The Global Prefilled Syringes Market is expected to reach $ 6.36 billion, a CAGR of 10.1%
Factors driving the growth of this market include technological advancements in Prefilled Syringes, the high prevalence of chronic diseases, the presence of a large patient population base, rising adoption of self-injection devices, and implementation of needlestick legislation.
Development of technologically advanced Prefilled Syringes and growing adoption of self-injection devices are the major trends in the Prefilled Syringes market. However, lack of safety features in Prefilled Syringes and product recalls are expected to limit the growth of this market in the coming years.
Prefilled Syringes Market
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Prefilled Syringes Market segmentation:
· based on materials.
· based on types.
· based on design.
· based on regions.
The Major Players Operating in the Prefilled Syringes Market:
Key players in the Market are focusing on expanding their product portfolio with technologically advanced products in order to cater to the growing demand of these devices across the Prefilled Syringes market Worldwide.
Becton, Dickinson and Company (U.S.), Gerresheimer (Germany), SCHOTT AG (Germany), West Pharmaceutical Services, Inc. (U.S.), Ompi (Italy), Catalent, Inc. (U.S.), Weigao Group (China), Vetter Pharma International GmbH (Germany), Nipro Corporation (Japan), and MedPro Inc. (U.S.) are some of the key players operating in the Market.
Geographical Detailed Analysis for Prefilled Syringes Market:
The Global Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Europe commanded a major share of the Prefilled Syringes market.
However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to the increasing demand for self-administered treatments and high penetration of self-injection devices, growing aging population, and increasing prevalence of diabetes.
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