Prefilled Syringes Market Growth Accelerated by Increasing Adoption of Self-injection Devices

 
Prefilled Syringes Market

Prefilled syringes are sterile, ready-to-use syringes that contain drugs or vaccines in single-use vials or cartridges. They help deliver accurate dosing of medication and reduce risk of contamination associated with administering injections from vials. Prefilled syringes improve patient compliance and convenience as self-administration of drugs becomes more prevalent. The global prefilled syringes market is estimated to be valued at US$ 7.2 billion in 2023 and is expected to exhibit a CAGR of 11.5% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The increasing adoption of self-injection devices is one of the major trends fueling the growth of prefilled syringes market. Self-administered drugs offer convenience to patients as they can manage their treatment from the comfort of their home. Chronic diseases such as diabetes require frequent drug administration which can be achieved seamlessly through prefilled syringes. Their easy-to-use design makes self-injection simple for patients. This rising preference for home healthcare is a key factor propelling the demand for prefilled syringes. Furthermore, prefilled syringes minimize dosing errors and reduce safety concerns associated with reusing or incorrectly preparing injection that are driving their increased adoption over conventional vials and syringes.

Segment Analysis
The prefilled syringes market can be segmented based on type, material, application and design. The single-chamber prefilled syringes segment dominates the market currently due to the ease of administration of a single dose of drugs. This segment provides convenience to health care professionals for drugs requiring administration of single doses.

Key Takeaways

The Global Prefilled Syringes Market Demand is expected to witness high growth.

Regional analysis: North America is dominating the prefilled syringes market currently due to favorable reimbursement policies and the presence of major players in this region. However, Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to rising incidence of chronic diseases and increasing healthcare expenditure in various countries like India and China.

Key players operating in the prefilled syringes market are Becton, Dickinson and Company, Gerresheimer, SCHOTT AG, West Pharmaceutical Services, Inc., Baxter, Catalent, Inc., Weigao Group, Vetter Pharma International GmbH, Nipro Corporation, and MedPro Inc. Becton, Dickinson and Company hold a major market share due to its diverse product portfolio and strong geographical presence. SCHOTT AG and Gerresheimer AG focus on developing primary packaging solutions for the pharmaceutical industry.

For more details on the report, Read- https://www.insightprobing.com/prefilled-syringes-market-growth-demand-and-overview/

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