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Pre-Fillable Syringe Closures and Accessories Market Know the Scope and Trends
According to the latest research by InsightAce Analytic, the Global Pre-Fillable Syringe Closures and Accessories Market is valued at US$ 1852.19 Million in 2021, and it is expected to reach US$ 4265.60 Million by 2030, with a CAGR of 9.9% during the forecast period of 2022-2030.
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For packaging injectable medications and diluents, prefilled syringes are used. These devices are intended to bypass the drug withdrawal process and administer the medication directly to the patient. Therefore, this reduces microbial contamination and drug interaction with prefilled syringes. The prefilled syringe is composed of glass or polymer with components such as plunger stoppers, needle shields, plunger rods, etc., which play a crucial role in packaging complex and sensitive biopharmaceutical medications. The choice of packaging material can affect processability, compatibility, and the manufacturing process. The market for prefilled syringes in Europe is more mature than in the United States.
Demand for prefilled syringes and more elegant drug delivery are significant driving factors. Increasing collaborations to develop innovative needles with fewer interactions between primary packaging materials and drug products will also contribute to expanding the market. Prefilled syringes eradicate dosing errors because prefilled syringes contain the exact dose and processes necessary before drug vial administration. Rapid investments in the research and development of the highest quality prefilled syringes will stimulate the global market for syringe closures and related accessories.
Traditional drug delivery processes, which may create stability issues, safety systems, low-cost alternatives, and the need for more sophisticated delivery forms as their needs become more complex, are some market restraints. For manufacturers of pre-fillable syringe closures and accessories to remain competitive, they must make more significant investments.
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Due to substantial funding and partnerships to reduce production errors and innovative developments for low-cost and more manageable designs, Europe dominates the market's regional expansion, followed by North America.
Key market players are BD (Becton, Dickinson and Company), Dätwyler Holding Inc., Gerresheimer AG, West Pharmaceutical Services, Inc., AptarGroup, Inc., Nipro PharmaPackaging International, Stevanato Group, Helvoet Rubber & Plastic Technologies BV, Nemera , chott AG, W. L. Gore & Associates, Inc., Owen Mumford Ltd, SANNER GMBH, and Other Prominent Player.
Key Developments in the market:
• In Jan 2022, West Announced Landmark Collaboration with Corning in Pharmaceutical Injectable Drug Delivery. Corning will invest multimillion dollars in capital and R&D to enable enhanced drug containment and delivery system solutions as part of the exclusive long-term supply and development arrangement.
• In Oct 2021, BD Launched BD SCF PremiumCoat Plunger Stopper in Partnership with Aptar Pharma to Enhance Biologic Drug Delivery. This launch brings a new generation of coated plunger stopper solutions to the market to support the protection of sensitive drugs by reducing the quantity and species of probable leachable.
• In Oct 2021, West expanded its NovaGuard SA Pro Safety System aids in India with the launch of a 0.5mL standard syringe device. West aims to bring more value to local customers and the healthcare industry.
• In June 2020, Nemera and Noble announced a collaboration to support self-administer medication patients. This partnership allows Noble to support Nemera's launch of the new safety device, Safe'n'Sound 2.25 ml, by incorporating a healthy training platform program with the drug delivery device.
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Market Segments
Global Pre-Fillable Syringe Closures and Accessories Market, by Product, 2022-2030 Value US$ Mn and Volume (No. of Units)
• Glass Syringes
o Plunger Stoppers
o Plunger Rods
o Backstops
o Needle shields
o Closure systems for luer lock syringes
o Closure systems for luer cones syringes
o Safety System/Component
• Polymer Syringes
o Plunger Stoppers
o Plunger Rods
o Backstops
Global Pre-Fillable Syringe Closures and Accessories Market, by End-user, 2022-2030 Value US$ Mn and Volume (No. of Units)
• Pharmaceutical & Biotechnology Companies
• Contract Research & Manufacturing Organizations
• Other Institutes
Global Pre-Fillable Syringe Closures and Accessories Market, by Region, 2022-2030 Value US$ Mn and Volume (No. of Units)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
• U.S.
• Canada
Europe Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global pre-fillable syringe closures and accessories market
To receive an industry overview and future trends of the pre-fillable syringe closures and accessories market
To analyze the pre-fillable syringe closures and accessories market drivers and challenges
To get information on the pre-fillable syringe closures and accessories market size Value US$ Mn and Volume (No. of Units) forecast to 2030
Significant investments, mergers & acquisitions in the pre-fillable syringe closures and accessories industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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