Glass Syringes Market: Trends and Growth FactsPosted by Kishor on March 20th, 2019 Some of the globally leading glass product manufacturers, such as Gerresheimer AG, have found great opportunity in the expanding medical devices industry, and are operating at the forefront of providing medical devices such as glass syringes. Two types of syringes are used across the globe for the direct injection of fluids, plastic syringes and glass syringes. Although, glass syringes are relatively fragile than plastic syringes, the property of minimal or no particulates and chemicals imparted into the pharmaceutical fluid while injecting it into the body, is one of the crucial winning imperative over plastic syringes. Introduction of disposable glass syringes is by Becton, Dickinson and Company in 1954 is one of the revolutionary invention in the global glass syringes market. The growth of pharmaceutical industry at a significant pace across the globe, along with consumer preference for prefilled glass syringes, is anticipated to pose a positive impact on the global glass syringes market. Global Glass Syringes Market Key Players Some of the key players operating in the global glass syringes market are
Request Sample Brochure of this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=61776 Global Glass Syringes Market Dynamics The injectable pharmaceutical liquids are highly sensitive towards the atmosphere and other sources of foreign particles and chemicals. Glass syringes are the most preferred solutions for protection against any kind of impurities. Furthermore, prefilled glass syringes add ease to the handling of the injectable pharmaceutical fluids, gaining strong traction among end-users. These factors have driven the global glass syringes market. On the contrary side, the transport of glass syringes need to take extra care due to its fragility leading to higher disposable investment across the supply chain. Plastic syringes on the other hand are much more durable and generally lower in cost as compared to glass syringes. The development in the production technology for plastic products has resulted into controlled particulate and chemical emission. Thus, the glass syringes manufacturers are gradually shifting to plastic syringes on the backdrop of lower CoGS (cost of goods sold). On 6th December 2018, Gerresheimer AG launched its first self-developed high quality plastic syringes for mass production. Global Glass Syringes Market Segmentation The global glass syringes market can be segmented on the basis of syringe type as
The global glass syringes market can be segmented on the basis of glass type as
The global glass syringes market can be segmented on the basis of capacity as
The global glass syringes market can be segmented on the basis of application as
Global Glass Syringes Market Regional Outlook North America and Europe together accounted for around two third of the global prefilled syringes market in 2016, Asia Pacific is expected to register double digit growth for the next five years. India, South Korea and Japan are well-established pharmaceutical industry in the world, while pharmaceutical industry in rest of the Asia Pacific countries are making strong efforts to minimize their dependency on imported pharmaceuticals. Furthermore, significant presence of glass tubing manufacturers in the region providing low cost pharmaceutical grade glass tubes has supported the domestic manufacturing of glass syringes in the Asia Pacific countries. These factors have resulted into strong growth of Asia Pacific glass syringes market. The manufacturing and pharmaceutical industry of Western European countries are projected witness sluggish growth for at least next five years, impacting the demand for glass syringes in the geography. The rapidly developing pharmaceutical market of GCC countries is projected to propel the demand of glass syringes in the region, while prohibition of Turkish products by European countries has posed a negative impact on the Turkish glass syringes market. Like it? Share it! More by this author |