USD 18.43 billion
Global Prefilled Syringes Market Size, Share, Growth Analysis, By Type(Disposable, Reusable), By Material(Glass Syringes, Plastic Syringes), By Application(Anaphylaxis, Diabetes), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies & Drug Stores) - Industry Forecast 2022-2028
Report ID: SQSG35B2013 | Region: Global | Published Date: December, 2022 | Pages: 274 | Tables: 114 | Figures: 65
Global Prefilled Syringes Market Insights
Global Prefilled Syringes Market was valued at USD 18.43 billion in 2021 and it is expected to grow to USD 45.31 billion by 2028 at a CAGR of 11.90% over the forecast period (2022-2028).
The primary reasons driving the market expansion are an increase in the demand for effective and user-friendly drug delivery systems and an increase in the efforts made by healthcare professionals to lower hospital errors. The market for prefilled syringes is expanding as a result of factors including the expansion of home healthcare services, rising use of injectable medications, an increase in the prevalence of chronic diseases, and a surge in the advantages of prefilled syringes over conventional vials. In addition, prefilled syringe-related technology developments aid in the market's expansion. The availability of alternate medicine delivery techniques, strict government regulations, and product recalls are anticipated to impede industry expansion. On the other hand, the development of biologics and biosimilars as well as the rise in demand for injectable medications in prefilled forms present profitable potential for market expansion.
Market snapshot
Global Market Size
Largest Segment
Disposable
Fastest Growth
Disposable
Growth Rate
11.90% CAGR
Global Prefilled Syringes Market 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
Global Prefilled Syringes Market Size by Type 2021-2028 ($ Bn)
Global Prefilled Syringes Market by Type 2021-2028 (%)
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Global Prefilled Syringes Market Segmental Analysis
The Global Prefilled Syringes Market is segmented based on the Type, Material, Application, distribution channel, and region. Based on the Type, the Global Prefilled Syringes Market is segmented as Disposable and Reusable. Based on the Material, the Global Prefilled Syringes Market is segmented as Glass Syringes and Plastic Syringes. Based on Application, the Global Syringes Market is segmented as Anaphylaxis, Diabetes. Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies & drug stores, and e-commerce. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
Due to its numerous uses, the disposable prefilled syringes category had the biggest market share by type in 2021. These devices lessen the danger of contamination, which is expected to increase demand for them. Needlestick injuries are brought on by risky practises such repeatedly using a prefilled syringe and needle without taking the necessary safety procedures as advised by medical authorities. Additionally, while conventional disposable prefilled syringes protect the receiver, they do not guarantee patient safety. Therefore, a strong desire for patient safety has led to an increase in the use of disposable equipment in healthcare facilities including hospitals and nursing homes. These elements should accelerate segment growth.
Analysis by Material
With a major share of the market's revenue, the glass syringes sector led all other product categories. Glass syringes are currently the industry standard for prefilled syringes. Glass syringes are simple to use and, for medical experts, check for any particulate contaminants. Glass is a trustworthy choice because of its clarity and inertness, which guarantee the purity of the dose. However, it is projected that the use of glass syringes in the worldwide prefilled syringes market will be limited by rising consumer desire for safer goods that enable self-administration of medication and increased glass fragility during shipping.
Analysis by Application
With a majority of the revenue share, the diabetes segment topped the market when the range of applications was taken into account. Throughout the projection period, dominance of this market is anticipated to be sustained by a sizable patient population, a rise in the prevalence of diabetes, and the demand for efficient and safer insulin delivery devices.
Global Prefilled Syringes Market by Type, 2021 (%)
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Global Prefilled Syringes Market Regional Insights
Globally, Europe held the largest share of the prefilled syringes market in 2021, owing to factors such the increasing preference of healthcare professionals for prefilled injectable devices to reduce needle-related injuries. Major market companies including Gerresheimer AG, SCHOTT group, Stevanato Group, Haselmeier AG, and Owen Mumford Ltd. are also present in the area. Over time, several businesses have increased their local presence. Due to this circumstance, the market has become more competitive in the area, making it challenging for new competitors to enter. Due to these businesses' global expansion and dominance of the market, Europe receives the majority of global revenue. Due to the emergence of rapidly expanding economies and the existence of a sizable untapped market, Asia Pacific is anticipated to see the quickest CAGR between 2022 and 2030. The region's market is anticipated to increase as a result of favourable demographic variables including the huge population and rising prevalence of various chronic diseases. The prefilled syringes market is developed and includes nations like China.
Global Prefilled Syringes Market By Geography, 2021 - 2028
- Largest
- Fastest
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Global Prefilled Syringes Market Dynamics
Driver
- Prefilled syringes are frequently used for the treatment of chronic illnesses that allow patients to self-administer medication, such as diabetes, heart problems, and autoimmune diseases. As a result, the market for prefilled syringes is expanding as a result of the increasing prevalence and frequency of chronic and life conditions around the world. Considering the comfort and safety of using self-injection equipment, there is also a rising demand for it.
Restraint
- The key obstacles to the expansion of the prefilled syringes market globally are product recalls, the potential for drug and prefilled syringe components to react, and other problems. For instance, Novartis Pharmaceuticals UK, a healthcare company, had to recall a particular batch of Lucentis 10 mg/ml solution for injection in pre-filled syringes in December 2021 because the plunger stopper was faulty. This led to an increase in customer complaints about how difficult it was to press down the plunger.
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Global Prefilled Syringes Market Competitive Landscape
Prefilled syringes are a market with a high level of competition and intense price competition. Global and local businesses are present in the industry. Local businesses that sell prefilled syringes for less are common in poor nations. Global corporations, however, have a significant market share. Only a small number of businesses are anticipated to enter the market in the near future, but they are anticipated to hold a sizable portion of the prefilled syringes industry.
Top Player's Company Profiles
- BD (US)
- Gerresheimer AG (Germany)
- SCHOTT AG (Germany)
- West Pharmaceutical Services Inc. (US)
- Helvoet Rubber & Plastic Technologies BV (Netherlands)
- Nipro PharmaPackaging International (Belgium)
- AptarGroup, Inc. (US)
- Terumo Corporation (Japan)
Recent Developments
- In July 2022, By agreeing to a revolving credit facility in the amount of EUR 150 million, Gerresheimer has signed another significant step toward the implementation of its financing strategy. This refinancing is a component of Gerresheimer's overall financial strategy to support the organization's successful transition into a solution provider and system integrator with long-term, profitable growth.
- In April 2021, Nipro Pharma announced the release of CURACASE, an individually packaged product in a beautifully constructed hard-plastic container that takes up the least amount of space in secondary packaging. Its inventive design makes it work well with feeders and automated pick-and-place systems. With the introduction of CURACASE needles, the company has improved its capacity to manufacture and provide complete injection systems to the pharmaceutical industry, which is expected to drive market expansion in the near future.
- In October 2021, In order to facilitate biologics injection with pre-filled syringes, Becton, Dickinson and Company collaborated with Aptar Pharma to offer the BD SCF PremiumCoat Plunger Stopperade
Global Prefilled Syringes Key Market Trends
- Biologics and biosimilars are rapidly replacing chemical-based medications in the worldwide life science market. Because they are less likely to interact with other drugs, biologics are great for targeted delivery and increase inclination. Manufacturers of pharmaceuticals and packaging are under pressure to develop more advanced container closure and drug delivery methods due to the increase in biologics used to treat chronic diseases. As a result, the adoption of these syringes for the secure administration of biologics and biosimilars has significantly increased. For instance, 98 biosimilars have so far received approval in India, according to the Central Drugs Standard Control Organization (CDSCO).
Global Prefilled Syringes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Prefilled Syringes Market Analysis, The market for prefilled syringes is anticipated to grow as a result of factors like expanding self-care device usage, benefits of prefilled syringes, and strong demand for better injection safety. Prefilled syringes make injections rapid, accurate, and safe for patients and healthcare professionals. Prefilled syringes have experienced the fastest rise among unit dose medication options as the pharmaceutical industry searches for novel and more useful drug delivery methods.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 18.43 billion |
| Market size value in 2028 | USD 45.31 billion |
| Growth Rate | 11.90% |
| Base year | 2021 |
| Forecast period | 2022-2028 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Prefilled Syringes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Prefilled Syringes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Prefilled Syringes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Prefilled Syringes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Prefilled Syringes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Prefilled Syringes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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