14-Mar-2022 | Zion Market Research
As per study of Zion Market Research, Prefilled Syringes industry gained revenue worth nearly US$ 6.1 billion in 2021 and is anticipated to accrue returns about US$ 17.2 billion by 2028. In addition to this, Prefilled Syringes market is prognosis to record CAGR of almost 4.9% in 2022-2028. Apparently, growth of prefilled syringes market over forecast timespan is subject to surging occurrence of chronic ailments and rise in adoption of self-injecting parenteral equipment.
Growing concerns pertaining to safety of injections will create new growth avenues for prefilled syringes industry. In addition to this, a prominent rise in number of diabetics and patients affected due to rheumatoid arthritis will steer size of prefilled syringes market. Apart from this, technological breakthroughs in auto-injectors have augmented expansion of prefilled syringes industry. Humungous use of new drug delivery equipment for exact dosing and need for improving safety of patients are some of the key factors supplementing demand for prefilled syringes in healthcare industry.
Expansion of glass prefilled syringe industry over forecast timespan is due to rise in use of use of glass materials in producing prefilled syringes as a result of unreactive feature of glass. Apart from this, massive demand for glass prefilled syringes in pharmaceutical sector has driven growth of glass prefilled syringe segment. Ban on use of plastic material in manufacture of prefilled syringes by large number of countries has resulted into enlarged demand for glass material use in prefilled syringes production.
Expansion of regional market over forecast timeframe is subject to increase in cases of chronic disorders in ageing populace of the U.S. Large-scale presence of industry participants having robust distribution network across healthcare industry will drive regional market trends. Escalating incidences of chronic disorders including rheumatoid arthritis and diabetes (requiring exact drug dose through vials) in countries such as the U.S. will culminate into huge growth of prefilled syringes market in North America.
Few of giant players have exerted a huge influence on prefilled syringes market and will continue to do so even in foreseeable future. They are Baxter International, Inc., Bespak, Stevanato Group, Schott AG, Nipro Corporation, Becton, Dickinson & Company, West Pharmaceutical Services, Inc., Vetter Pharma International GmbH, Unilife Corporation, and Gerresheimer AG.
Browse the full “Prefilled Syringes Market- By Material (Glass Prefilled Syringe and Plastic Prefilled Syringe), By Type (With Needle and Without Needle), and By Application (Diabetes, Anaphylaxis, Oncology, and Rheumatoid Arthritis): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/prefilled-syringes-market
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