Key Drivers and Opportunities of Global Safety Prefilled Syringe System Market
- Benefits offered by safety prefilled syringes, such as more cost-effective processing, ease of use, and elimination of dosing error, and new innovations are major factors that are estimated to propel the market. Moreover, a surge in use of disposable syringes and increasing realization that convenience of delivery systems and speed of use are fueling the demand for safety pre-filled syringes in the medical field and subsequently, driving the market.
- Increased focus on research and development to place greater number of new drugs in safety prefilled syringes by key players is a key factor propelling the market. Rise in number of injectable products that can be self-administered at home boosts the use of products and consequently, boosts the market.
- Increase in prevalence and incidence of chronic diseases such as cancer and diabetes due to sedentary lifestyle is fueling the market. For instance, according to World Health Organization (WHO), in 2018, cancer burden is estimated to have risen to 18.1 million new cases and 9.6 million deaths globally. As per the article published in Diabetes Research and Clinical Practice, estimated prevalence of diabetes globally is likely to increase to 10.2% (578 million) by 2030 and 10.9% (700 million) by 2045. Prevalence of diabetes is higher in urban areas, as compared to that in rural areas.
- Government initiatives to improve healthcare infrastructure and rise in awareness regarding chronic diseases offer significant opportunities for the market across the globe. Moreover, a surge in the adoption of advanced technologies is also likely to provide opportunity for the market.
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North America to Hold Major Share of Global Safety Prefilled Syringe System Market
- North America is expected to account for a major share of the global safety prefilled syringe system market due to the presence of key market players in the region. Moreover, early adoption of advanced technologies and high patient population are major factors that are likely to boost the market in the region.
- The safety prefilled syringe system market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to a rise in awareness about diabetes, cancer, etc. Moreover, a surge in the geriatric population coupled with chronic diseases is anticipated to drive the market in the region.
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Key Players Operating in Global Safety Prefilled Syringe System Market
The global safety prefilled syringe system market is highly concentrated due to the presence of key players. A large number of manufacturers hold major share in their respective regions. Demand for safety prefilled syringe system has increased in emerging as well as developed markets owing to a rise in prevalence of chronic diseases. Growth strategies adopted by leading players are likely to drive the global market.
Major players operating in the global safety prefilled syringe system market are:
- SCHOTT AG
- Stevanato Group
- Catalent, Inc
- Gerresheimer AG
- Weigao group
- Keystone Folding Box Co.
- EMD Serono, Inc
Global Safety Prefilled Syringe System Market: Research Scope
Global Safety Prefilled Syringe System Market, by System
- Dual Chamber
- Staked-in Needle Syringes
- Luer-cone Syringe
- Luer Lock Syringes
- Single Chamber
Global Safety Prefilled Syringe System Market, by Type
Global Safety Prefilled Syringe System Market, by Usability
- Single Use
Global Safety Prefilled Syringe System Market, by Application
- Hormonal Disorders
Global Safety Prefilled Syringe System Market, by End-user
- Hospitals & Specialty Clinics
- Laboratories & Diagnostics Centers
- Home Care
Global Safety Prefilled Syringe System Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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.