The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pre filled syringes market report forecasts the pre filled syringes market size to grow to $12.19 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

Learn More On The Pre Filled Syringes Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pre-filled-syringes-global-market-report

Pre Filled Syringes Market Size Forecast
The global pre filled syringes market is expected to grow from $6.39 billion in 2022 to $7.29 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pre filled syringes market size is expected to grow to $12.19 billion in 2027 at a CAGR of 13.7%.

Europe held the largest pre filled syringes market share.

Key Pre Filled Syringes Market Driver ­– Increase In Demand For Pre-Filled Syringes To Administer COVID-19 Vaccines
For instance, in May 2020, the US Department of Defense awarded a contract of $138 million with ApiJect Systems America for “Project Jumpstart” and “RAPID USA” to facilitate pre-filled production syringes for the COVID-19 vaccine. Project Jumpstart supported the supply chain for prefilled syringes that manufacture 100 million prefilled syringes. The contract also accelerated the launch of RAPID USA to facilitate the production of 500 million pre-filled syringes by 2021. Thus, the high demand for pre-filled syringes to administer COVID-19 vaccines is expected to fuel the market growth during the forecast period.

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Key Pre Filled Syringes Market Trend – Increasingly Investing In Connected Prefilled Syringes
Companies in the prefilled syringes market are increasingly investing in connected prefilled syringes, which allows healthcare professionals to track and access data. A connected pre-filled syringe is a drug delivery device that can be connected to a smartphone that tracks data and reports to healthcare professionals accordingly. In 2020, Biocorp launched Injay, a connected pre-filled syringe based on NFC technology wherein the technology helps transfer data to a smartphone or specific transmitters, depending on specific use cases and environment.

Pre Filled Syringes Market Segment
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

Pre Filled Syringes Market Major Players and Strategies
Major players in the pre filled syringes market are Becton Dickinson and Company, Gerresheimer AG, Schott Group, West Pharmaceutical Services Inc., Baxter International Inc., Nipro Corporation, Terumo Corporation, Vetter Pharma International GmbH, Stevanato Group, Weigao Group, Novartis, Catalent Inc., Unilife Corporation, Eli Lilly and Company, Amgen, Bayer AG, Pfizer Inc., Bristol-Myers Squibb Company, F. Hoffman-La Roche AG, AbbVie Inc., Owen Mumford, AptarGroup Inc., Medtronic, Abbott, Fresenius Kabi, Medpro, Mylan, Elcam Medical, YPSOMED, Oval Medical Technologies, and SHL Medical AG.

The Pre Filled Syringes Global Market Report 2023 covers regional data on pre filled syringes market size, pre filled syringes market trends and drivers, opportunities, strategies, and pre filled syringes market competitor analysis. The countries covered in the pre filled syringes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pre-filled syringes are syringes that are supplied with the substance to-be injected already in the injection. These syringes are used to accurately delivering the contents in the desired location.

View More Reports Related To The Pre Filled Syringes Market –
Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2023
Single-Chamber Prefilled Syringes Global Market Report 2023
Disposable Hospital Supplies Global Market Report 2023

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