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The global prefilled syringes market size was USD 7.91 billion in 2023 and is projected to grow from USD 8.70 billion in 2024 to USD 20.62 billion by 2032, exhibiting a CAGR of 11.4% during the forecast period (2024-2032). Europe dominated the global market with a share of 40.33% in 2023.
Prefilled syringes are injectable drug delivery containers designed to administer drugs via the parenteral route. There are several advantages associated with these syringes such as reduced chances of contamination, prevention of drug wastage due to overfilling, eliminating of dosing errors, enabling quick drug delivery in case of emergencies, and easy use. Owing to the above-mentioned advantages, pharmaceutical companies are considering them as one of the most effective ways of delivering a wide range of injectable drugs, including biologics and biosimilars.
The rising incidence of chronic diseases, such as diabetes and other autoimmune diseases, is likely to fuel the demand for prefilled syringes in the forthcoming years. For instance, according to the American Autoimmune Related Diseases Association Inc. (AARDA), about 50 million Americans suffer from autoimmune disorders currently. There are more than 100 autoimmune disorders, and they are among the top 10 leading causes of death among American women. The growing demand for biological drugs and innovations in pre-fillable syringe technologies to fulfill the unmet needs for treating chronic diseases across the globe is likely to support global market growth. Combined with this, the increasing number of product launches by key players and the high adoption of the products by healthcare professionals are factors likely to boost the market during the forecast period.
The COVID-19 pandemic positively impacted the market owing to the high demand for pre-filled products. Increased production of vaccines for coronavirus led to the focus of manufacturers toward increasing their production capacity for pre-filled products. Thus, increased production capacity resulted in increased revenue among manufacturers and, therefore, impacted the market positively.
Increasing Demand for Biologics and Biosimilars in the Market
The global life science industry is facing a drastic shift from chemical-based drugs to biologics and biosimilars. Biologics are excellent for targeted delivery and are less prone to drug-drug interaction, leading to increased inclination. The rise in biologics to treat chronic diseases has urged drug and packaging manufacturers to seek more sophisticated container closures and drug delivery systems.
Therefore, this has led to a significant increase in the use of these syringes for safely delivering biologics and biosimilars.
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Growing Innovations in Pre-filled Products for Biologic Drugs to Propel Market Growth
Growing demand for biologics is resulting in the introduction of innovative injectable drug delivery solutions. The growing innovation in drug delivery solutions for injectable drugs is creating a huge demand for prefilled syringes in the market. This, along with growing focus of manufacturers on receiving the approvals from regulatory bodies is likely to support the global prefilled syringes market growth during the forecast period.
Additionally, the rising prevalence of cancer, autoimmune diseases, and other non-communicable diseases is likely to increase the demand for biological drugs. For instance, according to International Agency for Research on Cancer (IARC), by 2040, the global burden of cancer is expected to grow to 27.5 million new cases. Moreover, according to National Stem Cell Foundation (NSFC), around 4.0% of the world population is affected by any autoimmune disease, and the most common are lupus, type 1 diabetes, multiple sclerosis, etc. This number is expected to rise in the future, leading to increased demand for biologics.
Rising Adoption of Self-Injecting Parenteral Devices to Spur Market Growth
The use of pre-filled injections as a self-injecting device is the modern way to administer parenteral drugs. These are convenient and help ease the administration process. These products help provide greater patient safety and reduce exposure to toxic products while drawing medications from the drug vials. Therefore, self-injecting devices with their pre-measured dosage reduced dosing errors and increased patient safety, offer multiple advantages for the user.
Owing to the advantages associated with these devices, there is a rising preference among healthcare providers towards prefilled syringes. Citing this, many companies are investing in R&D to develop innovative drugs to be delivered through these syringes, enabling self-injection.
Thus, such increasing adoption leading to new product approvals bodes well for the growth of the global market.
Complex Manufacturing Process and Product Recalls to Hamper Market Growth
Prefilled syringes are becoming an increasingly attractive option for complex biotechnology products. However, various product recalls due to certain impurities or leakage in the syringes restrict the market growth during the forecast period.
Thus, strict regulatory requirements, manufacturing complexity, and rising recall of these products are major restraining factors for the market’s growth.
Rise in Technological Innovations to Drive Plastic Segment Growth
Based on material, the market is segmented into glass and plastic. Among them, the glass segment held a significant market share in 2023. It is a highly preferred material for manufacturing due to the substantial barrier property of the glass. Also, it has the advantage of being highly compatible with several filling drug machines. Therefore, increasing focus of key players toward launching new glass pre-filled syringes is likely to support the growth of the segment in the market.
The plastic segment is anticipated to grow significantly during the forecast period due to key players involved in developing plastic syringes and producing technological innovations offering advantages over glass syringes.
Rising Technological Advancements in Luer Lock Form System to Exhibit Significant Growth Rate in Market
Based on the closing system, the market is segmented into staked needle system, luer cone system, and luer lock form system. Among closing system, the staked needle system segment captured a significant share in the market owing to the speedy usage of the staked needle system. However, the rising incidence of needle-stick injuries is likely to reduce the growth rate of the staked needle system segment in the coming years.
Technological advancements in the luer lock form systems make them more secure by preventing needle sticks accidents. Moreover, the twisting mechanism forming a locked connection in the luer lock form system has reduced the leakage of liquid drugs. Such technological advancements along with new product launches further augment the segment growth at a faster pace during the forecast period.
Increasing Demand for Complete Syringe Lead the Segment to Hold Lion’s Share in Global Market
Based on product, the market is segmented into complete syringe set and components & accessories. Among products, the complete syringe set segment captured a significant share of the market owing to the growing demand for these products for effective drug delivery and rising demand for self-injectable delivery systems among patients.
The components & accessories segment is expected to witness moderate growth in the market in the forthcoming years. This is attributed to the lower demand among drug manufacturing companies for independent components for pre-filled injections compared to the complete set.
Increasing Approval of Single Chamber Prefilled Syringes to Capture the Largest Market Share
Based on design, the market is segmented into single-chamber, double-chamber, and multiple-chamber. Among them, the single-chamber segment captured a significant share of the market and is likely to exhibit a significant CAGR during the forecast period.
Moreover, the growing technological innovations and shifts in preference from single-chamber syringes to a double-chamber system are likely to enhance the demand for the double-chamber system during the forecast period. Double-chamber syringes are highly efficient for storing biological components that cannot retain their stability for a longer period. Also, the growing penetration of lyophilized drugs worldwide is likely to surge the demand for these syringes during the forecast period.
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Growing Interest in Injectables is leading the Pharmaceutical & Biotechnology Companies Segment to Dominate the Market
Based on end-user, the market is categorized into pharmaceutical & biotechnology companies, contract research & manufacturing organizations, and others. Among end user, the pharmaceutical & biotechnology companies segment captured a major share in the global market. The fast-expanding pharmaceutical companies across the globe are majorly engaged in biologics, vaccines, and biosimilars. These companies have increased their demand for new drug delivery systems, such as syringes, prescribed with a unit dose of medication for better patient compliance.
Moreover, the rising number of early-stage, along with government-funded biotech players are focusing on drug discovery and development, which is likely to boost the demand for syringes for the effective delivery of drugs. The rise in demand for innovative injectable drug delivery systems is expected to boost the pharmaceutical & biotechnology companies’ segment growth during the forecast period.
The contract research & manufacturing organizations segment is likely to expand at a significant rate during the forecast period due to innovative technologies offering filling services.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Europe Prefilled Syringes Market Size, 2023 (USD Billion)
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Europe dominated the global market and generated a revenue of USD 3.19 billion in 2023. The increasing number of patients using biologics as treatment options for chronic diseases and the strong adoption of advanced delivery methods for self-injection of drugs are the major factors likely to boost the demand in Europe. In addition, the presence of key players engaged in developing pre-fillable syringes in Europe is likely to boost market growth.
North America is likely to hold the second-largest market share after Europe, owing to the rise in several chronic diseases, such as diabetes and rheumatoid arthritis, which is likely to enhance the demand for prolonged drug administration at an accurate dosage. Increasing product launches and the growing presence of leading players with strong distribution networks are likely to boost market growth in North America.
The Asia Pacific prefilled syringes market is likely to witness fast-paced growth during the forecast period, majorly owing to the increasing prevalence of chronic and lifestyle diseases, rising usage of these syringes, and rapidly growing patient population. Moreover, the rising awareness regarding innovations in these syringes and significant growth in contract manufacturing companies outsourcing packaging & filling services are likely to play a pivotal role in boosting the market growth in the region.
Latin America and the Middle East & Africa regions are likely to experience slow growth in this market due to lower awareness about innovative products and slow penetration of the market.
Strong Product Offerings by Key Players to Propel Market Growth
Becton Dickinson and Company (B.D.), Gerresheimer AG, SCHOTT AG, and West Pharmaceutical Services Inc. accounted for most of the global prefilled syringes market share in 2023. These players are likely to continue their dominance and generate significant revenue in the forthcoming years. Dominance is attributable to the robust research activities and continuous investments in innovative product development to launch a cost-effective and highly effective parenteral drug delivery system.
Moreover, a strong focus on strategic partnerships with other key market players is likely to support expanding their footprints in the global market. For instance, in May 2022, B.D. announced its collaboration with Mitsubishi Gas Chemical Company, to investigate the potential uses of Oxycapt technology developed by Mitsubishi Gas Chemical Company for the development of prefilled syringes.
An Infographic Representation of Prefilled Syringes Market
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The global market report provides detailed information regarding various insights into the market. Some of them are growth drivers, restraints, competitive landscape, regional analysis, and challenges. It further offers an analytical depiction of the market trends and estimations to illustrate the forthcoming investment opportunities. The market is quantitatively analyzed from 2019 to 2030 to provide the financial competency of the market. The information gathered in the report has been taken from several primary and secondary sources.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 11.4% from 2024-2032 |
Unit | Value (USD billion) |
Segmentation | By Material
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By Closing System
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By Product
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By Design
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By End User
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By Region
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Fortune Business Insights says that the global market size was USD 7.91 billion in 2023 and is projected to reach USD 20.62 billion by 2032.
In 2023, the Europe market stood at USD 3.19 billion.
Growing at a CAGR of 11.4%, the market will exhibit steady growth during the forecast period (2024-2032).
The plastic segment is expected to be the leading segment by material in this market during the forecast period.
The rising prevalence of chronic disease diseases, increasing demand for biologics as treatment options, growing awareness of advanced products, and product launches are the key factors driving the growth of the market.
BD, Gerresheimer AG, SCHOTT AG, and West Pharmaceutical Services Inc. are the top players in the market
Europe dominated the market share in 2023.
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