The Pre Filled Syringes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pre Filled Syringes Global Market
Report 2024, The pre filled syringes market size has grown rapidly in recent
years. It will grow from $7.42 billion
in 2023 to $8.51 billion in 2024 at a
compound annual growth rate (CAGR) of 14.8%.
The growth in the historic period
can be attributed to growth in the pharmaceutical and biotechnology industry,
expansion of biologics and vaccines, demand for user-friendly and precise drug
delivery, increase in home healthcare and self-administration, regulatory
standards for drug safety and packaging..
The pre filled syringes market size is expected to see rapid growth in the next
few years. It will grow to $14.46
billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be
attributed to customized pre-filled syringe solutions for specific drugs,
expansion of biodegradable and sustainable materials, innovation in connected
and smart syringes, increased use in telemedicine and telehealth, adoption in
long-acting injectable medications.. Major trends in the forecast period
include regulatory compliance in pre-filled syringe safety, smart and connected
syringes for precise dosing, biodegradable and eco-friendly syringe materials,
personalized syringe solutions for patient populations, transparency and
traceability in drug delivery..
Rise in home-based healthcare is expected to boost the pre-filled syringe
market during the forecast period. Home-based healthcare refers to the delivery
of medical treatment and support to patients in their homes, intended to
support patients in getting better, managing their illnesses and receiving care
in the convenience of their own homes.
The pre-filled syringe market is poised for substantial growth as it
caters to the evolving healthcare landscape by ensuring precise dosing, reduced
risk of contamination, and improved patient compliance, ultimately enhancing
the quality of care delivered in the comfort of one's home. For instance, in
February 2023, according to the National Association for Home Care and Hospice,
a US-based non-profit organization representing the interests of chronically
ill, disabled and dying US nationals, approximately 12 million Americans
receive some kind of home healthcare each year and that number is expected to
continue to grow. Thus, the rise in
home-based healthcare is expected to fuel market growth during the forecast
period.
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The pre filled syringes market covered in this report is segmented –
1) By Type: Conventional Prefilled Syringes, Safety Prefilled Syringes
2) By Material: Glass Prefilled Syringes, Plastic Prefilled Syringes
3) By Design: Single-Chamber Prefilled Syringes, Dual- Chamber Prefilled
Syringes, Customized Prefilled Syringes
4) By Application: Diabetes, Rheumatoid Arthritis, Anaphylaxis, Cancer,
Thrombosis, Ophthalmology, Other Applications
Companies in the prefilled syringes market are increasingly investing in
next-generation prefilled syringes, which allows healthcare professionals to
track and access data. Next-generation pre-filled syringes refer to advanced,
technologically enhanced syringes designed to improve drug delivery, enhance
patient safety, and offer additional features such as connectivity and
usability. For instance, in September 2022, Becton, Dickinson and Company (BD),
a US-based medical technology company, unveiled a next-generation glass
prefillable syringe (PFS) that meets stricter requirements for processability,
cosmetics, integrity and contamination and raises the bar for vaccine PFS
performance. Working along with top pharmaceutical companies, the innovative BD
Effivax Glass Prefillable Syringe was created to address the intricate and changing
requirements of vaccine production.
The pre filled syringes market report table of contents includes:
1. Executive Summary
2. Pre
Filled Syringes Market Characteristics
3. Pre
Filled Syringes Market Trends And Strategies
4. Pre
Filled Syringes Market - Macro Economic Scenario
5. Global
Pre Filled Syringes Market Size and Growth
.
31. Global Pre Filled Syringes Market Competitive Benchmarking
32. Global
Pre Filled Syringes Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Pre Filled Syringes Market
34. Pre
Filled Syringes Market Future Outlook and Potential Analysis
35.
Appendix
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