Pre-Filled Auto Injectors Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Title:
Pre-Filled Auto Injectors Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
As per the recent study by FutureWise Research on Prefilled Syringes Auto Injectors
Market, the global market is predicted to value over US$ 10 Bn by the end of the
assessment year 2026. Prefilled syringes are utilized to package a variety of
medications and drugs, such as vaccines, therapeutic proteins and insulin. In recent
years, prefilled syringes have gained colossal demand as it is affordable, accurate,
convenient and safe. Healthcare specialists benefit from precise, pre-measured
dosages, elimination of medication and dosage errors, and reduced risk of microbial
contamination.
Despite holding multiple benefits, factors such as high manufacturing cost of prefilled
syringes, storage difficulties, and stringent norms set by government authorities may
hinder the growth of the market. Nonetheless, manufacturers should focus on
technological improvements and innovations, and catering to the unmet demand for
specific syringes as these are the key market growth aspects
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Owing to the rising incidences of chronic diseases globally, healthcare professionals
are exploring seeking alternate methods for patient care. As per the Centres for
Disease Control and Prevention in 2014, approximately 29.1 million people in the
United States were suffering from diabetes, which is 9.3% of the total population.
Patients suffering from Type 1 diabetes are advised to undergo periodic intravenous
administration of insulin to control their sugar levels inefficiency in natural insulin
production. Prefilled syringes assist in self-administration of these drugs by making
the treatment affordable, feasible and precise. Due to the rising incidents of chronic
diseases in North America, the market displays notable growth.
APEJ region is poised to exhibit growing inclination towards injectable drug delivery
systems. The growing ageing population in countries such as India and China, and
increasing initiatives in the pharmaceutical industry, is surging the demand for
prefilled syringes to treat diabetes and other autoimmune diseases.
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Further Significant Highlights:
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Glass prefilled syringes are forecasted to account for the largest market share.
The growth of this segment can be associated with the soaring use of glass in
manufacturing syringes due to its resistance towards chemical and heat, and
nonreactive nature.
Single-chamber prefilled syringes are poised to dominate the market owing to
the growing adoption of self-administered parenteral drugs
The market for prefilled syringe manufacturing is concentrated; nevertheless,
innovative technologies in packaging material contributed by new players can
be adapted to manufacture auto-injectors
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As per the recent study by FutureWise Research on Prefilled Syringes Auto Injectors Market, the global market is predicted to value over US$ 10 Bn by the end of the assessment year 2026. Prefilled syringes are utilized to package a variety of medications and drugs, such as vaccines, therapeutic proteins and insulin. In recent years, prefilled syringes have gained colossal demand as it is affordable, accurate, convenient and safe.