What is Global Prefilled Syringes Market?
The Global Prefilled Syringes Market is a vast and dynamic sector that has been gaining significant attention in recent years. Prefilled syringes are essentially single-dose packets of vaccines or medications that are already loaded into syringes. This concept has revolutionized the healthcare industry by making it easier and safer to deliver drugs, especially for patients who need regular injections. The prefilled syringes market is not just confined to the medical field; it has also found its application in various other sectors such as beauty and wellness.
Glass Prefilled Syringes, Plastic Prefilled Syringes in the Global Prefilled Syringes Market:
Diving deeper into the types of prefilled syringes, we have two main categories: Glass Prefilled Syringes and Plastic Prefilled Syringes. Glass syringes have been the traditional choice due to their durability and the ability to maintain the sterility of the drug. However, they are prone to breakage and require careful handling. On the other hand, plastic prefilled syringes, made from advanced polymers, are gaining popularity due to their robustness, safety, and cost-effectiveness. They are also lighter and easier to handle, making them a preferred choice for many healthcare providers. However, the choice between glass and plastic prefilled syringes largely depends on the type of drug, its compatibility with the syringe material, and the specific requirements of the end-user.
Vaccine, Antithrombotic Drugs, Bioengineered Drugs, Other (Beauty, Etc.) in the Global Prefilled Syringes Market:
The usage of prefilled syringes is widespread and varies across different sectors. In the field of vaccines, prefilled syringes ensure accurate dosage, reduce wastage, and eliminate the risk of cross-contamination. Antithrombotic drugs, used to prevent blood clots, are often needed to be administered quickly, especially in emergency situations. Here, prefilled syringes come in handy due to their ease of use and quick administration. Bioengineered drugs, which are typically sensitive and expensive, require precise dosing and sterile conditions, making prefilled syringes an ideal choice. In the beauty sector, prefilled syringes are used for administering treatments like Botox and fillers. They offer convenience, accuracy, and safety, making them a popular choice in this industry.
Global Prefilled Syringes Market Outlook:
Now, let's take a look at the market outlook. In 2022, the global Prefilled Syringes market was valued at a whopping US$ 5398 million. It is projected to reach an impressive US$ 7628.9 million by 2029, growing at a steady compound annual growth rate (CAGR) of 2.6% from 2023 to 2029. The market is dominated by the top 5 manufacturers, who collectively hold about 63% of the market share. Geographically, Asia-Pacific is the largest market for prefilled syringes, accounting for about 36% of the global share. Europe and North America follow closely, with a combined share of over 58%. This data clearly indicates the growing demand and potential of the prefilled syringes market globally.
| Report Metric | Details |
| Report Name | Prefilled Syringes Market |
| Accounted market size in 2022 | US$ 5398 in million |
| Forecasted market size in 2029 | US$ 7628.9 million |
| CAGR | 2.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | BD, Gerresheimer, Nipro Corporation, Schott, Stevanato, Baxter BioPharma Solution, Rovi CM, Terumo, Vetter, Catalent, Taisei Kako, Roselabs Group, West Pharma, Weigao Group, Shandong Zibo Minkang Pharmaceutical Packaging Co., Ltd., Shandong Pharmaceutical Glass co., LTD, Ningbo Zhengli Pharmaceutical Packaging Co.,Ltd, Shandong Ujoin Medical Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
