Ampoules and Syringes Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast

Posted 2 years ago in TECHNOLOGY.

Ampoules and Syringes Market Grappling with Demand, Price Hikes, Supply Challenges and Forecasts

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Ampoules and Syringes Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast

Introduction

The global ampoule and syringes market demonstrates a highly dynamic and competitive landscape, finds a new research report by Transparency market Research (TMR). The market has been largely dominated by Becton, Dickinson and Co., Gerresheimer AG, West Pharmaceuticals, Schott AG, and Nipro Corp., which collectively, held a share of nearly 77% in the overall market in 2015.

Hitherto, these companies have been concentrating on making heavy investments in R&D activities; however, their focus is likely to shift towards constructing manufacturing facilities in high growth regions, such as India and China in the near future. Apart from this. Strategic alliance with leading regional participants will be another key focus area for these players over the next few years, states the research report.

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Increasing Trend of Home Healthcare to Influence Demand for Ampoules and Syringes

“The substantial rise in the geriatric population suffering from various chronic diseases, together with the lower cost of progression-free survival (PFS) compared to hospitals or ambulatory service centers (ASCs) care, has augmented the trend of home healthcare, which is the main factor behind the growth of the ampoules and syringes market,” says an analyst at TMR. As syringes ensure deliver precise dosages, helping patients self-administer the medicine without any formal medical training, their usage in home healthcare and point-of-care administration has increased significantly. In addition to this, with considerable advancements in the biologics and biosimilars market, the demand for ampoules and prefilled syringes is expected to increase remarkably over the forecast period.

On the FLIP SIDE, the increasing product recalls due to breakages and leachables and the high cost associated with the temperature-controlled packaging needed for temperature-sensitive drugs may hamper the growth of this market to some extent in the near future, states the report.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Ampoules and Syringes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024.”

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The global ampoules and syringes market are segmented as follows

By Ampoules Product Type

  • Glass Ampoules
    • Type I
    • Type II
    • Type III
  • Plastic Ampoules
    • PVC
    • Polyethylene
    • Polypropylene
    • Others (PET, EVA, Polycarbonate)
  • Cyclic olefin copolymers (COC)
  • Cyclic olefin polymers (COP)

By Syringes Product Type

  • Glass Syringes
  • Polymer Syringes
    • Cyclic olefin copolymers (COC)
    • Cyclic olefin polymers (COP)
    • PP and others

By Region

  • NAFTA
  • EMEA
  • APAC
  • Rest of World

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