Press release
Global Pharmaceutical Glass Packaging Market : Sales of Syringes to Surpass Bottles by 2027
A latest research report titled as “Global Market Study on Pharmaceutical Glass Packaging: Sales of Syringes to Surpass Bottles by 2027” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.
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Syringes are expected to be the most attractive product type for incremental opportunities in the global pharmaceutical glass packaging market over the forecast period. Syringes are expected to witness an increase in market share in 2027 over 2017 by a herculean 670 basis points. Ampoules & vials are expected to create an incremental opportunity of over US$ 800.0 Mn expanding at a CAGR of 2.8% by the end of the forecast period.
Product Recalls in North America to Create Unstable Scenario
There have been product recalls recorded in North America for many glass ampoules, vials, and syringes due to glass breakages. Recalls were also because of several other syringe related causes. There was a recall of EPREX prefillable syringes because of leachable from the prefilled syringe rubber plunger. The leachable caused pure red cell aplasia in patients using the EPREX prefilled syringes. A syringe product recall was also due to the unequal silicone oil coating on the syringe barrel causing partial injection of the drug. Amgen recalled five lots of Enbrel pre-fillable syringes in October 2010. Johnson & Johnson recalled 70,000 antipsychotic drug prefilled syringes in February, 2011 owing to glass breakage.
Ampoules and Vials to be in High Demand in Latin America
Ampoules and vials are predominantly used in most of the countries in Latin America for packaging applications. Brazil and Mexico lead the Latin America market in terms of consumption. The pharmaceutical market in Brazil is growing at a higher rate which will boost the demand for pharmaceutical glass packaging products in the next few years. However, glass delamination is expected to act as a roadblock in the deployment of several products in the region. Glass delamination occurs from subsequent glass chipping and surface degradation which is observed visually as flakes within the drug product or solution.
Delamination is a prominent restraint observed in the pharmaceutical glass packaging market which needs to be addressed for long-term sustainability of the glass packaging products in the pharmaceutical industry. Products such as COC/COP based ampoules, vials, and syringes are expected to outgrow other pharmaceutical glass packaging products. This is primarily because polymer based packaging products offer high delamination resistance, longer shelf life, and good chemical resistance. Moreover, the polymer based products are cheaper in comparison to their glass counterparts.
To Know The latest Trends and Insights Prevalent in This Market, Click the link below @
https://www.mrrse.com/pharmaceutical-glass-packaging-market
New Ampoules and Syringes to be Introduced in Asia Pacific
New therapeutic drugs are being approved in the Asia Pacific region in order to be administered in ampoules and prefilled syringes. With rapid advancements in the biologics and biosimilars market, the demand for ampoules, vials, and prefilled syringes is expected to spur in the coming years. More novel therapeutic drugs are being approved to be administered in ampoules and prefilled syringes as companies in the region are focusing on enhancing product development.
Currently, over 60 types of parenteral drugs and vaccines are being sold in the form of prefilled syringes. Common drug classes which are injectable and are available in prefilled syringes include insulin, interferon, mono clonal antibodies, G-CSFs, erythropoietin, blood stimulants and other vaccines. Other additional new therapeutic drugs are being approved to be administered in the prefilled syringes form. Patent expirations of several biologics has led to the introduction of biosimilars in the market. This is likely to boost the adoption of ampoules, vials and prefilled syringes in the Asia Pacific region.
Enquire about this Report @ https://www.mrrse.com/enquiry/4611
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Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
Click here For Free Sample Report @ https://www.mrrse.com/sample/4611
Syringes are expected to be the most attractive product type for incremental opportunities in the global pharmaceutical glass packaging market over the forecast period. Syringes are expected to witness an increase in market share in 2027 over 2017 by a herculean 670 basis points. Ampoules & vials are expected to create an incremental opportunity of over US$ 800.0 Mn expanding at a CAGR of 2.8% by the end of the forecast period.
Product Recalls in North America to Create Unstable Scenario
There have been product recalls recorded in North America for many glass ampoules, vials, and syringes due to glass breakages. Recalls were also because of several other syringe related causes. There was a recall of EPREX prefillable syringes because of leachable from the prefilled syringe rubber plunger. The leachable caused pure red cell aplasia in patients using the EPREX prefilled syringes. A syringe product recall was also due to the unequal silicone oil coating on the syringe barrel causing partial injection of the drug. Amgen recalled five lots of Enbrel pre-fillable syringes in October 2010. Johnson & Johnson recalled 70,000 antipsychotic drug prefilled syringes in February, 2011 owing to glass breakage.
Ampoules and Vials to be in High Demand in Latin America
Ampoules and vials are predominantly used in most of the countries in Latin America for packaging applications. Brazil and Mexico lead the Latin America market in terms of consumption. The pharmaceutical market in Brazil is growing at a higher rate which will boost the demand for pharmaceutical glass packaging products in the next few years. However, glass delamination is expected to act as a roadblock in the deployment of several products in the region. Glass delamination occurs from subsequent glass chipping and surface degradation which is observed visually as flakes within the drug product or solution.
Delamination is a prominent restraint observed in the pharmaceutical glass packaging market which needs to be addressed for long-term sustainability of the glass packaging products in the pharmaceutical industry. Products such as COC/COP based ampoules, vials, and syringes are expected to outgrow other pharmaceutical glass packaging products. This is primarily because polymer based packaging products offer high delamination resistance, longer shelf life, and good chemical resistance. Moreover, the polymer based products are cheaper in comparison to their glass counterparts.
To Know The latest Trends and Insights Prevalent in This Market, Click the link below @
https://www.mrrse.com/pharmaceutical-glass-packaging-market
New Ampoules and Syringes to be Introduced in Asia Pacific
New therapeutic drugs are being approved in the Asia Pacific region in order to be administered in ampoules and prefilled syringes. With rapid advancements in the biologics and biosimilars market, the demand for ampoules, vials, and prefilled syringes is expected to spur in the coming years. More novel therapeutic drugs are being approved to be administered in ampoules and prefilled syringes as companies in the region are focusing on enhancing product development.
Currently, over 60 types of parenteral drugs and vaccines are being sold in the form of prefilled syringes. Common drug classes which are injectable and are available in prefilled syringes include insulin, interferon, mono clonal antibodies, G-CSFs, erythropoietin, blood stimulants and other vaccines. Other additional new therapeutic drugs are being approved to be administered in the prefilled syringes form. Patent expirations of several biologics has led to the introduction of biosimilars in the market. This is likely to boost the adoption of ampoules, vials and prefilled syringes in the Asia Pacific region.
Enquire about this Report @ https://www.mrrse.com/enquiry/4611
About Market Research Reports Search Engine
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
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