Prefilled Syringes Market Research Report: By Type (Conventional, Safety), Material Type (Glass, Plastic), Design (Single-Chamber, Dual-Chamber, Customized), Application (Diabetes, Rheumatoid Arthritis, Anaphylaxis, Cancer) - Global Industry Forecast to 2030

Market Overview

The global prefilled syringes market generated $1,914.1 million revenue in 2020, and it is expected to grow at a CAGR of 6.8% during the forecast period (2021–2030). The major factors responsible for the growth of the market include the increasing concerns associated with needlestick injuries, benefits of prefilled syringes over traditional vial and syringe packaging systems, and increasing demand for point-of-care administration. Furthermore, the rising prevalence of chronic and lifestyle-associated diseases is propelling the growth of the prefilled syringes industry.

The COVID-19 pandemic forced governments across the world to adopt complete and partial lockdowns, which affected the import, export, and distribution of such products. Additionally, the major manufacturing countries in Europe, the Americas, and Asia announced a complete closure of borders to contain the virus. Furthermore, the pandemic caused an unexpected boom in the pharmaceutical industry due to the shift in the focus toward advanced drug delivery devices for the treatment of the disease, which has impacted the market for prefilled syringes positively (except the first and second quarters of 2020).

Better Features of Single-Chamber Prefilled Syringes To Drive Their Usage

The market for prefilled syringes is divided into single-chamber, dual-chamber, and customized, based on design. Among these, single-chamber prefilled syringes held the largest share in the global market in 2020. The key factors responsible for the dominance of this category are the low raw material requirement, advantages of such prefilled syringes over traditional vials, and availability of broad range of such syringes across the globe.

Increasing Cases of Diabetes Led to Dominance of This Application Category

The diabetes category generated the highest revenue in 2020 in the prefilled syringes market, based on application. Furthermore, the diabetes category is expected to showcase the fastest growth in the forecast period. This can be mainly attributed to the increasing prevalence of diabetes across the world. According to the World Health Organization (WHO), between 2000 and 2016, there was a 5% increase in premature mortality rate from diabetes. Additionally, in 2019, diabetes was the direct cause of 1.5 million deaths.

Increasing Manufacturing of Prefilled Syringes Drove Market of Europe

Geographically, Europe was the largest contributor to the prefilled syringes market in 2020. This was mainly due to the presence of key market players, increasing awareness about safe injectable technologies, high healthcare expenditure, and rising prevalence of chronic and lifestyle-associated diseases in the region. According to Our World in Data, cardiovascular diseases and cancer were the top two causes of death in 2017.

Increasing Adoption of Customized Prefilled Syringes Is Key Trend

Injectable formulations are becoming more complex, and they need stringent quality control to meet the requirements of customers. Manufacturers have started to focus on the designing and production of prefilled syringes that can be used by individuals themselves. Thus, the focus of manufacturers is shifting toward self-administration dose syringes, rather than syringes used by hospitals or other healthcare providers, thus, further positively impacting the prefilled syringes market.

Increasing Demand for Injectable Pharmaceutical Products Leading to High Sales of Prefilled Syringes

Therapeutic agents and vaccines are some of the injectable pharmaceutical products that are experiencing an increase in demand, thus leading to the growth of the prefilled syringes market. According to the WHO, around 16 billion injections, including 3% for immunization, 95% for curative care, and 2% for contraceptives and blood transfusion procedures, are administered every year. The use of prefilled syringes has some benefits over multi-dose vials, such as a reduction in drug wastage and simpler drug administration.

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Market Players Involved in Partnerships and Collaborations to Gain Significant Position

The global prefilled syringes market is consolidated in nature. In recent years, the players in the prefilled syringes industry have been involved in various partnerships and collaborations in order to attain a significant position. For instance:

• In October 2020, Stevanato Group signed a commercialization agreement with Gerresheimer AG. Under this agreement, Stevanato Group agreed to provide its SG integrated tip cap closure (ITC) system to Gerresheimer AG for Gx RTF syringes, which would be offered to various pharmaceutical companies. This would enhance the safety of the products, and, thus, expand their customer base.
• In November 2019, West Pharmaceutical Services Inc. announced a partnership with SCHOTT AG to combine the SCHOTT iQ platform with West’s Ready Pack system. This agreement expanded West’s Ready Pack system by adding SCHOTT’s glass products, such as vial formats, ready-to-use cartridges (cartriQ), and pre-fillable glass syringes (syriQ), into its portfolio.

Some Key Players in Prefilled Syringes Market Are:

Market Size Breakdown by Segment

The global prefilled syringes market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Type

• Conventional
• Safety

Based on Material Type

• Glass
• Plastic

Based on Design

• Single-Chamber
• Dual-Chamber
• Customized

Based on Application

• Diabetes
• Rheumatoid Arthritis
• Anaphylaxis
• Cancer

Geographical Analysis

• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Netherlands
• North America
  • U.S.
  • Canada
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • U.A.E.