prefilled syringe market to exceed US$ US$ 15,003.68 million by 2030, says Premium Market Insights

The global prefilled syringe market is expected to reach US$ 6,698.94 million in 2022 to US$ 15,003.68 million by 2030; the market is estimated to record a CAGR of 15.8% from 2022 to 2030.Prefilled Syringe Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Disposable Prefilled Syringes and Reusable Prefilled Syringes), Material (Glass Prefilled Syringes and Plastic Prefilled Syringes), Product Type (Single Chamber and Multi-Chamber), Application (Cancer, Diabetes, Cardiovascular Disease, Autoimmune Disease, Infectious Disease, and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Channel), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

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Competitive Landscape: Prefilled Syringe Market:
The prefilled syringe market growth is attributed to increasing prevalence of chronic disorders and growing adoption of self-injecting parenteral devices. However, increasing product recalls is hindering the market growth. Increasing Prevalence of Chronic Disorders to Develop Prefilled Syringe The growing aging population and changes in social behavior and lifestyle contribute to some of the common long-term health conditions. As per the World Health Organization (WHO), the prevalence of chronic lifestyle diseases is expected to increase by 57% by the end of 2026. The emerging markets will be hit hardest, as a population explosion is expected in developing countries. With the increasing urbanization, people are more inclined toward a sedentary lifestyle, which results in rheumatoid arthritis, diabetes, and others. Diabetes is one of the major global health issues of the 21st century. According to the International Diabetes Federation (IDF), the number of people with diabetes in North America was about 46 million in 2019 and is projected to reach 62 million by 2045. The increase in disease prevalence is approximated to be 35% during the projection period.Other chronic conditions such as Crohn's disease, multiple sclerosis, and cardiovascular disorders require frequent drug administration for disease management and treatment. As per the WHO, cardiovascular disorders are the leading cause of death-nearly 17.9 million deaths are reported every year due to cardiovascular disorders. It has become a new standard for injectable drug delivery among large patient populations globally. Moreover, these prefilled syringes can be used by a large patient population with minimal training and do not require constant assistance from healthcare professionals, owing to which prefilled syringes are adopted largely in professional healthcare environments as well as home healthcare settings, thereby driving the prefilled syringes market growth.

Gerresheimer AG
Schott Group
Nipro Medical Corporation
BD
Baxter International Inc.
Terumo
YPSOMED
Weigao group
B Barun
Deltamed
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Chapter Details of Prefilled Syringe Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Prefilled Syringe Market Landscape
Part 04: Prefilled Syringe Market Sizing
Part 05: Prefilled Syringe Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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This release was published on openPR.