Fact.MR – A Market Research and Competitive Intelligence Provider: The global dual chamber prefilled syringes market is projected to grow at a CAGR of 8.7% during the forecast period, 2017 to 2026, according to a new study of Fact.MR.
5 Key Research Findings from Fact.MR’s Report on Dual Chamber Prefilled Syringes Market By 2026
Dual Chamber Prefilled Syringes Market Analysis by Product Type (Conventional, Safety Prefilled Syringes), by Product Material (Glass, Plastic), by Sales Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), by Region - Global Forecast 2017-2026
Fact.MR – A Market Research and Competitive Intelligence Provider: The global dual chamber prefilled syringes market is projected to grow at a CAGR of 8.7% during the forecast period, 2017 to 2026, according to a new study of Fact.MR. Roughly US$ 3,300 Mn worth of dual chamber prefilled syringes are likely to be sold across the globe by 2026-end.
With lyophilized drugs witnessing proliferated penetration, demand for dual chamber prefilled syringes will gain a significant upsurge in the foreseeable future.
With trends of surging demand for self-injection syringes, and the development of advanced dual chamber prefilled syringes, major players in the market have directed their concentration toward product portfolio expansion.
Safety prefilled syringes are expected to record a comparatively faster sales expansion through 2026, mainly driven by growing focus of manufacturers in introducing technologically advanced and safe & efficient drug delivering prefilled syringes for minimizing risk to patients.
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5 Key Takeaways from Fact.MR’s Report on Dual Chamber Prefilled Syringes Market for Forecast Period 2017-2026
- Sales of dual chamber prefilled syringes are expected to record the fastest expansion in online pharmacies through 2026, trailed by retail pharmacies that will account for a relatively larger market revenue share than online pharmacies by 2026-end.
- In terms of revenues, hospital pharmacies will continue to be the leading contributor to the global dual chamber prefilled syringes market.
- Based on product material, glass prefilled syringes are anticipated to remain sought-after in the market, with sales projected to exceed US$ 2,000 Million in revenues by 2026-end. Plastic prefilled syringes will exhibit a relatively higher CAGR in the market through 2026.
- On the basis of product type, conventional prefilled syringes are expected to account for the lion’s share of the market during 2017 to 2026. Safety prefilled syringes will account for nearly 30% revenue share of the market through the forecast period.
- North America is likely to prevail as the fast-expanding as well as the most lucrative market for dual chamber prefilled syringes, followed by Europe. Asia-Pacific excluding Japan (APEJ) will also account for a major chunk of the market’s revenue share during the forecast period.
Impact of COVID-19 on Double Chamber Prefilled Syringes Market
The COVID-19 outbreak had a significant impact on the market for Double Chamber Prefilled Syringes. During the pandemic, there was a considerable rise in the use of Double Chamber Prefilled Syringes, because of an increase in drug delivery for treating millions of people suffering from covid-19. The demand for Double Chamber Prefilled Syringes increased significantly after the vaccines were developed as billions were vaccinated with the use of these syringes.
In this rapidly evolving and highly competitive market, several players are emphasizing on essentiality of the up-to-date information, in a bid to monitor their performance and make critical decisions apropos to profitability & growth. Few market players are also focusing on improvements in design of the dual chamber prefilled syringes in order to enhance the stability as well as safety of various sensitive drugs.
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Competition Tracking
With trend toward surging adoption of self-injection syringes, and development of technologically advanced dual chamber prefilled syringes, leading players in the market are concentrating on expansion of their product portfolio and the market reach.
In this highly competitive and rapidly evolving market, players are emphasizing on the essentiality of up-to-date information for monitoring their performance and making critical decisions regarding profitability & growth.
Some players in the market are also focusing on making improvements in design of dual chamber prefilled syringes for improving stability and safety of sensitive drugs.
Fact.MR’s report has listed key players augmenting the market expansion, which include
- Bespak Europe Ltd
- Catalent, Inc.
- Credence MedSystems Inc.
- Otsuka America Pharmaceutical Inc.
- Schott AG
- West Pharmaceutical Services Inc.
- Ypsomed Holding AG
- Gerresheimer AG
- Vetter Pharma-Fertigung GmbH & Co. KG
- Nipro Corporation
- Boehringer Ingelheim GmbH
- Amgen Inc.
- Pfizer Inc
Market Taxonomy
Product Type -
- Conventional Prefilled Syringes
- Safety Prefilled Syringes
Product Material -
- Glass Prefilled Syringes
- Plastic Prefilled Syringes
Sales Channel -
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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