Market outlook of the global prefilled syringe packaging market
Technavio’s 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
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.
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?
- What are the market opportunities and threats faced by the vendors in the global prefilled syringe packaging market?
- Trending factors influencing the market shares of the North America, APAC, Europe, and ROW.
- What are the key outcomes of the five forces analysis of the global prefilled syringe packaging market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top vendor offerings
PART 03:
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Global prefilled syringes packaging market
- Five forces analysis
PART 06: Market segmentation by materials
- Global prefilled syringes packaging market by types of materials
- Global glass prefilled syringes packaging market
- Global plastic prefilled syringes packaging market
- Comparison of glass and COP/COC prefilled syringes
PART 07: Market segmentation by application
- Global prefilled syringes packaging market by types of application
- Global prefilled syringes packaging market for vaccines
- Global prefilled syringes packaging market for antithrombotic drugs
- Global prefilled syringes packaging market for other biotech drugs
PART 08: Geographical segmentation
- Global prefilled syringes packaging market by geography
- Prefilled syringes packaging market in Europe
- Prefilled syringes packaging market in North America
- Prefilled syringes packaging market in APAC
- Prefilled syringes packaging market in ROW
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Market share analysis
- Baxter
- BD
- Gerresheimer
- Nipro
- Schott
- Other prominent vendorsPART 15: AppendixList of abbreviations
PART 16: Explore Technavio