New York City, NY: Jun 19, 2019 – Published via (Wired Release) – Prefilled syringes are basically ready-to-use pharmaceutical products. Prefilled syringes are disposable syringes that contain liquid or substance which is to be administered to a patient prefilled. These are primarily used to deliver accurate dose of drugs to a patient, and is particularly useful when an individual is suffering from long-term conditions where-in self-administration of medication becomes necessary.
The first five-year cumulative revenue (2017–2021) is projected to be US$ 23,036.8 Mn, which is expected to increase rather moderately over the latter part of the five-year forecast period. According to report, the prefilled syringes market is projected to reach a value of over US$ 9,000 Mn in 2026 at a CAGR of 10.3% over the forecast period.
High prevalence rate coupled with increasing incidence of chronic diseases across the globe, and presence of a large patient pool are major factors driving growth of the Global prefilled syringes market. In addition, growing preference by individuals for vaccines that can be self-administered that are safe and easy-to-use are other factors expected to fuel growth of the global prefilled syringes market over the forecast period.
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Global Prefilled Syringes Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global prefilled syringes market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global prefilled syringes market is expected to expand at a moderate CAGR of 10.3% during the forecast period.
Global Prefilled Syringes Market: Segmental Snapshot
The market report has been segmented on the basis of type, material, design, application, and region. The type segment includes disposable prefilled syringes and reusable prefilled syringes. The material segment includes glass prefilled syringes, and plastic prefilled syringes. Design segment includes single-chamber, and dual-chamber. Application segment includes anaphylaxis, rheumatoid arthritis, diabetes, and others. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By type: The disposable prefilled syringes segment accounted for highest revenue share contribution as compared to reusable prefilled syringes segment, and is expected to register a CAGR of over 9.5% between 2017 and 2026.
By material: The glass segment is projected to account for highest revenue share as compared to that of plastic segment, and register a CAGR of 10.0% over the forecast period.
By design: The single-chamber segment is estimated to register highest CAGR of 10.4% as compared to that of dual-chamber segment. Also, it is projected to account for a dominant revenue share in the global prefilled syringes market over the forecast period.
By region: The market in Europe accounted for highest revenue share in the global prefilled syringes market in 2016, and is expected to register a CAGR of over 9.6% between 2017 and 2026.
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Global Prefilled Syringes Market: Competitive Analysis
The research report on the global prefilled syringes market includes profiles of some of major companies such as Becton, Dickinson and Company, Gerresheimer AG, SCHOTT AG, West Pharmaceutical Services, Inc., Stevanato Group S.p.a. (Ompi), Catalent, Inc., Weigao Group, Vetter Pharma-Fertigung GmbH & Co. KG, NIPRO PHARMA CORPORATION, and MedPro Inc.
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from Wired Release http://bit.ly/2J6zWQz
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