Pre Filled Syringes Market Analysis, Research Study With Becton Dickinson and Company, Gerresheimer AG, Schott Group, West Pharmaceutical Services Inc

The Global Pre Filled Syringes Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Pre Filled Syringes market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global pre filled syringes market is expected to grow from $5.78 billion in 2020 to $7.29 billion in 2021 at a compound annual growth rate (CAGR) of 20.74%. The exponential growth is mainly due to the companies catering to the growing demand for COVID-19 vaccines that require pre-filled syringes. The market is expected to reach $11.18 billion in 2025 at a CAGR of 11.30%.

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Top Companies in the Global Pre Filled Syringes Market: Becton Dickinson and Company; Gerresheimer AG; Schott Group; West Pharmaceutical Services Inc.; Baxter International Inc; Nipro Corporation; Terumo Corporation; Vetter Pharma International GmbH; Stevanato Group; Weigao Group; Novartis; Catalent Inc.

Industry Updates:

In 2020, Biocorp launched Injay, a connected pre filled syringe that is based on NFC technology wherein the technology helps in the transfer of data to a smartphone or specific transmitters, depending on specific use cases and environment. Similarly, in 2019, Credence MedSystems, developer of an injectable drug delivery technology, launched Connect auto-sensing injection system for any pre filled syringes. This enables healthcare professionals and self-injecting patients to collect data automatically and receive feedback for the dose.

Market Overview:

Product recalls attributing to factors such as breakages, leachable, defects in packaging, and contamination hindered the growth of the pre filled syringes market in the historic period. The product recall is the process of retrieving or replacing the products already in the market wherein the company bears the cost of replacing and fixing defective products, or of reimbursing affected consumers. Product recalls affect a market substantially as it can affect the company performance within the market, change its financial profile, and can have a negative impact on its reputation. For instance, in 2019, Becton, Dickinson, and Company recalled BD PosiFlush SF (Sterile Field) Saline Flush Syringe 10mL because of packaging defects that impacted package integrity and potentially compromise a sterile field. Similarly, in 2019, Biogen Idec UK recalled Avonex 30 micrograms/0.5ml solution for injection in the form of prefilled syringes due to manufacturing issues that could have potentially affected sterility of the product and have weakened the glass resulting in the possible formation of particulate matter. Therefore, the product recalls due to various factors in the manufacturing process or packaging restrained the growth of the market in the historic period.

Segmentation:

Markets Covered: 1) By Type: Conventional Prefilled Syringes; Safety Prefilled Syringes
2) By Material: Glass Prefilled Syringes; Plastic Prefilled Syringes
3) By Design: Single-Chamber Prefilled Syringes; Dual- Chamber Prefilled Syringes; Customized Prefilled Syringes
4) By Application: Diabetes; Rheumatoid Arthritis; Anaphylaxis; Cancer; Thrombosis; Ophthalmology; Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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