QY Research has announced the addition of a new report on the global plastic prefilled syringes market, titled “Global Plastic Prefilled Syringes Market Insights, Forecast to 2025.” Analysts authoring the report expect the global market value to increase to approximately US$1.6 Bn in 2025, improving from nearly US$0.9 Bn reached in 2018. During the forecast period 2019-2025, the global market is projected to expand at a robust CAGR of 8.4%. Biocompatibility of advanced polymers such as crystal clear polymer with other components of the plastic prefilled syringes is expected to increase the demand in the global market.
Higher Chemical and Shatter Resistance than Glass Products to Augment Demand
Gradually increasing preference for plastic prefilled syringes over glass prefilled syringes due to their different advantages is predicted to augur well for the global market. Plastic prefilled syringes have more impressive chemical and shatter resistance compared to glass prefilled syringes and can be designed with tighter dimensional control. The benefit of cost-effectiveness offered by plastic prefilled syringes, which could be crucial to reduce healthcare costs, is prophesied to play a significant role in pushing the global market growth. However, plastic prefilled syringes could have some disadvantages such as those relating to process residuals, water and oxygen permeability, and leachables and extractables.
Global Plastic Prefilled Syringes Market: Segmentation
The researchers have covered four type segments of the global plastic prefilled syringes market, viz. polypropylene, cyclic olefin copolymer (COC), and cyclic olefin polymer (COP). The trend of using silicon-free syringes and various advantages of COC and COP plastic prefilled syringes such as high strength and transparency and biological inertness are anticipated to boost the market growth of the two segments. The report also covers four key applications: biologics, vaccines, antithrombotics, and others.
Global Plastic Prefilled Syringes Market: Regional Analysis
Regionally, Europe is foreseen to account for a prominent share of the global plastic prefilled syringes market due to the recommended use of prefilled syringes to deliver anesthesia drugs with minimum to no human errors. The rising trend of in-home care, presence of major manufacturers, and large geriatric population are expected to support the market growth of Europe. Asia Pacific is foretold to show quicker market growth due to rising number of hospitals, high incidence of chronic diseases, and increased patient population in China and India.
Global Plastic Prefilled Syringes Market: Competitive Landscape
Plastic prefilled syringes are manufactured by top companies, including Guerbet, Cardinal Health, MedXL, Taisei Kako, Terumo, West Pharmaceutical Services, Baxter, Fresenius Kabi, Roselabs Biosciences, Nipro, JO Pharma, Schott, Gerresheimer, and BD. Manufacturers are predicted to invest more in research and development because of increased scrutiny of products in relation to chemical reaction, stability of stored drug, and other factors. They could also concentrate on adding more advanced drug filling technologies and creating improved, customized syringe designs. Players may sign merger and acquisition deals to cement a strong position in the global market.
QY Research is the most reliable source to access the market research reports that will offer you a lead that your business needs. At QY Research, our key objective is to provide a platform for various world-class market research companies across the globe to circulate their research reports. We also assist decision-makers in finding suitable business solutions. QY Research has a primary aim of providing an ultimate solution based on customers’ requirements.