Prefilled Syringe Manufacturers are Actively Engaged in Developing Patient Friendly Products
by Roots Analysis Roots Analysis provides market research and consulPrefilled
syringes have been in market for over two decades now and have witness
significant growth in terms of both adoption and revenues. The
biopharmaceutical industry, given the fact that biologics are predominantly
administered via the parenteral route, has been one of the key drivers of this
market. A brief discussion on further growth opportunities and the anticipated
future of the prefilled
syringes market is provided below:
§ Increased focus on
improving drug device compatibility: One of the major challenges for the
manufacturers in this industry is the negative interactions of prefilled
syringe barrels with the drug. This issue is of great concern for the
developers as it affects the stability of the drug. To overcome this,
manufacturers need to eliminate the interaction between drugs and packaging
materials. As syringes are being used more and more today, hence regulatory
bodies, companies and customers will scrutinize and look carefully at each and
every aspect of needles and the material that are being used to develop a
prefilled syringe.
§ Increase in investments on
advanced syringe development and manufacturing technologies: More complex technology is
required to keep up with the pace of pharmaceutical and biotechnology
developments this calls for more investments in the manufacturing and development
of syringes. The number of injectable products available are increasing in the
market and this trend is likely to continue in the foreseeable future. Further,
an increase in flexibility is also being requested by suppliers. This changing
trends in the market indicates that the technology also needs to be developed
as per these changes. Additionally, if a large number of new drugs are
delivered through prefilled syringes then the penetration rate and uptake of
prefilled syringes by the end users is likely to increase, as the end users are
likely to get used to this format of drug delivery. Hence, in order to keep up
with this growing demand and to maintain the competitiveness in this market
domain manufacturers will need to investment more for the improvement of
manufacturing technology and process.
§ Efforts to develop safety
solutions for prefilled syringes: Safety measures to eliminate needle stick injuries
are the biggest concern in the healthcare industry. The safety systems are very
costly and hence, the manufacturing costs of syringes is increasing. To address
this issue, the safety system developers are continuously researching to
develop low cost alternatives. In the current market, the percent of prefilled
syringes with safety devices is low however, this trend is likely to change in
the forthcoming years as the healthcare industry is likely to increase the
focus on needlestick safety aspects.
§ Growing trend of individualization:
As the
demand for prefilled syringes is increasing, manufacturers are beginning to
differentiate themselves by focusing on the development of individualized
solutions for various purposes and applications. In other words, the current
focus among syringe developers is on offering novel features, such as visual
distinction, enhanced precision, ergonomic design for easy handling and
advanced safety provisions. This is how brands are working towards becoming
more recognizable in the already saturated and highly competitive market.
Owing
to these aforementioned opportunity areas,
several prefilled syringe manufacturers are actively involved in development of
prefilled syringes that are more patient friendly, have improved safety
features and solutions. In our report, we have
presented an analysis of the relative competitiveness (based on a number of
relevant parameters) of the prefilled syringes identified during our
research. Specifically, we compared around 70 such products across two peer groups,
which were defined based on the barrel material used. The analytical output was
represented in the form of a 2×2 matrix, with supplier power as the abscissa
and product competitiveness on the ordinate axes.
The purpose of the analysis was to develop a better understanding of the current generation of prefilled syringes and their respective specifications and key features. The insights presented in this chapter are indicative of the current benchmarks / standards related to the development of such products. It is important to mention that the data used for this analysis was collated from publicly available sources. Moreover, at no point should the discussion in this chapter be construed as a recommendation that one product is better than another.
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Created on Jun 30th 2020 13:34. Viewed 230 times.