Press release
Prefilled Syringes Market Size to Hit USD 4.97 billion by 2035| Exclusive Report by Roots Analysis
Prefilled syringes: setting new standards for safe and efficient drug administration. With the increasing population, the incidence rates of various chronic diseases, such as diabetes, autoimmune disorders, cardiovascular disorders and oncological disorders, are witnessing an upward trend.The global prefilled syringes market, valued at USD 3.02 billion in 2024, is project to reach USD 3.19 billion in 2025 and USD 4.97 billion by 2035, representing a CAGR of 4.5% during the forecast period 2025 to 2035.
Various conditions require regular and long-term medications, driving a demand for reliable drug delivery systems. Further, non-adherence to prescribed medication regimen is one of the major factors that not only causes negative implications on the patient's health, but also adds to the overall pharmaceutical industry's burden. According to an article published by Contract Pharma in April 2022, non-adherence to prescribed medicines is estimated to cost more than USD 250 billion annually to the drug developers.
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As a result, drug delivery devices have undergone significant advancements in the recent years, providing various options to administer a myriad of drugs (catering to different indications) with accuracy and ease. Among the various innovations, prefilled syringes have gained prominence in the healthcare domain as they offer various advantages, including simplified drug administration process (as there is no need for manual filling of drugs), decreased dosing errors (as the syringe is preloaded with precise medication), reduced risk of contamination (as the prefilled syringes are sealed) and enhanced patient adherence (as they can be readily administered in home settings).
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Notably, the prefilled syringes domain has witnessed some innovations, that have been mentioned below:
1. Needle Safety Features: Needle safety mechanisms such as shielded needles or retractable needles have been incorporated to prevent needle stick injuries and improve safety of the devices.
2. Integration of Autoinjectors: Autoinjectors have been incorporated with prefilled syringes to offer user friendly and automated drug administration.
3. Dual Chamber Prefilled Syringes: These syringes allow mixing to two different drugs, such as lyophilized drugs and diluents, just prior to their administration
4. Flush Syringes: These syringes are designed for flushing vascular access devices, such as catheters and intravenous lines
The current market landscape features the presence of close to 125 prefilled syringes that are currently available / under development for the delivery of different types of medications. The prefilled syringes market is highly fragmented, featuring the presence of established companies, as well as emerging start-ups. Majority of the companies engaged in this domain are headquartered in Asia-Pacific; of these, over 40% are based India. Notably, players engaged in this domain are shifting their focus towards the development of plastic prefilled syringes; this can be attributed to the various advantages offered by these syringes, including breakage resistance, light-weight, economical manufacturing and decreased risk of contamination. Further, over 5% of the syringes are available in both glass as well as plastic barrel format.
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Contact Details for Roots Analysis
Chief Executive: Gaurav Chaudhary
Email: Gaurav.chaudhary@rootsanalysis.com
Website: https://www.rootsanalysis.com/
About Roots Analysis
Roots Analysis is a global leader in the market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.
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