Global Pre-Filled Syringes Market Size, By Type (Conventional (Disposable, Reusable), Safety), By Material (Glass, Plastic), By Design (Single chamber, Dual Chamber, Customized), By Application (Diabetes, Cancer, Arthritis, Anaphylaxis, Ophthalmology, Thrombolytic, etc.), By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa), Trend Analysis, Competitive Market Share & Forecast, 2020-2027

Global Pre-Filled Syringes Market Size - Industry Trends & Outlook Report 2027

The Global Pre- Filled Syringes Market is anticipated to reach the valuation of approximately USD  billion by the end of the year 2027, by expanding at a steady CAGR of % during the forecast period 2020- 2027. The pre-filled syringe market is expected to see growth in the forecast period. Due to the underlying fact that they are easy to apply, safe for both parties (doctors and patients), and accurate. Additionally, factors such as growing self-care practices among populations, tilt towards self-care devices, motivation for health awareness, etc. have helped in high demand for enhanced safety in syringes and injections therefore rising the demands.

Source: BlueWeave Consulting

Global Pre-Filled Syringes Market    

The prefilled syringes are widely favored as they aid in providing unit dose medication without any chances of errors and misconduct. The rise of the prefilled syringes is there because of their increasing applications or usages over the traditional processes. Where a traditional process requires a skilled, medical practitioner here the same work could get done by just any other able person, due to the ease prefilled syringes or disposables provide. A prefilled injection or syringe is a single dose pack of a vaccine, medication, etc. on which a needle has been attached by the manufacturer. In earlier days, metal or glass syringes were heavily used, but since the introduction of polymers, plastic and disposable syringes have peaked. These plastic ones and disposable ones cannot be refilled or re-used, making them medically absolutely safe. Moreover, innovations like parental packaging and applications have made these devices easier to use for healthcare professionals and patients themselves.

Global Prefilled Syringes Market

Growth Drivers

Ease of availability, application, and better product delivery 

Since the evolution of medical science and pharmaceuticals, the major issue that still drives the market is the feasibility, packaging, availability of any healthcare, pharmaceutical, and medical and related products. And as the prefilled syringe is reliable, convenient, and efficient for drug regulation. Also, it eradicates the tiring task of drug transfer from vial to syringe then from syringe to patient. Furthermore, the presence of accurate pre-measured quantity in the prefilled syringe encourages patient compliance and in return is evident to reduce the potential waste as well. The above-mentioned benefits of preloaded syringes over normal ones will help in the prevalence of the market in the forecast period.

Rise in target disease’s population

The main application of prefilled syringes is seen with respect to the treatment of chronic conditions, like heart diseases, diabetes, and autoimmune diseases. These conditions are required to be maintained constantly as they have no promising treatment. So as a result, the prefilled syringes make the self-administration of medications easy. There are some statistics to support the motion. Globally, in 2019 approx. 436 Million adults were suffering from diabetes, and it is expected to rise to 700 Million by 2045. And in a study carried out in the year 2017, by the National Institute of Environmental Health Science, 24 Million people had conditions relating to Autoimmune disease in the U.S., hence both the scenarios create a larger base for the market in the upcoming forecast period.

Restraint

Scarcity of prefilled syringes with safety characteristics

The prefilled syringes enable much greater patient safety by reducing and eliminating the potential for accidental needle sticks and exposure to toxicants that can occur while drawing medication from the medication vials. Although, a significant number of needle stick injuries are associated with the use of bare prefilled syringes as compared to the ones that have focused safety systems in them. As in the year 2019, approx. 500,000 injuries occur in the US annually, in which half of those (nearly 1,000 per day) occur in hospitals, even under medical supervision.

Impact of COVID-19 in the Industry

With the increasing Covid-19 infections taking place globally, the alarming rates regarding the shortage of essential life-saving devices and other essential medical supplies are persistent. Moreover, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care 24x7. The industry for the prefilled injections has been affected as they’re getting more preference over the traditional ones; Because they allow the taker to be at their house’s safe vicinity and not be at hospitals, medical centers, where the chances of getting the virus are higher.

Global Prefilled Syringe Market: Segmentation

On the basis of the product type or type, the prefilled syringe market has two- Conventional and Safety. In which Conventional has sub-categories which are Disposable and Reusable, the disposable ones are more preferred over the disposable ones. Due to the fact that they’re more hygienic, and safe to use in terms of spreading any given disease. Also, the reusable ones are often unproportioned on the dosage (if used by non-medical professional individuals), hence giving the prefilled syringes one more advantage.

Based on the Material, we have plastic and glass. In the early years, glass syringes were widely used. But as plastics got introduced the market got shifted towards plastic syringes. Because of the factors associated with it like, plastics being more break-resistant, easier to handle, and easier to manufacture. And most importantly, the fact that plastics are easier to acquire and are available throughout the year makes them more susceptible to the expected market growth. Then we have segmentation based on the design that is divided into Single chambered prefilled syringes, Dual Chambered prefilled syringes, and Customized prefilled syringes. Lastly, the classification is done based on Application which furthermore has division on the disorders like Diabetes, Cancer, Arthritis, Anaphylaxis, Ophthalmology, Thrombolytic, etc.

Global Prefilled Syringe Market: Regional insights

Europe has held the highest share in the market, in the year 2017, majorly since most of the key market players reside there. With that the increasing awareness about safety injection/syringe technology. Rising healthcare, expenditure, and the constantly growing demand for biosimilars and biologics. Furthermore, the Asia Pacific region is anticipated to grow with the most pace, due to increment in technological advancements and injectable medicines, drugs, etc. All of this, for the treatment of growth in the number of chronic and lifestyle-related, diseases in developing countries such as India and China.  

 Source: BlueWeave Consulting

 Recent Developments

·         04, Jan’ 2021- at Becton Dickinson, the company recently invested U.S.D. 1.2 billion to expand its pre-filled syringe capacity. And is putting plans for opening a new plant in Europe, additionally upgrading to six of the company’s existing sites in the U.S., Mexico, Europe and Japan. Therefore, expecting to boost capacity by more than 50%, as per stated by their spokesperson.

·         October’2020- at Baxter International Inc. (NYSE: BAX), the company recognized the findings of a prospective, multicenter, observational study on data from the OxirisNet Registry evaluating severely ill patients with COVID-19 in Italy treated.

Competitive landscape

Key players in the prefilled syringe market include- Becton Dickinson & Co., Gerresheimer, Baxter International, Medtronic, SCHOTT AG, West Pharmaceuticals, Vetter International, Unilife Corporation, Stevanato Group and Terumo Corporation, and other prominent players.

 Scope of the Report

Scope of the Report

By Type

● Conventional Pre Filled Syringe

ü  Disposable prefilled syringe

ü  Usable prefilled syringe

● Safety Pre Filled Syringe

By Material

●       Glass

●       Plastic

By Design

●      Single Chambered Pre Filled Syringe

●      Double Chambered Pre Filled Syringe

●      Customized Pre Filled Syringe

By Application

●      Diabetes

●      Cancer

●      Arthritis

●      Ophthalmology

●      Thrombolytic

By Region

●      Asia Pacific

●      North America

●      Europe

●      Middle East & Africa

●      Latin America