Middle East And Africa Prefilled Syringes Market Analysis Report 2021
The Middle East and Africa Prefilled Syringes Market was worth $0.3 billion in 2017 and estimated to be growing at a CAGR of 40%, to reach $1.51 billion by 2022
(EMAILWIRE.COM, May 04, 2018 ) The prefilled syringes are one amongst the quickest growing selections for the unit dose delivery and have emerged joined of the foremost convenient ways that of drug delivery technique within the recent years. The in depth use of prefilled syringes has enabled the pharmaceutical corporations to attenuate drug-wastage and increase the life-span of the merchandise at identical time. The plastic disposable syringes have created a revolution in the attention market that has been increased by the introduction of sterile prefilled syringes that permits safe self-administration of injectable medicine to patients sitting reception while not a necessity to go to hospitals.
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The Middle East and Africa Prefilled Syringes Market is estimated to have a value of USD 0.3 billion in 2017. With a CAGR of 40%, the market size is expected to grow rapidly to cross USD 1.51 billion by 2022. Initiatives were taken by major players in the market in fitting production facilities in each emerging and mature markets to increase the market size in the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/middle-east-africa-prefilled-syringes-market-3186/
Drivers and Restraints
According to Centers for Disease Control and Prevention (CDC), 2014, around 5.2 million folks in the Middle East and Africa were affected by polygenic disease, accounting for 2.3% of the whole population. These figures counsel the requirement for the event of the technology for the cure and hindrance of the diseases. According to National Center for Biotechnology info (NCBI), 25% of expenditure on medicine goes unused and wasted across the globe whereas 3-7% of medicines supposed towards patients goes unused. These huge revenues might be directed during a helpful approach with the utilization of prefilled syringes in the market that permits to boost the time period of the medicine further as avoids wastage of medication because the syringes are full of precise volume and concentration of the drug which will deliver optimum results. Prefilled syringes create a profitable deal for the pharmaceutical corporations too, as these corporations may be benefitted from the less over-fill of medication as compared to the vials that serve to be a vital advantage, notably just in case of pricey biopharmaceuticals.
The impact of the driving factors is anticipated to surpass the result of restraints. Moreover, the technological advancements resulting in higher adoption rate and untapped markets within the developing countries are expected to produce new avenues for the expansion of prefilled syringes market in the close to future.
Get your customized report: https://www.marketdataforecast.com/market-reports/middle-east-africa-prefilled-syringes-market-3186/customize-report
Regional Overview
The Middle East and Africa Prefilled Syringes Market is showing consistent growth in the past few years and is expected to grow at a tremendous CAGR in the forecast period. Increasing awareness among people towards health and hygiene, increasing funds, advancements in technology are the reasons that are going to increase its market size.
The major market contributors for the Prefilled Syringes Market are Becton, Dickinson and Company (U.S.), Gerresheimer AG (Germany), SCHOTT AG (Germany), West Pharmaceutical Services, Inc. (U.S.), Ompi (Italy), Catalent, Inc. (U.S.), Weigao Group (China), Vetter Pharma International GmbH (Germany), Nipro Corporation (Japan), and MedPro Inc. (U.S.)
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
View sample and decide: https://www.marketdataforecast.com/market-reports/middle-east-africa-prefilled-syringes-market-3186/request-sample
The Middle East and Africa Prefilled Syringes Market is estimated to have a value of USD 0.3 billion in 2017. With a CAGR of 40%, the market size is expected to grow rapidly to cross USD 1.51 billion by 2022. Initiatives were taken by major players in the market in fitting production facilities in each emerging and mature markets to increase the market size in the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/middle-east-africa-prefilled-syringes-market-3186/
Drivers and Restraints
According to Centers for Disease Control and Prevention (CDC), 2014, around 5.2 million folks in the Middle East and Africa were affected by polygenic disease, accounting for 2.3% of the whole population. These figures counsel the requirement for the event of the technology for the cure and hindrance of the diseases. According to National Center for Biotechnology info (NCBI), 25% of expenditure on medicine goes unused and wasted across the globe whereas 3-7% of medicines supposed towards patients goes unused. These huge revenues might be directed during a helpful approach with the utilization of prefilled syringes in the market that permits to boost the time period of the medicine further as avoids wastage of medication because the syringes are full of precise volume and concentration of the drug which will deliver optimum results. Prefilled syringes create a profitable deal for the pharmaceutical corporations too, as these corporations may be benefitted from the less over-fill of medication as compared to the vials that serve to be a vital advantage, notably just in case of pricey biopharmaceuticals.
The impact of the driving factors is anticipated to surpass the result of restraints. Moreover, the technological advancements resulting in higher adoption rate and untapped markets within the developing countries are expected to produce new avenues for the expansion of prefilled syringes market in the close to future.
Get your customized report: https://www.marketdataforecast.com/market-reports/middle-east-africa-prefilled-syringes-market-3186/customize-report
Regional Overview
The Middle East and Africa Prefilled Syringes Market is showing consistent growth in the past few years and is expected to grow at a tremendous CAGR in the forecast period. Increasing awareness among people towards health and hygiene, increasing funds, advancements in technology are the reasons that are going to increase its market size.
The major market contributors for the Prefilled Syringes Market are Becton, Dickinson and Company (U.S.), Gerresheimer AG (Germany), SCHOTT AG (Germany), West Pharmaceutical Services, Inc. (U.S.), Ompi (Italy), Catalent, Inc. (U.S.), Weigao Group (China), Vetter Pharma International GmbH (Germany), Nipro Corporation (Japan), and MedPro Inc. (U.S.)
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results