Lucintel Forecasts Prefilled Syringe Market to Reach $10.8 Billion by 2027

According to the recent study the prefilled syringe market is projected to reach an estimated $10.8 billion by 2027 from $6.2 billion in 2021, at a CAGR of 9.5% from 2021 to 2027. Growth in this market is primarily driven by increasing prevalence of chronic diseases and growing home-based healthcare market.

Browse 108 figures / charts and 95 tables in this 226 -page report to understand trends, opportunities and forecast in prefilled syringe market by material (glass-based and plastic-based), product type (conventional and safety), design (single chamber, dual chamber, and customized), application (anaphylaxis, diabetes, rheumatoid arthritis, and others), end user (hospitals/clinics, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Conventional market is expected to remain the largest segment during the forecast period.”

Based on product type, the prefilled syringe market is segmented into conventional and safety. Lucintel forecasts that the conventional market is expected to remain the largest segment due to increasing prevalence of chronic devices like diabetes, cancer, and autoimmune diseases.

“Within the prefilled syringe market, the diabetes segment is expected to remain the largest application”

Based on application the diabetes segment is expected to witness the highest growth over the forecast period due to rise in adoption of injectable devices, surges in the advantages of prefilled syringes, and an increase in prevalence of chronic diseases.

“Asia pacific will dominate the prefilled syringe market in near future”

APAC will remain the fastest growing region over the forecast period due to improvements in healthcare infrastructure, a rise in number of hospitals equipped with advanced instruments, and development of the R&D sector.

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Major players of prefilled syringe market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Becton, Dickinson, and Company, Gerresheimer AG, B. Braun Melsungen, Schott AG, Baxter International, Nipro Corporation, and Shandong Weigao Group are among the major prefilled syringe providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/prefilled-syringe-market.aspx or [email protected]

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