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Saudi Arabia Prefilled Syringes Market

Saudi Arabia Prefilled Syringes Market

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Saudi Arabia Prefilled Syringes Market, By Type (Disposable Prefilled Syringes, Reusable Prefilled Syringes); By Material (Glass Prefilled Syringes, Plastic Prefilled Syringes); By Application (Anaphylaxis, Rheumatoid Arthritis, Diabetes); By Distribution Channel (Hospitals, Mail Order Pharmacies, Ambulatory Surgery Centers), Competitive Landscape & Forecast, 2019–2029

  • Published Date: September 2023
  • Report ID: BWC23759
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing demand for efficient drug delivery systems, a rising prevalence of chronic diseases, technological advancements in healthcare, and a growing focus on preventing needlestick injuries and improving patient safety are expected to drive the growth of Saudi Arabia Prefilled Syringes Market during the forecast period between 2023 and 2029.

Saudi Arabia Prefilled Syringes Market – Industry Trends & Forecast Report, 2029

Saudi Arabia prefilled syringes market size was estimated at USD 108.35 million in 2022. During the forecast period between 2023 and 2029, the size of Saudi Arabia prefilled syringes market is projected to grow at a CAGR of 9.43% reaching a value of USD 186.04 million by 2029. Major factors driving the growth of Saudi Arabia prefilled syringes market include the rising demand for efficient and convenient drug delivery systems, coupled with advancements in biologics and vaccines. Also, an increased focus on patient safety, reduced medication errors, and ease of administration are projected to contribute to the market's expansion. Pharmaceutical companies are also investing in research and development to enhance the quality and functionality of prefilled syringes, further fueling the market's growth. Continued growth is expected as the healthcare industry in Saudi Arabia embraces innovative and patient-centric solutions.

Saudi Arabia Prefilled Syringes Market

Saudi Arabia Prefilled Syringes Market - Overview

Prefilled syringes are medical devices designed to contain a single dose of medication in a ready-to-use form. They consist of a preassembled syringe barrel, plunger, and needle, filled and sealed by pharmaceutical manufacturers. These syringes offer numerous advantages, including accurate dosing, reduced risk of contamination, and simplified administration, making them convenient and safe for healthcare professionals and patients alike. Prefilled syringes are commonly used for vaccines, insulin, and other injectable drugs, facilitating efficient drug delivery and minimizing the potential for dosing errors. Their popularity has grown due to improved patient compliance, cost-effectiveness, and ease of use in healthcare settings.

Growth Drivers

Government’s Supportive Initiatives Boosting Market Growth

In Saudi Arabia, the prefilled syringes market is experiencing a significant growth driver through proactive government initiatives. Authorities are increasingly promoting vaccination campaigns and healthcare programs, which has led to an upsurge in demand for prefilled syringes. These syringes offer convenient, ready-to-use solutions for accurate dosing, reducing the risk of contamination, and ensuring efficient vaccine administration. With a focus on improving healthcare access and enhancing vaccination coverage, the Saudi Arabian government's support is propelling the prefilled syringes market forward, fostering a safer and more accessible healthcare landscape for the nation's population.

Restraints

Regulatory Restraints

In Saudi Arabia, the prefilled syringes market is experiencing significant expansion, driven by rising demand for convenient and accurate drug delivery. However, the market faces regulatory constraints due to stringent approval processes and compliance requirements. Government agencies are prioritizing safety and quality standards, leading to prolonged product evaluation timelines and limited market entry for new players. Despite the challenges, established manufacturers are leveraging their expertise to navigate these barriers. The future growth trajectory of the Saudi Arabia prefilled syringes market remains promising, provided stakeholders address regulatory hurdles through collaboration and innovation.

Impact of COVID-19 on Saudi Arabia Prefilled Syringes Market

The COVID-19 pandemic significantly impacted the Saudi Arabia prefilled syringes market, witnessing unprecedented growth. With an increased demand for vaccines and medications, the market experienced a surge in the adoption of prefilled syringes due to their ease of use, reduced risk of contamination, and efficient dosage administration. Healthcare authorities' emphasis on vaccination campaigns and drug delivery methods has further propelled the market's expansion. Also, the pandemic's impact on the pharmaceutical industry led to a greater focus on safer and more convenient delivery systems, resulting in an upward trajectory for the Saudi Arabia prefilled syringes market.

Saudi Arabia Prefilled Syringes Market

Segmental Coverage

Saudi Arabia Prefilled Syringes Market – By Type

Based on type, Saudi Arabia prefilled syringes market is bifurcated into Disposable Prefilled Syringes and Reusable Prefilled Syringes segments. The disposable prefilled syringes segment is a larger type in the Saudi Arabia prefilled syringes market. It outpaces the reusable prefilled syringes segment in terms of market share and adoption. Disposable prefilled syringes are preferred for their convenience, ease of use, and reduced risk of contamination. This dominant segment reflects the growing demand for single-use, pre-filled syringes in the healthcare sector in Saudi Arabia, enhancing patient safety and healthcare providers' efficiency.

Saudi Arabia Prefilled Syringes Market – By Material

On the basis of material, Saudi Arabia prefilled syringes market is split into Glass Prefilled Syringes and Plastic Prefilled Syringes segments. The plastic prefilled syringes segment holds a significant market share compared to its glass counterpart. The preference for plastic syringes may be driven by factors such as cost-effectiveness, durability, and ease of use. Therefore, it has emerged as the dominant choice for pharmaceutical companies and healthcare providers in the Saudi Arabian market.

Saudi Arabia Prefilled Syringes Market – By Application

Based on application, Saudi Arabia prefilled syringes market is divided into Anaphylaxis, Rheumatoid Arthritis, and Diabetes segments. The diabetes segment holds the highest market share by application, indicating significant demand for prefilled syringes for diabetic patients in the region. This trend likely reflects the increasing prevalence of diabetes and the growing need for efficient and convenient drug delivery methods, such as prefilled syringes, to manage the condition effectively in Saudi Arabia.

Saudi Arabia Prefilled Syringes Market Size

Saudi Arabia Prefilled Syringes Market – By Distribution Channel

By distribution channel, Saudi Arabia prefilled syringes market is divided into Hospitals, Mail Order Pharmacies, and Ambulatory Surgery Centers segments. The hospitals segment is the highest contributor to the growth of Saudi Arabia prefilled syringes market by distribution channel. The segment encompasses medical facilities that require a significant volume of prefilled syringes for various treatments and procedures. Hospitals play a vital role in the healthcare system, leading to higher demand for prefilled syringes. The other segments, mail order pharmacies and ambulatory surgery centers, also contribute to the market but on a comparatively smaller scale. The growing healthcare infrastructure and increasing awareness of safe injection practices further fuel the demand for prefilled syringes in Saudi Arabia's hospital settings.

Competitive Landscape

Major players in the Saudi Arabia prefilled syringes market include Gerresheimer AG, Schott Group, Unilife Corporation, Nipro Medical Corporation, Owen Mumford, Haselmeier AG, and BD. To expand their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia

Product/ Service Segmentation

Type, Material, Application, Distribution Channel

Key Players

Gerresheimer AG, Schott Group, Unilife Corporation, Nipro Medical Corporation, Owen Mumford, Haselmeier AG, BD

 

By Type

  • Disposable Prefilled Syringes

  • Reusable Prefilled Syringes

By Material

  • Glass Prefilled Syringes

  • Plastic Prefilled Syringes

By Application

  • Anaphylaxis

  • Rheumatoid Arthritis

  • Diabetes

  • Others

By Distribution Channel

  • Hospitals

  • Mail Order Pharmacies

  • Ambulatory Surgery Centers

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Prefilled Syringes Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising target disease population
        2. Advancement in technology
      2. Restraints
        1. Dearth of prefilled syringes with integrated safety features
      3. Opportunities
        1. Growing healthcare infrastructure across emerging markets
      4. Challenges
        1. Availability of cheaper alternatives
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Prefilled Syringes Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Disposable Prefilled Syringes
        2. Reusable Prefilled Syringes
      2. By Material
        1. Glass Prefilled Syringes
        2. Plastic Prefilled Syringes
      3. By Application
        1. Anaphylaxis
        2. Rheumatoid Arthritis
        3. Diabetes
        4. Others
      4. By Distribution Channel
        1. Hospitals
        2. Mail Order Pharmacies
        3. Ambulatory Surgery Centers
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Prefilled Syringes Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of COVID-19 on Saudi Arabia Prefilled Syringes Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Gerresheimer AG
    2. Schott Group
    3. Unilife Corporation
    4. Nipro Medical Corporation
    5. Owen Mumford
    6. Haselmeier AG
    7. BD
    8. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1. Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       Saudi Arabia Prefilled Syringes Segmentation

Figure 2       Saudi Arabia Prefilled Syringes Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Saudi Arabia Prefilled Syringes Market Size, By Value (USD Million), 2019–2029

Figure 5       Saudi Arabia Prefilled Syringes Market Share, By Type, By Value, 2019–2029

Figure 6       Saudi Arabia Prefilled Syringes Market Share, By Materials, By Value, 2019–2029

Figure 7       Saudi Arabia Prefilled Syringes Market Share, By Application, By Value, 2019–2029

Figure 8       Saudi Arabia Prefilled Syringes Market Share, By Distribution Channel, By Value, 2019–2029

 

List of Tables

 

Table 1        Saudi Arabia Prefilled Syringes Market Size, By Value (USD Million), 2019–2029

Table 2        Saudi Arabia Prefilled Syringes Market Size, By Type, By Value, 2019–2029

Table 3        Saudi Arabia Prefilled Syringes Market Size, By Materials, By Value, 2019–2029

Table 4        Saudi Arabia Prefilled Syringes Market Size, By Application, By Value, 2019–2029

Table 5        Saudi Arabia Prefilled Syringes Market Size, By Distribution Channel, By Value, 2019–2029

Table 6        Gerresheimer AG Company Overview

Table 7        Gerresheimer AG Financial Overview

Table 8        Schott Group Company Overview

Table 9        Schott Group Financial Overview

Table 10      Unilife Corporation Company Overview

Table 11      Unilife Corporation Financial Overview

Table 12      Nipro Medical Corporation Company Overview

Table 13      Nipro Medical Corporation Financial Overview

Table 14      Owen Mumford Company Overview

Table 15      Owen Mumford Financial Overview

Table 16      Haselmeier AG Company Overview

Table 17      Haselmeier AG Financial Overview

Table 18      BD Company Overview

Table 19      BD Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: The disposable prefilled syringes segment accounts for a higher market share in the Saudi Arabia Prefilled Syringes Market by type.
Ans: The hospitals segment accounts for the highest market share in Saudi Arabia Prefilled Syringes Market by distribution channel.
Ans: Saudi Arabia Prefilled Syringes Market size was estimated at USD 108.35 million in 2022.
Ans: Major factors driving the growth of Saudi Arabia Prefilled Syringes Market include an increasing demand for efficient drug delivery systems, a rising prevalence of chronic diseases, technological advancements in healthcare, and a growing focus on preventing needlestick injuries and improving patient safety.
Ans: Key players in Saudi Arabia Prefilled Syringes Market include Gerresheimer AG, Schott Group, Unilife Corporation, Nipro Medical Corporation, Owen Mumford, Haselmeier AG, and BD.