Press release
Prefilled Syringes Market Size to Surpass USD 12.88 Billion, Growth Drivers, Trends and Segment Outlook till 2029 - Becton, Dickinson and Company, Gerresheimer, Baxter International Inc
The global market for Prefilled Syringes estimated at USD 5.60 Billion in 2022, is projected to reach a revised size of USD 12.88 Billion by 2029 registering a compounded annual growth rate (CAGR) of 9.7% over the period 2023-2029.The latest report titled Prefilled Syringes Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Prefilled Syringes market.
The report describes the profile of the top manufacturers of the global Prefilled Syringes market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.
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Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Prefilled Syringes market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Prefilled Syringes market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Prefilled Syringes market is 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.
Prefilled Syringes Market Recent Developments
In January 2022, Owen Mumford announced that it received approval for its UniSafe 1mL safety device for pre-filled syringes in Asia. In Europe, regulatory approval has also been granted for UniSafe 1mL, and the product is now available on the market as a combination product with a drug for the treatment of rheumatoid arthritis.
In January 2021, Aurobindo Pharma Limited received approval from the United States Food and Drug Administration (USFDA) to manufacture and market Naloxone HCl Injection Prefilled Syringe 2 mg/2 mL.
Prefilled Syringes Market Segmentation:
Global Prefilled Syringes Market by Type, 2023-2029, (USD Million), (Thousand Units)
Conventional Prefilled Syringes
Safety Prefilled Syringes
Global Prefilled Syringes Market by Therapeutic, 2023-2029, (USD Million), (Thousand Units)
Large Molecules
Small Molecules
Global Prefilled Syringes Market by Material, 2023-2029, (USD Million), (Thousand Units)
Glass Prefilled Syringes
Plastic Prefilled Syringes
Global Prefilled Syringes Market by Closing System, 2023-2029, (USD Million), (Thousand Units)
Staked Needle System
LUER Cone System
LUER Lock Form System
Global Prefilled Syringes Market by Design, 2023-2029, (USD Million), (Thousand Units)
Single-Chamber
Double-Chamber
Multiple-Chamber
Global Prefilled Syringes Market by Distribution Channel, 2023-2029, (USD Million), (Thousand Units)
Hospitals
Mail Order Pharmacies
Ambulatory Surgery Centers
Global Prefilled Syringes Market by Application, 2023-2029, (USD Million), (Thousand Units)
Diabetes
Rheumatoid Arthritis
Anaphylaxis
Cancer
Thrombosis
Ophthalmology
Others
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Regional Framework
The Prefilled Syringes Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Prefilled Syringes market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Preference for Self-administrable Devices Bolstering Demand for Prefilled Syringes
A significant factor driving the market for prefilled syringes is the global increase in the incidence and prevalence of chronic and lifestyle illnesses. In addition, because of their ease of use and safety, self-injection tools like saline syringes are becoming more and more popular. In 2022, there were 436 million diabetics in the globe (9.3% prevalence). The population is anticipated to increase to 700 million by 2045 (prevalence 10.9%). Moreover, type 1 diabetes affects more than 1.1 million adolescents and teens (Source: International Diabetes Federation).
Reduction of Overfill Waste and Mitigation of Risk of Misuse Augmenting Prefilled Syringes Market
Major technical advancements in the syringe sector include the introduction of needlestick safety-equipped devices, cutting-edge lubricating technology, and the kind of multi-chamber syringes. Prefilled syringe usage has helped pharmaceutical businesses cut down on medication waste while also extending the life of their products. Prefilled syringes are seen to be the ideal way to store pharmaceuticals since they encourage self-administration, minimise the danger of abuse, and reduce overfill waste. Patients, healthcare professionals, and manufacturers all gain from this in equal proportion.
This Report Also Includes:
» Prefilled Syringes Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies' strategic developments
» Prefilled Syringes Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Prefilled Syringes research report:
Underlying macro- and microeconomic factors impacting the Sales of Prefilled Syringes.
Basic overview of the Prefilled Syringes, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Prefilled Syringes across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Prefilled Syringes market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Prefilled Syringes market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market's evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Prefilled Syringes market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Prefilled Syringes Market in the coming years?
✦ What are the most significant challenges that the global Prefilled Syringes Markets may face in the future?
✦ What are the top companies in the global Prefilled Syringes market?
✦ What are the main trends that are positively impacting the market's growth?
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