
Prefilled syringes are utilized across a wide range of therapeutic sector that includes vaccines, blood stimulants and therapeutic proteins. The two greatest advantages of prefilled syringes are elimination of dosage errors and the ease of use promoting parental medication are responsible to drive the market for global prefilled syringes. The growing popularity of biotechnology medicines and emerging biotech space are resulting in the enhancement of the as well as use of prefilled syringes across the globe. The containers of the prefilled syringes are considered to be ideal for vaccines and biotech drugs as they do not interact with the packaging material. However, few therapeutics change their chemical tendency after interaction with the container material serving it to be the cause of concern for growth of this market.
According to a study conducted by Lybrate Healthcare, approximately 52% of people in India opt for self-medication, in a sample group from 10 largest cities in India. This indicates the extensive use of parental medication within the population suggesting the evident use of prefilled syringes. According to the World Health Organization, 30% of the chronic disease population, mainly suffering from cancer can be treated with correct medication to come over the disease. Diseases such as granulocyte cancer can be cured with granulocyte colony stimulating factors and erythropoietin that can be packaged into prefilled syringes that allows patients a high flexibility, independence and easy handling for injection at home sitting. Prefilled syringes can be used to administer drugs in treatment of chronic diseases and can also be used for the vaccination purpose, catering to patients suffering from infectious diseases or certain epidemic diseases. Convenience and safety for both the patients and medical professionals offered through these devices are also a major cause leading to growth of the global prefilled syringes market. According to World Health Organization, approximately 2 million healthcare professionals suffer from infectious diseases as result of needle-stick injury. The retractable nature of these prefilled syringes helps to overcome this problem acting as an ideal device to reduce the occurrence of needle-stick injuries. Thus, all of these factors in integration creates highly lucrative growth opportunities for players in the global prefilled syringes market
Key takeaways of the prefilled syringes market:
• The global prefilled syringes market is expected to expand at a CAGR of 11% during the forecast period (2015-2025) as there exists a huge unrealized market especially in Asia Pacific, Latin America, Middle East and Africa
• The increased development of biological therapies coupled with demand for improved safety profiles as well as growing adaption of self-medication are responsible for the growth of global prefilled syringes market.
• Cancer, diabetes type 2, cardiovascular diseases and other infectious diseases including that can be treated through vaccination are the major therapeutic applications in which prefilled syringes can be of a great use.
• Some of the major players involved in global prefilled syringes market are Baxter Inc., Becton, Dickinson and Company, Medtronic, SCHOTT AG, Gerresheimer AG, Nipro Corporation, West Pharmaceuticals, Unilife Corporation and Treumo Corporation.

Thrust Vector Control System (TVC) Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Thrust Vector Control system (TVC) also called as Thrust vectoring is the ability of an aircraft, rocket, or other vehicles to control the direction of the thrust from engine or motor in order to control the attitude or angular velocity of the vehicle. Thrust Vectorin...

Ultra High Molecular Weight Polyethylene Ropes Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Ultra High Molecular Weight Polyethylene (UHMWPE) is odorless, tasteless, nontoxic, and resistant to corrosive chemicals except oxidizing acids having low moisture absorption (Hydrophobic) capacity and low coefficient of friction.  UHMWPE can float in water due t...

Enzyme Linked Immunosorbent Assay (ELISA) Analyzer Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

ELISA analyzer is a fully automated instrument for performing Enzyme Linked Immunosorbent Assay (ELISA). This device is designed to perform in vitro diagnostic tests for autoimmune diseases and infectious diseases such as AIDS. ...

Naloxone Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Naloxone, also referred to as Narcan, is an opioid antagonist that is widely used to reverse opioid overdose completely or partially. Opioid overdose generally causes respiratory depression among people, thus naloxone is used to reverse this adverse effect. Narcan is ...

Global Dual Specificity Protein Kinase TTK Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

A protein kinase is a kinase enzyme that helps in the modification of other proteins by chemically adding phosphate groups to them, which is known as phosphorylation. Dual specificity protein kinase TTK, also known as Mps1, is an enzyme, which is encoded by the TTK ge...

Smoked Eel Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Smoked eels are fishes that are cured by smoking. Foods have been smoked by humans throughout history, however, it was done to preserve the food. Nowadays, preservation of fish is possible by refrigeration or freezing. The smoking of fish adds a unique taste and flavo...

Fallopian Tube Cancer Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Fallopian Tubes also called as uterine tube are pair of tubes, which carry an egg from the ovary to the uterus. Fallopian tube cancer also called as tubal cancer is caused due to uncontrolled growth of cells in fallopian tubes that connect the ovaries and the uterus. ...

Inoculating Turntables Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Microbiology has wide applications in various end-use industries such as food and beverages, textiles, leather, dairy, alcohol fermentation industries. Microbiological processes involve inoculation of specific strain of bacteria in culture in order to get desired resu...

Submarine Escape Immersion Equipment Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Submarine escape immersion equipment (SEIE) is a whole-body suit and one-man life raft, which is designed to allow submariners to escape from a sunken submarine. This suit was first invented by RFD Beaufort Limited, a Europe-based company. The suit is an upgrade to th...

Medium Voltage Vacuum Contactors Market - Size, Share, Outlook, and Forecast till 2026

Published Date : Jun 2018

Vacuum contactors are the major components of any electrical circuit that requires voltage switching. Vacuum contactors utilize vacuum bottle encapsulated contacts to suppress the arc. The suppression of arc allows the contacts to be much smaller and exploits less spa...


Select Licence :

  • Single User : $4500
  • Multiple User : $7000
  • Corporate User : $10000

Happy To Assist You

Assist you at Worldwide Market Reports

We will be happy to help you find what you need. Please call us or write to us:

Worldwide Market Reports Benefits

Custom Research Solution

Talk to our research consultant to design an exclusive report as per your research needs.

Customer Fulfilment

We aim to fulfil client's research demands with tailored research solutions.

Quick Turnaround Time Reports

We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

360-degree Approach

We cover each industry from supply and demand side with an aim to provide a most holistic research study.