The rising prevalence of chronic diseases coupled with the growing geriatric population and increasing awareness of the advanced prefilled syringes are driving the demand of the market.
Vancouver, BC -- (SBWIRE) -- 02/09/2021 -- Prefilled Syringes Market
Prefilled syringes are single-use packets of vaccines where a needle is attached by the manufacturer and used to package injectable drugs and dilutants. The growing prevalence of chronic diseases, the increasing geriatric population, and rising awareness of advanced syringes are major driving factors of the market growth. The global prefilled syringes market is projected to reach USD 9.11 Billion by 2027 at a CAGR of 8.9%.
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Prominent Players Profiled in the Prefilled Syringes Market:
SCOTT AG, Becton, Dickinson and Company, GERRESHEIMER AG, Medtronic PLC, WEST PHARMACEUTICAL SERVICES, INC., SHANDONG WEIGAO GROUP, Unilife Corporation, CATALENT, INC., Stevanato Group, and NIPRO CORPORATION, among others.
Market Drivers
The market is projected to register significant growth during the forecast period, owing to the growth of demand for the prefilled syringes as they are incredibly safe and offer a high level of accuracy. The growing prevalence of chronic diseases like diabetes and Arthritis will further boost the market demand. The market will also be positively affected due to the increasing demand for self-injectable drugs without the help of a practitioner or a professional. Moreover, the rising geriatric population will further boost the market demand as the geriatric population is generally associated with growing diseases or bodily disorders.
Type Outlook (Revenue, USD Billion; 2017-2027)
Reusable
Disposable
Material Outlook (Revenue, USD Billion; 2017-2027)
Plastic
Glass
Application Outlook (Revenue, USD Billion; 2017-2027)
Diabetes
Rheumatoid Arthritis
Anaphylaxis
Cancer
Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Ambulatory Surgery Centers
Hospitals
Mail Order Pharmacies
Biotechnology & Pharmaceutical Companies
Others
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Key Summary of the Prefilled Syringes Market Report:
Insightful information regarding the global Prefilled Syringes market
Identification of growth in various segments and sub-segments of the Prefilled Syringes market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision making process through the detailed description of the drivers, restraints, growth prospects, and limitations
Thorough SWOT analysis and Porter's Five Forces analysis along with feasibility analysis and investment return analysis
Regional Analysis
Europe is projected to dominate the global market due to several favorable factors such as the key market players' existence, growing geriatric population, and increasing investments for research and development of improved prefilled syringes. The Asia Pacific region, on the other hand, is expected to grow at the fastest rate due to the increasing prevalence of chronic diseases and the ever-increasing geriatric population of the region.
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