Pre Filled Syringes Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Pre-filled syringes are syringes that are supplied with the substance to-be injected already in the injection. These syringes are used to accurately delivering the contents in the desired location.

Sizing and Forecast
The pre filled syringes market size has grown rapidly in recent years. It will grow from <b>$7.42 billion in 2023 to $8.51 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. </b> The growth in the historic period can be attributed to growth in the pharmaceutical and biotechnology industry, expansion of biologics and vaccines, demand for user-friendly and precise drug delivery, increase in home healthcare and self-administration, regulatory standards for drug safety and packaging..

The pre filled syringes market size is expected to see rapid growth in the next few years. It will grow to <b>$14.46 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. </b> The growth in the forecast period can be attributed to customized pre-filled syringe solutions for specific drugs, expansion of biodegradable and sustainable materials, innovation in connected and smart syringes, increased use in telemedicine and telehealth, adoption in long-acting injectable medications.. Major trends in the forecast period include regulatory compliance in pre-filled syringe safety, smart and connected syringes for precise dosing, biodegradable and eco-friendly syringe materials, personalized syringe solutions for patient populations, transparency and traceability in drug delivery..

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Segmentation & Regional Insights
The pre filled syringes market covered in this report is segmented –

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, Other Applications

<b>Europe</b> was the largest region in the prefilled syringes market in 2023. The regions covered in the pre filled syringes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
Rise in home-based healthcare is expected to boost the pre-filled syringe market during the forecast period. Home-based healthcare refers to the delivery of medical treatment and support to patients in their homes, intended to support patients in getting better, managing their illnesses and receiving care in the convenience of their own homes. The pre-filled syringe market is poised for substantial growth as it caters to the evolving healthcare landscape by ensuring precise dosing, reduced risk of contamination, and improved patient compliance, ultimately enhancing the quality of care delivered in the comfort of one’s home. For instance, in February 2023, according to the National Association for Home Care and Hospice, a US-based non-profit organization representing the interests of chronically ill, disabled and dying US nationals, approximately 12 million Americans receive some kind of home healthcare each year and that number is expected to continue to grow. Thus, the rise in home-based healthcare is expected to fuel market growth during the forecast period.

Key Industry Players
Major companies operating in the pre filled syringes market include <b> Becton, Dickinson and Company, Gerresheimer AG, Schott & Associates Glass Technology Laboratory, West Pharmaceutical Services Inc., Baxter International, Nipro Corporation, Terumo Corporation, Vetter Pharma International GmbH, Stevanato Group SPA, Shandong Weigao Group Medical Polymer Company Ltd., Novartis AG, Catalent Inc., Unilife Corporation, Eli Lilly and Company, Applied Molecular Genetics Inc., Bayer AG, Pfizer Inc., Bristol-Myers Squibb Co., F. Hoffman-La Roche Ltd., AbbVie Inc., Owen Mumford Holdings Ltd., AptarGroup Inc., Medtronic Plc, Abbott Laboratories, Fresenius Kabi India Pvt. Ltd., Medical Protective Ltd., Mylan NV, Elcam Medical Inc., YPSOMED Holding AG, Oval Medical Technologies, SHL Medical, ACASI Machinery Inc., Bespak Holdings Ltd., BioPharma Solutions, Catalent Pharma Solutions, Credence MedSystems Inc., Hasemeier Inc., Intas Pharmaceuticals Ltd., Intelicure Lifesciences, Mycoscience Labs </b>

The pre filled syringes market report table of contents includes:

1. Executive Summary

2. Pre Filled Syringes Market Characteristics

3. Pre Filled Syringes Market Trends And Strategies

4. Pre Filled Syringes Market – Macro Economic Scenario

5. Global Pre Filled Syringes Market Size and Growth

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31. Global Pre Filled Syringes Market Competitive Benchmarking

32. Global Pre Filled Syringes Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Pre Filled Syringes Market

34. Pre Filled Syringes Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Becton

Dickinson and Company

Gerresheimer AG

West Pharmaceutical Services Inc

Baxter International

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