New York, NY -- (SBWire) -- 05/06/2021 --Dual Chamber Prefilled Syringes Market Size – USD 130 million in 2020, Industry Growth – at a CAGR of 7%, Industry Trends –Increasing demand for advanced drugs supplying devices
The dual chamber prefilled syringes market is expected to be valued at USD 223.3 million by end of 2028 from a value of USD 130 million in 2020, expanding at a CAGR of 7% over the forecast period. Double-chamber syringes are designed as a drug and device combination product, which enables the reconstitution and administration of drugs in fixed doses. This growth of the market is attributable to the factors such as growing inclination toward lyophilized drugs, bio-based medicines across the globe, robust applications across administration of drugs, and demand for improved drug administration. Rising drugs administration activities along with growing adoption of dual chamber prefilled syringes for better administration is driving growth of its market.
Additionally, the rising government initiatives for penetration of dual chamber prefilled syringes in the form of regulatory norms to propel its adoption from end users such as hospitals and other home-based care facilities. These norms are fueling growth of the dual chamber prefilled syringes market. With use of such devices, the medical procedures save time of treatment and enhance comfort to end users including patients and caregivers are estimated to drive market growth over the forecast period.
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Leading Players Profiled in the Report Include:
Gerresheimer AG, Nipro Corporation, Credence Medsystems, Vetter Pharma, Arte Corporation, and MAEDA INDUSTRY.
Key Findings from the Report
One of the key players, Otsuka America Pharmaceutical Inc.is focusing on countries in the Asia Pacific to generate its business.
The hemophilia segment hold the largest share in the overall dual chamber prefilled syringes market in 2020 and is projected to hold significant share over the forecast period. The segmental growth is attributable to the robust number of patients suffering from the diseases across the globe.
The glass segment hold the largest share in the overall dual chamber prefilled syringes market in 2020 and is projected to hold significant share over the forecast period. This growth of the segment is attributable to the growing its demand owing to benefits offered by material such as non-reactivity to different drugs.
The North America is projected to hold largest share in the global dual chamber prefilled syringes market and to retain over the forecast period. This growth is attributable to the aging population, coupled with medical device manufacturing capacity. Additionally, the factors such as increased health awareness among consumers, affordability of consumers, and increased per capita spending in the region is driving growth of the regional market.
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For the purpose of this report, Reports and Data has segmented the global dual chamber prefilled syringes market on the basis of type, product, platform, end user, and region:
By Material
Glass
Plastic
By Application
Liquid/Powder
Liquid/Liquid
By Product
<1 ml
1 ml-2.5 ml
2.5 ml-5.0 ml
>5.0 ml
By Indication
Hemophilia
Schizophrenia
Diabetes
Erectile Dysfunction
Endometriosis
Others
By Region Outlook (Revenue, USD Billion; 2018-2028)
North America
U.S.
Canada
Europe
Germany
UK
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
MEA
Saudi Arabia
UAE
Rest of MEA
Latin America
Brazil
Rest of LATAM
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Dual Chamber Prefilled Syringes Market Segmentation & Impact Analysis
4.1. Dual Chamber Prefilled Syringes Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers' analysis
4.2.2.1. Growing biopharmaceutical industry
4.2.2.2. Growing demand for drug delivery devices for lyophilic drugs
4.2.2.3. Lesser risk of contamination
4.2.3. Market restraints analysis
4.2.3.1. High cost of Dual Chamber Prefilled Syringes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Continued…….
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Dual Chamber Prefilled Syringes Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2028
Growing demand for advanced devices to provide controlled drugs is a significant factor influencing growth of the market.