The Global Prefilled Syringes Drug Molecules Industry is poised for substantial growth, according to a recent market analysis. The market, currently valued at US$ 56 billion in 2022, is expected to climb at a Compound Annual Growth Rate (CAGR) of 5.6% over the next six years, reaching a staggering US$ 77.7 billion by 2028.
prefilled syringes drug molecules are prefilled with medication by the manufacturers and are supplied to end users in the ready-to-use form. The overall global investment in healthcare has increased in the last few years. Healthcare field solutions continue to be sought after to increase the quality of life, which provides significant opportunities for pharmaceutical companies. This has also contributed to the growth of various segments of the healthcare industry such as the Global Prefilled Syringes Drug Molecules Industry.
A new research report by Future Market Insights titled ‘Global Prefilled Syringes Drug Molecules Industry: Analysis 2012–2021 and Opportunity Assessment 2022- 2028’ briefs the scenario of the Global Prefilled Syringes Drug Molecules Industry. According to the market analysis, the global prefilled syringes drug molecules market is expected to reach a market valuation of over US$ 70 Bn by the end of 2027, growing at a CAGR of 5.7% during the forecast period.
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Global Prefilled Syringes Drug Molecules Industry: Drivers and Opportunities
The report indicates that the revenue growth of the market is mainly driven by the effectiveness, convenience, and ease of use of prefilled syringes. This has attracted various healthcare professionals and patients to use prefilled syringes. In addition, the minimal contamination of drug molecules and self-administration of drugs at home settings has increased the demand for prefilled syringe drug molecules. Manufacturers are focussing on introducing updated technologies and advanced products to attract customers. Pharmaceutical companies are introducing generic versions for cost-effective auto-injector devices and are targeting emerging regions such as the Asia Pacific, the Middle East, and others to sustain and grow in the Global Prefilled Syringes Drug Molecules Industry.
Global Prefilled Syringes Drug Molecules Industry: Segmental Analysis
- Based on region, North America is expected to lead the market with a huge margin. The North American 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.
- Based on drug class, vaccines, and insulin are anticipated to show quite a similar forecast with a high revenue share and CAGR
- Based on application, immunization dominates the Global Prefilled Syringes Drug Molecules Industry with its projected revenue share. However, diabetes leads in terms of growth rate with a 6.6% CAGR during the forecast period.
- 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.
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Global Prefilled Syringes Drug Molecules Industry: 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 Industry 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 Global Prefilled Syringes Drug Molecules Industry Research
by Drug Class:
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
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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