Global Prefilled
Syringes Market
Based on the GMI Research analysis, the Prefilled
Syringes Market is projected to expand at a growth rate of 10.7% in the
tenure of seven years. This is because
of the accelerating cases of acute disease, such as diabetes and the growing
demand for biological drugs.
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Prefilled Syringes Market Dynamics
The enormous advantages which include, eliminating dosage
errors and effortlessness proffered by prefilled syringes to the pharmaceutical
industry have stimulated the growth of the global prefilled syringe market.
Also, the complications associated with the conventional procedures have raised
the demand for prefilled syringes. Moreover, as per the Prefilled
Syringes Market analysis, various leading players in the market have
introduced strategic initiatives such as new product innovation which will
complement the market size. For example, BD, in 2019, officially declared the
introduction of pre-fillable syringe in order to provide patient-centric
solution, called the nine BD Intevia, with autoinjector properties.
Besides this, the surge in the home-based healthcare market
is another force complementing the growth of the market. The coronavirus has
largely influenced the prefilled syringes market size as leading players, such as J&J
have exhibited a robust demand for home healthcare products including prefilled
syringes, which presents huge potential for the market. Also, this method has
gained immense prominence with the advent of novel drugs owing to its less time
consumption.
On the other hand, product revocation because of the leakage
in the syringes is projected to restrain the market growth. For instance, BD,
in 2020, recollects the PosiFlush SF saline syringe because of holes in the
packaging.
Application Segment Drivers
On the basis of application, the diabetes segment is projected
to lead the market over the coming years. The accelerating incidences of
diabetes and the evolving need for secure and efficient insulin delivery
equipment will propel the Prefilled Syringes Market share. In accordance
with the World Health Organisation, nearly half of the deaths before the age of
70 years are because of high blood glucose.
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clients in making effective investment and business decisions.
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