Pre Filled Syringes Global Market Sees Growth Rate Of 13% Through 2026

The global pre filled syringes market size is expected to grow from $5.67 billion in 2021 to $6.36 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The global pre filled syringe market is then expected to grow to $10.46 billion in 2026 at a CAGR of 13.2%.

What is the Global Pre Filled Syringes Market?

The pre-filled syringes market consists of sales of pre-filled syringes by entities (organizations, sole traders, and partnerships) that manufacture disposable syringes 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 pre-filled syringes.

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What drives the Global Pre Filled Syringes Market?

The high demand for pre-filled syringes to administer COVID-19 vaccines is expected to boost the pre-filled syringes market during the forecast period. Pre-filled syringes are being preferred for administering COVID-19 vaccines to reduce the risk for needle stick infections. To cater to the growing demand for administering COVID-19 vaccines, the companies are focusing to increase the production of pre-filled syringes. For instance, the US Department of Defense awarded a contract of $138 million with ApiJect Systems America for “Project Jumpstart” and “RAPID USA,” to facilitate the production of pre-filled syringes for the coronavirus vaccine. Project Jumpstart supported the supply chain for prefilled syringes that manufacture 100 million prefilled syringes. The contract also accelerated the launch of RAPID USA to facilitate the production of 500 million pre-filled syringes by 2021. Thus, the high demand for pre-filled syringes intended for the administration of COVID-19 vaccines is expected to fuel the market growth during the forecast period.

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Global Pre Filled Syringes Market Segments
The global pre filled syringes market is segmented:
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 regions covered in the pre filled syringes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Pre Filled Syringes Global Market Report 2022provides market size and growth forecasts for the global pre filled syringes market, global pre filled syringes market share, pre filled syringes market segments and geographies, pre filled syringes market competitive landscape including leading competitors’ revenues, profiles and pre filled syringes market shares. The pre filled syringes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Pre Filled Syringes Industry Playersinclude Becton Dickinson and Company, Gerresheimer AG, Schott Group, West Pharmaceutical Services Inc, Baxter International Inc, Nipro Corporation, Terumo Corporation, Vetter Pharma International GmbH, Stevanato Group, and Weigao Group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.