Market Research Future has published a new report titled as “Global Prefilled Syringes Market” explores Key Market Driver, market size, growth rate, opportunities, market Dynamics and Overall Analysis up to 2024.
Prefilled Syringes Market - Summary:
Investments have continued to grow in healthcare device and instrument manufacturing. Recognizing the opportunity, a number of healthcare and pharmaceutical brands have increased their focus on such categories. Pre-filled syringe – viewed as a revolutionary technology – is one such category that has gained tremendous traction in recent years. Moreover, product innovation and widened R&D pipeline for targeting niche indications has led to expansion of product variety and applicability.
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They are being used in a wide range of therapeutics, which include vaccination, blood stimulation and therapeutic protein injection. Pre-filled syringes have continued to evolve, which characterizes their fast rising popularity among medical professionals and physicians. The advent of dual chamber syringes and availability of customized syringes is also providing an impetus to the demand for pre-filled syringe. The global pre-filled syringe market is expected to surpass a valuation of USD 8300 Mn by 2024. This market will soar at a compound annual growth rate of 10.20% between 2018 and 2024.
Report Overview:
This report offer an in-depth analysis of the global pre-filled syringes market. It delivers an extensive examination of all the key parameters that are making an impact on the market scenario. Report users will come across key drivers, restrains and trends that are expected to influence the growth of the market segments discussed in the report. For revenue estimation and market sizing, a segmental analysis of pre-filled market on the basis of material, type, design, end-user and region has been conducted.
Players Covered:
Abbott
Gerresheimer
Baxter
West Pharmaceutical
Vetter Pharma International GmbH
And more.
Report Coverage:
Value, Market Share, Player Analysis, value chain analysis, Porter's five forces model, demand & supply: gap analysis, investment opportunities analysis, pricing analysis, technological trends, microeconomic, country level break down for material, type, design, end-user.
Prefilled Syringes Market - Segmental Analysis:
The segmentation of the prefilled syringes market is carried out on the basis of type, material, design and end users. Based on type, the segmentation of the prefilled syringes market consists of safety prefilled syringes and conventional prefilled syringes. Conventional prefilled syringes accounted for the largest market share of about 68% of the share for the global prefilled syringes market in 2017.
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The segmentation of prefilled syringes based on material comprises of plastic prefilled syringes and glass prefilled syringes. Plastic syringes have garnered the most substantial growth rate due to its usage in many applications of pharmaceutical packaging. Additionally, glass prefilled syringes are moreover sub-segmented into baked on silicone and oil siliconized syringes.
The design based segmentation of the prefilled syringes market is segmented into dual-chamber prefilled syringes, customized prefilled syringes, and single-chamber prefilled syringes. Dual-chamber prefilled syringes are expected to grow at a rate of CAGR of 10.31% during the forecast period. Single-chamber prefilled syringes are responsible for the largest market share of about 56% of the share for the global prefilled syringe market in 2017.
The end-user segment of the prefilled syringes market consists of ambulatory surgical units, hospitals & clinics and others. Hospitals expected to grow at the fastest CAGR, due to increasing public and private hospitals.
Prefilled Syringes Market - Detailed Regional Analysis:
The regional analysis of the prefilled syringes market globally consists of regions is divided into Europe, Americas, Asia Pacific, Middle East and Africa. The European region is responsible for the leading market share of about 41.4 percent in the year 2017 and is expected to lead the prefilled syringes market globally.
The higher share is majorly attributed to the rising geriatric population, demand for quality healthcare and growing trend of home-based treatment separate with high healthcare expenditure.
The Americas region is responsible for the second biggest market portion, whereas the Asia Pacific region is anticipated to develop at a rapid expansion rate of about 10.78 percent during the forecast period. With loads of prospects and unceasingly developing economies, the region is expected to be among the rapidly growing area.
Moreover, factors such as Japan’s quick adoption of plastic devices along with the modern healthcare developments, and increasing number of private and public hospitals, are promoting the growth of the market. The Middle East and Africa region with a lesser degree of economic developments and very low-income per capita is responsible for the minimum market share in 2017 but is likely to develop in the future.
Major TOC of Prefilled Syringes Market Research Report – Forecast to 2024:
1 Report Prologue
2 Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Prefilled Syringes Market, by Material
7 Global Prefilled Syringes Market, by Type$
8 Global Prefilled Syringes Market, by Design
9 Global Prefilled Syringes Market, by End-User
10 Global Prefilled Syringes, by Region
11 Competitive Landscape
12 Company Profiles
13 Conclusion
14 Appendix
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