Published: February 2024
According to a recently published report by Roots Analysis, the growing preference of patients towards home healthcare and ongoing technological advancements in the prefilled syringes formats are driving the prefilled syringes market.
The global Prefilled Syringes market is anticipated to grow at a CAGR of 4.6% from 2024-2035, reaching USD 4,972 million by 2035.
Prefilled syringes are the devices that are already filled with a specific medication and eliminate the requirement of manually filling the drug into the delivery device. These drug delivery devices have gained significant traction in the healthcare domain, owing to the various advantages offered by them, including user-friendly nature, enhanced accuracy in dosing and improved medication adherence. They are highly versatile products, in terms of administering different types of drugs, including complex biologics, insulin, vaccines and other injectable medications. Further, they can be customized to meet specific pharmaceutical and patient needs. Prefilled syringes also help maintain stability of sensitive formulations by safeguarding them from environmental conditions during storage.
Browse 445 figures and 710 market data tables spread across 867 pages and detailed Table of Content on “Prefilled Syringes Market by Purpose of Syringe, Type of Molecule (specific to Therapeutic Syringes), Therapeutic Area (specific to Therapeutic Syringes), Type of Barrel Material, Number of Chamber, Type of Needle System, Usability of Syringe, Type of Syringe, Type of Packaging and Key Geographical Regions: Industry Trends and Global Forecasts” here: https://www.rootsanalysis.com/reports/prefilled-syringes-market/284.html
Several factors are propelling the growth of the prefilled syringes market. With increasing prevalence of chronic diseases (such as diabetes, heart diseases and rheumatoid arthritis), there has been an increase in the demand for reliable and convenient drug delivery systems, such as prefilled syringes. Another factor is the rising demand for biopharmaceuticals (such as monoclonal antibodies and vaccines), that need to be stored in devices that maintain product integrity and prevent microbial contamination. Additionally, there has been an increasing preference for self-injection devices by end users, for medications that require dosing at frequent intervals and deliver drugs useful in treating chronic conditions.
While the PFS market is experiencing substantial growth, there are some challenges for the stakeholders in this domain. One of the major factors is the stringent regulatory requirements, impacting the development and approval process of the prefilled syringes. Although prefilled syringes are simpler to use than conventional vials, high cost is required to set up manufacturing facilities and specialized equipment. Further, it is also essential for the manufacturers to ensure sterility and stability of the drug, as well its compatibility with the syringe material, which increases the complexity and cost of the overall manufacturing process.
Despite the aforementioned challenges, various growth factors continue to drive the prefilled syringes market forward. One of the primary factors include the ongoing innovation in materials and technological advancements to increase safety and compatibility of the prefilled syringe; notably, various safety systems (either add-on devices or integrated) have been incorporated into prefilled syringes to prevent needle stick injuries. Further, prefilled syringes are increasingly being integrated with advanced injection devices, such as autoinjectors and pen injectors; this enables the pharmaceutical companies to extend the lifecycle of their products.
The prefilled syringes market report also includes detailed profiles of key players (listed below) that manufacture prefilled syringes:
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Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.
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