Published on: May 2022
Exploring the global domination of the prefilled syringe with Industry Data Analytics
According to a new estimate, the global market for prefilled syringes is expected to reach USD 22.5 billion by 2025. During the forecast years, the market is expected to grow at a CAGR of 11.2 percent. The market is being driven by the increasing use of prefilled syringes and technological developments in auto-injectors. Because of the benefits they provide, such as greater patient safety and simplicity for healthcare practitioners in dose preparation and delivery, prefilled syringes are quickly replacing traditional syringe-vial combinations.
Projections and Trends on the prefilled syringe market
These syringes make chronic conditions like diabetes and rheumatoid arthritis easier to treat, which is likely to increase the use of autoinjectors and pen injectors over the projection period. As a result, rising rates of diabetes and other chronic diseases will boost market demand in the coming years. The advent of upgraded gadgets with Wi-Fi and Bluetooth connectivity that allow for more efficient management of patient health records is also likely to stimulate demand.
The study's other important conclusions include:
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