Prefilled Syringes Market Size, Share, Trends and Forecast, 2028

The global Prefilled Syringes Market accruedearnings worth approximately 6.1 (USD Billion) in 2021 and ispredicted to gain revenue of about 17.2(USD Billion) by 2028, isset to record a CAGR of nearly 9.5% over the period from 2022 to2028. The study provides assessment and analysis of the Prefilled Syringes Market on a global & regionallevel. It offers a comprehensive assessment of the marketcompetition, constraints, revenue estimates, opportunities,evolving trends, and industry-validated data. The report provideshistorical data from 2018 to 2021 along with a forecast from 2022to 2028 based on revenue (USD Billion).

Request Free Sample

COVID-19 Impact Analysis On Prefilled Syringes Market

COVID-19 pandemic has favorable impact on prefilled syringes market with large use of vaccines for preventing COVID. Increase inpharmaceutical packaging activities during COVID crises & at time(of peak) of the pandemic (period) has enhanced sale of prefilledsyringes. Manufacturers have increased their production capacity tofulfill escalating demand for prefilled syringes. Citing aninstance, the U.S. administration signed an agreement of about USD139 million with prefilled syringe manufacturers.

Request Free Sample

Prefilled Syringes Market: Overview

Prefilled Syringes are injectable medicine delivery containersthat are devised for drug administration through parental route.Furthermore, pharmaceutical firms are considering prefilledsyringes as an effective tool for delivering slew of injectablemedicines including bio-similars and biologics. Reportedly, theseproducts facilitate easy & quick drug delivery during emergencies. 

The prefilled syringes help in reducing drug contamination risksthrough insertion of a drug vial for drawing out a dose.Elimination of this medicine contamination risk with apre-sterilized syringe enhances safety along with removing theadditional procedure of on-site vial cleaning as well asde-pyrogenation.

Prefilled Syringes Market: Growth Dynamics

Massive necessity of prefilled syringes is owing to rise inoccurrence of chronic ailments, technological breakthroughs, andsurging acceptance of self-injecting parenteral equipment willdrive market trends. Furthermore, favorable government laws overuse of prefilled syringes in healthcare sector including clinics,hospitals, and ambulatory surgical units will open new vistas ofgrowth for prefilled syringes market. Apart from this, prefilledsyringes help in making injections easy, safe, and accurate forboth subjects and physicians. This will create new growth avenuesfor prefilled syringes industry.

Moreover, these medical devices have evolved as one of therapidly emerging options for unit dose of medicine withpharmaceutical sector seeking user-friendly drug delivery methods.This will drive market trends. In addition to this, prefilledsyringes are compatible with auto-injection tools & securedequipment. Furthermore, these medical products finds array ofapplications in therapeutic sector that include therapeuticproteins, vaccines, and blood stimulants. Elimination of dosingerrors & user-friendliness are some of beneficial features ofprefilled syringes. These features differentiate it fromconventional syringes and hence they are preferred over latter.

Prefilled syringes market is expected to witness noticeable growth in the years to come on account of rapid growth in the biologics market, and the increasing preference for self-administration using prefilled syringes, pen injectors, and auto-injectors. Furthermore, prefilled syringes offer several benefits such as ease of administration, accurate dosing, and reduced risk of contamination. These advantages form the basic foundation for the success of prefilled syringes and are likely to continue to drive the market during the forecast period. However, the presence of alternative drug delivery means and the high cost associated with the production of prefilled syringes is expected to be a major restraining factor for this market. Nonetheless, technical advances in the sector are expected to open up new growth avenues within the forecast period.

Prefilled Syringes Market: Segmentation

The prefilled syringes market can be segmented on the basis of types into glass-based prefilled syringes and plastic-based prefilled syringes. Glass-based prefilled syringes were the leading segment and it accounted for the largest share in terms of both volume and revenue. This growth is mainly attributed to glass as it offers favorable properties such as transparency, robustness, strength and chemical inertness. Plastic-based prefilled syringes is another key outlet and are expected to be witness fastest growth on account of technological advancement of polymer technology based plastics used to manufacture prefilled syringes.

Insulin, vaccines, and others are the key applications in the prefilled syringes market. Vaccines and insulin collectively accounted for the large chunk of market share in terms of volume and revenue on account of increasing prevalence of chronic diseases such as diabetes, which requires insulin administration on a daily basis. Thus, insulin segment is expected to show significant growth in the years to come.

Report Scope:

Prefilled Syringes Market: RegionalDynamics

Europe Prefilled Syringes Market To Retain DominanceOver 2022-2028

Regional market growth over forecasting timespan can be creditedto rise in use of biological medicines in healthcare sector alongwith breakthroughs witnessed in prefilled syringe systems forfulfilling unmet requirements to treat chronic ailment in Europe.Increase in use of biologics for treating chronic disorders alongwith need for strong drug packaging in sophisticated containerenclosures & drug delivery systems will spur expansion of prefilledsyringes industry in European continent. Surge in demand forprefilled syringe to safely deliver bio-similar will expand size ofprefilled syringes market in region.  Launching of newproducts by giant players coupled with large-scale acceptance ofthis medical equipment by healthcare service providers willpromulgate progression of prefilled syringes market in Europeanzone.

Prefilled Syringes Market: CompetitiveLandscape

Some of the giant participants have a long-lasting impact onmarket and are also profiled in our report. They are :

• Bespak
• SchottAG
• Nipro Corporation
• West Pharmaceutical Services, Inc.
• VetterPharma International GmbH
• Baxter International, Inc.
• Becton
• Dickinson & Company
• Unilife Corporation
• Stevanato Group
• Gerresheimer AG.

The global Prefilled Syringes Market is segmented asfollows:

By Material

• Glass Prefilled Syringe
• Plastic Prefilled Syringe

By Type

• With Needle
• Without Needle

By Application

• Diabetes
• Anaphylaxis
• Oncology
• Rheumatoid Arthritis

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa