NEW YORK, May 30, 2018 (GLOBE NEWSWIRE) -- The global prefilled syringes market is witnessing a healthy growth landscape for the next few years. The global market is growing, due to increasing demand for vaccines, growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases and increasing healthcare expenditure.
Pharmaceutical companies have achieved success with the prefilled syringes containing liquid formulation. However, some of the protein-based drugs are formulated as powder to improve long-term stability. Prefilled syringe manufacturers have developed dual or multi chamber syringe for lyophilized drugs. Prefilled syringes with dual or multi-chamber configuration can efficiently contain a combination of liquid or dry drug combination in a system, which is ready for efficient mixing at the point of delivery. Thus, the demand for combination therapies is becoming a trend in the prefilled syringes market.
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The adoption of prefilled syringes in the emerging economies is expected to provide huge growth potential for the prefilled syringes market, during the forthcoming years. The growth will be driven by the increasing healthcare awareness, increasing healthcare spending and regulatory initiatives for needlestick injuries. The countries, such as China, Brazil and India have a large population base, are still lacking primary healthcare facilities. The incidence rates of various chronic diseases are high in these countries due to lack of awareness of healthcare. Moreover, various initiatives have been taken worldwide to create healthcare awareness and accelerate the adoption pace of safety devices with prefilled syringes in the region. Thus, the developing nations are offering a healthy growth potential for the players operating in the prefilled syringes market.
The recall of defected prefilled syringes is a major hindrance in the market for prefilled syringes. There are various packaging and contamination issues, in the production line of pharmaceutical prefilled syringes manufacturers. These issues lead to the recall of the defected prefilled syringes. Some of the issues related to operational insufficiency, drug stability, coated plungers and inferior packaging results in increased cost of manufacturing. A recall of a single line of pharmaceutical product impacts the overall brand image and thereby hampering the prefilled syringes market growth.
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The key companies operating in the global prefilled syringes market include Becton, Dickinson and Company, Gerresheimer AG, SCHOTT AG, Nipro Corporation, Unilife Corporation, West Pharmaceutical Services Inc., Baxter International Inc., Stevanato Group S.p.a., Ypsomed Holding AG, Bespak Europe Ltd. and Vetter Pharma-Fretigung GmbH & Co.
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