Press release
Prefilled Syringes Market Size 2022 is projected to grow at a CAGR of 9.7%, Trends, Growth Strategies, Key Players and Global Forecast 2029
Prefilled Syringes Market Overview:The growth of the prefilled syringes market is driven by the growth in home-based healthcare market, increase in adoption of injectable drugs, rise in incidence rate of chronic diseases, surge in benefits of using prefilled syringes over conventional vials. Moreover, technological advancements related to the prefilled syringes contributes toward the growth of the market. However, stringent government regulations, availability of alternative drug-delivery methods, and product recalls are expected to hinder the market growth. Conversely, the growth of biologics & biosimilars and increase in demand for injectable drugs in prefilled forms offer lucrative opportunities for growth of the market.
The global prefilled syringes market size is projected to reach USD 12.88 Billion by 2029 from USD 5.60 Billion in 2020, at a CAGR of 9.7% during the forecast period.
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pharmaceutical companies can get benefit by saving the cost of vials. Pharmaceutical key players are suitable to minimize medicine waste and increase product life span, while patients are suitable to self- administer injectable medicines at their home rather of the hospital. In addition, re-filled syringes have also stayed employed across a wide range of therapeutic sectors, similar as blood instigations, vaccines, and remedial proteins.
Prefilled Syringes Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Becton, Dickinson and Company, Gerresheimer, Baxter International Inc, West Pharmaceutical Services, Inc., Nipro Corporation, Elcam Medical, Oval Medical Technologies, SHL Medical AG, Terumo, SCHOTT AG, Ompi, Weigao Group, YPSOMED, Elcam Medical and Others
Recent Development
In July 2020, Becton, Dickinson and Company entered into a partnership with Biomedical Advanced Research and Development Authority (BARDA) (US)
In July 2020, the global market player signed a partnership with Biomedical Advanced Research and development authority, which is a part of the US market, in the North American region.
In July 2018, the same company went on with the acquisition of Teva Medical Inc. which is a part of the US market. Further, the same company launched the BD Intevi 1mL two-step disposable autoinjector that will enhance the market size of the company.
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Prefilled Syringes Market Segmentation:
Prefilled Syringes Market by Type, 2020-2029, (USD Million), (Thousand Units)
Conventional Prefilled Syringes
Safety Prefilled Syringes
Prefilled Syringes Market by Therapeutic, 2020-2029, (USD Million), (Thousand Units)
Large Molecules
Small Molecules
Prefilled Syringes Market by Material, 2020-2029, (USD Million), (Thousand Units)
Glass Prefilled Syringes
Plastic Prefilled Syringes
Prefilled Syringes Market by Closing System, 2020-2029, (USD Million), (Thousand Units)
Staked Needle System
LUER Cone System
LUER Lock Form System
Prefilled Syringes Market by Design, 2020-2029, (USD Million), (Thousand Units)
Single-Chamber
Double-Chamber
Multiple-Chamber
Prefilled Syringes Market by Distribution Channel, 2020-2029, (USD Million), (Thousand Units)
Hospitals
Mail Order Pharmacies
Ambulatory Surgery Centers
Prefilled Syringes Market by Application, 2020-2029, (USD Million), (Thousand Units)
Diabetes
Rheumatoid Arthritis
Anaphylaxis
Cancer
Thrombosis
Ophthalmology
Others
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Growth Factors:
Increasing demand from the Prefilled Syringes industries
The growing use of Prefilled Syringes in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Prefilled Syringes Market
Prefilled Syringes Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Prefilled Syringes Market Trends
- The report identifies, determines, and forecasts the Global Prefilled Syringes Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Prefilled Syringes Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Prefilled Syringes Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Prefilled Syringes Market.
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