Prefilled Syringes Market Growth Drivers & Opportunities [2028]

Prefilled Syringes Market: Industry Perspective

The global prefilled syringes market size was worth around USD 6.1 billion in 2021 and is predicted to grow to around USD 17.2 billion by 2028 with a compound annual growth rate (CAGR) of roughly 9.5% between 2022 and 2028.

The report analyzes the global prefilled syringes market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the prefilled syringes industry.

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Prefilled Syringes Market: Overview

Prefilled Syringes are injectable medicine delivery containers that are devised for drug administration through the parental route. Furthermore, pharmaceutical firms are considering prefilled syringes as an effective tool for delivering a slew of injectable medicines including biosimilars and biologics. Reportedly, these products facilitate easy & quick drug delivery during emergencies. 

The prefilled syringes help in reducing drug contamination risks through the 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 the additional procedure of on-site vial cleaning as well asde-pyrogenation.

COVID-19 Impact Analysis

COVID-19 pandemic has had a favorable impact on the prefilled syringes market with the large use of vaccines for preventing COVID. The increase in pharmaceutical packaging activities during the COVID crisis & at the time(of peak) of the pandemic (period) has enhanced the sale of prefilled syringes. Manufacturers have increased their production capacity to fulfill escalating demand for prefilled syringes. Citing an instance, the U.S. administration signed an agreement of about USD 139 million with prefilled syringe manufacturers.

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Prefilled Syringes Market: Growth Dynamics

The massive necessity of prefilled syringes is owing to the rise in the occurrence of chronic ailments, technological breakthroughs, and surging acceptance of self-injecting parenteral equipment will drive market trends. Furthermore, favorable government laws overuse of prefilled syringes in the healthcare sector including clinics, hospitals, and ambulatory surgical units will open new vistas of growth for the prefilled syringes market. Apart from this, prefilled syringes help make injections easy, safe, and accurate for both subjects and physicians. This will create new growth avenues for the prefilled syringes industry.

Moreover, these medical devices have evolved as one of the rapidly emerging options for unit doses of medicine with the pharmaceutical sector seeking user-friendly drug delivery methods. This will drive market trends. In addition to this, prefilled syringes are compatible with auto-injection tools & secure equipment. Furthermore, these medical products find an array ofapplications in the therapeutic sector that include therapeutic proteins, vaccines, and blood stimulants. Elimination of dosing errors & user-friendliness are some of the beneficial features of filled syringes. These features differentiate it from conventional syringes and hence they are preferred over the latter.

The 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 global prefilled syringes market is segmented based on material, type, application, and region.

Based on material, the prefilled syringes market can be segmented 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 are another key outlet and are expected to witness the fastest growth on account of the technological advancement of polymer technology-based plastics used to manufacture prefilled syringes.

By application, the prefilled syringes market is divided into diabetes, anaphylaxis, oncology, and rheumatoid arthritis.

On the basis of type, the prefilled syringes market can be segmented into with needles and without needles.

Prefilled Syringes Market: Report Scope

Prefilled Syringes Market: Regional Analysis

Europe Prefilled Syringes Market To Retain DominanceOver 2022-2028

Regional market growth over the forecasting timespan can be credited to the rise in the use of biological medicines in the healthcare sector along with breakthroughs witnessed in prefilled syringe systems for fulfilling unmet requirements to treat chronic ailments in Europe. An increase in the use of biologics for treating chronic disorders along with the need for strong drug packaging in sophisticated container enclosures & drug delivery systems will spur the expansion of the prefilled syringe industry in the European continent.

The surge in demand for prefilled syringes to safely deliver bio-similar will expand the size of the prefilled syringes market in the region.  Launching of new products by giant players coupled with large-scale acceptance of this medical equipment by healthcare service providers will promulgate the progression of the prefilled syringe market inthe  European zone.

Prefilled Syringes Market: competitive landscape

The global prefilled syringes market is dominated by players like:

• 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 as follows;

By Material

• Glass-based Prefilled Syringe
• Plastic-based 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