Medical Devices & Consumables / Prefilled Syringes Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: BD, Gerresheimer, Nipro Corporation, Schott
Prefilled Syringes Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: BD, Gerresheimer, Nipro Corporation, Schott
The global Prefilled Syringes market is estimated to grow at 11.2% CAGR during the forecast period (2022-2027).
Prefilled Syringes Market Overview
Prefilled syringes are injectable drug delivery containers for administering medications through the parenteral method. Pharmaceutical companies see them as one of the most efficient ways to deliver a variety of injectable medications, including biologics and biosimilars. The demand for prefilled syringes is mostly driven by this factor. In the event of an emergency, they make drug delivery simple and speedy.
The increased prevalence of chronic diseases such as diabetes and other autoimmune diseases is expected to fuel market demand in the future years. According to the American Autoimmune Related Diseases Association Inc. (AARDA), over 50 million Americans are currently affected by autoimmune illnesses. The global market is expected to expand due to rising demand for biological pharmaceuticals and advances in pre-fillable syringe technologies to meet unmet needs for treating chronic diseases around the world. In addition, the rising number of product launches by major companies and high product uptake by healthcare professionals are expected to increase the market during the projection period.
The report aspects discussed the profile of the top manufacturers of the global Prefilled Syringes market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Prefilled Syringes Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Prefilled Syringes Market Growth Derivers
Growing concerns regarding safety of injectables
Worldwide increase in incidences of diabetes and rheumatoid arthritis
Technological advancements in prefilled syringes in North America
Growing adoption of biosimilars in developed regions
Industry News and Updates:
24 January 2022- Owen Mumford announces on market release of UniSafe® 1mL safety device for pre-filled syringes featuring industry-first springless mechanism -- Top of Form
Owen Mumford Pharmaceutical Services, a division of Owen Mumford Ltd. announces that its UniSafe® 1mL safety device for pre-filled syringes has been approved as a combination product in Asia. In Europe regulatory approval has also been granted for UniSafe 1mL and the product is now available on market as a combination product with a drug for treatment of rheumatoid arthritis.
Lubricants have long been a necessary evil for prefillable syringes. They aid in reducing the injection force to make the treatment more comfortable for the patient, yet could also influence and harm the drug. Pharma packaging specialist SCHOTT has successfully tackled this challenge and presents syriQ BioPure® lubricant-free – the first prefillable glass syringe (PFS) that completely eliminates the need for silicone or similar substances. The new syringe will be available in the course of 2019.
What are the major Applications, Types and Regions for Prefilled Syringes Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Glass Prefilled Syringes
Plastic Prefilled Syringes
By Application, it is segmented into
Vaccine
Antithrombotic Drugs
Bioengineered Drugs
Other
Prefilled Syringes Market Regional Analysis
Europe dominated the global market, generating USD 2.66 billion in revenue in 2021. The rising use of biologics as a therapeutic option for chronic diseases, as well as widespread acceptance of improved delivery techniques for drug self-injection, are two main drivers that are expected to boost demand for prefilled syringes in Europe. Furthermore, the presence of significant manufacturers working on prefillable syringe development in Europe is expected to support market growth.
Because of the rise in numerous chronic conditions, such as diabetes and rheumatoid arthritis, North America is expected to have the second-largest market share after Europe, owing to the increased demand for prolonged drug administration at an accurate dosage. Product launches are becoming more common, and the presence of major players is expanding.
The market in Asia Pacific is expected to rise at a quick pace during the projected period, owing to rising chronic illness prevalence, increased use of these syringes, and a rapidly growing patient population. Furthermore, increased awareness of advancements in these syringes, as well as a major increase in contract manufacturing businesses outsourcing packaging and filling services, are expected to promote market growth in the region.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Prefilled Syringes Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Prefilled Syringes Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Prefilled Syringes Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 11.2% over the forecast period (2022-2027)
What are the major end-use applications of Prefilled Syringes Market?
Vaccine, Antithrombotic Drugs, Bioengineered Drugs, Other
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SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
