global prefilled syringes market: trends, opportunities and … · 2016-08-24 · (c) azoth...
TRANSCRIPT
(c) AZOTH Analytics April 2016
Global Prefilled Syringes Market: Trends, Opportunities and
Forecasts (2016-2021)
• By Material - Glass and Plastic
• By Filling Capabilities – Single Chamber
and Dual/Multiple Chamber
• By Major Applications
• By Region-North America, Europe, APAC,
Latin America, Africa, Middle East
• By Country - USA, Canada, Brazil, Mexico,
UK, Germany, India, China, UAE, Saudi
Arabia, South Africa
(c) AZOTH Analytics 2
S.No Particulars .
1. Research Methodology
2. Product Overview
3. Executive Summary
4. Global Prefilled Syringes Market: An Analysis
4.1. Global Prefilled Syringes Market Size & Forecast
4.1.1. Global Prefilled Syringes Market - By Value (Historic 2011-15)
4.1.2. Global Prefilled Syringes Market - By Value ( Forecast 2016E-2021F)
4.1.3. Global Prefilled Syringes Market -By Volume(2011-2021F)
4.1.4. Global Prefilled Syringes Market -By Material (2016E-2021F)
4.1.5. Global Prefilled Syringes Market -By Filling Capabilities(2016E-2021F)
4.1.6. Global Prefilled Syringes Market -By Major Applications, 2016
5. North America Prefilled Syringes Market: An Analysis
5.1 North America Prefilled Syringes Market Size & Forecast
5.1.1. North America Prefilled Syringes Market -By Value (Historic 2011-15)
5.1.2. North America Prefilled Syringes Market -By Value ( Forecast 2016E-2021F)
5.1.3. North America Prefilled Syringes Market - By Material (Estimated 2016E)
5.1.4. North America Prefilled Syringes Market - By Region (2011-2021F)
5.1.5. North America Prefilled Syringes Market -By Region (2011-2021F)
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S. No Particulars
6. Latin America Prefilled Syringes Market: An Analysis
6.1. Latin America Prefilled Syringes Market Size & Forecast
6.1.1. Latin America Prefilled Syringes Market Size - By Value (Historic 2011-15)
6.1.2. Latin America Prefilled Syringes Market Size - By Value ( Forecast 2016E-2021F)
6.1.3. Latin America Prefilled Syringes Market Size - By Material (Estimated 2016E)
6.1.4. Latin America Prefilled Syringes Market Size - By Region (2011-2021F)
6.1.5. Latin America Prefilled Syringes Market Size - By Region (2011-2021F)
7. APAC Prefilled Syringes Market: An Analysis
7.1. APAC Prefilled Syringes Market Size & Forecast
7.1.1. APAC Prefilled Syringes Market - By Value (Historic 2011-15)
7.1.2. APAC Prefilled Syringes Market - By Value ( Forecast 2016E-2021F)
7.1.3. APAC Prefilled Syringes Market - By Material (Estimated 2016E)
7.1.4. APAC Prefilled Syringes Market - By Region (2011-2021F)
7.1.5. APAC Prefilled Syringes Market - By Region (2011-2021F)
8. Europe Prefilled Syringes Market: An Analysis
8.1. Europe Prefilled Syringes Market Size & Forecast
8.1.1. Europe Prefilled Syringes Market - By Value (Historic 2011-15)
8.1.2. Europe Prefilled Syringes Market - By Value ( Forecast 2016E-2021F)
8.1.3. Europe Prefilled Syringes Market - By Material (Estimated 2016E)
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8.1.4. Europe Prefilled Syringes Market - By Region (2011-2021F)
8.1.5. Europe Prefilled Syringes Market - By Region (2011-2021F)
9. Middle East Prefilled Syringes Market: An Analysis
9.1. Middle East Prefilled Syringes Market Size & Forecast
9.1.1. Middle East Prefilled Syringes Market - By Value (Historic 2011-15)
9.1.2. Middle East Prefilled Syringes Market - By Value ( Forecast 2016E-2021F)
9.1.3. Middle East Prefilled Syringes Market - By Material (Estimated 2016E)
9.1.4. Middle East Prefilled Syringes Market - By Region (2011-2021F)
9.1.5. Middle East Prefilled Syringes Market - By Region (2011-2021F)
10. Africa Prefilled Syringes Market: An Analysis
10.1. Africa Prefilled Syringes Market Size & Forecast
10.1.1. Africa Prefilled Syringes Market: By Value (Historic 2011-15)
10.1.2. Africa Prefilled Syringes Market: By Value ( Forecast 2016E-2021F)
10.1.3. Africa Prefilled Syringes Market: By Material (2011-2021F)
10.1.4. Africa Prefilled Syringes Market: By Region (2011-2021F)
11. Industry Structure
12. Policy and Regulatory Overview
13. Market Dynamics
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S. No Particulars
13.1. Drivers and Challenges
13.2. Trends
13.3. SWOT Analysis
13.4. Porter Five Forces Analysis
14. Competitive Landscape
14.1. Pre-filled Syringes Market Share Analysis, By Key Players
14.2. Competitive Benchmarking
14.2.1 Sales Comparatives, Top 5 Companies
14.2.2 EBITDA Comparatives, Top 5 Companies
14.2.3 EBIT Comparatives, Top 5 Companies
14.2.4 PBT Comparatives, Top 5 Companies
14.2.5 PAT Comparatives, Top 5 Companies
14.2.6 Current Ratio Comparatives, Top 5 Companies
14.2.7 Profit Margin Ratio Comparatives, Top 5 Companies
14.2.8 Debt-Equity Ratio Comparatives, Top 5 Companies
14.3. Company Profiling
14.3.1. Becton, Dickinson & Company
14.3.2. Gerresheimer Group
14.3.3. Nipro Corporation
14.3.4. Schott AG
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S. No Particulars
15.3.5. Stevanato Group
15.3.6. Unilife Corporation
15.3.7. Vetter Pharma-Fertigung GmbH & Co.
15.3.8. West Pharmaceutical Services, Inc
15.3.9. Baxter International, Inc.
15.3.10. Ypsomed AG
15. Strategic Recommendation
16. About us & Disclaimer
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List of Figures
Figure No. Figure Title
Figure 1: Classification of Syringes on basis of Material
Figure 2: Classification of Syringes on basis of Needle Types
Figure 3: Classification of Syringes on basis of Filling Capabilities
Figure 4: Global Prefilled Syringes Market, 2011-2015 (USD Billion
Figure 5: Prevalence of various autoimmune diseases globally
Figure 6: Global Prefilled Syringes Market Size Forecast, 2016E-2021F (USD Billion
Figure 7: Global Prefilled Syringes Market Size, By Volume, 2011-2015F (USD Billion)
Figure 8: Global Prefilled Syringes Market Size, By Volume, 2016-2021F (USD Billion)
Figure 9: Global Prefilled Syringes Market Size, By Material, 2016E (USD Billion)
Figure 10: Global Prefilled Syringes Market Size, By Material, 2021F (USD Billion)
Figure 11: Global Prefilled Syringes Market Size, By Filling Capabilities, 2016E (USD Billion)
Figure 12: Global Prefilled Syringes Market Size, By Filling Capabilities, 2021F (USD Billion)
Figure 13: Global Prefilled Syringes Market Size, By Major Applications, 2016 (In Percentage)
Figure 14: North America Prefilled Syringes Market , 2011-2015 (USD Billion)
Figure 15: North America Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 16: North America Prefilled Syringes Market Size, By Material, 2016E (USD Billion)
Figure 17: North America Prefilled Syringes Market Size, By Material, 2021F (USD Billion)
Figure 18: U.S.A. Prefilled Syringes Market , 2011-2015 (USD Billion)
Figure 19: Influenza vaccination among adults aged 18 and over in U.S.A. (in %)
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List of Figures
Figure No. Figure Title
Figure 20: U.S.A. Prefilled Syringes Market, 2016E-2021F (USD Billion)
Figure 21: Canada Prefilled Syringes Market , 2011-2015 (USD Billion)
Figure 22: Causes for Death in Canada(in %)
Figure 23: Canada Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 24: Latin America Prefilled Syringes Market, 2011-2015 (USD Billion)
Figure 25: Latin America Prefilled Syringes Market, 2016E-2021F (USD Billion)
Figure 26: Latin America Prefilled Syringes Market Size, By Material, 2016E (USD Billion)
Figure 27: Latin America Prefilled Syringes Market Size, By Material, 2021F (USD Billion)
Figure 28: Brazil Prefilled Syringes Market, 2011-2015 (USD Billion)
Figure 29: Brazil Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 30: Mexico Prefilled Syringes Market , 2011-2015 (USD Billion)
Figure 31: Mexico Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 32: APAC Prefilled Syringes Market, 2011-2015 (USD Billion)
Figure 33: APAC Prefilled Syringes Market, 2016E-2021F (USD Billion)
Figure 34: APAC Prefilled Syringes Market Size, By Material, 2016E (USD Billion)
Figure 35: APAC Prefilled Syringes Market Size, By Material, 2021F (USD Billion)
Figure 36: India Prefilled Syringes Market, 2011-2015 (USD Billion)
Figure 37: India Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 38: China Prefilled Syringes Market , 2011-2015 (USD Billion)
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(c) AZOTH Analytics
List of Figures
Figure No. Figure Title
Figure 39: China Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 40: Europe Prefilled Syringes Market, 2011-2015 (USD Billion)
Figure 41: Europe Prefilled Syringes Market, 2016E-2021F (USD Billion)
Figure 42: Europe Prefilled Syringes Market Size, By Material, 2016E (USD Billion)
Figure 43: Europe Prefilled Syringes Market Size, By Material, 2021F (USD Billion)
Figure 44: United Kingdom Prefilled Syringes Market , 2011-2015 (USD Billion)
Figure 45: United Kingdom Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 46: Germany Prefilled Syringes Market , 2011-2015 (USD Billion)
Figure 47: Germany Prefilled Syringes Market Size, 2016E-2021F (USD Billion)
Figure 48: Middle East Prefilled Syringes Market, 2011-2015 (USD Billion)
Figure 49: Middle East Prefilled Syringes Market, 2016E-2021F (USD Billion)
Figure 50: Middle East Prefilled Syringes Market Size, By Material, 2016E (USD Billion)
Figure 51: Middle East Prefilled Syringes Market Size, By Material, 2021F (USD Billion)
Figure 52: UAE Prefilled Syringes Market , 2011-2015 (USD Billion)
Figure 53: UAE Prefilled Syringes Market, 2016E-2021F (USD Billion)
Figure 54: Saudi Arabia Prefilled Syringes Market , 2011-2015 (USD Million)
Figure 55: Saudi Arabia Prefilled Syringes Market, 2016E-2021F (USD Million)
Figure 56: Africa Prefilled Syringes Market, 2011-2015 (USD Million)
Figure 57: Africa Prefilled Syringes Market, 2016E-2021F (USD Million)
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(c) AZOTH Analytics
List of Figures
Figure No. Figure Title
Figure 58: Africa Prefilled Syringes Market Size, By Material, 2016E (USD Million)
Figure 59: Africa Prefilled Syringes Market Size, By Material, 2021F (USD Million)
Figure 60: South Africa Prefilled Syringes Market, 2011-2015 (USD Million)
Figure 61: South Africa Prefilled Syringes Market Size, 2016E-2021F (USD Million)
Figure 62: Industry Structure
Figure 63: Market Share
Figure 64: Sales Comparatives of Top 5 Companies (2011-2015)
Figure 65: EBITDA Comparatives of Top 5 Companies (2011-2015)
Figure 66: EBIT Comparatives of Top 5 Companies (2011-2015)
Figure 67: PBT Comparatives of Top 5 Companies (2011-2015)
Figure 68: PAT Comparatives of Top 5 Companies (2011-2015)
Figure 69: Current Ratio Comparatives of Top 5 Companies (2011-2015)
Figure 70: Profit Margin Ratio Comparatives of Top 5 Companies (2011-2015)
Figure 71: Debt-Equity Ratio Comparatives of Top 5 Companies (2011-2015)
Figure 72: BD Revenue & Other Financials (USD Million) CY 2011-2015 (September Ended)
Figure 73: BD Percentage Revenue, By Business Segment (2015 )
Figure 74: BD Percentage Revenue, By Geography (2015)
Figure 75: BD Percentage Employees, By Geography (2015)
Figure 76: BD Percentage Revenue, By Business Division – Medical Segment (2015)
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List of Figures
Figure No. Figure Title
Figure 77: BD Percentage Revenue, By Business Division – Life Sciences Segment (2015)
Figure 78: Gerresheimer AG Revenue (USD Million) AY 2011-2015 (November Ended)
Figure 79: Gerresheimer AG Percentage Revenue, By Business Segment (2015)
Figure 80: Gerresheimer AG Percentage Revenue, By Geography (2015)
Figure 81: Gerresheimer AG Percentage Employee, By Business Segment (2015)
Figure 82: Gerresheimer AG Percentage Employee, By Geography (2015)
Figure 83: Gerresheimer AG Percentage Revenue, By Region of Origin (2015)
Figure 84: Nipro Corporation Revenue & Other Financials (USD Million) FY 2011-2015
Figure 85: Nipro Corporation Percentage Revenue, By Business Segment (2015)
Figure 86: Nipro Corporation Percentage Revenue, By Geography (2015)
Figure 87: Nipro Corporation Medical-Related Business Percentage, By Sales Composition Mix (2015)
Figure 88: Nipro Corporation Pharma-Related Business, By No. of Contract Manufacturing Products (2015)
Figure 89: Nipro Corporation Glass-Related Business, By Sales Composition Mix (2015)
Figure 90: Schott AG Revenue & Other Financials (USD Million) AY 2011-2015 (Sep’ Ended)
Figure 91: Schott AG Percentage Revenue, By Geography (2015)
Figure 92: Schott AG Percentage Revenue, By Geography (2015)
Figure 93: Schott AG Percentage Employee Count, By Geography (2015)
Figure 94: Unilife Revenue & Other Financials (USD Million) CY 2011-2015 (June Ended)
Figure 95: Unilife Percentage Revenue, By Geography (2015)
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(c) AZOTH Analytics
List of Figures
Figure No. Figure Title
Figure 96: West Pharmaceutical Revenue & Other Financials (USD Million) CY 2011-2014
Figure 97: West Pharmaceutical Percentage Revenue, By Business Segment (2015)
Figure 98: West Pharmaceutical Percentage Revenue, By Geography (2015)
Figure 99: West Pharmaceutical Delivery Systems Percentage Revenue, By Business Division (2015)
Figure 100: Baxter Revenue & Other Financials (USD Million) CY 2011-2015
Figure 101: Baxter Percentage Revenue, By Business Segment (2015)
Figure 102: Baxter Percentage Revenue, By Geography (2015)
Figure 103: Baxter Hospital Product Segment Revenue Percentage, By Business Division (2015)
Figure 104: psomed AG Revenue & Other Financials (USD Million) FY 2011-2015
Figure 105: Ypsomed AG Percentage Revenue, By Business Segment (2015)
Figure 106: Ypsomed AG Percentage Revenue, By Geography (2015)
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List of Tables
Table No. Table Title
Table 1: Arthritis Prevalence in North America
Table 2: Estimated Prevalence of Rheumatoid Arthritis in Canada
Table 3: Per Capita Health Expenditure in Latin America(USD Billion)
Table 4: Health Indicators in Latin America(USD Billion)
Table 5: Immunization Rate in Brazil
Table 6: Vaccination among infants in Mexico (in %)
Table 7: Comparison of Vaccination Coverage in APAC to the Americas
Table 8: Vaccination among infants in China (in %)
Table 9: Hip replacement surgery, 2013 (or nearest year)
Table 10: Total knee replacement surgery, 2013 (or nearest year)
Table 11: Joint Procedures in Germany
Table 12: Vaccination Coverage in Germany
Table 13: Estimated Cases of Orthopaedic Disorders in Middle East
Table 14: Estimated Cases of Rheumatoid Arthritis in Middle East
Table 15: UAE Estimated Prevalence of Joint Disorders
Table 16: Vaccination Rate in UAE
Table 17: Vaccination Rate in Saudi Arabia
Table 18: South Africa Vaccination Rate
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Research Methodology
Research Definition
•The Global Prefilled Syringes Market Report comprises of the study of various aspects of Prefilled Syringes market
and forecast until 2021. Global Prefilled Syringes has been segmented on type of material-Glass and Plastic, filling
capabilities basis – single and dual chamber, major applications basis, regional basis – North America, Latin America,
Europe, Asia Pacific, Middle East and Africa and country basis covering USA, Canada, Brazil, Mexico, UK, Germany,
India, China, UAE, Saudi Arabia and South Africa.
Data Analysis and Interpretation
• Our historic market trend has been figured out by various paid databases which was further triangulated with inputs
and insights from industry experts through primary research (marketing managers, physicians). Back-of-the-
Envelope calculation for the market estimation has been made through proper understanding of the market as well
as future business strategies of the companies involved in the market.
Azoth Analytics has conducted quantitative as well as qualitative research to gather market insights such as market sizing, market
segmentation, recent trends and developments and competitive landscape. Our team has conducted extensive primary surveys by
reaching out industry experts across the value chain of the global prefilled syringes market.
For Forecasting purpose we have accessed some of the paid databases such as Bloomberg, Reuters, Factiva, Hoovers etc.
Companies Contacted
Vetter Pharma, Becton Dickson, Unilife Corp., Nipro Corp., Stevanato Group, Schott AG, Gerresheimer AG
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Global Prefilled Syringes Market
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Figure 4: Global Prefilled Syringes Market, 2011-2015
(USD Billion)
Source : Azoth Analytics Estimates
Figure 6: Global Prefilled Syringes Market Size
Forecast, 2016E-2021F (USD Billion)
Figure 7: Global Prefilled Syringes Market Size,
By Volume, 2011-2015F (USD Billion) Figure 8: Global Prefilled Syringes Market Size,
By Volume, 2016-2021F (USD Billion)
xx xx
xx xx
xx
2011 2012 2013 2014 2015
xx xx xx xx xx xx
2016E 2017F 2018F 2019F 2020F 2021F
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
2011 2012 2013 2014 2015 2016F 2017F 2018F 2019F 2020F 2021F
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Global Prefilled Syringes Market
Figure 9: Global Prefilled Syringes Market Size, By
Material, 2016E (USD Billion)
Source : Azoth Analytics Estimates
Figure 10: Global Prefilled Syringes Market Size, By
Material, 2021F (USD Billion)
Figure 11: Global Prefilled Syringes Market Size,
By Filling Capabilities, 2016E (USD Billion)
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Figure 12: Global Prefilled Syringes Market Size, By
Filling Capabilities, 2021F (USD Billion)
xx
xx
xx
xx
xx
xx
xx
xx
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Global Prefilled Syringes Market
Figure 16: North America Prefilled Syringes Market
Size, By Material, 2016E (USD Billion)
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Figure 17: North America Prefilled Syringes Market
Size, By Material, 2021F (USD Billion)
Figure 18: U.S.A. Prefilled Syringes Market , 2011-
2015 (USD Billion)
Figure 20: U.S.A. Prefilled Syringes Market, 2016E-
2021F (USD Billion)
xx xx xx xx
xx xx
xx xx
xx
2011 2012 2013 2014 2015
xx xx
xx xx
xx xx
2016E 2017F 2018F 2019F 2020F 2021F
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Global Prefilled Syringes Market
Figure 24: Latin America Prefilled Syringes
Market, 2011-2015 (USD Billion)
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Figure 25: Latin America Prefilled Syringes Market,
2016E-2021F (USD Billion)
Figure 29: Brazil Prefilled Syringes Market Size,
2016E-2021F (USD Billion)
Figure 28: Brazil Prefilled Syringes Market, 2011-
2015 (USD Billion)
xx xx
xx xx
xx xx
2011 2012 2013 2014 2015
xx xx
xx xx
xx xx
2016E 2017F 2018F 2019F 2020F 2021F
xx xx xx xx
xx
2011 2012 2013 2014 2015
xx xx xx xx xx xx
2016E 2017F 2018F 2019F 2020F 2021F
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Global Broadcast Equipment Market
Figure 32: APAC Prefilled Syringes Market, 2011-
2015 (USD Billion)
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Figure 33: APAC Prefilled Syringes Market, 2016E-
2021F (USD Billion)
Figure 34: APAC Prefilled Syringes Market Size, By
Material, 2016E (USD Billion)
Figure 35: APAC Prefilled Syringes Market Size, By
Material, 2021F (USD Billion)
xx xx
xx xx
xx
2011 2012 2013 2014 2015
xx xx
xx xx
xx xx
2016E 2017F 2018F 2019F 2020F 2021F
xx xx xx xx
Global Prefilled Syringes Market
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Global Prefilled Syringes Market
Figure 36: India Prefilled Syringes Market, 2011-
2015 (USD Billion)
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Figure 37: India Prefilled Syringes Market Size,
2016E-2021F (USD Billion)
Figure 25: Europe Broadcast Equipment Market Size,
By Value , Forecast, 2016E-2021F, (USD Billion)
Figure 40: Europe Prefilled Syringes Market, 2011-
2015 (USD Billion)
xx xx
xx xx
xx
2011 2012 2013 2014 2015
xx xx
xx xx
xx xx
2016E 2017F 2018F 2019F 2020F 2021F
xx xx
xx xx
xx
2011 2012 2013 2014 2015
xx xx
xx xx
xx
2011 2012 2013 2014 2015
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Global Prefilled Syringes Market
Figure 42: Europe Prefilled Syringes Market Size, By
Material, 2016E (USD Billion)
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Figure 43: Europe Prefilled Syringes Market
Size, By Material, 2021F (USD Billion)
Figure 44: United Kingdom Prefilled Syringes Market ,
2011-2015 (USD Billion)
Figure 45: United Kingdom Prefilled Syringes Market
Size, 2016E-2021F (USD Billion)
xx xx xx xx
xx xx
xx xx
xx xx
2016E 2017F 2018F 2019F 2020F 2021F
xx xx
xx xx
xx
2011 2012 2013 2014 2015
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Global Broadcast Equipment Market
Figure 48: Middle East Prefilled Syringes Market,
2011-2015 (USD Billion)
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Figure 49: Middle East Prefilled Syringes Market,
2016E-2021F (USD Billion)
XX XX
XX
XX XX
2011 2012 2013 2014 2015
XX
XX
XX
XX XX
XX
2016E 2017F 2018F 2019F 2020F 2021F
Figure 51: Middle East Prefilled Syringes Market
Size, By Material, 2021F (USD Billion)
Figure 50: Middle East Prefilled Syringes Market
Size, By Material, 2016E (USD Billion)
xx xx xx xx
Global Prefilled Syringes Market
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Global Prefilled Syringes Market
Figure 52: UAE Prefilled Syringes Market , 2011-2015
(USD Billion)
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Figure 53: UAE Prefilled Syringes Market, 2016E-
2021F (USD Billion)
Figure 56: Africa Prefilled Syringes Market, 2011-
2015 (USD Million)
Figure 57: Africa Prefilled Syringes Market, 2016E-
2021F (USD Million)
xx
xx
xx
xx
xx
2011 2012 2013 2014 2015
xx
xx
xx
xx
xx
2011 2012 2013 2014 2015
xx xx
xx xx
xx xx
2016 2017 2018 2019 2020 2021
XX XX
XX XX XX XX
2016E 2017F 2018F 2019F 2020F 2021F
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Global Prefilled Syringes Market
Figure 58: Africa Prefilled Syringes Market Size, By
Material, 2016E (USD Million)
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Figure 59: Africa Prefilled Syringes Market Size, By
Material, 2021F (USD Million)
xx xx xx xx
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About Azoth Analytics Pvt Ltd.
Azoth Analytics creates in-depth research reports by recording, interpreting and analyzing information through primary and secondary
research. Our strategic market sizing and data dredging techniques include secondary research, interviews with key market players and
industry experts and use of industry specific statistical tools which helps in designing and planning effective research for our global and
local clients. We provide customized market research reports revealing the hidden truths on different verticals like pharmaceutical, oil and
gas, retail, telecommunications, real estate, logistics, energy, healthcare, technology, FMCG, food & beverages and media sectors .
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Disclaimer: Azoth Analytics report information is based mainly on interviews and therefore, is subject to fluctuation. Azoth Analytics
therefore, takes no responsibility for any incorrect information supplied to us by industry experts, manufacturers or users. Azoth does
not warranty the completeness of the information and data. Also, analysis provided in the report are meant for customers’ internal use
only and not for general publication or disclosure to third parties.
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