A recent research report from Future Market Insights, Prefilled Syringes Drug Molecules Market gives a general outline of the global prefilled syringes drug molecules market. This market is anticipated to be valued at US$ 56 billion in 2022 and expand at a CAGR of 5.6% to reach US$ 77.7 billion by 2028.
Medication is prefilled into prefilled syringes by manufacturers and then provided to end users in a ready-to-use state. Global healthcare expenditure has increased over the last few years. As a result of the ongoing need for healthcare sector solutions to improve life, pharmaceutical companies have many opportunities. This has also aided in the growth of some sectors of the healthcare industry, such as the market for prefilled needles and drug molecules.
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Global Prefilled Syringes Drug Molecules Market: Drivers and Opportunities
According to the analysis, prefilled syringes’ efficiency, convenience, and ease of use are the primary factors driving market revenue growth. Prefilled syringe use has increased as a result among patients and various healthcare providers. The demand for prefilled syringes drug molecules has also increased due to self-administration of pharmaceuticals in home settings and minimum contamination of drug molecules.
To draw clients, producers are concentrating on releasing modernised technologies and cutting-edge goods. To maintain and expand in the global prefilled syringes drug molecules market, pharmaceutical companies are releasing generic versions of cost-effective auto-injector devices and are focusing on rising regions such as the Asia Pacific, Middle East, and others.
Global Prefilled Syringes Drug Molecules Market: Segmental Analysis
On the basis of region, North America is expected to lead the market with a huge margin. The North America prefilled syringes drug molecules market is expected to reach a market valuation of over US$ 23,000 Mn by the end of 2028, growing at a CAGR of 6.2% during the forecast period.
On the basis of drug class, vaccines and insulin are anticipated to show quite similar forecast with a high revenue share and CAGR
On the basis of application, immunisation dominates the global prefilled syringes drug molecules market with its projected revenue share. However, diabetes leads in terms of growth rate with 6.6% CAGR during the forecast period.
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In terms of end users, hospital pharmacies are expected to lead the global market with a market revenue of over US$ 32,000 Mn by 2028. However, online pharmacies are projected to register a higher growth rate of 6.2% during the forecast period.
Global Prefilled Syringes Drug Molecules Market: Competitive Landscape
This comprehensive research report consists of a brief profile of all the major players in the industry. Some of the top companies featured in the report are Amgen Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Mylan N.V., Pfizer, Inc., Fresenius Kabi AG, Johnson & Johnson, Sanofi, Merck & Co. Inc., Novartis AG etc.
The global prefilled syringes drug molecules market is highly competitive due to the presence of well-established top players. However, brands such as EpiPen auto Injector and BD Physioject disposable auto injector have strategically maintained their position in the market owing to a distinctive value proposition such as providing more precision and accurate dosage.
Key Segments of Prefilled Syringes Drug Molecules Industry Research
By Drug Class:
- Vaccines
- Insulin
- Adrenaline
- Opioids
- Others
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By Application:
- Prefilled Syringes Drug Molecules for Cardiovascular Diseases
- Prefilled Syringes Drug Molecules for Diabetes
- Prefilled Syringes Drug Molecules for Immunization
- Prefilled Syringes Drug Molecules for Pain Management
- Others
By End User:
- Prefilled Syringes Drug Molecules Sold at Hospital Pharmacies
- Prefilled Syringes Drug Molecules Sold at Retail Pharmacies
- Prefilled Syringes Drug Molecules Sold through Online Pharmacies
- Prefilled Syringes Drug Molecules Sold at Drug Stores
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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