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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