Global Pre Filled Syringes Market
Medical Equipment

The Pre-Filled Syringes Market Share, Market Size, And Growth Rate 2022

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The pre filled syringes market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!

 

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The Pre-Filled Syringes Market Size In 2022 And Forecast
The global pre filled syringes market is expected to grow from $7.29 billion in 2021 to $8.18 billion in 2022 at a compound annual growth rate (CAGR) of 26.16%. 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, affecting many markets across the globe. The pre-filled syringes market is expected to reach $12.60 billion in 2026 at a CAGR of 11.30%.

 

The pre-filled syringes market consists of sales of pre-filled syringes by entities (organisations, sole traders, and partnerships) that manufacture disposable syringes supplied with already loaded medicine to be injected.

 

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High Demand For Pre-Filled Syringes To Administer COVID-19 Vaccines Is Driving The Growth Of The Pre Filled Syringes Market
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 coronavirus 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.

 

Competitive Landscape And The Regional Analysis Of The Pre Filled Syringes Market
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 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the pre filled syringes market.

 

Increasingly Investing In Connected Prefilled Syringes – A Key Trend In The Pre Filled Syringes Market
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.

 

Pre-Filled Syringes Market Segmentation By The Business Research Company

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, Others

 

Here Are Some Reports Related To The Pre Filled Syringes Market –

Insulin Pens, Syringes, Pumps And Injectors Global Market Report 2022

Single-Chamber Prefilled Syringes Global Market Report 2022

Injectable Drug Delivery Devices Global Market Report 2022

 

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