Prefilled Syringes Market Is Estimated To Be Valued Us$ 7,276 Million By 2023

 

Prefilled Syringes (PFS) Market:

The prefilled syringes (PFS) as the name suggests- are syringes which are prefilled with medicinal drugs. The prefilled syringes market is estimated to be valued US$ 7,276 million by 2023 and it will help CAGR to grow at 8.8%. Pharmaceuticals and biopharmaceutical companies are exploiting more and more ways pre-filled syringes format for drug administration.

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Increasing acceptance of prefilled syringes for parenteral drug administration, increasing demand for home-based healthcare, long term care facilities and busy medical environment are the some driving factors for growing market for the prefilled syringes. In addition to that, benefits such as dose accuracy, sterility, convenience are added advantages over conventional drug delivery contributing to the market of prefilled syringes.

The prefilled syringes formats is fairly new and is yet to bloom in the drug administration market and this adoption of the prefilled syringes are applicable only when other alternative drug administration methods have run down. Currently greater number of prefilled syringes are designed to be compatible with biological drugs than non-biological drugs.

 

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Global prefilled syringes (PFS) market is categorized as-

  1. Material type
  • Plastic prefilled syringes
  • Glass prefilled syringes
  1. Prefilled syringes type
  • Conventional prefilled syringes
  • Safety prefilled syringes
  1. Design
  • Single chamber prefilled syringes
  • Customized prefilled syringes
  1. End users

Pharmaceutical companies, biopharmaceuticals, drug discovery and research organizations and other

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And lastly it is divided on the basis of geographical regions-North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Depending upon the above categories, the current and future market of prefilled syringes will grow with the help of market dynamics, current trends, future opportunities, etc. In addition to this, new product introduction, regulatory policies and competitive analysis will help build the market for prefilled syringes. The key stakeholders in the prefilled syringes market includes all types of manufacturers, marketers, policymakers engaged in manufacturing and supply of prefilled syringes. According to geographical regions division, Europe is expected to lead to the global prefilled syringes market while Asia-Pacific and North America are growing market due increase prevalence of diseases and availability of untapped market. Some key players in the market for prefilled syringes market are- Becton, Dickinson and Company (U.S.), Catalent, Inc. (U.S.), Nipro Corporation (Japan), Owen Mumford (UK), Unilife Corporation (U.S.), Vetter Pharma International GmbH (Germany), Weigao Group (China), are some names.

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