Small Molecule Prefilled Syringes Market Analysis | CMI

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SMALL MOLECULE PREFILLED SYRINGES MARKET ANALYSIS

• Small Molecule Prefilled Syringes Market, by Drug
  Class (Cardiovascular Drugs, Neurology Drugs,
  Analgesics, Adjuvants, and Others), By Material
  (Glass, and Plastic Polymer) and Region -
  Global Trends and Forecast to 2025
• The global small molecule prefilled syringes
  market was valued at US 13,749.4 million in 2016
  and is expected to witness a robust CAGR of 4.6
  over the forecast period (20172025).

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Market Drivers

• Development of technologically advanced prefilled
  syringes is expected to boost demand for Small
  Molecule Prefilled Syringes
• Manufacturers are engaged in development of dual
  or multi-chambered prefilled syringes (AL
  Biosciences, Inc. manufacturers multi-chambered
  prefilled syringe), which have various
  applications in areas such as reconstituted drugs
  and other potent drugs (for instant therapeutic
  action). These also offer convenience to end
  users. Furthermore, technological advancements in
  design and manufacturing of prefilled syringes
  have also aided pharmaceutical players to
  commercialize various drugs into prefilled dosage
  forms such as Penicillin. Several pharmaceutical
  players have developed prefilled syringes
  containing active pharmaceutical ingredients,
  which has aided these players in increasing their
  revenues. For instance, Teva Pharmaceutical
  Industries Ltd. earned significant revenues from
  the sale of its drug Copaxone in 2016, which
  comes in a prefilled syringe. Manufacturers of
  prefilled syringe have developed innovative
  prefilled syringes and dual- and multi-chambered
  syringes for sensitive drugs to avoid reactions.
  The drug chamber is separated with diluent
  chamber with a barrel in between the two chambers
  and the barrel serves as a barrier between two
  chambers. For instance, Pfizer, Inc. has iSecure
  one piece prefilled syringe without needle.
  iSecure is a one- piece, needle-free technology
  which helps in minimizing needle-stick injuries.

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Figure 1. Global Small Molecule Prefilled
Syringes Market Share (), by Material Type 2017
and 2025
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• Increasing adoption of self-injection devices is
  expected to foster growth of the small molecule
  prefilled syringes market
• Effectiveness of drug delivery mainly depends on
  route of administration. Parenteral are highly
  preferred and commonly used route of drug
  administration. The recent past has witnessed
  significant growth in advanced drug delivery
  devices, due to development and easy availability
  of parenteral drugs. Main benefits of prefilled
  syringes over conventional drug delivery systems
  is improved product safety, self-administration,
  accurate dosing, and low chances of drug
  contamination. Self-injection advantage of
  prefilled syringes is a major factor for
  increasing adoption of these, thus aiding in
  growth of the prefilled syringe market globally.
  Apart from these aforementioned benefits,
  dual-chamber prefilled syringe may be useful with
  reconstituted drugs, which would help in avoiding
  wastage of drugs and overdose. Major
  pharmaceutical companies are focusing on
  advancing the use of self-administration devices
  globally. In 2015, SCHOTT launched a prefillable
  syringe designSCHOTT TopPac. These SD polymer
  prefillable syringes minimize the risk between
  sensitive drugs and packaging container.

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Market Restraints

• However, factors such as complex manufacturing
  process, high costs, and requirement of high
  quality of these products (responsible for high
  costs) are expected to hinder growth of the
  market over the forecast period.

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Key Players

• Some major players operating in the small
  molecule prefilled syringes market include
  Pfizer, Inc., Sanofi S.A., Mylan N.V., Teva
  Pharmaceutical Industries Ltd., Becton, Dickinson
  and Company, and Fresenius Kabi AG.

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