What is the global market size of Prefilled Syringes Market?

Global Prefilled Syringes Market size was valued at USD 18.43 billion in 2021 and is poised to grow from USD 20.63 billion in 2022 to USD 56.99 billion by 2030, growing at a CAGR of 11.95% in the forecast period (2023-2030).

Who are the key vendors in the Global Prefilled Syringes Market?

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. 'Becton, Dickinson and Company', 'Gerresheimer AG', 'SCHOTT AG', 'West Pharmaceutical Services, Inc.', 'Vetter Pharma International GmbH', 'Nipro Corporation', 'Catalent Pharma Solutions, Inc.', 'Terumo Corporation', 'Berry Global, Inc.', 'Stevanato Group', 'Ompi (a division of Stevanato Group)', 'MedPro Inc.', 'AptarGroup, Inc.', 'Weigao Group', 'Haselmeier GmbH', 'Catalent, Inc.', 'RPC Group Plc', 'Ypsomed Holding AG', 'OMPI (a division of Stevanato Group)', 'Unilife Corporation'.

What is the key driver of Global Prefilled Syringes Market?

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.

What is the key market trend for Global Prefilled Syringes Market?

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).

Which region accounted for the largest share in Global Prefilled Syringes Market?

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.

Prefilled Syringes Companies

Prefilled Syringes Market Competitive Landscape

Prefilled Syringes Market Top Player's Company Profiles

BD (US)
Gerresheimer AG (Germany)
SCHOTT (Germany)
West Pharmaceutical Services, Inc. (US)
AptarGroup, Inc. (US)
Nipro (Japan)
Baxter (Simtra) (US)
Owen Mumford Ltd. (UK)
Weigao Medical International Co., Ltd. (China)
Credence MedSystems, Inc. (US)
Novartis AG (Switzerland)
Stevanato Group (Italy)
Poly Medicure (India)
MedXL Inc. (Canada)
Sharps Technology, Inc. (US)
Fresenius Kabi USA (US)
Medefil, Inc. (US)
D.B.M. S.R.L. (Italy)
Taisei Kako Co., Ltd. (Japan)
Shandong Province Medicinal Glass Co., Ltd. (China)
Shin Yan Sheno Precision Industrial Co., Ltd. (Taiwan)
J.O. Pharma Co., Ltd. (Otsuka Holdings Co., Ltd.) (Japan)
BMI Korea (South Korea)
Al Shifa Medical Products Co. (Saudi Arabia)

Prefilled Syringes Market

FAQs

Global Prefilled Syringes Market size was valued at USD 6.8 billion in 2022 and is poised to grow from USD 7.52 billion in 2023 to USD 16.84 billion by 2031, growing at a CAGR of 10.60% during the forecast period (2024-2031).

The prefilled syringes market is particularly competitive and dynamic, with each installed pharmaceutical giants and specialized medical tool agencies actively engaged in driving innovation, enhancing patient safety, and increasing their international presence. These competitive environments are fashioned by way of elements such as technological advancements, strategic partnerships, acquisitions, and the consistent need for addressing stringent regulatory requirements. 'BD (US) ', 'Gerresheimer AG (Germany) ', 'SCHOTT (Germany) ', 'West Pharmaceutical Services, Inc. (US) ', 'AptarGroup, Inc. (US) ', 'Nipro (Japan) ', 'Baxter (Simtra) (US) ', 'Owen Mumford Ltd. (UK) ', 'Weigao Medical International Co., Ltd. (China) ', 'Credence MedSystems, Inc. (US) ', 'Novartis AG (Switzerland) ', 'Stevanato Group (Italy) ', 'Poly Medicure (India) ', 'MedXL Inc. (Canada) ', 'Sharps Technology, Inc. (US) ', 'Fresenius Kabi USA (US) ', 'Medefil, Inc. (US) ', 'D.B.M. S.R.L. (Italy) ', 'Taisei Kako Co., Ltd. (Japan) ', 'Shandong Province Medicinal Glass Co., Ltd. (China) ', 'Shin Yan Sheno Precision Industrial Co., Ltd. (Taiwan) ', 'J.O. Pharma Co., Ltd. (Otsuka Holdings Co., Ltd.) (Japan) ', 'BMI Korea (South Korea) ', 'Al Shifa Medical Products Co. (Saudi Arabia)'

Increasing incidence of chronic diseases such as diabetes mellitus, rheumatoid arthritis and rheumatoid arthritis has created demand for vaccines which are commonly administered by injection has increased dramatically. The demand for prefilled syringes has been amplified. The power of a syringe a controlled packaging can reduce the risk of contamination and minimize dose errors makes it the best option for vaccines and therapeutics strong application in nature, leading to market growth.

Transition to Polymer-Based Prefilled Syringes: Traditionally glass has been the preferred material for prefilled syringes, due to its inertness and compatibility with a wide range of chemicals but polymer-based prefilled syringes are gaining popularity. Polymeric materials such as cyclic olefin polymers (COP) and cyclic olefin copolymers (COCs) increase strength and reduce the risk of contamination from glass breakage. These materials are particularly useful for biologics and complex pharmaceuticals requiring accurate and robust quantification. The trend toward polymer-based syringes is expected to increase as pharmaceutical companies seek safer and more durable products than glass.

North America region in the prefilled syringes market share is 32.3% in 2023. Prevention of needlestick injuries by healthcare professionals is a priority in developed countries including the US. and Canada including in pre-filled syringes with needle guards decrease the likelihood of this injury. Centers for Disease Control for Vaccine Administration owing to their ability to preserve vaccine potency over a long period of time and shelf life driving the market growth. North America accounted for the largest share of the pre-filled syringes market in 2023. Also, injection devices, improved medication regimens, technological advances, routine prescriptions of self-administered devices and Prevention (CDC) recommendations are expected to deliver the market has developed.

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What is the global market size of Prefilled Syringes Market?

Who are the key vendors in the Prefilled Syringes Market?

What is the key driver of Prefilled Syringes Market?

What is the key market trend for Prefilled Syringes Market?

Which region accounted for the largest share in Prefilled Syringes Market?

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