Prefilled syringes Market, June 2021 Report On Size and Growth 2021, CAGR Value, Top Players with Share and Revenues, Industry Trends, Business Strategies and Challenges till 2030

In a recently published report, Prefilled syringes Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Prefilled syringes Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global prefilled syringes market to reach USD 9.3 billion by 2025.Global prefilled syringes market valued approximately USD 4.3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 10.1 % over the forecast period 2018-2025. Ease of administration and reduced risk of contamination offered by these devices over the conventional delivery systems such as vial and ampoules are the key trends that are responsible for the wide adoption of prefilled syringes globally.

Increasing prevalence of chronic disease such as diabetes, rheumatoid arthritis, cancer etc. the diagnosis of which demand frequent drug injection is the major factor driving the global prefilled syringe market. Further, the ease at which patient can self-administer injectable drugs make prefilled syringes a preferred choice for healthcare treatment into home or out of hospital. As per CDC (Center for disease control & prevention) 54.4 million adults between the year 2013 and 2015 were diagnosed for arthritis further it is anticipated that by 2040, 78.4 million (25.8 % of the estimated total adult population) adults with the age of 18 years and above would be doctor-diagnosed for arthritis alone in US. Commercially, prefilled syringes for the diagnosis of cancer, diabetes, multiple sclerosis, anaphylaxis etc. are available as of October 2017.

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Moreover, increasing adoption of self-injection devices such as pen injectors, technological advancements in the drug delivery platforms and superior effectiveness of the prefilled syringes to reduce medication errors are the other major factors driving the demand for prefilled syringes. However, easy availability of alternative products i.e. vials, ampules and stringent government regulations on the manufacturing of prefilled syringes are the major factors that impede the growth of global prefilled syringe market.

On the basis of segmentation, the prefilled syringes market is segmented into material, type and design. The material segment of global prefilled syringes market is classified into glass-based and plastic based. Glass based prefilled syringes held major share in 2016. However, the demand for plastic based prefilled syringes are increasing due to increasing awareness among healthcare practitioners and physicians to reduce medication errors as it offers clarity which is helpful to reduce medication errors. Based on type segment, the market is diversified into safety prefilled syringes and conventional prefilled syringes. On the basis of design segment, the market is classified into single-chamber prefilled syringes, dual-chamber prefilled syringes and customized prefilled syringes.

The regional analysis of prefilled syringes market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America and Europe have occupied major share in the global prefilled syringe market, followed by Asia Pacific. The major reason for the dominance of Europe and North America is the constant increase in geriatric population, demand for quality healthcare, increasing trend of home-based treatment coupled with high healthcare expenditure in these regions that has facilitated wide adoption of prefilled syringes. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific region is witnessed owing to the increasing number of hospitals, clinics in Indian and China. Also, improving healthcare infrastructure is also expected to supplement the growth of Asia-Pacific over the forecast period.

The leading market players include-*Gerresheimer AG
*Schott AG
*Becton, Dickinson and Company
*West Pharmaceutical Services, Inc.
*Vetter Pharma International GmbH
*Weigao Group
*OMPI
*Catalent, Inc.
*Nipro Corporation
*Medpro Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Type:
*Safety Prefilled Syringes
*Conventional Prefilled syringes

By Material:
*Plastic Prefilled Syringes
*Glass Prefilled Syringes

By Design:
*Single-chamber prefilled syringes
*Dual-chamber prefilled syringes
*Customized Prefilled Syringes

By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
o ROE
*Asia Pacific
o China
o India
o Japan
o ROAPEC
*LAMEA
o Brazil
o Mexico
*ROW
o Middle East & Africa

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Prefilled syringes Market in Market Study:

*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors

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