Authored By: Sarah
14 Nov 2023

Pre-filled Syringes Market to Exhibit Growth at a CAGR of 8.93 %| Leading Segments, Trends, Drivers, and Challenges

Market Recovery and Growth Projections 2023-2027

The global pre-filled syringes market is anticipated to expand at a compound annual growth rate (CAGR) of 8.93% between 2022 and 2027, after revenue growth of USD 3.51 billion. Pre-filled syringe regulations and rules in the US, Canada, UK, and Ireland, among other nations, are anticipated to drive the expansion of the global market for these devices.

Navigating the Pre-filled Syringes Market Segments and Growth Forecasts: Our research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by Material (glass pre-filled syringes and plastic pre-filled syringes), by Type segment ( disposable and reusable), and by Geography (North America, Europe, Asia, and ROW).
  • It is estimated North America will contribute 36% to the growth of the global market during the forecast period owing to the prevalence of chronic diseases, such as diabetes and vaccine-preventable infectious diseases, which is driving the growth of the pre-filled syringes market in this region
  • Glass pre-filled syringes segment will be maximum due to regulatory ease, wider acceptability among end-users, and a high number of drugs being available in glass pre-filled syringes.

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Snapshot of Pre-filled Syringes Market Segments Analysis 

Pre-filled Syringes Market: Trends, Drivers, Challenges

  • Drivers: The adaptation of plastic pre-filled syringes is the primary growth driver of the global pre-filled syringes market owing to its being biocompatible with the other components of the syringe boost the growth of the global pre-filled syringes market during the forecast period.
  • Trends: Innovations in pre-filled syringes are the key trend driving the market advancement.  Pharmaceutical Companies like  Pfizer (XYNTHA) and Takeda (Prolia) are coming up with specialist pre-filled syringes with dual and multi-chambered syringes for lyophilized drugs. 
  • Challenges: The major challenge encountered is the quality of the drug might be compromised when stored in the pre-filled syringes.

Key Players in the Pre-filled Syringes Market: Recipharm AB, SCHOTT AG, SHL Medical AG, Gerresheimer AG, Haselmeier GmbH, Fresenius SE and Co. KGaA, Catalent Inc., Becton Dickinson and Co., AptarGroup Inc., Owen Mumford Ltd., Recipharm AB, Novartis AG, Repro Corp., and others are some of the leading companies in this market. With a deeper comprehension of the business environment, our research comprises both qualitative and quantitative studies of core companies.

In-depth insights into the different development factors and obstacles that could hinder market expansion are provided by Technavio's study, which also offers a complete analysis of the market segments and geographic landscape.  Get our sample research report on the market for pre-filled syringes here.

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