Global Prefilled Syringes Market, by Type (Conventional Prefilled Syringes and Safety Prefilled Syringes), by Material Type (Glass and Plastic), by Design (Single-chamber, Dual-chamber, and Customized), by End User (Hospitals, Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 6,656.9 Million in 2022 and is expected to exhibit a CAGR of 10.6% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
A prefilled syringe is a type of syringe that comes with the medication already loaded inside it and is meant to be disposed of after use. In recent years, prefilled syringes have gained popularity as a convenient drug delivery method and are one of the fastest growing options for unit dose delivery. The widespread use of prefilled syringes has helped pharmaceutical companies reduce drug wastage and increase the shelf life of their products. The introduction of sterile, prefilled syringes has revolutionized the healthcare market, providing a safe and easy way for patients to self-administer injectable medications without the need for hospital visits.
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The incidence of chronic diseases, including Type 1 diabetes, has increased significantly in the global population. Effective management of Type 1 diabetes necessitates regular intravenous administration of insulin to regulate blood sugar levels. Prefilled syringes offer a convenient and practical alternative for insulin self-administration. In December 2021, data released by the International Diabetes Federation indicated that around 537 million adults (20-79 years) had diabetes, with a global death toll of approximately 6.7 million due to diabetes in 2021.
The market is anticipated to experience growth during the forecast period, owing to the continuous advancements in technology and the introduction of new products by major industry players. An example of this is the launch of the Heparin Sodium prefilled syringe in the United States by Hikma Pharmaceuticals USA Inc., a multinational pharmaceutical company, in September 2019.
Following the outbreak of the COVID-19 virus in December 2019, the disease has rapidly spread to more than 100 countries worldwide. On January 30, 2020, the World Health Organization declared it a public health emergency.
The COVID-19 pandemic can impact the economy in three primary ways. Firstly, by directly affecting the supply and demand of goods and services. Secondly, by creating disruptions in the distribution channels. Thirdly, through its financial impact on businesses and financial markets. As a result of the implementation of nationwide lockdowns, transportation of goods has become a significant challenge in countries such as China, India, Saudi Arabia, the United Arab Emirates, Egypt, among others.
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Despite the negative impact of the COVID-19 pandemic on several industries, it has had a favorable effect on the global prefilled syringes market, primarily due to the potential use of prefilled syringes for COVID-19 vaccines. For example, in September 2021, BD, a multinational medical technology company based in the United States, revealed that its glass prefilled syringes were suitable for use with mRNA COVID-19 vaccine shots that require storage at ultralow temperatures. The company suggested that switching from vials to prefilled syringes could help alleviate the complexity and cost of vaccine administration.
The growth of the global prefilled syringes market is impeded by several significant factors, such as product recalls, potential reactions between prefilled syringe components and drugs, among others. In December 2021, for instance, Novartis Pharmaceuticals UK, a healthcare company, recalled a particular batch of Lucentis 10 mg/ml solution for injection in prefilled syringes due to a defective plunger stopper. This defect led to an increased number of customer complaints about the plunger being difficult to press down.
The global prefilled syringes market is dominated by significant players such as BD, Gerresheimer AG, SCHOTT AG, West Pharmaceutical Services, Inc., Vetter Pharma International, Stevanato Group, Terumo Corporation, Catalent, Inc., Weigao group, NIPRO PHARMA CORPORATION, Oval Medical Technologies Ltd., and SHL Medical AG.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Material Type
- Market Snapshot, By Design
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Acquisitions and Partnerships Scenario
- Technology Overview
- Regulatory Scenario
- Pricing Analysis
- PEST Analysis
- Market Dynamics
- Global Prefilled Syringes Market- Impact of Coronavirus (Covid-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the market
- Global Prefilled Syringes Market, By Type, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Conventional Prefilled Syringes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Safety Prefilled Syringes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Prefilled Syringes Market, By Material Type, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Glass
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Plastic
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Prefilled Syringes Market, By Design, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Single-chamber
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Dual-chamber
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Customized
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Prefilled Syringes Market, By End User, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Prefilled Syringes Market, By Region, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2018–2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Design, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Design, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Design, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- UK
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Design, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Design, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Design, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2017 – 2030, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- BD
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Gerresheimer AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- SCHOTT AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- West Pharmaceutical Services, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Vetter Pharma International
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Stevanato Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Terumo Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Catalent, Inc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Weigao group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- NIPRO PHARMA CORPORATION
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Oval Medical Technologies Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- SHL Medical AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- BD
- Section
- Research Methodology
- About Us
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