Prefilled Syringes Market Size By Type (Glass, Plastic), By Design (Single-chamber, Dual-chamber), By Applications (Diabetes, Rheumatoid Arthritis, Anaphylaxis, Antithrombotic/Thrombolytic Therapy), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027

Published Date: Feb 2021  |  Report ID: GMI1968  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 116   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Prefilled Syringes Market size surpassed USD 5.8 billion in 2020 and is expected to witness over 11.8% CAGR from 2021 to 2027. Growing demand for advanced drug delivery devices for accurate dosing and improved safety will propel the market growth. Increasing prevalence of diabetes and rheumatoid arthritis, and escalating adoption of biosimilars in developed regions are some other factors that will fuel the market expansion. Additionally, the COVID-19 pandemic and similar other historical public health emergencies have shown importance of advanced drug delivery systems during tough times.
 

Prefilled Syringes Market

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Advances in prefilled syringes technology will escalate the market demand

Technological advancements integrated in prefilled syringes in North America and other developed regions will positively impact the market revenue during the forecast period. Advancements introduced in the prefilled syringes have enhanced ease of use, reduced wastage of drugs and have significantly improved dosing accuracy. Manufacturers are also introducing enhancements in the component materials. For instance, currently plastic prefilled syringes have been manufactured that offer high heat resistance. These syringes are less permeable to water and are extremely light weight as compared to the conventional glass syringes. Thus, such developments in the prefilled syringes have promoted operational ease that increases its acceptance during the forecast timeline. Recently developed prefilled syringes eliminate the risk of administering wrong dosage regardless of syringe orientation. Thus, advancements in technology have encouraged developments in the prefilled syringes that will prove beneficial for the industry growth.
 

Prefilled Syringes Market Report Coverage
Report Coverage Details
Base Year: 2020 Market Size in 2020: USD 5.9 Billion
Historical Data for: 2016 to 2020 Forecast Period: 2021 to 2027
Forecast Period 2021 to 2027 CAGR: 11.8% 2027 Value Projection: USD 12.8 Billion
Pages: 116 Tables, Charts & Figures: 113
Geographies covered (18): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia
Segments covered: Type, Design, Applications and Region
Companies covered (12): Becton Dickinson, Catalent, Fresenius Kabi AG, Gerresheimer, Nipro, Schott, SHL Group, Stevanato Group, Baxter International Inc., Debiotech S.A., Terumo Europe NV, West Pharmaceutical Services, Inc.
Growth Drivers:
  • Growing concerns regarding safety of injectables
  • Worldwide increase in incidences of diabetes and rheumatoid arthritis
  • Technological advancements in prefilled syringes in North America
  • Growing adoption of biosimilars in developed regions
Pitfalls & Challenges:
  • Complexities associated with prefilled syringes

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Glass-based prefilled syringes will dominate the overall market

The glass-based prefilled syringes market accounted for USD 4.1 billion in 2020. Currently, most prefilled syringes are made of glass. This is due to the fact that most of the glass prefilled syringes allow delivery of highly viscous medications. Furthermore, glass prefilled syringes can be utilized across a wide range of therapeutic areas, such as blood stimulants, vaccines, and therapeutic proteins while increasing product life span that will positively impact the segment growth.
 

Simple ergonomics of single-chamber prefilled syringes will propel the market value

The single-chamber design segment in the prefilled syringes market exceeded USD 4.6 billion in 2020 an account of advantages pertaining to single-chamber prefilled syringes over vials such as precise dosing and safety. Moreover, simple storage and ease of usage associated with single chamber design will increase its preference over the forecast period, thus also proving beneficial for the overall industry expansion.
 

Extensive usage of prefilled syringes in diabetic patients will offer significant market growth opportunities

Prefilled Syringes Market Share

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The diabetes segment held 34% of the prefilled syringes market share in 2020. Diabetes requires constant medications for treatment. Rising prevalence of diabetes coupled with favourable demographic trends also increases demand for prefilled syringes with insulin that will prove beneficial for segment revenue.
 

Surging geriatric population base susceptible to chronic ailments in North America region will fuel the market demand

North America Prefilled Syringes Market

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North America prefilled syringes market is predicted to showcase around 12% growth rate till 2027 owing to the rising geriatric population base susceptible to chronic diseases in the U.S. and China. High acceptance of patient safety measures along with rapid adoption of prefilled syringes in this region will further enhance the market expansion. The market will also prosper due to the presence of major industry players with strong distribution network that are associated with prefilled syringes business.
 

Increasing investments by leading industry leaders have helped them maintain a robust position in the market

Some of the prominent companies functioning in the prefilled syringes market include Gerresheimer, Stevanato Group, Baxter International, Catalent, Becton Dickinson (BD), Fresenius Kabi, SCHOTT, and others. These market participants are undertaking several organic and inorganic growth strategies to capture a higher revenue share in this industry.
 

Some of the recent industry developments:

  • In December 2020, Becton, Dickinson and Company (BD) to invest around USD 1.2 billion to expand its manufacturing technology and capacity of prefilled syringes. This strategy enhanced the company to create strong position in the market.
     
  • In March 2019, SCHOTT launched syriQ BioPure that is world’s first lubricant free prefilled glass syringe. This innovative launch enabled the company to extend its product portfolio in this industry.
     

The prefilled syringes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:
 

Market, By Type, 2016-2027 (USD Million)

  • Glass
  • Plastic

Market, By Design, 2016-2027 (USD Million)

  • Single-chambers
  • Dual-chamber

Market, By Application, 2016-2027 (USD Million)

  • Diabetes
  • Rheumatoid arthritis
  • Anaphylaxis
  • Antithrombotic/thrombotic therapy
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

       

Frequently Asked Questions (FAQ) :

The global prefilled syringes industry size was over USD 5.8 billion in 2020 will reach a valuation of over USD 12.7 billion by 2027.
The glass-based prefilled syringes market size had surpassed USD 4.1 billion during 2020 due to their wide use for the delivery of highly viscous medications across distinct therapeutic areas.
The industry share from single-chamber design segment had reached USD 4.6 billion in 2020 with benefits like precise dosage and improved safety.
The diabetes segment held over 34% of the global market share in 2020 and will grow owing to the constant use of medications during treatment of the disorder.
North America prefilled syringes industry share will register around 12% CAGR between 2021-2027 with consistent rise in geriatric population prone to chronic disorders across the U.S.

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Premium Report Details

  • Published Date: Feb 2021
  • Pages: 116
  • Tables: 104
  • Charts / Figures: 9
  • Companies covered: 12
  • Countries covered: 18

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