Global Prefilled Syringes Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The prefilled syringes market consists of sales of prefilled syringes by entities (organizations, sole traders, and partnerships) that manufacture disposable syringe supplied with already loaded medicine to be injected. The companies involved in the pre-filled syringes market are primarily engaged in the development, manufacturing, and marketing of prefilled syringes.

Global Prefilled Syringes Market Size And Drivers:

The global prefilled syringes market is expected to grow from $5.78 billion in 2020 to $7.29 billion in 2021 at a compound annual growth rate (CAGR) of 20.74%. The exponential growth is mainly due to the companies catering to the growing demand for COVID-19 vaccines that require pre-filled syringes. The pre-filled syringes market is expected to reach $11.18 billion in 2025 at a CAGR of 11.30%. High demand for prefilled syringes to administer COVID-19 vaccines is expected to boost the prefilled syringes market during the forecast period.

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Trends In The Global Prefilled Syringes Market

Companies in the prefilled syringes market are increasingly investing in connected prefilled syringes, which allows healthcare professionals to track and access data. A connected prefilled syringe is a drug delivery device that can be connected to a smartphone that tracks data and reports to healthcare professionals accordingly. In 2020, Biocorp launched Injay, a connected prefilled syringe that is based on NFC technology wherein the technology helps in the transfer of data to a smartphone or specific transmitters, depending on specific use cases and environment.

Global Prefilled Syringes Market Segments:
The global prefilled syringes market is further segmented based on type, material, design, application and geography.
By Type: Conventional 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 Geography: The global prefilled syringes market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the prefilled syringes market in 2020.

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Prefilled Syringes Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides prefilled syringes market overviews, analyzes and forecasts market size and growth for the global prefilled syringes market, prefilled syringes market share, prefilled syringes market players, prefilled syringes market segments and geographies, prefilled syringes market’s leading competitors’ revenues, profiles and market shares. The prefilled syringes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.