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Press Release

Global Demand for Prefillable Syringes will Increase 9% Per Year Through 2021

The Freedonia Group
Posted on: 17 Jul 18
Global Demand for Prefillable Syringes will Increase 9% Per Year Through 2021 Prefillable syringes will remain the fastest growing primary pharmaceutical container type

PR Newswire

CLEVELAND, July 17, 2018

CLEVELAND, July 17, 2018 /PRNewswire/ -- Global demand for prefillable syringes is forecast to rise 9.0% annually to $7.9 billion in 2021, expanding to 7% of total pharmaceutical packaging sales. Expanding applications in the administration of critical care, emergency, and self-injectable parenteral medication will promote gains, while advances in biotechnology, nanotechnology, and other advanced drug delivery technologies will increase the range of pharmaceuticals adaptable to prefillable syringe packaging. These and other trends are presented in Global Pharmaceutical Packaging, 12th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-pharmaceutical-packaging-by-product-and-region-12th-edition-3591.htm

Disposable injectors will make up the largest share of prefillable syringe demand, accounting for 73% in 2021. Disposable injectors remain popular, as they enable medical professionals to provide drug therapy quickly in life-threatening and other emergency situations, and eliminate cross contamination risks associated with preparing injections from vials and ampuls.

Global demand for all pharmaceutical packaging is anticipated to increase 6.0% per year to $112 billion in 2021, similar to its 2011-2016 performance. Rising levels of acute and chronic conditions and trends promoting preventive medicine and self-treatment activities will support demand.

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Packaging studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

View original content with multimedia:http://www.prnewswire.com/news-releases/global-demand-for-prefillable-syringes-will-increase-9-per-year-through-2021-300679377.html

SOURCE The Freedonia Group

PR Newswire
www.prnewswire.com

Last updated on: 17/07/2018

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