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Plastic pre-filled syringes market set to increase at a faster rate in the future

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Pre-Filled Syringes: World Industry and Market Prospects 2014-2024 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-21 05:04:03
The developed markets of United States and Japan accout for half product revenues of the global pre-filled syringes market in 2012. It is forecast that these markets will retain their market dominance over the next decade although the developing markets for pre-filled syringes will expand at a faster rate, eroding their market share over time. The larger patient populations, improving access to healthcare and wider use of biological therapies for chronic disease treatment is forecast to drive the faster growth rate for pre-filled syringes in the developing markets.

The worlwide pre-filled syringes market is forecast to expand by 6% CAGR during the period 2012 to 2018. Glass pre-filled syringes represented the largest proportion of unit sales in 2012. The development of immunisation programmes globally and the demand for pre-filled syringes from generic drug manufacturers and vaccine developers is set to drive growth in the industry sector. To meet the demand for large-scale production and use, low-cost delivery devices are forecast to increase their share of the overall global market, with the increased demand for plastic pre-filled syringes.

Pre-filled syringes offer many advantages over other injectable delivery devices, including reduced drug manufacturing costs, greater patient convenience and improved safety. Greater use of self-administration in this decade will increase revenues for pen injector and autoinjector manufacturers. Technological advances in this sector offering patients improved convenience – less painful injections, electronic dose memory and simplified handling and administration for patients with dexterity problems – will further increase uptake of these devices.

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