According to Fact.MR’s recently collated research report, a spectacular growth has been envisaged for the global dual chamber prefilled syringes market in the forecast period (2017-2026). Worldwide sales of dual chamber prefilled syringes are poised to bring in approximately US$ 3,300 Mn revenues by 2026-end.
Dual chamber prefilled syringes have evolved to the stage where they are functionally useful for the packaging of lyophilized small volume parental drugs. This development could be attributed to the outgrowth of robust proliferation of biological drugs needing lyophilization.
Over the past decade, several companies have started to focus on approaches such as life-cycle management in order to improve the competitiveness of their existing products. This can be credited to the rising stringency of regulatory parameters along with reduction in the number of novel and guaranteed successful drugs in biopharmaceutical and pharmaceutical pipelines.
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Owing to the existence of vast number of parenteral drugs, custom drug delivery devices with prefilled syringes are imperative. As such, companies look to offer exhaustive portfolio of high-quality products and adapt the syringe system to the customer’s individual requirements profile. Accordingly, use of prefilled syringes in parental drugs is enjoying an increase in popularity.
Prefilled syringes have gained popularity owing to enhanced user safety, ease of use and the decline of potential dosage errors. At-home administration, self-administration and the surge of biologics are the primary aspects that trigger the growth of dual chamber prefilled syringes market. On account of low cost and adoption of self-administered drugs, conventional prefilled syringes are expected to be most preferred products in the market. Meanwhile, prefilled has become integral part of auto-injection segment of the drug delivery market, which needs prefilled cartridges.
Dual chamber prefilled syringes have garnered attention of customers as prefilling pays off in saved bulk substance as vials applied for standard injections have to be overfilled. Besides, sealing the containers leverages for ingenious and new packaging methods and exact tracking systems to avert tampering, mix-ups and mistakes that could jeopardize the integrity of a drug between patients and filing line.
The safety and flexibility of the prefills is in line with the growing trend towards home health care. Demographics—ageing population are propelling the trend coupled with the efforts of insurance companies to reduce health-care costs.
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Dual Chamber Prefilled Syringes Market: Overview
The report provides a comprehensive assessment on the dual chamber prefilled syringes market with quantitative and qualitative analysis. Further, the report offers a clear picture with respect to dynamics of dual chamber prefilled syringes market, including drivers, trends, opportunities, and restraints. These aspects are indispensable and possess potency to impact the growth of the dual chamber prefilled syringes market. Besides, the report delves into the segregation of the dual chamber prefilled syringes market to provide a robust picture of dual chamber prefilled syringes market.
North America is likely to prevail as the fast-expanding as well as the most lucrative market for dual chamber prefilled syringes, followed by Europe. Asia-Pacific excluding Japan (APEJ) will also account for a major chunk of the market’s revenue share during the forecast period.
The report incorporates exhaustive executive summary followed by market introduction section. The report also presents lucid picture of through market overview and market analysis. The market background section focuses on value chain analysis and macro-economic factors. The report also encompasses mergers and acquisitions along with technological advancements that have significant influence in the development of the dual chamber prefilled syringes market.
Validation of the information in the report is done through primary sources, including in-person interactions, surveys, view of seasoned analyst, interviews and in-person interactions and insights of analyst coupled with secondary sources incorporating trade journals, verified paid sources, resourceful databases and trade journals. Absolute dollar opportunity analysis has also formed basis for the robust analysis of the report.
Dual Chamber Prefilled Syringes Market: Competitive Landscape
The report also includes competitive scenario of the dual chamber prefilled syringes market, including competition intensity mapping with respect to market taxonomy; competition dashboard and company profiles. The section, based on Porters’ Five Force Analysis, also sheds light on financials overview, strategies, product portfolio and recent developments.
Some players in the market are also focusing on making improvements in design of dual chamber prefilled syringes for improving stability and safety of sensitive drugs. Fact.MR’s report has listed key players augmenting the market expansion, which include Bespak Europe Ltd, Catalent, Inc., Credence MedSystems, Inc., Otsuka America Pharmaceutical, Inc., Schott AG, West Pharmaceutical Services, Inc., Ypsomed Holding AG, Gerresheimer AG, Vetter Pharma-Fertigung GmbH & Co. KG, Nipro Corporation, Boehringer Ingelheim GmbH, Amgen Inc., and Pfizer Inc.
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Dual Chamber Prefilled Syringes Market: Conventional Prefilled Syringes to Be Most Preferred Product
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