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Pre Filled Syringes Market Report 2023-2032: Segments, Share Analysis And Revenue Forecast | Becton Dickinson and Company, Gerresheimer AG, Schott Group, West Pharmaceutical Services Inc., Baxter International Inc
Pre Filled Syringes Market
The Business Research Company's Pre Filled Syringes Global Market Report 2023 identifies high demand for pre-filled syringes to administer COVID-19 vaccines as the major driver for the Pre Filled Syringes market's growth in 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.
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 are Becton Dickinson and Company, Gerresheimer AG, Schott Group, West Pharmaceutical Services Inc., Baxter International Inc.
A key trend in the Pre Filled Syringes market includes Product recalls. A product recall is a process of retrieving or replacing the products already in the market, wherein the company bears the cost of replacing and fixing defective products or reimbursing affected consumers. Product recalls and affecting a market substantially as they can affect the company's performance within the market, change its financial profile, and negatively impact its reputation.
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The Pre Filled Syringes market is segmented -
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, Other Applications
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Pre Filled Syringes market.
The Business Research Company's "Global Pre Filled Syringes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Pre-filled Syringes Market
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
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