Prefilled Syringes Market by Type (Conventional, Safety), Material (Glass Prefilled Syringe, Plastic), Design (Single-Chamber Prefilled Syringe, Dual-Chamber), Application (Diabetes, Cancer, and Rheumatoid Arthritis), & Region - Global Forecast to 2030
Market Growth Outlook Summary
The global prefilled syringes market growth forecasted to transform from USD 7.1 billion in 2024 to USD 13.1 billion in 2030, driven by a CAGR of 10.8%. A prefilled syringe is a convenient medical device for delivering parenteral medications, offering a premeasured single-dose. This syringe benefits manufacturers by minimizing drug waste and extending product lifespan, while also making self-administration easier for patients at home or outside of hospital settings. Drugs commonly packaged in prefilled syringes include biologics, vaccines, blood stimulants, therapeutic proteins, erythropoietin products, and interferons. The market for prefilled syringes is expanding significantly as a result of rising chronic illness rates that necessitate frequent treatment, and growing demand for effective and practical drug delivery methods. Healthcare settings are adopting these syringes because of their benefits, which include decreased drug errors, exact dosing, and improved patient safety. Further driving the market expansion is the increased emphasis on self-administration, as well as regulatory support for safer injection methods.
Prefilled Syringes Market Trends
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Prefilled Syringes Market Dynamics
Driver: Increasing prevalence of chronic diseases
The prefilled syringe market growth is largely being driven by the rising prevalence of chronic diseases like diabetes, cardiovascular disease, and autoimmune disorders. Prefilled syringes provide a practical, safe, and effective alternative for patients and healthcare professionals alike, as these disorders frequently necessitate the exact and regular administration of drugs. They raise patient compliance, lower the possibility of dosage errors, and improve the standard of treatment. Prefilled syringes demand is further fueled by the growing trends in self-administration, especially with regard to biologics and biosimilars, which is driving the market's growth.
Restraint: Impact of product recalls
Product recalls impede the prefilled syringe market's growth by eroding consumer confidence in these medical products. Manufacturers suffer significant financial losses as a result of recalls, which are frequently caused by contamination, or safety hazards. These losses also stem from potential legal obligations. They may also interfere with supply chains, leading to delays and shortages that impact patients and healthcare providers. All of these factors impede the market growth and impact the general uptake of prefilled syringes.
Opportunity: Increasing demand for biologics and biosimilars
The market for pre-filled syringes has a significant opportunity due to the growing need for biologics and biosimilars. A growing number of people are using biologics, complex drugs made from living things, and biosimilars to treat chronic illnesses. Pre-filled syringes provide a practical and accurate option because these therapies need precise and dependable delivery techniques to guarantee efficacy and patient safety. The market for pre-filled syringes is expected to rise significantly due to their capacity to lower dose errors, increase patient compliance, and improve overall healthcare outcomes. These benefits perfectly complement the growing usage of biologics and biosimilars.
Challenge: Alternative drug delivery methods
In the pre-filled syringe market, alternative drug administration technologies pose a serious threat by providing several options that may be seen as more practical or efficient for particular medical conditions. Various technologies like as autoinjectros, pen injectors, needle-free injectors, transdermal patches, and oral medication formulations offer various benefits like pain reduction, user-friendliness, and increased patient adherence. These substitutes may lessen the need for pre-filled syringes since patients and medical professionals may favor techniques that make injections less uncomfortable or simpler to use. As a result, in order for the pre-filled syringe business to be competitive, it must constantly innovate and highlight its advantages.
Prefilled Syringes Market Ecosystem
The prefilled syringe market ecosystem incorporates a number of players, including patients, healthcare professionals, regulatory agencies, manufacturers of medical devices, and pharmaceutical firms. Pharmaceutical businesses create and supply injectable drugs, which are subsequently filled by specialist manufacturers into syringes. These producers prioritize maintaining accuracy, sterility, and safety; to reduce the possibility of contamination and needlestick accidents, they frequently use cutting-edge technologies like needle safety devices. The main consumers of these devices are healthcare professionals, such as clinics and hospitals, who depend on their dependability and simplicity to improve patient care.
Particularly for chronic illnesses needing frequent injections, patients benefit from the pre-filled syringes' convenience of use and decreased risk of dose errors. Self-administration trends, which are fueled by patient preferences for at-home care and advancements in user-friendly design, also have an impact on the market. Advancements are driven by collaborations and partnerships across various entities, guaranteeing that the ecosystem adapts to meet the increasing needs for patient-centric solutions, safety, and efficiency.
By type, conventional prefilled syringes segment holds largest share in the prefilled syringes industry.
The prefilled syringes market, by type is dominated by the conventional prefilled syringes. These prefilled syringes are found in a wide range of medical settings such as clinics, hospitals, and home care settings. Their extensive use guarantees a consistent and high demand. These syringes are an appealing choice for healthcare providers looking to control expenses while preserving high-quality patient care because they are typically less expensive than more sophisticated or specialized needles. Furthermore, because conventional prefilled syringes are more convenient and require less preparation than traditional vial-and-syringe procedures, they typically improve patient compliance with treatment regimens. Conventional prefilled syringes have a large market penetration because of their extended shelf life and hence contributes to their dominant market share.
By material, glasses prefilled syringes segment is expected to have the largest market share in the prefilled syringes industry.
The dominance of the glass prefilled syringes segment can be attributed to several factor such as there is a lower possibility of medication interactions with these syringes, drug efficacy and integrity are ensured, which is especially important for expensive and sensitive biologics. Glass syringes are becoming more popular due to technological developments including better safety features and decreased breakage. Owing to this, pharmaceutical companies are favoring glass prefilled syringes more when it comes to administering injectable medicines, which has led to their significant market share.
By design, the single-chamber prefilled syringe segment is expected to dominate the prefilled syringes industry from 2024 to 2029.
The single-chamber prefilled syringe dominates the prefilled syringes market due its convenient features. The single-chamber prefilled syringe optimizes dosing accuracy, decreases preparation time, and minimizes contamination by combining the medicine and delivery mechanism into a single chamber. Its ease of use and effectiveness make it a desirable alternative for patients and healthcare providers alike, leading to higher acceptance and market share.
By application, cancer segment is expected to have the largest market share in the prefilled syringes industry.
In the prefilled syringes market, the cancer segment is holds the largest market share due to the rising incidence of cancer and the growing need for accurate and effective drug delivery methods for cancer treatments. Pre-filled syringes include benefits like lower dosing mistake risk, better patient compliance, and convenience, all of which are crucial for cancer therapies, which sometimes call for frequent and precise medicine administration. In addition, biologic therapies and chemotherapy are frequently employed in cancer therapy. Injectable formulations are used to give several of these therapies. Prefilled syringes provide a convenient option that minimizes dosage errors, saves preparation time, and improves patient safety. Thus, the use of prefilled syringes will grow as cancer treatments continue to advance and the need for effective drug delivery systems grows.
North America accounted for the largest market share of the global prefilled syringes industry, by region in the forecast period.
The pre-filled syringe market is anticipated to be dominated by the North American region due to a number of factors, including an advanced healthcare infrastructure, a high prevalence of chronic diseases, and a focus on patient safety and technological innovation. Its dominant position in the market is also a result of the region's well-established pharmaceutical industry and rising demand for practical and precise drug delivery solutions. Furthermore, continued R&D expenditures and favorable regulatory environments in North America contribute to the expansion and use of pre-filled syringes.
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The key players in the prefilled syringes market include BD (US), Gerresheimer AG (Germany), SCHOTT (Germany), and West Pharmaceutical Services, Inc. (US), AptarGroup Inc. (US), Nipro (Japan), Baxter (US), Owen Mumford Ltd. (UK), Weigao Meidcal international Co., Ltd. (China), Credence MedSystems, Inc. (US), Novartis AG (Switzerland), Stevanato Group (Italy), Polymedicure (India), MedXL (Canada), Sharps Technology, Inc. (US), Fresenius Kabi (US), DBM S.R.L. (Italy), Taisei Kako Co.,Ltd (Japan), Shandong Province Medicinal Glass Co., Ltd. (China), SHIN YAN SHENO PRECISION INDUSTRIAL CO., LTD (Japan), J.O. PHARMA CO., LTD. (Japan), BMIKOREA (Korea), B. Braun SE (Germany), and Al Shifa Medical Products Co. (Saudi Arabia).
Scope of the Prefilled Syringes Industry:
|
Report Metric |
Details |
|
Market Revenue in 2024 |
$7.1 billion |
|
Projected Revenue by 2030 |
$13.1 billion |
|
Revenue Rate |
Poised to Grow at a CAGR of 10.8% |
|
Market Driver |
Increasing prevalence of chronic diseases |
|
Market Opportunity |
Increasing demand for biologics and biosimilars |
The research report categorizes prefilled syringes market to forecast revenue and analyze trends in each of the following submarkets:
By Type
-
Conventional Prefilled Syringes
- Disposable Prefilled Syringes
- Reusable Prefilled Syringes
- Safety Prefilled Syringes
By Material
- Glass Prefilled Syringes
- Plastic Prefilled Syringes
By Design
- Single-Chamber Prefilled Syringes
- Dual-Chamber Prefilled Syringes
- Customized Prefilled Syringes
By Application
- Diabetes
- Rheumatoid Arthritis
- Anaphylaxis
- Cancer
- Thrombosis
- Ophthalmology
- Others
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of APAC
-
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- GCC Countries
Recent Developments of Prefilled Syringes Industry:
- In April 2024, Baxter announced the expansion of its Pharmaceuticals portfolio with the launch of five new injectable products in the US. These launches focus on addressing unmet patient needs in key therapeutic areas, such as anti-infective and anti-hypotensive medications.
- In June 2024, SCHOTT Pharma (Germany) constructed a new production facility dedicated to prefillable glass syringes (PFS) at its location in Lukácsháza, Hungary. This strategic step demonstrated the company's proactive approach in offering advanced solutions for the storage of biologics, vaccines, and the newest generation of mRNA-based medications.
- In May 2023, Gerresheimer Glass GmbH, a subsidiary of Gerresheimer AG (Germany), signed a purchase agreement to acquire Bormioli Pharma Group. This acquisition strengthens Gerresheimer’s European presence and enhances its position in the pharmaceutical and biotech packaging market.
- In May 2023, Baxter(US) signed a final agreement to sell its BioPharma Solutions (BPS) division to Advent International and Warburg Pincus, both renowned investment firms. This deal signifies the divestment of Baxter's contract development and manufacturing arm.
- In September 2022, BD (US) launched a next-generation glass prefillable syringe (PFS) that sets a new benchmark for vaccine performance by meeting tighter processability, cosmetics, contamination, and integrity requirements. Leading pharmaceutical companies collaborated to design the innovative BD Effivax Glass Prefillable Syringe to address the growing demand for vaccine manufacturing.
Frequently Asked Questions (FAQ):
What is the projected growth rate of the global prefilled syringes market between 2024 and 2030?
The global prefilled syringes market is expected to grow from USD 7.1 billion in 2024 to USD 13.1 billion by 2030, at a CAGR of 10.8%. This growth is driven by the increasing prevalence of chronic diseases and a rising demand for effective drug delivery methods.
What factors are driving the growth of the prefilled syringes market?
The growth of the prefilled syringes market is primarily driven by the rising prevalence of chronic diseases such as diabetes and cardiovascular conditions, which require regular and precise drug administration, as well as increasing trends in self-administration of medications.
What challenges does the prefilled syringes market face?
The prefilled syringes market faces challenges such as the impact of product recalls that erode consumer confidence, leading to financial losses for manufacturers and potential disruptions in supply chains, thereby affecting the market's growth.
What opportunities exist in the prefilled syringes market?
There is a significant opportunity in the prefilled syringes market due to the increasing demand for biologics and biosimilars, which require precise drug delivery systems. Prefilled syringes provide a reliable and effective option, enhancing patient compliance and overall treatment outcomes.
Which types of prefilled syringes are most commonly used?
Conventional prefilled syringes dominate the market due to their widespread use in hospitals, clinics, and home care settings. They are favored for their cost-effectiveness, convenience, and ability to improve patient compliance.
How does the choice of materials impact the prefilled syringes market?
The glass prefilled syringes segment holds the largest market share due to their superior compatibility with various medications, ensuring drug integrity and efficacy, especially for sensitive biologics. Glass syringes are increasingly favored by pharmaceutical companies for injectable drug delivery.
What design features are preferred in prefilled syringes?
Single-chamber prefilled syringes are preferred for their ease of use and effectiveness, optimizing dosing accuracy and minimizing contamination risks. This design feature makes them popular among both healthcare providers and patients.
Which applications are driving the demand for prefilled syringes?
The cancer treatment segment is a major driver for the prefilled syringes market, due to the rising incidence of cancer and the need for accurate drug delivery methods, facilitating improved patient safety and compliance.
How is the North American market performing in the prefilled syringes sector?
North America accounts for the largest market share in the global prefilled syringes industry, supported by an advanced healthcare infrastructure, high chronic disease prevalence, and a strong focus on patient safety and technological innovation.
What recent developments are influencing the prefilled syringes market?
Recent developments include Baxter's expansion of its pharmaceuticals portfolio and the construction of a new production facility by SCHOTT Pharma for prefillable glass syringes, highlighting ongoing innovations and advancements in the prefilled syringes market.
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This study involved four major activities in estimating the current prefilled syringes market size. Exhaustive secondary research was done to collect information on the market, peer market and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary research process involved the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the prefilled syringes market. It was also used to obtain important information about the key players and market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the prefilled syringes market. The primary sources from the demand side included industry experts, purchase & sales managers, doctors, and personnel from research organizations. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends and key market dynamics.
A breakdown of the primary respondents for the prefilled syringes market is provided below:
Note 1: C-level primaries include CEOs, COOs, and CTOs.
Note 2: Others include sales managers, marketing managers, and product managers.
Note 3: Companies are classified into tiers based on their total revenue. As of 2023: Tier 1=>USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, Tier 3=<USD 500 million
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The research methodology used to estimate the size of the market includes the following details.
The market sizing of the market was undertaken from the global side.
Country-level Analysis: The size of the prefilled syringes market was obtained from the annual presentations of leading players and secondary data available in the public domain. The share of products and services in the overall prefilled syringes market was obtained from secondary data and validated by primary participants to arrive at the total prefilled syringes market. Primary participants further validated the numbers.
Geographic market assessment (by region & country): The geographic assessment was done using the following approaches:
Approach 1: Geographic revenue contributions/splits of leading players in the market (wherever available) and respective growth trends
Approach 2: Geographic adoption trends for individual product segments by prefilled syringes and growth prospects for each of the segments (assumptions and indicative estimates validated from primary interviews)
At each point, the assumptions and approaches were validated through industry experts contacted during primary research. Considering the limitations of data available from secondary research, revenue estimates for individual companies (for the overall prefilled syringes market and geographic market assessment) were ascertained based on a detailed analysis of their respective product offerings, geographic reach/strength (direct or through distributors or suppliers), and the shares of the leading players in a particular region or country.
Global Prefilled Syringes Market Size: Top-Down Approach
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Global Prefilled Syringes Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Prefilled syringes are a convenient way to deliver parenteral medications or a single-dose packet of medication with a premeasured dose. This method of drug administration offers advantages for manufacturers in terms of reducing drug waste and extending product lifespan. Additionally, it provides ease of self-administration for patients at home and in non-hospital settings. Some examples of drugs packaged in prefilled syringes include biologics, vaccines, blood stimulants, therapeutic proteins, erythropoietin products, and interferons.
Key Stakeholders
- Product manufacturers, distributors, and suppliers
- Research laboratories
- Academic universities and medical research centers
- R&D centers
- Business research and consulting firms
- Biotechnology companies
- Hospitals
- Clinical centers
- Pharmaceutical companies
- Medical research laboratories
- Consulting firms
Objectives of the Study
- To describe, analyze, and forecast the prefilled syringes market by type, design, material, application, and region.
- To describe and forecast the prefilled syringes market for key regions—North America, Europe, the Asia Pacific, Latin America, the Middle East & Africa, and GCC Countries.
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the prefilled syringes market.
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market.
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for market players.
- To profile key players and comprehensively analyze their market shares and core competencies2 in the prefilled syringes market.
- To analyze competitive developments such as partnerships, collaborations, agreements & acquisitions, product launches, expansions, and R&D activities in the prefilled syringes market.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the Rest of Europe prefilled syringes market into Belgium, Russia, the Netherlands, Switzerland, and other countries.
- Further breakdown of the Rest of Asia Pacific prefilled syringes market into Indonesia, Philippines, Vietnam, Hong Kong, and other countries
- Further breakdown of the Rest of Latin America prefilled syringes market into Colombia, Peru, and other countries.
Generating Response ...
Growth opportunities and latent adjacency in Prefilled Syringes Market