Dual Chamber Prefilled Syringes Market: Overview
Dual chamber prefilled syringes are extensively used in infusion therapy for dual purposes intravenous drug administration and flushing chambers. Existing patents allow for only sequential use. Evolving standards of care in infusion therapy have paved way for continuous design advances in vascular access device (VAD), with the safety and efficacy of dual chamber prefilled syringes garnering attention. Growing use of peripheral intravenous catheter (PIVC) in infusion therapy for administering drugs and blood products is a key trend bolstering the expansion opportunities for manufacturers in dual chamber prefilled syringes market. Key forms are liquid/liquid and liquid/powder. Key focus of manufacturers is to manage common catheter-related complications, reduce contamination risks, and also reduce procedural times. Expanding patents has led to improvements in the safety of dual chamber prefilled syringes.
Dual chamber prefilled syringes are used in a wide range of indications some of which are hemophilia, schizophrenia, endometriosis, erectile dysfunction, and diabetes. The study on the dual chamber prefilled syringes market makes a critical analysis of major product developments, research avenues, degree of concentration of key players, key forces of market, and supply and demand analysis. The various insights offer assessment of market opportunities in various end-use segments and their shares in the global dual chamber prefilled syringes market.
Dual Chamber Prefilled Syringes Market: Key Trends
The drive for improving the outcomes of intravenous therapeutics and flushing in infusion therapy is a key trend boosting the growth of the dual chamber prefilled syringes market. Over the past years, there has been substantial rise in number of patients with PIVC experiencing catheter-related complications, phlebitis, and bloodstream infections. Updating of guidelines and standards of care have helped in the evolution of the dual chamber prefilled syringes market. However, the rate of launch of such syringes is relatively low. Particularly, industry players are expected to benefit from the need to develop syringes that allow sequential use of the flushing chamber for pre- and post-intravenous procedure.
Also, the literature lacks due to which there is lack of definite information to healthcare professionals and providers. Further, there is an urgent need for making the technology cost-effective for adoption. Nevertheless, strides made in biopharmaceutical industry are bolstering the growth of the dual chamber prefilled syringes market.
Dual Chamber Prefilled Syringes Market: Competitive Analysis and Key Developments
A number of clinical studies have been done with an aim to test the advantage of dula chamber prefilled syringes over classic syringes in peripheral intravenous drug administration and catheter flushing. One such study was performed by researchers from Portugal. As many 146 adult patients were part of multi-center, two-arm randomized controlled trials. The aim of the study was to develop guidelines for nurses handling intravenous procedures. The effectiveness and safety was thoroughly tested. The incidence of nosocomial bacteraemia in PIVC was one of the several catheter-related complications that were tested. Such studies will help develop inexpensive devices in the dual chamber prefilled syringes. A number of manufacturers are testing new materials in the making of the syringes, most prominent of which is glass.
Dual Chamber Prefilled Syringes Market: Regional Assessment
Some of the key regions in the dual chamber prefilled syringes market are North America, Asia, and Europe. North America and Europe are promising markets. A large part of the demand comes from clinical role of these syringes in managing patients with hemophilia. North America has been a substantially lucrative market, with manufacturers expanding their production capacities. Rise in awareness about catheter-related infections in the healthcare systems in Asia is also fueling the avenues for manufacturers in the dual chamber prefilled syringes market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.