Single-Chamber Prefilled Syringes Market 2024: Innovation, Safety, and Market Expansion

"The Business Research Company recently released a comprehensive report on the Global Single-Chamber Prefilled Syringes Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The single-chamber prefilled syringes market size has grown rapidly in recent years. It will grow from $9.74 billion in 2023 to $11 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to growth in pharmaceutical and biotechnology sectors, patient-friendly drug administration, safety and ease of use, demand for precise drug dosing, regulatory approvals and guidelines..

The single-chamber prefilled syringes market size is expected to see rapid growth in the next few years. It will grow to $19.22 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to biologics and biosimilars in prefilled syringes, self-administration and home healthcare, pediatric and geriatric drug delivery, combination products with auto-injectors, regulatory emphasis on drug safety, telemedicine and remote monitoring.. Major trends in the forecast period include prefilled syringes with connected devices, sustainable and biodegradable materials, customized and patient-specific syringe options, needlestick prevention and safety features, prefilled syringes for cell and gene therapies, prefilled syringes with anti-counterfeiting measures..

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Market Drivers and Trends:

The growing prevalence of chronic diseases such as diabetes and cancer are contributing to the growth of the single-chamber prefilled syringe market. Diabetes patients who require insulin therapy when medicines cannot control their blood glucose levels use the single-chamber prefilled syringe. According to the IDF Diabetes Atlas 2021, an organization that promotes diabetes care, prevention, and a cure worldwide, 1 in 10 individuals (20-79 years old) have diabetes, which affects 537 million people. By 2030, this figure is expected to reach 643 million, and by 2045, it will reach 783 million. According to the American Cancer Society, in 2021, 1.9 million new cancer cases will be registered. Therefore, the growing prevalence of chronic diseases such as diabetes and cancer drives the market for single-chamber prefilled syringes.

Growing technological advancements are shaping the single-chamber prefilled syringe market. Major companies operating in the single-chamber prefilled syringe sector are focused on developing technological solutions for the single-chamber prefilled syringe market to strengthen their position. For instance, in September 2022, Otsuka America Pharmaceutical, Inc., a US-based healthcare company, and H. Lundbeck A/S, a Danish international pharmaceutical company, introduced Aripiprazole 2-month. It comes in a single-chamber, prefilled syringe and is a 2-month, ready-to-use, long-acting injectable form of aripiprazole. The gluteal muscle is where it is to be injected intramuscularly every two months for the dosage.

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Major Key Players of the Market:

Becton, Dickinson and Company, Gerresheimer Glass Inc., Schott AG, Catalent Inc., Nipro Medical Corporation, Weigao Group Medical Polymer Company Limited, Stevanato Group S.p.A., Baxter International Inc., Vetter Pharma International GmbH, Terumo Corporation, Ypsomed Holding AG, SHL Medical AG, Ompi, Elcam Medical A.C.S. Ltd., Oval Medical Technologies Ltd., West Pharmaceutical Services Inc., Gerresheimer Regensburg GmbH, SCHOTT North America Inc., Vetter Pharma-Fertigung GmbH & Co. KG, Aptar Pharma Services Inc., Bespak Europe Ltd., Credence MedSystems Inc., Datwyler Pharma Packaging International Holding AG, Dätwyler Sealing Solutions AG, Fresenius Kabi AG, Haselmeier GmbH, Hikma Pharmaceuticals PLC, HTL-STREFA S.A., Intas Pharmaceuticals Ltd.

Single-Chamber Prefilled Syringes Market 2024 Key Insights:

• The single-chamber prefilled syringes market size is expected to see rapid growth in the next few years. It will grow to $19.22 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%.
• Rising Prevalence Of Chronic Diseases Fuels Single-Chamber Prefilled Syringes Market Growth
• Technological Advancements Drive The Evolution Of Single-Chamber Prefilled Syringe Market
• North America was the largest region in the single-chamber prefilled syringes market in 2023

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