Prefilled Syringe Packaging Market
Prefilled Syringe Packaging Market Forecasts to 2030 - Global Analysis By Material Type (Glass Material and Plastic Material), Application (Vaccines, Anesthetics, Antithrombotic Drugs, Biologics and Insulin), End User (Hospitals, Clinics and Home Care) and By Geography
According to Stratistics MRC, the Global Prefilled Syringe Packaging Market is growing at a CAGR of 14% during the forecast period. In order to store and deliver medications or vaccines in premeasured and prefilled syringes, a type of packaging known as prefilled syringe packaging is used. When administering medications or vaccines, it is intended to be convenient, accurate, and safe. Prefilled syringes contain a predetermined dosage of medication or a vaccine, usually in liquid form, and are sealed with a tamper-evident cap or plunger cover. The syringes are made of materials that are compatible with the drug or vaccine being packaged to ensure stability and prevent contamination.
According to the National Institute of Environmental Health Science, in 2017, 24 million people had a condition of autoimmune disease in the US. Moreover, 8 million people had auto-antibodies—blood molecules that indicate a person's chance of developing autoimmune disease.
Market Dynamics:
Driver:
Rising need for safety
Advanced barrier materials and specialized seals are frequently found in prefilled syringe packaging, which can aid in extending the shelf life of pharmaceuticals. This minimizes the risk of degradation and ensures that the medication is stable and effective for a longer time. Prefilled syringes also feature a tamper-evident design that adds an extra measure of protection. The risk of medication errors is decreased by the sealed packaging, which helps prevent contamination, unintentional spills, and tampering. As a result of such factors, the market is expanding.
Restraint:
High cost packaging
Packaging for prefilled syringes can cost more than packaging for conventional vials. The cost is higher due to the manufacturing procedure, specialized materials, and additional quality control measures. Moreover, prefilled syringe use may be restricted by this increased cost, particularly in healthcare systems with limited resources.
Opportunity:
Expanding healthcare facilities in emerging economies
Inadequate healthcare funding continues to be a problem in emerging nations, which has a negative impact on healthcare access, quality, and ultimately, citizen health. In the past two decades, the share of total global healthcare spending in GDP has increased from about 8% to almost 10%, or an estimated USD 8 trillion annually. This increase is attributed to the rising costs of medical care, the expansion of treatment options, and rising consumer demands. The expansion of the middle class, rising GDP, and increased government spending may all be contributing factors to this growth.
Threat:
Stringent regulations and limited reusability
Prefilled syringe use might necessitate regulatory approval and adherence to particular rules. These rules differ between nations and regions, which complicates matters and might cause a delay in the release of some medications in prefilled syringe form. Additionally, prefilled syringes aren't made to be reused; they're typically only meant to be used once. Due to this single-use nature, more medical waste may be produced, which even inhibits market expansion.
Covid-19 Impact
An enormous increase in vaccinations is anticipated worldwide as a result of COVID-19 outbreaks. Because syringes are used so frequently, COVID-19 has prompted the development of prefilled syringe packaging. Syringes with different glass barrel coatings, volumes, and other factors that might affect how they react to deep freezing were also studied. The global prefilled syringe packaging market saw an increase in sales as a result of the COVID-19 pandemic's outbreak in 2020.
The hospitals segment is expected to be the largest during the forecast period
A growing number of patients with diabetes, cardiovascular diseases, and cancer were admitted into hospitals, which led to the hospital segment dominating the market. Because of the variety of applications, hospitals are the main users. A further factor that is anticipated to spur the segment's growth is the growing emphasis on the construction of healthcare infrastructure in developing nations in Asia Pacific and Africa.
The plastic material segment is expected to have the highest CAGR during the forecast period
The plastic material segment is expected to expand quickly over the forecast period. As a result of these syringes' increased adoption by healthcare facilities and ability to shield drugs from moisture, the market will grow during the anticipated period.
Region with largest share:
Due to factors like the preference of healthcare professionals for prefilled injectable devices to reduce needle-related injuries, Europe is predicted to dominate the prefilled syringes packaging market. Major market players have also bolstered their presence in the area over the years. Additionally, a number of government initiatives to encourage the use of single-use medical supplies to prevent infections, along with the presence of significant market players, are anticipated to support regional growth.
Region with highest CAGR:
Over the forecast period, Asia-Pacific is anticipated to experience the highest CAGR. This is a result of the emergence of rapidly expanding economies and the existence of a sizable untapped market. Additionally, the region's market is anticipated to grow as a result of favorable demographic factors like the large population and rising prevalence of different chronic diseases.
Key players in the market
Some of the key players profiled in the Prefilled Syringe Packaging Market include Baxter, Becton Dickinson, Bespak, Bosch Packaging, Catalent, Ciron Group, Corden Pharma, Gerresheimer, Health Biotech, MedXL, Nipro, Novalek Pharmaceuticals, Schott, Stevanato Group, Troikaa, Vetter Pharma, West Pharmaceutical Services and Ypsomed Holding.
Key Developments:
In June 2023, Baxter International Inc., an innovator in connected beds for med-surg and the intensive care unit (ICU), announced today the U.S. launch of its new Hillrom Progressa+ bed for the ICU. Progressa+ offers new technology and features that help make it easier for nurses to care for patients, while supporting patient recovery.
In May 2023, Baxter International Inc., a leading global medtech company, today announced that it has signed a definitive agreement to divest its BioPharma Solutions (“BPS”) business to Advent International (“Advent”), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor.
In February 2023, West Pharmaceutical Services, Inc., a global leader in innovative solutions for injectable drug administration, announces the expansion of its landmark collaboration with Corning Incorporated, that now includes the exclusive distribution rights for Corning Valor® Glass vials and the launch of its first product, West Ready Pack™ with Corning Valor® RTU Vials utilizing SG EZ-fill® technology.
Material Types Covered:
• Glass Material
• Plastic Material
Applications Covered:
• Vaccines
• Anesthetics
• Antithrombotic Drugs
• Biologics
• Insulin
End Users Covered:
• Hospitals
• Clinics
• Home Care
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Prefilled Syringe Packaging Market, By Material Type
5.1 Introduction
5.2 Glass Material
5.3 Plastic Material
6 Global Prefilled Syringe Packaging Market, By Application
6.1 Introduction
6.2 Vaccines
6.3 Anesthetics
6.4 Antithrombotic Drugs
6.5 Biologics
6.6 Insulin
7 Global Prefilled Syringe Packaging Market, By End User
7.1 Introduction
7.2 Hospitals
7.3 Clinics
7.4 Home Care
8 Global Prefilled Syringe Packaging Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Baxter
10.2 Becton Dickinson
10.3 Bespak
10.4 Bosch Packaging
10.5 Catalent
10.6 Ciron Group
10.7 Corden Pharma
10.8 Gerresheimer
10.9 Health Biotech
10.10 MedXL
10.11 Nipro
10.12 Novalek Pharmaceuticals
10.13 Schott
10.14 Stevanato Group
10.15 Troikaa
10.16 Vetter Pharma
10.17 West Pharmaceutical Services
10.18 Ypsomed Holding
List of Tables
1 Global Prefilled Syringe Packaging Market Outlook, By Region (2021-2030) ($MN)
2 Global Prefilled Syringe Packaging Market Outlook, By Material Type (2021-2030) ($MN)
3 Global Prefilled Syringe Packaging Market Outlook, By Glass Material (2021-2030) ($MN)
4 Global Prefilled Syringe Packaging Market Outlook, By Plastic Material (2021-2030) ($MN)
5 Global Prefilled Syringe Packaging Market Outlook, By Application (2021-2030) ($MN)
6 Global Prefilled Syringe Packaging Market Outlook, By Vaccines (2021-2030) ($MN)
7 Global Prefilled Syringe Packaging Market Outlook, By Anesthetics (2021-2030) ($MN)
8 Global Prefilled Syringe Packaging Market Outlook, By Antithrombotic Drugs (2021-2030) ($MN)
9 Global Prefilled Syringe Packaging Market Outlook, By Biologics (2021-2030) ($MN)
10 Global Prefilled Syringe Packaging Market Outlook, By Insulin (2021-2030) ($MN)
11 Global Prefilled Syringe Packaging Market Outlook, By End User (2021-2030) ($MN)
12 Global Prefilled Syringe Packaging Market Outlook, By Hospitals (2021-2030) ($MN)
13 Global Prefilled Syringe Packaging Market Outlook, By Clinics (2021-2030) ($MN)
14 Global Prefilled Syringe Packaging Market Outlook, By Home Care (2021-2030) ($MN)
15 North America Prefilled Syringe Packaging Market Outlook, By Country (2021-2030) ($MN)
16 North America Prefilled Syringe Packaging Market Outlook, By Material Type (2021-2030) ($MN)
17 North America Prefilled Syringe Packaging Market Outlook, By Glass Material (2021-2030) ($MN)
18 North America Prefilled Syringe Packaging Market Outlook, By Plastic Material (2021-2030) ($MN)
19 North America Prefilled Syringe Packaging Market Outlook, By Application (2021-2030) ($MN)
20 North America Prefilled Syringe Packaging Market Outlook, By Vaccines (2021-2030) ($MN)
21 North America Prefilled Syringe Packaging Market Outlook, By Anesthetics (2021-2030) ($MN)
22 North America Prefilled Syringe Packaging Market Outlook, By Antithrombotic Drugs (2021-2030) ($MN)
23 North America Prefilled Syringe Packaging Market Outlook, By Biologics (2021-2030) ($MN)
24 North America Prefilled Syringe Packaging Market Outlook, By Insulin (2021-2030) ($MN)
25 North America Prefilled Syringe Packaging Market Outlook, By End User (2021-2030) ($MN)
26 North America Prefilled Syringe Packaging Market Outlook, By Hospitals (2021-2030) ($MN)
27 North America Prefilled Syringe Packaging Market Outlook, By Clinics (2021-2030) ($MN)
28 North America Prefilled Syringe Packaging Market Outlook, By Home Care (2021-2030) ($MN)
29 Europe Prefilled Syringe Packaging Market Outlook, By Country (2021-2030) ($MN)
30 Europe Prefilled Syringe Packaging Market Outlook, By Material Type (2021-2030) ($MN)
31 Europe Prefilled Syringe Packaging Market Outlook, By Glass Material (2021-2030) ($MN)
32 Europe Prefilled Syringe Packaging Market Outlook, By Plastic Material (2021-2030) ($MN)
33 Europe Prefilled Syringe Packaging Market Outlook, By Application (2021-2030) ($MN)
34 Europe Prefilled Syringe Packaging Market Outlook, By Vaccines (2021-2030) ($MN)
35 Europe Prefilled Syringe Packaging Market Outlook, By Anesthetics (2021-2030) ($MN)
36 Europe Prefilled Syringe Packaging Market Outlook, By Antithrombotic Drugs (2021-2030) ($MN)
37 Europe Prefilled Syringe Packaging Market Outlook, By Biologics (2021-2030) ($MN)
38 Europe Prefilled Syringe Packaging Market Outlook, By Insulin (2021-2030) ($MN)
39 Europe Prefilled Syringe Packaging Market Outlook, By End User (2021-2030) ($MN)
40 Europe Prefilled Syringe Packaging Market Outlook, By Hospitals (2021-2030) ($MN)
41 Europe Prefilled Syringe Packaging Market Outlook, By Clinics (2021-2030) ($MN)
42 Europe Prefilled Syringe Packaging Market Outlook, By Home Care (2021-2030) ($MN)
43 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Material Type (2021-2030) ($MN)
45 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Glass Material (2021-2030) ($MN)
46 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Plastic Material (2021-2030) ($MN)
47 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Application (2021-2030) ($MN)
48 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Vaccines (2021-2030) ($MN)
49 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Anesthetics (2021-2030) ($MN)
50 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Antithrombotic Drugs (2021-2030) ($MN)
51 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Biologics (2021-2030) ($MN)
52 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Insulin (2021-2030) ($MN)
53 Asia Pacific Prefilled Syringe Packaging Market Outlook, By End User (2021-2030) ($MN)
54 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Hospitals (2021-2030) ($MN)
55 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Clinics (2021-2030) ($MN)
56 Asia Pacific Prefilled Syringe Packaging Market Outlook, By Home Care (2021-2030) ($MN)
57 South America Prefilled Syringe Packaging Market Outlook, By Country (2021-2030) ($MN)
58 South America Prefilled Syringe Packaging Market Outlook, By Material Type (2021-2030) ($MN)
59 South America Prefilled Syringe Packaging Market Outlook, By Glass Material (2021-2030) ($MN)
60 South America Prefilled Syringe Packaging Market Outlook, By Plastic Material (2021-2030) ($MN)
61 South America Prefilled Syringe Packaging Market Outlook, By Application (2021-2030) ($MN)
62 South America Prefilled Syringe Packaging Market Outlook, By Vaccines (2021-2030) ($MN)
63 South America Prefilled Syringe Packaging Market Outlook, By Anesthetics (2021-2030) ($MN)
64 South America Prefilled Syringe Packaging Market Outlook, By Antithrombotic Drugs (2021-2030) ($MN)
65 South America Prefilled Syringe Packaging Market Outlook, By Biologics (2021-2030) ($MN)
66 South America Prefilled Syringe Packaging Market Outlook, By Insulin (2021-2030) ($MN)
67 South America Prefilled Syringe Packaging Market Outlook, By End User (2021-2030) ($MN)
68 South America Prefilled Syringe Packaging Market Outlook, By Hospitals (2021-2030) ($MN)
69 South America Prefilled Syringe Packaging Market Outlook, By Clinics (2021-2030) ($MN)
70 South America Prefilled Syringe Packaging Market Outlook, By Home Care (2021-2030) ($MN)
71 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Material Type (2021-2030) ($MN)
73 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Glass Material (2021-2030) ($MN)
74 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Plastic Material (2021-2030) ($MN)
75 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Application (2021-2030) ($MN)
76 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Vaccines (2021-2030) ($MN)
77 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Anesthetics (2021-2030) ($MN)
78 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Antithrombotic Drugs (2021-2030) ($MN)
79 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Biologics (2021-2030) ($MN)
80 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Insulin (2021-2030) ($MN)
81 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By End User (2021-2030) ($MN)
82 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Hospitals (2021-2030) ($MN)
83 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Clinics (2021-2030) ($MN)
84 Middle East & Africa Prefilled Syringe Packaging Market Outlook, By Home Care (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
