Companies Must Invest Heavily in Biotech to Remain Competitive in Prefilled

Syringes Market, States Fairfield Market Research

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.

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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.

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.

Browse Our Latest Reports: https://www.fairfieldmarketresearch.com/shop/ 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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