Highest Growth Expected in Dual Chamber Prefilled Syringes Market


Posted June 3, 2024 by nishantcmi

Dual Chamber prefilled syringes are injection devices containing two separate medicaments which are kept separated until the point of injection
 
Dual Chamber prefilled syringes are injection devices containing two separate medicaments which are kept separated until the point of injection, allowing combined administration of the two components. They are primarily used for reconstitution and administration of lyophilized drugs as well as co-formulated drugs which are incompatible when mixed. Dual chamber prefilled syringes offer benefits such as controlled drug delivery, prevention of drug and formulation instability issues, simplified delivery and administration process. Rising prevalence of chronic diseases such as diabetes, cancer and auto-immune disorders has increased the demand for biologics and specialty drugs administered via prefilled syringes.
Global dual chamber prefilled syringes market is estimated to be valued at US$ 171.8 Mn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period from 2024 to 2031.

Key Takeaways
Rising prevalence of chronic diseases along with growing geriatric population globally is a major factor fueling the demand for biologics and specialty drugs which require administration via prefilled syringes. Dual Chamber Prefilled Syringes Market Size provide simplified and controlled co-delivery of such injectable drug combinations.

Key players operating in the dual chamber prefilled syringes market are Pfizer Inc., NIPRO PHARMA CORPORATION, Gerresheimer AG, Vetter Pharma, Credence MedSystems, Inc., ARTE Corporation, BD, MAEDA INDUSTRY Co., Ltd., Bayer, Stevanato Group, Elcam Drug Delivery Devices, SCHOTT Pharma, OndrugDelivery Ltd, Catalent, Inc, Dätwyler Holding Inc.
The key players are focusing on new product launches and expansion of manufacturing facilities to cater to the growing demand.

Advancements in materials and design of dual chamber prefilled syringes have improved stability, safety and usability of such devices. Adoption of new technologies such as laser cutting, insert molding is enhancing productivity and sterilization capabilities of prefilled syringe manufacturing.

Market Trends

- Increasing demand for home healthcare and self-injection devices: Growing preference for home healthcare is boosting the adoption of easy-to-use prefilled syringes including dual chamber devices for self-administration of medicines.

- Rise in biologics and specialty drugs: Increasing pipeline and launches of biologics and specialty drugs administered via injectables is a key growth driver for dual chamber prefilled syringes market.

Market Opportunities

- Expanding into developing markets: Emerging countries in Asia Pacific and Latin America offer high market potential for cost-effective dual chamber prefilled syringes with rising healthcare investments and disease burden.

- New products with enhanced features: Opportunities exist for dual chamber devices integrated with smart sensors, connectivity options and user-friendly designs targeted for medications in large volume parenteral markets.

Impact of COVID-19 on Dual Chamber Prefilled Syringes Market

The COVID-19 pandemic has negatively impacted the growth of the dual chamber prefilled syringes market. Strict lockdowns and travel restrictions imposed worldwide disrupted the supply chain and production of medical devices including dual chamber prefilled syringes. There was a shortage of raw materials and components required for manufacturing dual chamber prefilled syringes. The demand from end-use healthcare sectors also reduced significantly during the peak of the pandemic.

However, with the rollout of vaccination programs, the demand is recovering fast. Manufacturers are focusing on ramping up production to fulfil the rising demand from pharmaceutical companies involved in developing COVID-19 vaccines as well as other essential medication requiring dual chamber prefilled syringes. The pandemic has highlighted the importance of developing therapies to address public health emergencies. This will further drive the growth of the market in the coming years. Companies are investing in innovative production technologies to ensure uninterrupted supply even during emergencies.

North America dominates the dual chamber prefilled syringes market in terms of value

North America accounted for the largest share of the global dual chamber prefilled syringes market in 2021. The region is home to some of the top pharmaceutical companies developing complex biologics that require dual chamber prefilled syringes for administration. Availability of state-of-the-art healthcare infrastructure and growing demand for self-injectable drug delivery systems are driving market growth. Moreover, presence of major players and adoption of advanced technologies by manufacturers in the region further support market expansion.

Asia Pacific exhibits the fastest growth in the dual chamber prefilled syringes market

The dual chamber prefilled syringes market in Asia Pacific is expected to witness the highest CAGR during the forecast period. Rapid economic development, increasing healthcare investments, rising patient awareness about new drug delivery methods, and improving accessibility are some key factors fueling market growth. In addition, growing geriatric population, developing biopharmaceutical industry and presence of top medical device manufacturers are boosting demand. China, India and Japan account for the majority share due to their large population base and growing medical needs. Manufacturers are shifting production facilities to the region to cater to the rising requirements.
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Issued By nishantcmi
Country India
Categories Health
Tags dual chamber prefilled syringes market , dual chamber prefilled syringes market forecast , coherent market insights
Last Updated June 3, 2024