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(Transportation-News.com, December 10, 2015 )
Global Prefilled Syringe Packaging Market 2016-2020 Size and Share Published in 2015-12-02 Available for US$ 2500 at Researchmoz.us
Description
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.
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.
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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.
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.
Key questions answered in the report include
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
Related reports:
Global Anti-counterfeit Packaging Market 2015-2019
Aseptic Packaging Market in Americas 2015-2019
Global Biopharma Cold Chain Packaging Market 2015-2019
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top vendor offerings
PART 03:Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Global prefilled syringes packaging market
Five forces analysis
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