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Prefilled Syringes Market Size to Surpass USD 72.9 Billion at a CAGR of 10% by 2033 | Fact.MR
Prefilled Syringes Market
The most popular injectable drug delivery route is still a vial and a hypodermic needle, however more recent developments have made parenteral API administration better. Most notably, prefilled syringes have become a commonly utilized drug administration method over the last few decades. Using a prefilled syringe can make the process of administering a medication product safer, quicker, and easier for nurses and patients. As a result, the target product market's sales revenue is positively impacted.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=603
The market has expanded, and all options to the traditional process are being explored. Although glass syringes were the market leader, disposable and plastic syringes have become more and more common in recent years. In addition, pre-filled syringes have been employed in several therapeutic domains, such as the manufacture of therapeutic proteins, blood thinners, and vaccines.
Furthermore, the market for prefilled syringes is expected to grow as a result of the growing popularity of self-care, which is fueled by the availability of technological tools that lessen the need for in-person consultations with medical professionals. Individuals who are required to give injections on a frequent basis opt to get their drugs online. People with long-term diseases, such as diabetes and allergies, benefit from online pharmacies. This enhances the patient's overall therapeutic cost reduction, which positively impacts the target product's acceptance rate.
Based on Fact.MR analysis, contract syringe filling services would present a large opportunity for new enterprises to enter this industry. Key manufacturers should focus on developing novel materials and cutting-edge technologies to enable cost optimization of the final product, advises Fact.MR researcher.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
By 2032, the prefilled syringes market is expected to grow at an excellent 10% compound annual growth rate and reach a valuation of US$ 20,167.8 million globally.
Over the 2017-2021 period, the market saw a 9.3% CAGR.
The market is dominated by the glass-based subsegment under material type, which is expected to be worth US$ 5,295.8 million in 2022.
With a 35.7% market share in 2021, North America led the industry.
Prefilled syringe demand is predicted to rise geographically in North America and Europe at CAGRs of 9.9% and 10.0%, respectively.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง- https://www.factmr.com/connectus/sample?flag=RC&rep_id=603
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
The main objective of the businesses competing in the market is to produce sustainable products that increase safety and efficiency while lowering waste, energy use, and environmental effects. The leading companies in the sector are also forming strategic partnerships and teaming up with competing companies to enhance and fortify their localized presence in the worldwide marketplace.
Owen Mumford stated in January 2022 that UniSafeยฎ, a 1 ml safety device for pre-filled syringes, would be available for purchase. This will assist the business in preventing drug leaks and inadvertent activation.
In October 2021, West Pharmaceutical Services Inc. launched The Nova Guard SA Pro Safety System in India. It is an accessory for prefilled, ISO-compliant 0.5 mL staked needle syringes that is meant to be used just once.
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐
Becton Dickinson and Company
Terumo Medical Corporation
Baxter International Inc.
Gerresheimer
B. Braun Melsungen AG
Catalent, Inc.
Elcam Medical
Nipro Corporation
SCHOTT AG
Weigao Group
West Pharmaceutical Services, Inc.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
Market participants will witness an increase in consumer demand as a result of the growing need for patient self-administered equipment.
Prefilled syringes provide inexpensive home medication while reducing the amount of time patients must spend in inpatient and outpatient care settings. For patients who require weekly or daily frequent dose administration, prefilled syringes are less expensive per injection than vials and ampoules.
Top industry companies are focusing on expanding their international enterprises and developing cutting-edge products in order to boost their sales worldwide. To capitalize on the rich potential offered by developing countries like Asia, they are placing a lot of attention on creating new products.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ซ๐๐๐ข๐ฅ๐ฅ๐๐ ๐๐ฒ๐ซ๐ข๐ง๐ ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก
By Function Type:
Single Chambered
Dual/Multi Chambered
By Material Type:
Glass-based
Polymer-based
By Technology Type:
Conventional
Safety
By End-user:
Hospitals
Specialty Clinics
Online Pharmacies
Other
๐๐จ๐ซ๐ ๐๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ง ๐๐๐๐๐ซ
Fact.MR, in its new offering, presents an unbiased analysis of the global prefilled syringes market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of function type (single chambered, dual/multi chambered), material type (glass-based, polymer-based), technology type (conventional, safety), end-user (hospitals, specialty clinics, online pharmacies, other) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & ASEAN, Oceania, and the Middle East & Africa).
๐๐จ๐ง๐ญ๐๐๐ญ:
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๐๐๐จ๐ฎ๐ญ ๐ ๐๐๐ญ.๐๐
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The global prefilled syringes market size is anticipated to reach USD 10.5 billion by 2028, at a CAGR of 8.5% during the forecast period due to the high prevalence of chronic diseases and the rising adoption of self-injection devices.
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