HOME Research Insight Expansions was the Key Strategy Adopted by Leading Market Players Operating in the Global Prefilled Syringes Market

Expansions was the Key Strategy Adopted by Leading Market Players Operating in the Global Prefilled Syringes Market

In 2015, the prefilled syringes market was dominated by Becton, Dickinson and Company (U.S.), Gerresheimer AG (Germany), and SCHOTT AG (Germany). Becton, Dickinson and Company held the leadership position in the prefilled syringes market in 2015.

Becton, Dickinson and Company (U.S.) portfolio includes a wide range of prefilled syringe products, namely, BD Neopak, BD Neopak XSi, BD Sterifill, BD Uniject SCF, and BD Soluvia. Over the past three years, the company adopted new product launches as its key strategy to maintain its leadership position in the global prefilled syringes market. In July 2015, BD Medical launched its BD Neopak and BD Uniject SCF prefilled single-dose and ready-to-use products in India. In August 2013, BD Medical launched BD Sterifill Advance prefillable polymer syringe, a plastic prefillable syringe used by healthcare manufacturers.

Gerresheimer AG (Germany) held the second position in the global prefilled syringes market in 2015. The growth of this company can be attributed to its wide customer base, which includes a large number of global blue chip pharmaceutical and healthcare companies (including Sanofi Group, Bayer AG, AstraZeneca plc, Novo Nordisk, Johnson & Johnson, and Novartis). In addition, it has over 40 production facilities in Europe, North and South America, and Asia. Thus, the presence of high-quality customer base coupled with strong manufacturing capabilities is the key factor attributing to the company’s leadership position in the global prefilled syringes market. The company also focuses on growth strategies such as expansions and partnerships. In June 2016, Gerresheimer partnered with Taisei Medical Co. Ltd. (Japan) to offer the latter’s range of ready-to-fill COP syringes to its customers. The company is focused towards developing its core product portfolio by expanding its technological access and product pipeline. In October 2014, it opened a new Development Center for medical plastic systems in Dongguan City, China. This enabled the company to strengthen its position in the growing Asian syringes market.

Leading players are also adopting the strategies of new product launches, acquisitions, and partnerships. The market players adopted these strategies to maintain its position in the global market. The market players are also focusing on increasing their product portfolios by expanding their production capabilities and distribution networks to cater to the growing demand for prefilled syringes. Other players operating in the prefilled syringes market include 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.).

Related Reports:

Prefilled Syringes Market by Material (Glass, Plastic), Type (Conventional, Safety), Design (Dual & Single-Chamber, Customized ), Region (North America (U.S.), Europe (Germany, UK, France), Asia-Pacific (Japan, India, China)) - Forecast to 2021

Mr. Rohan
Markets and Markets
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