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Prefilled Syringes Market
The Prefilled Syringes Market is expected to reach USD 11,479 million by the end of 2027, expanding at a CAGR of 9% over the forecast period (2020-2027).
The factors driving the growth of Prefilled Syringes Market includes growing demand for user-friendly drug delivery devices, rise in the cases of diabetes and increasing use of prefilled syringes in vaccines, therapeutic proteins, and blood stimulants. According to the report published by World Health Organization (WHO), diabetes emerged as the major the cause of blindness and kidney failure, the number of people suffering from diabetes have increased from 108 million in 1980 to 422 million in 2014, which is expected to boost the Global Prefilled Syringes Market in the approaching years. Moreover, the regulations imposed by Government mandating the use of prefilled syringes in hospitals, easy availability prefilled syringes at pharmacies and e-commerce platforms, growing adoption of injectable delivery solutions and increasing investments by leading players on research and development, are some of the additional factors supplementing the Prefilled Syringes Market size. As per the Economic Survey, the Government of India’s spending on healthcare has risen from INR 2.73 lakh crore during FY 2019-2020 to INR 4.72 lakh crore in 2021-22, showing an increase of 73%, which will propel the market growth the coming years.
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However, the growth of Prefilled Syringes Market is hindered attributed to availability of cheaper alternatives.
The prominent players operating in the market are Stevanato Group, HONJO-NISHI KITA-KU OSAKA, Haselmeier, Owen Mumford Ltd., Medtronic, Gerresheimer AG, BD, J&J, Gerresheimer AG and SCHOTT among others.
Type – Segment Analysis
Based on Type, the Plastic Based segment is anticipated to expand at a remarkable CAGR during the forecast period because the plastic prefilled syringes minimize the cost of dose and enhances the safety level
Application – Segment Analysis
According to the Prefilled Syringes Market Analysis, the Diabetes segment is predicted to capture the largest market share over the forecast period attributed to rise in the incidences of diabetes across the globe.
Regional – Segment Analysis
Based on Region, the European region is estimated to hold the highest market share during the forecast period. Presence of the leading players such as J&J, BD, Gerresheimer AG and Owen Mumford Ltd., rise in the cases of diabetes, Government policies regarding the promotion of vaccines, rapid growth in the Healthcare sector and high per capita incomes are some of the important factors augmenting he market growth in Europe.
Market Segmentation
Global Prefilled Syringes Market by Type
Glass Based
Oil Siliconised Syringes
Baked on Silence Syringes
Plastic Based
Global Prefilled Syringes Market by Chamber
Single
Dual
Global Prefilled Syringes Market by Application
Diabetes
Cancer
Arthritis
Anaphylaxis
Ophthalmology
Global Prefilled Syringes Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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