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The global prefilled syringes market size was USD 5.28 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with prefilled syringes witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a strong growth of 10.8% in 2020. The market is projected to grow from USD 5.85 billion in 2021 to USD 11.94 billion in 2028 at a CAGR of 10.7% in the 2021-2028 period. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
Prefilled syringes are injectable drug delivery containers designed to administer drugs via the parenteral route. Pharmaceutical companies are considering them as one of the most effective ways of delivering a wide range of injectable drugs including biologics and biosimilar. This is the major factor contributing to the demand for prefilled syringes. They enable easy and quick delivery of drugs in case of emergencies.
The rising incidence of chronic diseases, such as diabetes and other autoimmune diseases, is likely to fuel the demand of the market 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. The growing demand for biological drugs and innovations in pre-fillable syringe technologies to fulfill the unmet needs for treating chronic disease across the globe is likely to support the global market growth. Combined with this, the increasing number of product launches by key players and high adoption of the products by healthcare professionals are factors likely to boost the market during the forecast period.
High Demand for Prefilled Products amid COVID-19 for Vaccine Production
The impact of the COVID-19 on pharmaceutical packaging is expected to be high due to the rapid production of vaccines for the coronavirus. There is an increasing demand for such syringes over glass ampoules or any other additional needles because of the reduced risk of needle-stick injuries. Therefore, to ramp up the production of the COVID-19 vaccine, the manufacturers are increasing their production capacity. For instance, the U.S government has signed a deal of $138 million with the syringe makers to facilitate the production of 100 million prefilled syringes for the coronavirus vaccines by the end of 2020 and more than 500 million in 2021.
The COVID-19 outbreak has positively impacted the demand for prefilled injections. The global market is projected to grow by 10.9% in 2021 due to the COVID-19 crisis, compared to 10.3% without COVID-19.
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Rising Demand for Biologics & Biosimilars to Aid Market Expansion
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 closure and drug delivery systems. Therefore, this has led to a significant increase in prefillable syringes for safely delivering biologics and biosimilars. For instance, according to the Central Drugs Standard Control Organization (CDSCO), a total of 98 biosimilars have been approved in India to date.
Growing Innovations in Prefilled Products for Biologic Drugs to Propel Market Growth
The increasing demand for biological drugs and growing innovations in injectable delivery solutions are likely to drive the global market growth during the forecast period. Biological drugs have attracted the attention of leading players as they target diseases that had no or very limited treatment options available. For instance, in March 2019, W. L. Gore & Associates, Inc. launched GORE ImproJect Plunger for prefilled syringes, a solution for silicon-sensitive biologics.
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 the National Cancer Institute, an estimated 1,806,590 new cancer cases were diagnosed in the U.S. in 2020. This number is expected to rise to 22.2 million by 2030, leading to an increase in demand for biologics in the U.S.
Rising Adoption of Self-Injecting Parenteral Devices to Spur Market Growth
The use of prefilled 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. Hence, the above reasons contribute to increasing adoption and inclination towards this product among healthcare professionals and patients that will bode well for the growth of this 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 market growth during the forecast period. For instance, in April 2020, BD announced a voluntary, consumer-level medical device recall of multiple lots of PosiFlush SF Saline Flush Syringe because of the holes in the packaging.
Rise in Technological Innovations to Drive Plastic Segment Growth
Based on material, the global market is classified into glass and plastic.
Among them, the glass segment held the largest prefilled syringes market share in the year 2020. Owing to the strong barrier property of the glass, it is a highly preferred material for manufacturing prefilled syringes. Also, it has the advantage of being highly compatible with several filling drug machines. However, certain drawbacks such as the reaction of glass ions with the drugs, coupled with a greater chance of breakage, are expected to shift the preference of the manufacturing companies for material from glass to plastic.
The plastic segment is anticipated to be the fastest-growing segment during the forecast period due to key players involved in developing plastic prefilled syringes and growing technological innovations offering advantages over glass syringes. For instance, in September 2019, Schreiner MediPharm announced the launch of the Cap-Lock system for luer-lock syringes. The cap-lock feature aims to ensure the primary container’s integrity.
Luer Lock Form System to Exhibit Significant Growth Rate in Market
Based on the closing system, the global market has been segmented into a staked needle system, Luer cone system, and Luer lock form system.
Among them, the staked needle system segment captured a major share in the market owing to the speedy usage of the staked needle system. However, the rising incidence of needlestick 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 are making them more secure by preventing needle stick accidents. Moreover, the twisting mechanism forming a locked connection in the Luer lock form system has reduced the leakage of liquid drugs, further augmenting the segment growth at a faster pace during the forecast period. For instance, in March 2019, Gerresheimer AG showcased metal-free 1 ml long luer lock Gx RTF glass syringes for bioengineered active substances at PDA annual meeting in San Diego.
Complete Syringe Set to Hold Lion’s Share in Global Market
Based on the product, the market has been segmented into a complete syringe set and components & accessories.
Among them, the complete syringe set segment captured a major portion of the market share 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 prefilled injections compared to the complete set.
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Single Chamber Segment to Capture the Largest Market Share
Based on the design, the market has been segmented into a single chamber, double- chamber, and multiple chambers syringes.
Among them, the single-chamber segment captured a major share of the market and is likely to exhibit a significant CAGR during the forecast period. The growing technological innovations and shifts in preference from a single chamber prefilled syringes to a dual-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. Moreover, the growing penetration of lyophilized drugs worldwide is likely to raise the demand for these syringes during the forecast period.
Pharmaceutical & Biotechnology Companies Segment to Dominate
Based on the end-user, the market has been categorized into pharmaceutical & biotechnology companies, contract research & manufacturing organizations, and others.
Among them, the pharmaceutical & biotechnology companies segment captured a major share in the global market. The fast-expanding pharmaceutical companies all over 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, a growing number of early-stage, coupled with well-funded biotech companies focused on drug discovery and development, is likely to boost the demand for syringes for the effective delivery of drugs. This rise in the 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.
Europe Prefilled Syringes Market Size, 2020 (USD Billion)
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Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Among them, Europe dominated the global prefilled syringes market and accounted for USD 2.14 billion in 2020. The increasing number of patients using biologics as treatment options for chronic diseases and strong adoption of advanced delivery methods for self-injection of drugs are the major factors likely to boost the demand for prefillable syringes in Europe. In addition to that, the presence of key players engaged in developing prefillable syringes in Europe is likely to boost the market growth. For instance, in September 2019, Nemera announced the launch of a new Safe ‘n’ Sound pre-fillable safety device for administration of Hulio biosimilar in Europe.
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. The increasing product launches and the growing presence of leading players with strong distribution networks are likely to boost the market growth in North America.
The market in Asia-Pacific is likely to witness fast-paced growth during the forecast period, majorly owing to the increasing prevalence of chronic diseases, rise in 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 the lower awareness about the innovative products and slow penetration of the market.
Strong Product Offerings by Key Players to Propel Prefilled Syringes Market Growth
BD, Gerresheimer AG, SCHOTT AG, and West Pharmaceutical Services Inc. are the leading players in this market with a strong brand presence combined with a wide range of product offerings. 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 September 2019, Gerresheimer AG launched a Gx RTF ClearJect polymer needle syringe, 2.25 ml, to expand its range of prefillable polymer syringes.
An Infographic Representation of Prefilled Syringes Market
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The global prefilled syringes 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 2017 to 2028 to provide the financial competency of the market. The information gathered in the report has been taken from several primary and secondary sources.
Value (USD Billion)
By Closing system
Fortune Business Insights says that the global market size was USD 5.28 billion in 2020 and is projected to reach USD 11.94 billion by 2028.
In 2020, the European market stood at USD 2.14 billion.
Growing at a CAGR of 10.7%, the market will exhibit steady growth during the forecast period (2021-2028).
The glass 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 2020.
The pharmaceutical & biotechnology companies segment in the end-user category is expected to drive the market.
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