Reports and Insights issued a report recently titled “Prefilled Syringes Market: Opportunity Analysis and Future Assessment 2022-2030” which examines and assesses the market’s status over the forecast period. It is a thorough investigation that focuses on elementary and secondary drivers, leading segments, market size and share, and geographical assessment. The study also provides a comprehensive evaluation at of the leading players, major partnerships and alliances, mergers, and acquisitions, along with the trending innovation and corporate strategies.
The global prefilled syringes market in 2022 is estimated for more than US$ 5.5 Bn and expected to reach a value of US$ 10.9 Bn by 2030 with a significant CAGR of 8.9%.
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Prefilled Syringes Introduction
Today, more than 50 biologic medications and vaccines are marketed and supplied in prefilled syringes. Globally, more than 3.5 billion prefilled syringes are produced annually. Prefilled syringes are ideal choice for single dose drugs such as insulin.
Prefillable syringes offer easy-to-use fixed dose options that not only help pharmaceutical companies control costs by minimizing drug overfill, but also help to minimize microbial contamination and reduce dosing errors.
Prefilled Syringes Market Dynamics
Increasing practices of self-administration of medication is the major factor driving the growth of global prefilled syringes market. Moreover, growing prevalence of chronic diseases such as diabetes, cancer, etc. is further driving the demand for the prefilled syringes over the forecast period.
Government is also stimulating the use of prefilled syringes to avoid infections due to cross contamination and hospital acquired infection. This is further expanding penetration of prefilled syringes in home-care settings and patients that require taking daily fixed dose of certain medications. Technological advancements in prefilled syringes, such as advanced barrel technology and multi-chamber syringes etc., would fuel the growth of global prefilled syringes market.
However, risk of needle stick injuries discourages patients from using prefilled syringes, which is the major factor restraining growth of the global market.
Explore Full Report with Detail Analysis of Prefilled Syringes Market Industry Report – https://reportsandinsights.com/pressrelease/global-prefilled-syringes-market
Prefilled Syringes Market Segmentation
The global prefilled syringes market is segmented on the basis of drug molecule, indication, material, type, design, and region.
By Drug Molecule
Vaccines
Insulin
Hormones
Opioids
Others
By Indication
Diabetes
Cardiovascular Diseases
Immunization
Pain Management
Others
By Material Type
Glass Prefilled Syringes
Polymer Prefilled Syringes
By Type
Conventional Prefilled Syringes
Safety Prefilled Syringes
By Design
Single-chamber
Dual-chamber
Customized
By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Drug Stores
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Prefilled Syringes Market Key Players
Some of the key participating players in global prefilled syringes market are
Becton, Dickinson and Company
Stevanato Group
Unilife Corporation
Gerresheimer AG
SCHOTT AG
West Pharmaceutical Services, Inc.
Ompi
Catalent, Inc.
Weigao Group
Vetter Pharma International GmbH
Nipro Corporation
MedPro Inc.
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