Boston, MA -- (SBWIRE) -- 12/17/2015 -- Technavios research analyst predicts the global prefilled syringe packaging market to grow at a CAGR of around 12% by 2020. The prefilled syringes are gaining popularity over parenteral drug delivery routes because of their high affordability, accuracy, and safety. Also, the ability of such syringes to reduce drug wastage, increase the useful drug lifespan, and increase the vendor's market footprint will result in the growth of the market.

The augmented use of disposable medical products is the key driver for the growth of this market. Recently, it has been observed that many healthcare facilities prefer using disposable products as it reduces the risk of cross-contamination. This rise in the use of disposable products will lead to the augmented demand for plastics as a packaging material due to its cost-effectiveness when compared to glass and metallic materials.

Segmentation by material type and analysis of the prefilled syringe packaging market

Get More Details on this Report and a Full Table of Contents at Global Prefilled Syringe Packaging Market 2016-2020

-Glass
-Plastic

Though the glass prefilled syringes segment dominates this market in terms of total market shares, the plastic prefilled syringes segment will experience rapid growth during the forecast period. Since these syringes are break resistant and have the ability to protect drugs from moisture, their augmented adoption by healthcare facilities will lead to market growth during the estimated period.

Application-based segmentation of the prefilled syringe packaging market

-Vaccines
-Antithrombotic drugs

Technavio market research analysts estimate the vaccines packaging segment to account for more than 58% of the total market share by the end of 2020. The ability of prefilled vaccine syringes to meet the needs to healthcare facilities, such as reducing wastage, decreasing the time for drug administration, and reducing the risks of errors and contamination, will foster its adoption for vaccination purposes during the forecast period.

Competitive landscape and key vendors

The global prefilled syringe packaging market is fragmented owing to the presence of several multinational, regional, and local vendors. The smaller and local vendors compete with the multinational vendors in terms of cost, as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings.

The leading vendors in the market are -

-Baxter
-Becton Dickinson
-Gerresheimer
-Nipro
-Schott

The other prominent vendors in the market include Bespak, Bosch Packaging, Catalent, Ciron Groups, Corden Pharma, Health Biotech, MedXL, Novalek Pharmaceuticals, Stevanato Group, Troikaa, Unilife Vetter Pharma, West Pharmaceutical Services, and Ypsomed Holding.

Key questions answered in the report include

-What will the market size and the growth rate be in 2020
-What are the key factors driving the global prefilled syringe packaging market
-What are the key market trends impacting the growth of the global prefilled syringe packaging market
-What are the challenges to market growth
-Who are the key vendors in this market space
-What are the market opportunities and threats faced by the vendors in the global prefilled syringe packaging market
-Trending factors influencing the market shares of the North America, APAC, Europe, and ROW.
-What are the key outcomes of the five forces analysis of the global prefilled syringe packaging market

Technavio also offers customization on reports based on specific client requirement.

Related reports:

-Global Anti-counterfeit Packaging Market 2015-2019
-Aseptic Packaging Market in Americas 2015-2019
-Global Biopharma Cold Chain Packaging Market 2015-2019

Companies Mentioned in this Report: Baxter, Becton Dickinson, Gerresheimer, Nipro, Schott, Bespak, Bosch Packaging, Catalent, Ciron Groups, Corden Pharma, Health Biotech, MedXL, Novalek Pharmaceuticals, Stevanato Group, Troikaa, Unilife Vetter Pharma, West Pharmaceutical Services, Ypsomed Holding.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Healthcare research reports at Fast Market Research

You may also be interested in these related reports:

-Global Ambient Food Packaging Market 2015-2019
-Global Household Care Packaging Market 2015-2019
-Global Paper and Paperboard Container and Packaging Market 2015-2019
-Global Pharmaceutical Packaging Market 2015-2019
-Global Flexible Packaging Market 2015-2019