Technavios
research analyst predicts the global prefilled syringe packaging market to grow
at a CAGR of around 12% by 2020. The prefilled syringes are gaining popularity
over parenteral drug delivery routes because of their high affordability,
accuracy, and safety. Also, the ability of such syringes to reduce drug
wastage, increase the useful drug lifespan, and increase the vendor's market
footprint will result in the growth of the market.
The augmented use of disposable medical products is the key driver for the growth of this market. Recently, it has been observed that many healthcare facilities prefer using disposable products as it reduces the risk of cross-contamination. This rise in the use of disposable products will lead to the augmented demand for plastics as a packaging material due to its cost-effectiveness when compared to glass and metallic materials.
Segmentation by material type and analysis of the prefilled syringe packaging market
Though the glass prefilled syringes segment dominates this market in terms of total market shares, the plastic prefilled syringes segment will experience rapid growth during the forecast period. Since these syringes are break resistant and have the ability to protect drugs from moisture, their augmented adoption by healthcare facilities will lead to market growth during the estimated period.
Complete report details @ https://www.wiseguyreports.com/reports/global-prefilled-syringe-packaging-market-2016-2020 .
Application-based segmentation of the prefilled syringe packaging market
Technavio market research analysts estimate the vaccines packaging segment to account for more than 58% of the total market share by the end of 2020. The ability of prefilled vaccine syringes to meet the needs to healthcare facilities, such as reducing wastage, decreasing the time for drug administration, and reducing the risks of errors and contamination, will foster its adoption for vaccination purposes during the forecast period.
Competitive landscape and key vendors
The global prefilled syringe packaging market is fragmented owing to the presence of several multinational, regional, and local vendors. The smaller and local vendors compete with the multinational vendors in terms of cost, as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings.
The leading vendors in the market are -
The other prominent vendors in the market include Bespak, Bosch Packaging, Catalent, Ciron Groups, Corden Pharma, Health Biotech, MedXL, Novalek Pharmaceuticals, Stevanato Group, Troikaa, Unilife Vetter Pharma, West Pharmaceutical Services, and Ypsomed Holding.
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Key questions answered in the report include
Partner Relations & Marketing Manager
sales@wiseguyreports.com
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The augmented use of disposable medical products is the key driver for the growth of this market. Recently, it has been observed that many healthcare facilities prefer using disposable products as it reduces the risk of cross-contamination. This rise in the use of disposable products will lead to the augmented demand for plastics as a packaging material due to its cost-effectiveness when compared to glass and metallic materials.
Segmentation by material type and analysis of the prefilled syringe packaging market
·
Glass
·
Plastic
Though the glass prefilled syringes segment dominates this market in terms of total market shares, the plastic prefilled syringes segment will experience rapid growth during the forecast period. Since these syringes are break resistant and have the ability to protect drugs from moisture, their augmented adoption by healthcare facilities will lead to market growth during the estimated period.
Complete report details @ https://www.wiseguyreports.com/reports/global-prefilled-syringe-packaging-market-2016-2020 .
Application-based segmentation of the prefilled syringe packaging market
·
Vaccines
·
Antithrombotic drugs
Technavio market research analysts estimate the vaccines packaging segment to account for more than 58% of the total market share by the end of 2020. The ability of prefilled vaccine syringes to meet the needs to healthcare facilities, such as reducing wastage, decreasing the time for drug administration, and reducing the risks of errors and contamination, will foster its adoption for vaccination purposes during the forecast period.
Competitive landscape and key vendors
The global prefilled syringe packaging market is fragmented owing to the presence of several multinational, regional, and local vendors. The smaller and local vendors compete with the multinational vendors in terms of cost, as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings.
The leading vendors in the market are -
·
Baxter
·
Becton Dickinson
·
Gerresheimer
·
Nipro
·
Schott
The other prominent vendors in the market include Bespak, Bosch Packaging, Catalent, Ciron Groups, Corden Pharma, Health Biotech, MedXL, Novalek Pharmaceuticals, Stevanato Group, Troikaa, Unilife Vetter Pharma, West Pharmaceutical Services, and Ypsomed Holding.
Make an enquiry before buying report@ https://www.wiseguyreports.com/enquiry/global-prefilled-syringe-packaging-market-2016-2020 .
Key questions answered in the report include
·
What will
the market size and the growth rate be in 2020
·
What are
the key factors driving the global prefilled syringe packaging market
·
What are
the key market trends impacting the growth of the global prefilled syringe
packaging market
·
What are
the challenges to market growth
·
Who are
the key vendors in this market space
·
What are
the market opportunities and threats faced by the vendors in the global
prefilled syringe packaging market
·
Trending
factors influencing the market shares of the North America, APAC, Europe, and
ROW.
·
What are
the key outcomes of the five forces analysis of the global prefilled syringe
packaging market
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Contact US:
NORAH TRENTPartner Relations & Marketing Manager
sales@wiseguyreports.com
Ph: +1-646-845-9349 (US)
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