WiseGuyReports.com adds new report on “Global
Prefilled Syringe Packaging Market 2016-2020” of 69 pages with tables and figures to its research store.
Market outlook of
the global prefilled syringe packaging market
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.
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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.
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.
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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.
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Key questions answered in the market research
report
·
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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