Global Pre Filled Syringes Market Growth Overview, Key Trends, Leading Company Analysis, Industry Size And Forecast To 2032: Becton Dickinson and Company, Gerresheimer AG, Schott Group

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the pre filled syringes market report by The Business Research Company, the high demand for pre-filled syringes to administer COVID-19 vaccines is expected to boost the pre-filled syringes market during the forecast period. Pre-filled syringes are preferred for administering COVID-19 vaccines to reduce the risk for needle stick infections. To cater to the growing demand for administering COVID-19 vaccines, the companies are focusing on increasing the production of pre-filled syringes. For instance, in May 2020, the US Department of Defense awarded a contract of $138 million with ApiJect Systems America for "Project Jumpstart" and "RAPID USA" to facilitate pre-filled production syringes for the COVID-19 vaccine. Project Jumpstart supported the supply chain for prefilled syringes that manufacture 100 million prefilled syringes.

The global pre filled syringes market size grew from $6.39 billion in 2022 to $7.29 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pre filled syringes market size is expected to grow to $12.19 billion in 2027 at a CAGR of 13.7%.

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Major competitors in the pre filled syringes market include 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.

The pre filled syringes market is segmented -

• By Type: Conventional Prefilled Syringes, Safety Prefilled Syringes

• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

• By Design: Single-Chamber Prefilled Syringes, Dual- Chamber Prefilled Syringes, Customized Prefilled Syringes

• By Application: Diabetes, Rheumatoid Arthritis, Anaphylaxis, Cancer, Thrombosis, Ophthalmology, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the pre filled syringes market.

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The pre-filled syringes market consists of sales of glass prefilled syringes and plastic prefilled syringes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The Table Of Content For The Pre Filled Syringes Market Include:
1. Executive Summary
2. Pre Filled Syringes Market Characteristics
3. Pre Filled Syringes Market Trends And Strategies
4. Pre Filled Syringes Market - Macro Economic Scenario
5. Pre Filled Syringes Market Size And Growth
6. Pre Filled Syringes Market Segmentation
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27. Pre Filled Syringes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pre Filled Syringes Market
29. Pre Filled Syringes Market Future Outlook And Potential Analysis
30. Appendix

The "Global Pre Filled Syringes Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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