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Worldwide 10,200,000 Thousand Units of Prefilled Syringes to be Sold by 2026

08-09-2021 08:52 PM CET | Health & Medicine

Press release from: Fact.MR

With increasing demand for efficient drug delivery systems, especially for injectable drug delivery, the need for innovative injectable drug delivery options has risen. Given the advantages of standalone drug injecting systems such as prefilled syringes, such as ease in use and enhanced safety, their demand is expected to increase at a high pace in the coming years.

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According to Fact.MR analysis on prefilled syringes, the global market for prefilled syringes is anticipated to expand at a meteoric rate during the period of forecast. The global prefilled syringes market is poised to grow at a volume CAGR of 9.1% during the period of assessment, 2017-2026 and the sale of prefilled syringes across the globe is estimated to cross US$ 11 Bn by end of the year of assessment (2026).

The research report on global prefilled syringes market has profiled many such key companies involved in the manufacturing of prefilled syringes, such as Unilife Corporation, Sterinova, SHL Group, NIPRO, Bespak, AptarGroup, West Pharmaceutical Services Inc., Vetter Pharma International GmbH, Stevanato Group, SCHOTT AG, Gerresheimer, Medtronic, Baxter International Inc., Terumo Medical Corporation and Becton Dickinson and Company.

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Market segmentation

Material Type
• Glass based prefilled syringes
• Polymer based prefilled syringes

Distribution Channel
• Hospitals
• Specialty Clinics
• Online Pharmacies
• Other Distribution Channels

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Key Highlights on the Global Prefilled Syringes Market:

• North America in terms of sale of prefilled syringes tops other regional market during the period of assessment. This regions, especially dominated by United States, has witnessed increased adoption of glass prefilled syringes owing to high presence of chronic disorders. On the other hand, Asia Pacific excluding Japan (APEJ) region is expected to showcase increased inclination towards these injectable drug delivery systems. Asia Pacific excluding Japan region has shown immense potential as a favorable market place for various end use industries owing to its huge business potential. This has increased the presence of various pharmaceutical industries in the region. Moreover, increasing population growth in China and India, along with aging population has raised the demand bar for prefilled syringes to inject drugs to treat diseases such as diabetes and other autoimmune disorders

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/09/16/1915931/0/en/Sales-of-Ambulance-Cots-to-Gather-Pace-in-Line-With-Growing-Number-of-EMS-Providers-Worldwide-Fact-MR.html

• By material type, glass based prefilled syringes hold the highest market share and sales of glass based prefilled syringes is estimated to surpass U$ 7.5 Bn by end of 2026. However, owing to high fragile nature of these syringes, manufacturers have developed polymer based prefilled syringes that are also gaining high traction. Polymer based prefilled syringes have a comparatively higher break resistance and do not react with the drug they carry
• With respect to distribution channels, hospitals are the most lucrative. Sale of both glass and polymer based prefilled syringes from hospitals is estimated to reach a value of over US$ 6.5 Bn by end of the year of assessment. Online pharmacies and specialty clinics are also expected to significantly contribute to the growth of the global prefilled syringes market in the coming years

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