Dual Chamber Prefilled Syringes Market to Surpass US$ 3.3 Bn Amidst Advancements in Biologics

Usage of Lyophilized Drugs in Hemophilia Treatment Boosting Dual Chamber Prefilled Syringes Demand by 8.7%

In its new report, Fact.MR divulges into the growth trajectory of the global dual chamber prefilled syringes market across the leading segments, including product type, product material, sales channel, and region. In addition, it provides elaborate information on the degree of entry and exit barriers for key players.

Fact.MR – A Market Research and Competitive Intelligence Provider: Sales of global dual chamber prefilled syringes are projected to reach US$ 3.3 Bn over the forecast period from 2017 to 2026, predicts Fact.MR. Increasing need to store active pharmaceutical components or biological substances safely is anticipated to boost the market worldwide.

According to the European Fine Chemicals Group (EFCG), in 2014, the demand for active pharmaceutical components in North America surged by 29.1%, while in East Asia, it grew by 27.5%.

These numbers are estimated to increase in the upcoming years, thereby bolstering the demand for global dual chamber prefilled syringes. On account of this, the market is poised to exhibit growth at a CAGR of 8.7% through 2026.

Besides, more patients are opting for these efficient and safe syringes because of the improvements in the arrangement of liquid components present in the injectors. Additionally, increasing number of patients diagnosed with hemophilia is anticipated to spur the growth in this market.

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Rising usage of biologics to treat hemophilia is projected to drive the demand for dual chamber prefilled syringes in the forthcoming years. Lyophilized drug is the only available treatment option for curing this disease and it requires the usage of such syringes for drug delivery.

“Increasing demand for self-injection devices owing to the rising cases of chronic and rare diseases is expected to fuel the growth in this market. In addition, urgent need for conventional prefilled syringes owing to the rapid adoption of self-administered drugs is likely to propel the growth,” says a Fact.MR analyst.

Key Takeaways:

• Based on product material, the glass prefilled syringes segment is set to hold the lion’s share as these are heat and chemical resistant.
• By sales channel, the hospital pharmacies segment is anticipated to dominate in terms of market share.
• Based on product type, the safety prefilled syringes segment is likely to account for the largest share owing to the high demand for safe drug delivery systems.
• The U.S. is set to lead the market in North America stoked by the rising penetration of biosimilars and biologics in the country.
• In Asia Pacific, Japan is anticipated to generate the largest market share owing to the ongoing development of syringes with integrated safety features.

Growth Drivers:

• High demand for cost-effective and non-reactive glass dual chamber prefilled syringes is set to propel the growth in the market.
• Increasing usage of lyophilized drugs owing to the advancements in biologics is likely to boost the need for innovative dual chamber prefilled syringes.

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Competitive Landscape

Leading players are focusing on expanding their existing portfolios by launching state-of-the-art products. Meanwhile, some of the other players are aiming to conduct research & development activities, as well as adopt capacity expansion strategies to introduce novel products and broaden their geographical presence.

For instance,

• October 2021: The U.S.-based manufacturer of injectable pharmaceutical packaging, West Pharmaceutical Services introduced its single-use accessory for prefilled ISO standard 0.5mL staked needle syringes named NovaGuard SA Pro Safety System in India. It is available in 1mL long glass staked needle syringes and would help protect patients and healthcare professionals from accidental needle stick injuries.
• January 2020: BioMed Central, a for-profit scientific open access publisher based in the U.S., published a study conducted by a group of researchers, in which, the performance of dual chamber prefilled syringes was compared with classic syringes for the administration of peripheral intravenous and catheter flushing. The results showcased that double-chamber syringes were capable of reducing the overall time of administration and lowering the number of catheter manipulations. It also declared that these syringes could help nurses to adopt good clinical practices amid intravenous drug administration.
• March 2019: Gerresheimer AG, a leading manufacturer of primary packaging products headquartered in Germany, announced its plan to develop a new plant in the Republic of North Macedonia. This plant will enable the company to manufacture plastic systems for both the medical technology sector and the pharmaceutical industry. It would also produce prefillable syringes and expand its European production network.

Key Players in the Dual Chamber Prefilled Syringes Market Include:

• Bespak Europe Ltd
• Catalent, Inc.
• Credence MedSystems Inc.
• Otsuka America Pharmaceutical Inc.
• Schott AG
• West Pharmaceutical Services Inc.
• Ypsomed Holding AG
• Gerresheimer AG
• Vetter Pharma-Fertigung GmbH & Co. KG
• Nipro Corporation
• Boehringer Ingelheim GmbH
• Amgen Inc.
• Pfizer Inc.

More Valuable Insights on Dual Chamber Prefilled Syringes Market

Fact.MR provides an unbiased analysis of the dual chamber prefilled syringes market, presenting historical demand data (2011-2016) and forecast statistics for the period from 2017-2026. The study divulges compelling insights on the global dual chamber prefilled syringes market with a detailed segmentation on the basis of:

Product Type

• Conventional Prefilled Syringes
• Safety Prefilled Syringes

Product Material

• Glass Prefilled Syringes
• Plastic Prefilled Syringes

Sales Channel

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Key Questions Covered in Dual Chamber Prefilled Syringes Market Report

• The report offers insight into the dual chamber prefilled syringes market demand outlook for 2017-2026.
• The market study also highlights projected sales growth for dual chamber prefilled syringes market between 2017 and 2026.
• Dual chamber prefilled syringes market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
• Dual chamber prefilled syringes market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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Source: Fact.MR