Asia-Pacific Prefilled Syringes Market

Asia-Pacific Prefilled Syringes Market Size is projected to reach a market value of USD 0.93
Billion by 2023.
Overview:
In the year 2018, Asia-Pacific Prefilled Syringes Market was valued at USD 0.64 Billion. By the
year 2023, it is expected to reach USD 0.93 Billion at pace of 7.95% CAGR.
Pre-filled syringe is filled with a fixed amount of a therapeutic drug. These are innovative
devices used to deliver drugs with greater accuracy, efficiency, affordability, sterility, comfort,
accessibility and safety. Pre-filled syringes are more beneficial than traditional methods of drug
delivery. Some of the drug classes packaged in pre-filled syringes are therapeutic proteins,
interferons, vaccines, blood stimulants and erythroproteins.
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Underlying Causes
The growth for Asia-Pacific Prefilled Syringes Market is driven due to factors like rising demand
for efficient and easy-to-use drug delivery devices, increasing prevalence of chronic diseases,
growing awareness about prefilled syringes among people, and increasing aging population. In
addition, technological advancements in medical sector, introduction of safer and convenient
self-injections and increasing investment for R&D activities by private organizations are
expected to drive the market growth. However, high cost of packaging associated with a variety
of temperature-sensitive medications and drugs, and stringent government policies are
expected to hinder the growth rate for Asia-Pacific Prefilled Syringes Market during the forecast
period.
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Geographic Segmentation:
Based on geography the Asia-Pacific Prefilled Syringes Market has been primarily divided into
China, India, South Korea, Japan and Australia. Japan holds the largest market share in the
Prefilled Syringes Market followed by Indian and China during the forecast period.
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Key Players:
Leading companies for Asia-Pacific Prefilled Syringes Market are Agfa HealthCare, Medviso AB,
Aquilab, Bruker Corporation, Carestream Health Inc., Esaote S.p.A, GE Healthcare, Spacelabs
Healthcare, Merge Healthcare Inc., Xinapse Systems Ltd., MIM Software Inc., Philips Healthcare,
Claron Technologies, Siemens Healthcare, and Toshiba Medical Systems Corporation.
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