The Pre Filled Saline Syringe Market is expected to grow by leaps and bounds in the forecast period. Nanotechnology’s medical application is on the anvil. As such, nanomedicine is an outcome of the technology operating at the molecular, atomic, or supramolecular scale. The broad application areas of nanomedicine include sensing, imaging, diagnosis, and delivery via medical devices. This would certainly keep the healthcare vertical upgraded continuously.
Pre-filled saline syringes are designed to prevent solution from reentering into non-sterile portion of the syringe and help to reduce contamination. These syringes are manufactured according to ISMP medication labeling and they help to reduce medication errors.
Medication error is the failure in the treatment due to under prescribing, irrational and inappropriate prescribing, or over prescribing of the medication. Sometimes, medication errors also occur due to contamination, adulteration, wrong packaging or erroneous adulteration.
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All the pre-filled saline syringes are single-use devices and are not provided with any kind of preservatives. This attempt is used to save time and money of the end users and they are also incorporated with two sterilization processes, i.e., terminal sterilization and aseptic sterilization. These sterilization processes are to ensure the product safety from contaminations.
Prefilled syringes saline delivery is convenient for patient, who need parenteral administration on daily or weekly basis and long-term treatment. The demand for prefilled syringes is increasing as it is designed in accordance with patient acceptance and compliance. Technological advancements have made injections more user friendly and convenient to perform.
This has motivated patients & physicians to adopt prefilled syringes in chronic illness, and other lifestyle-related diseases. Prefilled syringes are mostly single use, disposable with extra layer of protection, so it is costly and prevents counterfeit. It is difficult to gain access to the primary packaging without destroying the device because of tamper-evident packaging.
According to the WHO estimates, about 30% of drugs sold in developing countries, and in some parts of Asia, Africa and Latin America are fraudulent pharmaceuticals. Packaging technology for prefilled syringe is rapidly evolving with new polymers that are less prone to extractable and leachable and which provide better protection of drugs.
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According to the OECD Health at a Glance 2017, the healthcare spending in OECD was about US$ 4000 per person, whereas the U.S. spending accounted for almost US$ 10,000 per person. Other factors such as availability of well-developed manufacturing infrastructure and low-cost labor associated with manufacturing of prefilled syringes have shifted the trend of outsourcing empty prefilled syringes manufacturing to in-house prefilled syringes manufacturing.
This strategy have enabled the companies to increase their profitability in the market. In June 2013, Roselabs Biosciences opened Rupees 400 cr pre-filled syringes unit in Ahmedabad to manufacture empty PFS.
However, continuing growth of homecare settings to reduce the hospitals stay is expected boost the growth of the pre-filled saline syringe market. Further, rising awareness among the end users to increase the patient compliance is expected to boost the growth of the prefilled saline syringes market.
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Competition Outlook
Examples of some of the players identified in the global pre-filled saline syringe market are Becton, Dickinson and Company, Cardinal Health, MedXL Inc., Guerbet SA, etc. Increasing focus on growing demand for efficient saline delivery in various developed countries is expected to fuel the need for efficient advanced medical equipment.
The prefilled syringes reduce dosing errors, increase patient compliance, increase dosing accuracy, convenience, safety and reduce the time of stays in healthcare centers. Increasing government funding for research in advanced medical treatment and target-specific delivery with concern to safety of patients is expected to drive the revenue growth of global prefilled saline syringes market.
- Becton, Dickinson and Company
- Cardinal Health
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