Prefilled Syringes Market Research Report 2018
Albany, New York (PRWEB) September 10, 2014
The packaging and drug delivery industries are rapidly expanding, with pre-filled syringes standalone. The prefilled syringes market is expected to grow at a CAGR of 13.3% from 2013 to 2019, to reach an estimated value of USD 4.98 billion in 2019. According to the industry best market research reports, the global market of prefilled syringes valued at USD 2.09 billion in 2012.
- Brief Introduction
Pre-filled syringes comprises one of the fastest growing markets in the healthcare and pharmaceutical (drug delivery and packaging) sectors. These syringes are advanced drug delivery devices filled with single measured dose of high-quality injectable drugs. As the syringes are gradually becoming the most preferred medical devices for numerous categories of injectable drugs, this stream of industry continues to offer one of the highest growth potentials in the pharmaceutical industry.
It is also evolving and expanding rapidly due to a number of advantages offered to drug manufacturers, patients, and healthcare providers over traditional vial and ampoule packaging systems. Worldwide, drug manufacturers find these syringes suitable to use because they reduce overfill to 4%-5% from 20% in vials.
Browse Full Prefilled Syringes Market Report: http://www.transparencymarketresearch.com/prefilled-syringes-market.html
- Unique Factors that Propel the Market Growth
The prefilled syringes market is uniquely interesting and high in demand due to some more factors such as:
- The prefilled syringe is an important drug device, primarily a drug container to both pharmaceutical and biotechnology companies.
- Biotech is a challenging field. It demands quality prefilled syringes and requires highest quality potential syringe suppliers.
- The stringent quality standards desired in syringes is another value added factor that drives the market.
- Prefilled syringes are found in relatively low volume as compared to the expensive therapeutic drug devices such as anti-coagulants and various vaccines.
- The syringes are less attractive for the suppliers to meet the biotech’s need.
- Prefilled syringes help with aspects such as low risk of contamination, ease of operation, and accurate dosing.
For further inquiries, ask here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1131
- Why is Prefilled Syringe preferred over conventional drugs?
Prefilled syringes market is driven by a marked rise in the progress of vaccines and biological drugs market that requires the drug to be infused directly into the bloodstream. Injecting a drug directly into the blood assures a thorough absorption procedure as compared to oral delivery. Oral delivery is an extensive procedure because it takes plenty amount of time for the drug to metabolize or degrade in the stomach or by the liver before it is circulated systematically.
Such advantages and lasting benefits are difficult to reproduce with other drug delivery systems, and thus, they are unlikely to be substituted anytime soon.
- Prefilled Syringes – Materials Type
There are two major segments described in the study of prefilled syringes market and they are namely; glass-based prefilled syringes and plastic-based syringes. Of both, glass-based syringes have been the most preferred material over decades for syringe manufacturing. It is due to the physical properties such as its robustness, non-reactive nature, tolerability against heat, and transparency. In 2012, the glass-based prefilled syringes accounted for more than 90% of the total market share, both by revenue, as well as volume.
Prefilled Syringes Market Article, here: http://www.transparencymarketresearch.com/article/prefilled-syringes-market.htm
However, since the past few years, the industry is witnessing a major shift towards the usage of plastic in lieu of glass. This is due to some of the significant disadvantages related with glass, such as increased level of leachability from silicone layer in the biologics and high risk of breakability too. The market for plastic based syringes is expected to grow at a double CAGR rate more than double of that glass syringes during the expected forecast period from 2013 – 2019.
Pre-filled syringes market is rapidly booming and becoming the drug delivery system of choice. The primary focus of the pharmaceutical industry on biologics simply means there will be a continued growth and demand for this delivery method in the near future.
Browse blog: http://industrysource.wordpress.com/