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Pre Filled Syringes Market (Product Type - Glass Pre Filled Syringes, and Plastic Pre Filled Syringes; Therapeutic Category - Insulin Pre Filled Syringes, Vaccine Pre Filled Syringes, Arthritis Pre Filled Syringes, Heparin Pre Filled Syringes, PCSK9 Inhibitor Pre Filled Syringes, and Others Pre Filled Syringes; Design - Single-chamber Prefilled Syringes, Dual-chamber Prefilled Syringes, and Customized Prefilled Syringes): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : May, 2022

  • Rep Id : HC0066

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the pre filled syringes market provides an in-depth analysis of segments and sub-segments in the global as well as regional pre filled syringes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pre filled syringes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global pre filled syringes market. According to the report, the global pre filled syringes market is projected to grow at a CAGR of 11% over the forecast period of 2022-2028.

 

Market Insight

The revenue generated by the pre filled syringes market was approximately USD 7 billion in 2022 and is expected to reach approximately USD 13 billion in 2028 and is expected to grow with a CAGR of 11% over the forecast period 2022-2028. A pre filled syringe is a disposable syringe that is supplied already loaded with the substance to be injected. Pre filled syringes have emerged as one of the fastest-growing choices for unit dose medication as the pharmaceutical industry seeks new and more convenient drug delivery methods. Pharmaceutical companies are able to minimize drug waste and increase product life span, while patients are able to self-administer injectable drugs at their home instead of the hospital with the help of pre filled syringes. Pre filled syringe helps lower overfill, provides greater efficiency, reduces the risk of dosage error and contamination, provides ease of use, and is convenient for both medical professionals and patients

 

Increasing chronic diseases which require frequent drug dosage, technological advancements, convenience and benefits associated with pre filled syringes, increase patient compliance, and increase home-based healthcare trends among the people are the key factors driving the growth of pre filled syringes market. The major restraints for pre filled syringes market are storage problems for these syringes as they require refrigerator storage, the cost associated with the manufacturing process, and strict government regulations. As pre filled syringes are becoming most common for home-based injectable drug administration for the treatment of chronic disease, is considered to be a key opportunity for players in the market. The primary challenges faced by this market involve the manufacturing of pre filled syringes and stringent government regulations.

 

North America is forecasted to generate the highest revenue in the market. Asia-Pacific is projected to be the fastest-growing region in the market. The medical and technological infrastructure in North America is extremely advanced. Medical technology expenditures have resulted in new medical care advancements such as prefilled syringes. Furthermore, the region has a high level of accessibility to healthcare facilities. In North America, the number of cancer and diabetic patients is very large. As a result, they treat chronic diseases with pre filled syringes. Becton, Dickinson and Company, and Baxter International Inc. are two market players that predominantly service North America and offer top-of-the-line prefilled syringes. The Asia-Pacific region is booming economically. People's living standards and medical infrastructure are quickly improving. Countries with large populations, such as China and India, have high rates of diabetes and cancer.


Pre Filled Syringes Market

 

Segment Covered

The report on the global pre filled syringes market covers segments such as product type, therapeutic category, and design. On the basis of product type, the sub-markets include glass pre filled syringes, and plastic pre filled syringes. On the basis of therapeutic category, the sub-markets include insulin pre filled syringes, vaccine pre filled syringes, arthritis pre filled syringes, heparin pre filled syringes, PCSK9 inhibitor pre filled syringes, and other pre filled syringes. On the basis of design, the sub-markets include single-chamber prefilled syringes, dual-chamber prefilled syringes, and customized prefilled syringes. 

 

Companies Profiled:

The report provides profiles of the companies in the market such as Becton, Dickinson and Company, Baxter International Inc, Niulife Corporation, Consort Medical Plc, Ypsomed Holding AG, Nipro Corporation, West Pharmaceutical Services, Inc, Schott AG, SHL Group, and Haselmeier AG.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors driving and restraining this market's growth. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pre filled syringes market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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