Safety Prefilled Syringe System Market: Rise in incidence of chronic diseases due to sedentary lifestyle is fueling the market
Key Drivers and Opportunities of Global Safety Prefilled Syringe System Market
- Benefits offered by safety prefilled syringes, such as more cost-effective processing, ease of use, and elimination of dosing error, and new innovations are major factors that are estimated to propel the safety prefilled syringe system market. Moreover, a surge in use of disposable syringes and increasing realization that convenience of delivery systems and speed of use are fueling the demand for safety pre-filled syringes in the medical field and subsequently, driving the market.
- Increased focus on research and development to place greater number of new drugs in safety prefilled syringes by key players is a key factor propelling the market. Rise in number of injectable products that can be self-administered at home boosts the use of products and consequently, boosts the market.
- Increase in prevalence and incidence of chronic diseases such as cancer and diabetes due to sedentary lifestyle is fueling the market. For instance, according to World Health Organization (WHO), in 2018, cancer burden is estimated to have risen to 18.1 million new cases and 9.6 million deaths globally. As per the article published in Diabetes Research and Clinical Practice, estimated prevalence of diabetes globally is likely to increase to 10.2% (578 million) by 2030 and 10.9% (700 million) by 2045. Prevalence of diabetes is higher in urban areas, as compared to that in rural areas.
- Government initiatives to improve healthcare infrastructure and rise in awareness regarding chronic diseases offer significant opportunities for the market across the globe. Moreover, a surge in the adoption of advanced technologies is also likely to provide opportunity for the market.
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North America to Hold Major Share of Global Safety Prefilled Syringe System Market
- North America is expected to account for a major share of the global safety prefilled syringe system market due to the presence of key market players in the region. Moreover, early adoption of advanced technologies and high patient population are major factors that are likely to boost the market in the region.
- The safety prefilled syringe system market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to a rise in awareness about diabetes, cancer, etc. Moreover, a surge in the geriatric population coupled with chronic diseases is anticipated to drive the market in the region.
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Key Players Operating in Global Safety Prefilled Syringe System Market
The global safety prefilled syringe system market is highly concentrated due to the presence of key players. A large number of manufacturers hold major share in their respective regions. Demand for safety prefilled syringe system has increased in emerging as well as developed markets owing to a rise in prevalence of chronic diseases. Growth strategies adopted by leading players are likely to drive the global market.
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Major players operating in the global safety prefilled syringe system market are:
- SCHOTT AG
- Stevanato Group
- Catalent, Inc
- Gerresheimer AG
- Weigao group
- Keystone Folding Box Co.
- EMD Serono, Inc
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Global Safety Prefilled Syringe System Market, by System
- Dual Chamber
- Staked-in Needle Syringes
- Luer-cone Syringe
- Luer Lock Syringes
- Single Chamber
Global Safety Prefilled Syringe System Market, by Type
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