Press release
Global Plastic Pre-Filled Syringes Market Is Booming Worldwide 2023-2028 | BD, Gerresheimer, Schott,J.O.Pharma, Nipro
The Global Plastic Pre-Filled Syringes market size was valued at USD 18.43 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.95% from 2022 to 2030.The primary reasons driving the market expansion are an increase in the demand for effective and user-friendly drug delivery systems and an increase in the efforts made by healthcare professionals to lower hospital errors. During the projected period, the market expansion is anticipated to be driven by the rapid development of feature-rich devices with underlying technology breakthroughs enabling safer and convenient self-injections for patients.
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Due to the surge in demand for home healthcare services, market participants have expanded their investments in raw materials and resources. Health care providers have adopted telemedicine, which helps to lessen face-to-face interaction, in response to new and various ways of providing the necessary quantity of care. The strain on healthcare systems has been reduced by the expanded role of community and individual pharmacists in the management of chronic illnesses and the promotion of medication adherence during the COVID-19 pandemic outbreak. In general, COVID-19 had a moderately beneficial effect on the market for prefilled syringes. The increase in demand for prefilled syringes over glass ampoules or any other extra needles was blamed for this.
During the forecast period, the segment for reusable prefilled syringes is anticipated to increase at the fastest rate. Due to the expensive cost of the devices and the sophisticated technology required, businesses are putting more and more emphasis on designing reusable gadgets, which will help cut expenses. The need for multi-dose, reusable devices like insulin pens and Epipens has increased due to the frequent and urgent need for rapid dosing in illnesses like diabetes and allergy. Reusable prefilled syringe and needle use is being promoted by governments in emerging nations in an effort to decrease the spread of disease among patients, which will drive the segment's expansion throughout the projected period.
Top key players of Global Plastic Pre-Filled Syringes Market:
• BD
• Gerresheimer
• Schott
• J.O.Pharma
• Nipro
• Roselabs
• Fresenius Kabi
• Baxter
• West Pharma
• Terumo
• Taisei Kako
• MedXL
• Cardinal Health
• Guerbet
Market: By Types
• COP (cyclic olefin polymer)
• COC (cyclic olefin copolymer)
• PP and Other
Market: By Applications
• Antithrombotics
• Vaccines
• Biologics
Global Plastic Pre-Filled Syringes Market: Regional Analysis
The countries covered in the regional analysis of the Global Plastic Pre-Filled Syringes market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Global Plastic Pre-Filled Syringes market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.
Reasons to Purchase this Report:
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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