Ampoules and syringes are pharmaceutical products that have been extensively used in the medicinal industry. A syringe is generally fitted with a reciprocating pump, a piston and a needle for injecting purpose. A hypodermic needle, a nozzle, or tubing is generally equipped at the exposed end of the syringe. Intravenous drugs are injected into the veins of the patient using syringes and numerous other medicinal procedures are carried out using syringes. Some of them include the application of certain lubricants and the measurement of liquids or drawing of liquids etc…On the other hand, ampoules are glass or plastic storage containers used for sealing and preserving a solid or liquid sample. Injectablepharmaceuticals, reagents that are reactive to air like tetrakis (triphenylphosphine) palladium(0), water absorbent materials like deuterated solvents and tri fluoro methane sulfonic acid, and other analytical standards are generally sealed and preserved inside ampoules. Glass ampoules are generally preferred for their highly water proof interior surface area; however plastic ampoules are in use for their affordable price rates. The usage of glass containers is more viable for their advantageous features.
Market value of ampoules and syringes:
The global market value of ampoules and syringes is said to increase on an alarming rate, mainly due to the high growth potential of the market. The market has been dominated by players likeBecton, Dickinson and Co., Gerresheimer AG, West Pharmaceuticals, Schott AG, and Nipro Corp. that have played the crucial parts in yielding high revenue for the industry. These companies have highly invested in carrying out Research and Development processes in the developing countries like India and China where there is high potential for further growth.Plastic ampoules, Type I, II, and III, polypropylene, polyethylene, PVC, others (polycarbonate, EVA, PET), cyclic olefin polymers (COP), cyclic olefin copolymers (COC),are the types of ampoules available in the market. On the other hand, polymer Syringes -cyclic olefin polymers (COP),cyclic olefin copolymers (COC), PP and glass Syringes, and others are the categories of products available in the syringes market.The Cumulative Average Growth Rate (CAGR) percent is said to reportedly increase by the year of 2024, as per market analysts. The statistics have been obtained on the basis of average utilization and weighted average of pricing system allotted for products in various geographical regions.
The major market driving factor is the growing demand for home health care in a geriatric hospital. However, the increasing demand to preserve the temperature controlled drugs could hinder the growth of this market.
The global market of syringes and ampoules industry is said to witness tremendous growth in the upcoming years due to home health care requirements as reported by market analysts.