Prefilled Syringes Market to hit Around USD 69.04 Bn by 2033

The global prefilled syringes market size was exhibited at USD 20.43 billion in 2023 and is projected to hit around USD 69.04 billion by 2033, growing at a CAGR of 12.95% during the forecast period 2024 to 2033.

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Growing demand for efficient and easy-to-use drug delivery devices and increasing efforts of healthcare professionals to reduce hospital errors are the principal factors driving the market growth. The fast-paced development of feature-rich devices with underlying technological advancements extending safer and convenient self-injections for patients coupled with the impact of COVID-19 is expected to fuel the market growth during the forecast period.

Key Takeaways:

• Geographically speaking, Europe dominated the prefilled syringes market with the highest share of 43.0% in 2023.
• Based on type, the disposable prefilled syringes segment captured the largest market share with around 78.98% in 2023 owing to its wide applications.
• Based on the material, the glass syringes segment dominated the market with around 53.27% of the revenue share.
• Considering the scope of application, the diabetes segment dominated the industry with around 53.75% of the revenue share.
• The hospital segment dominated the market holding a share of 55.0% in 2023

With the current COVID - 19 outbreaks, a huge surge in immunizations is expected around the world. COVID-19 has spurred the development of prefilled syringes, especially for low-temperature storage. For instance, in September 2023, by demonstrating their glass prefilled syringes, which are ideal for use with mRNA doses that must be stored at ultralow temperatures, BD has positioned itself to unlock a new COVID-19 vaccination opportunity. BD also analyzed 2,000 syringes that were maintained at minus 20 and minus 40 degrees Celsius to see how temperatures affected the delivery devices. Moreover, syringes with various glass barrel coatings, volumes, and other variables that could influence the response to deep cold storage were investigated. As a result, due to the outbreak of the COVID-19 pandemic in 2020, sales of prefilled syringes increased globally.

A steep rise in the development of biological therapies is expected to boost industry growth. Biologic drugs including therapeutic vaccines are rapidly replacing the traditional therapeutic options owing to their increased efficiency, efficacy as well as patient safety with reduced side effects. The constant introduction of biologic drugs has given rise to the demand for innovative packaging solutions to maintain the potency of these drugs as they are extremely unstable. More than 60% of the biologic drugs are currently in the pipeline and preferred with parenteral administration as any interaction with food and digestive enzymes results in their deterioration. Thus, prefilled syringes are considered to be an ideal container for the storage of such drugs. Moreover, the growth of the biologic drug market has a direct positive impact on the prefilled syringes market.

Needlestick injuries are potentially dangerous as they may lead to the transmission of fatal diseases such as HIV and Hepatitis. For instance, according to the Joint United Nations Programme on HIV/AIDS (UNAIDS) in June 2023, 37.7 million [30.2 million–45.1 million] individuals worldwide were living with HIV in 2020. Additionally, according to the same source, 28.2 million people had access to antiretroviral therapy as of June 2023 which is anticipated to boost the industry growth. Moreover, patients, as well as physicians are at a high risk of developing needle stick injuries during dose preparation. For instance, in March 2023, according to Occupation Safety and Health Administration (OSHA), every year, two million healthcare professionals (out of a total of 35 million) suffer from accidental needle-stick wounds around the world which are anticipated to boost the business scale in the ensuing years.

Furthermore, the Centers for Disease Control and Prevention (CDC) believes that using safety measures like prefilled syringes in hospitals might reduce sharps-related injuries by 60-88 %. This is because prefilled syringes are an easy way to reduce these injuries as the application of these devices bypasses the various dose preparation steps and can easily be disposed of. In the case of self-injection systems, innovative modifications such as hidden needles are helpful in reducing such injuries, resulting in increased patient convenience. As prefilled syringes provide safety without the added price, the usage of the same is expected to increase in the future.

Along with the aforementioned factors, a growing number of approvals for prefilled syringes by regulatory bodies, such as the U.S., FDA, and the EU along with market expansion is predicted to actively contribute to industry expansion. For instance, in September 2022, Owen Mumford Pharmaceutical Services, a company of Owen Mumford Ltd., received approval as a combination product in Asia for their safety device which is named 1mL UniSafe for pre-filled syringes. 1mL UniSafe has also received regulatory approval in Europe and the medicine is currently available on the market as a combination product with a rheumatoid arthritis drug. Moreover, 1mL UniSafe is a revolutionary, spring-free, patented safety mechanism for prefilled syringes that delivers a variety of benefits to both pharmaceutical firms and their patients which is anticipated to increase the demand for prefilled syringes in near future.

The growing popularity of auto-injectors owing to their advantages such as patient convenience and minimal contamination are factors that are expected to boost their growth during the period in focus. For instance, in July 2023, following the complete conclusion of development, Owen Mumford Pharmaceutical Services unveiled its innovative Aidaptus auto-injector platform. Aidaptus is a two-step, single-use auto-injector, spring-powered with a versatile design that fits both 2.25 mL and 1 mL prefilled glass syringes in the same base device, which is projected to drive market growth in the near future.

Increasing government investments in cutting-edge syringe production will drive market growth in the near future. For instance, in March 2022, the investment of USD 84.53 million in Hungary is intended to address the expanding global demand for prefill-able glass syringes. The extension is set to be complete by 2024 and it is expected to support the demand for the product in the near future.

Some of the prominent players in the Prefilled syringes market include:

• Gerresheimer AG
• Schott Group
• Unilife Corporation
• Nipro Medical Corporation
• Owen Mumford
• Haselmeier AG
• BD & Others

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2023 to 2033. For this study, Nova one advisor, Inc. has segmented the global prefilled syringes market.

Type

• Disposable Prefilled Syringes
• Reusable Prefilled Syringes

Material

• Glass Prefilled Syringes
• Plastic Prefilled Syringes

Application

• Anaphylaxis
• Rheumatoid Arthritis
• Diabetes
• Others

• Vaccines and Other Biotech Drugs

Distribution Channel

• Hospitals
• Mail Order Pharmacies
• Ambulatory Surgery Centers

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

The prefilled syringes market has seen significant growth in recent years and is expected to continue expanding due to several key trends:

1. Rise in Biologics Usage: Biologic drugs, including monoclonal antibodies, vaccines, and insulin, are increasingly being used to treat various diseases. Prefilled syringes offer advantages such as ease of administration, reduced risk of contamination, and accurate dosing for these complex drugs.
2. Patient Convenience and Safety: Prefilled syringes enhance patient convenience by eliminating the need for manual syringe filling, reducing the risk of dosage errors, and minimizing the potential for needlestick injuries. This trend is particularly important in home healthcare settings and for self-administered medications.
3. Technological Advancements: Manufacturers are investing in innovative technologies to improve prefilled syringe designs, such as advanced materials for syringe barrels and plungers to enhance drug compatibility and stability. Additionally, advancements in needle safety features, such as retractable needles and needle shields, are gaining traction to reduce the risk of needlestick injuries.
4. Regulatory Support: Regulatory agencies, including the FDA and EMA, have been encouraging the use of prefilled syringes due to their potential to improve medication safety and reduce healthcare-associated infections. This support has led to an increase in the adoption of prefilled syringes by pharmaceutical companies.
5. Expansion in Therapeutic Areas: Prefilled syringes are being utilized across a wide range of therapeutic areas, including oncology, autoimmune diseases, infectious diseases, and neurology. As new biologic drugs are developed for these indications, the demand for prefilled syringes is expected to grow.
6. Emerging Markets: Growing healthcare infrastructure and increasing adoption of injectable therapies in emerging markets, particularly in Asia-Pacific and Latin America, are driving the demand for prefilled syringes. Manufacturers are expanding their presence in these regions to capitalize on the growing market opportunities.
7. Sustainability Initiatives: There is a growing emphasis on sustainability within the pharmaceutical industry, leading to the development of prefilled syringes made from recyclable materials and the implementation of eco-friendly manufacturing processes. This trend is driven by both regulatory requirements and consumer preferences for environmentally friendly products.

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