Published: July 2013
A new report published by Roots Analysis Private Ltd. forecasts the market for prefilled syringe systems to grow at a CAGR of 13.8% during the forecast period 2012-2018. According to the report titled ‘Prefilled Syringes World Market, 2012-2023, the prefilled syringes market is likely to witness sales of USD 6.9 BN in 2018, primarily driven by launch of new injectable drugs and vaccines, and increased preference for easy-to-use devices by end-users particularly in home-care situations. The grow till 2023 will continue to be robust.
Prefilled syringes are single-use devices that contain the premeasured dose of drug to be delivered. They offer better convenience, sterility and safety in comparison to conventional drug delivery systems like vials and ampoules. Prefilled syringes also considerably reduce the medication errors. Pharmaceutical companies are now packaging more of their injectable drugs in prefilled syringes, making it one of the fastest growing segments in injectable drug delivery systems market.
Prefilled syringes have gained market importance in last several years. In addition to vaccines and anticoagulants, today a wide range of drugs belonging to different therapeutic classes are marketed in prefilled syringes. Technological advances have widened the application of prefilled syringes for use in new indications like rheumatoid arthritis, multiple sclerosis and psoriasis. While development of new vaccines and other injectable drugs have stimulated growth in this sector, upcoming market opportunities, as discussed in the report, are also attractive. Development of prefilled syringes that are compatible with biologics and lyophilised drugs further promise to propel growth in this sector over coming years.
The report intends to give an overview of prefilled syringes world market from 2012 to 2023. It presents a thorough study of global market for prefilled syringes with respect to types of syringes, key geographical regions, leading syringe developers, drugs available in prefilled syringes and technological developments. While the market is still relatively small, capturing around 25.4% of total injectable drug delivery systems market, the outlook looks very promising.
About Roots Analysis Pvt. Ltd.
Roots Analysis is a specialist market research provider in the biopharmaceuticals industry. Our globally distributed and experienced leadership team believes in providing an unbiased independent perspective and an informed future outlook to our clients. All reports provide an in-depth review of current market landscape, future commercial potential, research & development, regulatory issues and regional growth drivers.
For further information on our reports, visit www.rootsanalysis.com/reports
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