- Plastic Prefilled Syringes
- Glass Prefilled Syringes
Prefilled Syringes Market size was valued USD 18.52 billion in 2021 and is projected to reach USD 40.58 billion by 2028 at CAGR of 11.86% during forecast period 2022-28. Traditional prefilled syringes and safety prefilled syringes are the two primary types of prefilled syringes. Prefilled syringes often contain a single-dose package of vaccination with a needle pre-installed by the manufacturer. The needle is only used once, and the syringe is discarded after usage. Patients who require regular injections at home can use safety prefilled syringes to self-administer a single-dose package of vaccination. Single-chamber prefilled syringes, dual-chamber prefilled syringes, and customised prefilled syringes are among the syringes made of glass and plastic. In addition, the report includes new product introduction, regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Increasing adoption prefilled syringes format for parenteral drug administration, rising biologic product approvals, increased product availability in PFS format for home-based healthcare, and safety associated with prefilled syringes driving market revenue growth of the market over the forecast period. Moreover, inherited benefits such as dose accuracy, convenience in usage, sterility and advantages over conventional drug delivery are the factors driving the market revenue growth. Pharmaceutical and biopharmaceutical companies yet to exploit the full potential of prefilled syringes formats for drug administration and this non-adoption of PFS formats can be attributed to the availability of other alternative drug administration methods. In addition, lower penetration of PFS in developing economies hindering market revenues growth over the forecast period. Currently, the majority of PFS are designed to compatible with biologic drugs than non-biologic drugs.
Fastest Growing Market
Prefilled syringes are mostly used to treat chronic ailments that require patients to self-administer drugs, such as heart disease, diabetes, and autoimmune diseases. As a result, the rising incidence and prevalence of chronic and lifestyle diseases around the world is a primary factor driving the prefilled syringes market. Prefilled syringes improve patient safety by lowering the risk of unintended needle sticking and harmful product exposure that can occur while drawing medication from vials. However, when compared to syringes with integrated safety devices, the usage of naked prefilled syringes is associated with a high frequency of needle stick injuries.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.