Published: January 2023
Given the large number of steps involved, multiple containers, and risk of medication errors associated with the use of traditional reconstitution methods, the pharmaceutical industry has progressed towards developing novel drug reconstitution systems. These advanced systems contain premeasured dose of drug and diluent, which essentially reduces the chances of dosing errors, enhance the portability, efficiency and optimum delivery of lyophilized drugs, thereby improving the provision of healthcare.
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More than 45% of the reconstitution systems are infusion bags (dual and multi chambered), followed by prefilled syringes (39%) and cartridges (14%). Examples include (in alphabetical order, no selection criteria) DebioPass™ (prefilled syringe), Duplex® (infusion bag), Lyo-DCPS™ (prefilled syringe) and V-LK® (cartridge). It is worth noting that more than 25 reconstitution systems are made of plastic materials, such as ethynyl vinyl acetate, polypropylene, cyclic olefin polymer and polyvinyl chloride.
Presently, the market is dominated by very large companies (having more than 5,000 employees) and mid-sized companies (having 51-200 employees). It is worth noting that majority (47%) of the firms engaged in this domain are based in Europe, followed by Asia Pacific (32%) and North America (18%).
Majority (44%) of the one step reconstitution systems use vials for the storage and reconstitution of lyophilized drugs. About 90% of these systems are disposable and intended for single use only, while the others are designed to be reusable. Examples include (in alphabetical order, no selection criteria) Clip’n’Ject™ (West Pharmaceutical Services), Mixpro® (Novo Nordisk) and Multi-Ad® Fluid Dispensing System (B.Braun).
Over 70% of the drugs approved since 2014, are small molecules, while the rest are biologics. About 70% of the biologics are stored and reconstituted in vials. It is worth highlighting that, 23% of the biologic drugs are administered using prefilled syringes / pens.
Of these, majority of the patents (49%) were filed / granted in North America, followed by Europe where 38% patents were filed / granted. Leading players, in terms of the number of patents filed / granted, include (in decreasing order of number of patents filed) Sanofi, Baxter, Deka Products, Becton Dickinson and Carefusion.
Most of the events related to novel drug reconstitution systems were organized in Europe, particularly the UK (around 30%). It is worth highlighting that the agendas of the events organized in 2020 include, considerations of closed system transfer devices, transition from vials to prefilled syringes and next generation innovations in drug delivery.
The current demand for novel drug reconstitution systems is estimated to be worth over 2.5 billion units and is likely to reach more than 5 billion units by 2030. Further, North America and Europe represents the highest share in terms of demand for novel drug reconstitution systems, compared to other regions.
North America (primarily the US) and Europe are expected to capture over XX% of the market share by 2030, in terms of the sales-based revenues. Further, majority of the market is captured by dual chamber prefilled syringes mainly used for the reconstitution and administration of lyophilized drugs.
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The USD XX billion (by 2030) financial opportunity within the novel drug reconstitution systems market has been analyzed across the following segments:
The research includes detailed profiles of key players (listed below), each profile features an overview of the company, its financial information (if available), product portfolio, details on recent developments, as well as an informed future outlook.
For additional details, please visit https://www.rootsanalysis.com/reports/drug-reconstitution-systems-market.html or email firstname.lastname@example.org
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