“Pre-Filled Device Manufacturing market set to grow to $7.5bn by 2022” says new visiongain report
13 November 2018
Visiongain has launched a new pharma report Top Pre-Filled Injection Device Manufacturers 2018-2028: Profiles, R&D and Revenue Forecasting for Leading Syringe, Injector and Component Producers and Contract Filling Services.
Pre-filled syringes provide users with a number of advantages over other drug delivery systems. These include simplified storage and disposal, shorter preparation and administration time and reduced risk of medication errors. For drug manufacturers, there are also numerous advantages to pre-filled syringes. Filling syringes rather than vials cuts overfill rates, reducing wastage, and also eliminates material costs as there is no need for vials as well as syringes. However, challenges still exist in the use of pre-filled syringes. These include the administration of high viscosity drugs, including some biologics, as well as larger injection volumes. This growing market will be led by pharmaceutical and biotechnology companies looking to differentiate their novel therapies while meeting the requirements for patient self-administration and increasingly stringent safety legislation.
The lead analyst of the report commented "The pharmaceutical industry will shift towards novel biotech medicines that will need injectable delivery systems and this will increase demand for pre-filled syringe systems. Companies that have a broader range of platforms to accommodate differing needs will be better-placed to respond to this demand. Increased interest in biosimilars will also drive growth in the pre-filled injection device market."
Leading companies featured in the report include Aptar Stelmi, Becton, Dickinson, & Co (BD), Bespak Injectables, Boehringer Ingelheim, Catalent, Dätwyler Holding, Gerresheimer, Haselmeier, Laboratorios Farmacéuticos ROVI and others.
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