Prefilled Syringes Market is anticipated to grow at a CAGR of 10.5% over the forecast period (2021-2027).
Report Ocean presents a new report on Prefilled Syringes Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future.
A “prefilled syringe” is a syringe filled with a fixed quantity of a therapeutic drug. They are used for delivering drugs with improved accuracy, affordability, efficacy, convenience, sterility, safety, and accessibility which makes it more advantageous than traditional methods of drug delivery where glass or metal vials were used to store pharmaceutical drugs.
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COVID-19 Impact
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Prefilled Syringes Market also experienced a slowdown. Statista estimates that the Prefilled Syringes Market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the Prefilled Syringes Market generated revenues of US$ 5.4 trillion at a record high.The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the Prefilled Syringes Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
Some of the key factors anticipated to drive prefilled syringes market are rising demand for prefilled syringes are growing prevalence of chronic diseases such as heart diseases, diabetes, and autoimmune diseases, which require patients to self-administer medications, technological advancements, rising adoption of self-injecting parenteral devices, and supportive government regulations (especially needlestick legislations). Globally, in 2019, approximately 436 million adults (prevalence 9.3%) were suffering from diabetes, and it is expected to rise to 700 million (prevalence 10.9%) by 2045. Moreover, more than 1.1 million children and adolescents are living with type 1 diabetes (Source: International Diabetes Federation).
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The increase in incidences of cancer globally owing to the increase in geriatric population has been one of the prime factors that augment market growth. In 2020, according to WHO, cancer was considered as the leading cause of death in the world. Nearly 10 million people die due to cancer each year, making it the second leading cause of death across the world. Nuclear medicine scans can help in finding tumors and to analyze how much the cancer has spread in the body (called the cancer’s stage). They can also be used to determine whether treatment is effective.
Company Profile
Becton, Dickinson and Company, Pfizer Inc., Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., Terumo Corporation, B. Braun Melsungen AG, Cardinal Health Inc., Mylan NV, Gerresheimer, SCHOTT AG are some of the prominent players operating in the global prefilled syringes market. Several M&A’s along with partnerships have been undertaken by these players to develop new and advanced products.
Global Prefilled Syringes Market Segmentation
By Type
Conventional Prefilled Syringes
Safety Prefilled Syringes
By Material
Glass Prefilled Syringes
Plastic Prefilled Syringes
By Application
Diabetes
Rheumatoid Arthritis
Anaphylaxis
Cancer
Thrombosis
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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