Ever-improving drug delivery methods continue
to gain popularity in the pharmaceutical industry as advanced medical
technology percolates into emerging economies. A breakthrough has been the
shift away from traditional syringes to disposable plastic ones and now
prefilled syringes. Prefilled syringes are well-suited to injectable diluents
and are a safer option as they are disposed after one use. Prefilled syringes are deployed in blood stimulants, vaccines,
erythropoietin, and interferons. A surge in demand for convenient, affordable,
accurate, and sterile parenteral drug delivery is benefiting stakeholders in
the prefilled syringes market.
Rise of Cheaper Alternatives Can Reduce Growth
Rates in Prefilled Syringes Market
Amidst a consumption spike in prefilled
syringes within the pharmaceutical industry, manufacturers must ensure that
their packaging does not result in any adverse reaction. Any prefilled syringe
reaction with drugs causes stability concerns. For e.g. – extractables &
leachable (E&L) can interfere with drug molecules, reducing the
effectiveness of the drugs, leading to major quality control issues.
Furthermore, the elimination of needlestick injuries and cheaper alternatives
is a key concern of companies operating in the prefilled syringes market.
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Prefilled Syringes Increase Drug Lifespan
Making Them Perfect For Remote Rural Areas
Compounded sterile preparations minimize the
risk of cross contamination and microbial ingress, improving patient safety.
Prefilled syringes contain the exact dosage unlike vials that are overfilled,
eliminating dosing errors. Prefilled syringes eliminate the processes before an
individual uses vial drugs. As biotechnology has made drugs prohibitively
expensive, prefilled syringes are advantageous as they allow lesser waste - ideal
in case of drug and vaccine shortages. Pharmaceutical companies can increase a
drug’s lifespan when patients self-administer drugs through prefilled syringes.
Prefilled syringes are the optimal drug delivery mechanism in far-flung remote
areas. Prefilled syringes enable self-administration of monoclonal antibodies
necessary to fight numerous chronic conditions, fuelling growth in the
prefilled syringes market.
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Convenience of Storage and Use Explains
Popularity of Single Chamber Prefilled Syringes
The single-chamber prefilled syringes segment
is anticipated to boom in the forecast period as they are convenient to store,
use, and dispose. In addition, single chamber prefilled syringes have a lesser
material requirement, produce lower waste during clinical trials, and optimize
active pharmaceutical ingredient use, preventing overfill. Single chamber
prefilled syringes have been particularly sought after in home healthcare
settings over the last decade. A greater acceptance of routine drugs among
chronically ill patients is responsible for growth in the prefilled syringes
market and this is likely to continue throughout the forecast period.
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Becton, Dickinson and Company Aggressively
Expanding in Prefilled Syringes Market
Becton, Dickinson and Company (BD) holds a
dominant position in prefilled syringes market due to its large customer base,
diverse product portfolio, and worldwide presence. The company recently made a
significant investment in expanding its existing capacity in Europe, along with
six locations in the US, Japan, and Mexico. Other companies profiled in this
report on the prefilled syringes market are Baxter International Inc., Catalent
Inc., Elcam Medical ACS. Ltd, Gerresheimer AG, Nipro Medical Corporation, Oval
Medical Technologies Limited, SHL Medical AG, Stevanato Group, Terumo
Corporation, Vetter Pharma-Fertigung GmbH & Co. KG, West Pharmaceutical
Services, Inc., and Ypsomed Group.
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