Prefilled Syringes Market Analysis by Design (Single-Chamber, Dual Chamber, and Customized); by Material (Glass-Based, and Plastic Based); and by Application (Diabetes, Multiple Sclerosis, Anaphylaxis, Cancer and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Buy Now Report ID: 4398 | Published Date: Apr 13, 2023
The global prefilled syringes market size is estimated to reach ~USD 45 Billion by the end of 2033 by growing at a CAGR of ~13% over the forecast period, i.e., 2023 – 2033. In addition to this, in the year 2022, the market size of prefilled syringes was ~USD 14 Billion. The growth of the market can be attributed to the increasing prevalence of HIV and hepatitis-B cases. The self-filling needles used with patients who have hepatitis and HIV have frequently been used incorrectly. Therefore, prefilled syringes are the ideal treatment option for people with hepatitis and HIV. Further, the growing adoption of biologics and biosimilars, is also expected to add to the market growth. According to estimates, over 1,180,000 Americans had HIV in 2019.
In addition to these, factors that are believed to fuel the market growth of prefilled syringes include the rise in demand of self-injection devices. For instance, prefilled syringes are increasingly used to dispense self-administered medications such as anticoagulants, growth hormones, and insulin. Further, these syringes offer patients a quick, precise, and secure option to self-administer these medications.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~13% |
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Base Year Market Size (2022) |
~ USD 14 Billion |
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Forecast Year Market Size (2033) |
~ USD 45 Billion |
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Regional Scope |
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Growth Drivers
Growing Prevalence of Chronic Diseases – The need for pre-filled syringes is being driven by the increasing prevalence of chronic diseases such as diabetes, cancer, and autoimmune diseases. In 2018, over 27% of American people had more than one chronic disease.
Rising Geriatric Population – The Elderly population is more prone to chronic diseases and the rising number of elderly populations across the globe is estimated to drive market growth. According to estimates, the proportion of the aged population in India increased by more than 10% in 2021.
Increasing Spending in Healthcare – Demand for pre-filled syringes is expected to certainly increase as a result of rising healthcare spending as healthcare professionals look for innovative tools and solutions that is poised to enhance patient outcomes, cut costs, and boost productivity. According to the most recent expenditure data, health spending in the US increased by over 2% in 2021.
Increasing Number of Needles-Related Infectious Cases – It is expected that infectious illnesses can spread as a result of needlestick injuries. Further, sharing injecting supplies raises the possibility of spreading and catching blood-borne illnesses including HIV and hepatitis B and C, which is anticipated to drive the market growth. According to the WHO, 6 billion injections with contaminated needles are given each year, accounting for more than 4% of all new HIV cases worldwide.
Challenges
The global prefilled syringes market is segmented and analyzed for demand and supply by application into diabetes, multiple sclerosis, anaphylaxis, cancer and others. Out of the five applications of prefilled syringes, the diabetes segment is estimated to gain the largest market share of about ~54% in the year 2033. The growth of the segment can be attributed to the increasing prevalence of diabetes across the globe. The need for pre-filled syringes and insulin is expected to rise along with the prevalence of diabetes. For instance, insulin shots are necessary to maintain normal blood sugar levels in patients with diabetes. Pre-filled syringes offer a quick and convenient way to inject insulin at home or on the go for patients with diabetes who need frequent dosage. Further, the rising popularity of self-medication is projected to boost demand for pre-filled syringes among diabetic patients as it decreases the need for frequent trips to medical facilities. According to estimates, diabetes affected over 37 million Americans in 2019.
The global prefilled syringes market is also segmented and analyzed for demand and supply by material into glass-based, and plastic based. Amongst these two segments, the glass-based segment is expected to garner a significant share of around ~54% in the year 2033. Drug makers prefer glass-based prefilled syringes owing to their superior barrier qualities. Oxygen and water vapor are shielded from drug molecules by the barrier qualities of glass. For instance, glass is utilized in over 90% of PFSs. Besides this, glass provides long-term drug stability for biopharmaceuticals. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global prefilled syringes market includes the following segments:
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By Design |
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By Material |
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By Application |
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The market share of prefilled syringes in Europe, amongst the market in all the other regions, is projected to be the largest with a share of about ~41% by the end of 2033. The growth of the market can be attributed majorly to the increasing geriatric population. As the older population grows, there is predicted to be a growing demand for healthcare services in the region, including the usage of pre-filled syringes to administer medication. For instance, pre-filled syringes have a number of advantages, including their simplicity of use, which is crucial for senior patients who may find it difficult to handle conventional vials and syringes. Also, the demand for some pharmaceuticals, such as vaccinations and biologics, which are frequently administered via pre-filled syringes, is probably going to rise as the older population in the area continues to rise. Further, the growing adoption of self-injection devices in the region, along with the expansion of the biologics and biosimilar market, are also anticipated to contribute to the market growth in the region. In addition, the growing investment in injectable pharmaceuticals and rapid vaccination drive is also anticipated to boost the market growth during the forecast period. According to statistics, Europe had over 15% of old people in 2021.
The Asian Pacific prefilled syringes market is estimated to hold the second largest, share by the end of 2033. The growth of the market can be attributed majorly to the increasing use of injectable drugs. For instance, injectable drugs are increasingly required to treat a variety of chronic disorders, such as diabetes, cancer, and autoimmune diseases, as the region's population continues to age and increase. Pre-filled syringes are becoming more and more common in the area as they are simpler to use and safer than conventional syringes and vials. Particularly for patients who self-administer their medication at home, they provide a more practical and effective method of medication delivery. Further, the increasing technological advancements in the field of prefilled syringes in the region and the surging geriatric population are also anticipated to boost the market growth during the forecast period.
Further, the market in the North America, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2033. The growth of the market can be attributed majorly to the increasing incidence of chronic disorders. For instance, the need for pre-filled syringes is also anticipated to increase owing to the rising aging population in the region. As people get older, their immune systems deteriorate, making them more prone to chronic illnesses that need long-term medicine. Pre-filled syringes have grown in popularity in the area as they are a convenient, safe, and accurate method of administering a variety of medications, including biologics, vaccinations, and biosimilars. As more patients are given chronic disease diagnoses, there will undoubtedly be an increase in demand for these medications and pre-filled syringes. In addition, the region's expanding healthcare infrastructure and rising growing use of increasing usage of injectable medicine is also anticipated to boost the market growth during the forecast period.
Baxter BioPharma Solutions a pioneer in the delivery and production of sterile drugs expanded its sterile fill/finish manufacturing facilities located in Bloomington, Ind. Further, a high-speed automated syringe fills line with a fill rate of up to 600 units per minute, and a new high-speed automated visual inspection line were all part of the facility's planned infrastructure expansion.
BG (Becton, Dickinson and Company) introduced BD Effivax Glass Prefillable Syringe to establish a new benchmark for vaccine PFS performance. Further, it is expected to provide clients with additional support to handle the demanding requirements of today's vaccine manufacturing through design improvements targeted at fill/finish and container dependability.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Radhika Gupta, Shivam Bhutani
Ans: Increasing prevalence of HIV and hepatitis-B cases and the rise in demand of self-injection devices are the major factors driving the market growth.
Ans: The market size of prefilled syringes is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2023 – 2033.
Ans: Leakage in the syringes and the strict regulations associated with the production of syringes are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Europe region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Abbott, Bayer Pharmaceuticals, Baxter BioPharma Solutions, BG (Becton, Dickinson and Company), Gerresheimer AG, Medtronic, Nipro Pharma Corporation, Terumo Medical Corporation, Vetter Pharma International GmbH, West Pharmaceutical Services, Inc., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by design, material, application, and by region.
Ans: The diabetes segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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