Beyond the Vial: Prefilled Syringes Drive Efficiency and Accuracy, Market Expected to Reach US$ 12.9 Billion by 2030, RationalStat Predicts

The global prefilled syringes market is expected to approach US$ 12.9 billion by 2030, with an annual growth rate of more than 10.8%

Global Prefilled Syringes Market is valued at US$ 6.3 billion in 2023 and is expected to grow at a significant CAGR of over 10.8% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

Prefilled syringes help minimize medication wastage by providing accurate dosing and reducing the need for reconstitution, ensuring that patients receive the prescribed amount of medication. In addition, prefilled syringes offer a convenient and safe way to administer medications, reducing the risk of dosage errors and providing patients with a user-friendly option for self-injection.
Moreover, the increasing prevalence of chronic diseases, such as diabetes, rheumatoid arthritis, and multiple sclerosis, has led to a higher demand for prefilled syringes as they are often used for the long-term administration of medications.

• According to a deep-dive market assessment by RationalStat, the global prefilled syringes market has been analyzed on the basis of market segments, including material type, product design, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of
2023-2030.

• Market intelligence for the global prefilled syringes market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global prefilled syringes market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Prefilled Syringes Market: Segmental and Market Share Analysis

• On the basis of material, glass in anticipated to dominate the prefilled syringes market, principally due to its excellent barrier properties, thus making it the first choice for manufacturers, moreover, it has been observed that the majority approximately more than 85% of the prefilled syringes are made of glass.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 6.3 billion
Market Size Forecast US$ 12.9 billion
Growth Rate 10.8%

Key Market Drivers
• Rising chronic diseases
• Advancements in technology and medicines
• Growing ageing population

Companies Profiled
• BD
• Gerresheimer AG
• SCHOTT AG
• West Pharmaceutical Services Inc
• Helvoet Rubber & Plastic Technologies BV
• Nipro PharmaPackaging International
• AptarGroup Inc
• Terumo Corporation
• Baxter International Inc
• Ompi
• Weigao Group
• SHL Medical AG
• Elcam Medical

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global prefilled syringes market include,

• In May 2023, Schott launched pre-filled polymer syringes intended specifically for deep cold drugs.
• In September 2022, BD introduced BD EffivaxTM Glass Prefillable Syringe, in collaboration with various key players in the pharma industry. The BD EffivaxTM Glass Prefillable Syringe addresses the complex needs of vaccine manufacturing.

Some of the prominent players and suppliers operating and contributing significantly to the global prefilled syringes market growth include BD, Gerresheimer AG, SCHOTT AG, West Pharmaceutical Services Inc, Helvoet Rubber & Plastic Technologies BV, Nipro Pharma Packaging International, AptarGroup Inc, Terumo Corporation, Baxter International Inc, Ompi, Weigao Group, SHL Medical AG, and Elcam Medical, among others.

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RationalStat has segmented the global prefilled syringes market based on material type, product design, application and region
• Global Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Material Type
o Glass
o Plastic
o Others
• Global Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product Design
o Single Chamber
o Dual Chamber
• Global Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
o Vaccines
o Insulin
o Anticoagulants
o Others
• Global Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Prefilled Syringes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Prefilled Syringes Report:
• What will be the market value of the global prefilled syringes market by 2030?
• What is the market size of the global prefilled syringes market?
• What are the market drivers of the global prefilled syringes market?
• What are the key trends in the global prefilled syringes market?
• Which is the leading region in the global prefilled syringes market?
• What are the major companies operating in the global prefilled syringes market?
• What are the market shares by key segments in the global prefilled syringes market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
Content and Press Manager
sales@rationalstat.com
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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