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What key factors are powering the surge in the pre filled syringes market right now?

The market size for pre-filled syringes has experienced a swift expansion in the recent past. The market, which was worth $8.3 billion in 2024, is projected to escalate to $9.46 billion in 2025, representing a compound annual growth rate (CAGR) of 14.0%. The historical growth can be attributed to numerous factors including the expansion in the pharmaceutical and biotech sectors, the widespread use of biologics and vaccines, the requirement for precise and easy-to-administer drug delivery systems, rise in home healthcare and self-administration, and stringent regulatory standards for drug safety and packaging.

How fast Is the pre filled syringes market expected to grow, and what’s its future value?

Expectations for the future imply substantial growth in the pre-filled syringes market, surging up to $16.42 billion by 2029, with a compound annual growth rate of 14.8%. Influences contributing to an upward trend on the forecast include specific pre-filled syringe solutions designed for particular drugs, wider usage of sustainable and biodegradable materials, advancements in smart and connected syringes, an increased prevalence in the sectors of telemedicine and telehealth applications, as well as their acceptance into long-acting injectable medications. Key trends during the forecast period will consist of regulatory compliance with respect to pre-filled syringe safety, smart and connected syringes ensuring precise dosage, adoption of biodegradable and eco-friendly syringe materials, personalized syringe solutions catering to diverse patient bases, and transparency and traceability in drug delivery processes.

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What are the leading drivers of growth in the pre filled syringes market?

The pre-filled syringe market is set to experience significant expansion due to the growing trend of home-based healthcare. This refers to the system of providing medical services and assistance to patients within their private residences, aiding them in improving their health, managing chronic diseases, and receiving necessary healthcare without needing to leave their homes. Pre-filled syringes contribute to this evolving medical field by offering accurate dosing, diminished contamination risk, and heightened patient adherence, thereby elevating the level of care provided. For instance, as per the National Association for Home Care and Hospice, a non-profit organization in the US advocating for the chronically ill, disabled, and terminally ill American citizens, nearly 12 million Americans avail some form of home-based healthcare annually as of February 2023, a number that may continue to increase. Therefore, the ongoing surge in home-based healthcare is anticipated to power the growth of the pre-filled syringe market in the forecasted period.

What are the key segments defining the pre filled syringes market?

The pre filled syringes market covered in this report is segmented –

1) By Type: Conventional Prefilled Syringes, Safety Prefilled Syringes

2) By Material: Glass Prefilled Syringes, Plastic Prefilled Syringes

3) By Design: Single-Chamber Prefilled Syringes, Dual- Chamber Prefilled Syringes, Customized Prefilled Syringes

4) By Application: Diabetes, Rheumatoid Arthritis, Anaphylaxis, Cancer, Thrombosis, Ophthalmology, Other Applications

Subsegments:

1) By Conventional Prefilled Syringes: Glass Prefilled Syringes, Plastic Prefilled Syringes

2) By Safety Prefilled Syringes: Retractable Needle Syringes, Non-Retractable Needle Syringes

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Who are the key players steering the development of the pre filled syringes market?

Major companies operating in the pre filled syringes market include Becton, Dickinson and Company, Gerresheimer AG, Schott & Associates Glass Technology Laboratory, West Pharmaceutical Services Inc., Baxter International, Nipro Corporation, Terumo Corporation, Vetter Pharma International GmbH, Stevanato Group SPA, Shandong Weigao Group Medical Polymer Company Ltd., Novartis AG, Catalent Inc., Unilife Corporation, Eli Lilly and Company, Bayer AG, Pfizer Inc., Bristol-Myers Squibb Co., F. Hoffman-La Roche Ltd., AbbVie Inc., Owen Mumford Holdings Ltd., AptarGroup Inc., Medtronic Plc, Abbott Laboratories, Fresenius Kabi India Pvt. Ltd., Medical Protective Ltd., Mylan NV, Elcam Medical Inc., YPSOMED Holding AG, Oval Medical Technologies, SHL Medical, ACASI Machinery Inc., Bespak Holdings Ltd., BioPharma Solutions, Catalent Pharma Solutions, Credence MedSystems Inc., Hasemeier Inc., Intas Pharmaceuticals Ltd., Intelicure Lifesciences, Mycoscience Labs

What emerging trends are influencing the growth of the pre filled syringes market?

Firms operating in the prefilled syringes market sector are progressively investing in newer versions of prefilled syringes. These sophisticated tools enable medical practitioners to track and access vital patient information. These next-generation pre-filled syringes represent higher technological advancements aimed at enhancing drug administration, improving patient safety, and incorporating features like connectivity and user-friendliness. For instance, Becton, Dickinson and Company (BD), a medical technology company based in the US, introduced a pioneering glass prefillable syringe in September 2022. This syringe meets increased standards for process compatibility, appearance, integrity, and lowered contamination, thus elevating the standard for vaccine PFS performance. Collaborating with leading pharmaceutical enterprises led to the development of the revolutionary BD Effivax Glass Prefillable Syringe aimed at meeting the complex and evolving needs in vaccine production.

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Which regions are most influential in expanding the pre filled syringes market?

Europe was the largest region in the prefilled syringes market in 2024. The regions covered in the pre filled syringes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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