InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Pre-Fillable Syringe Closures and Accessories Market Product (Glass syringes (Plunger Stoppers, Plunger Rods, Backstops, Needle shields, Closure systems for luer lock syringes, Closure systems for luer cones syringes, Safety System/Component), Polymer syringes (Plunger Stoppers, Plunger Rods, Backstops)), End-user (Pharmaceutical & Biotechnology Companies, Contract Research & Manufacturing Organizations, and Other Institutes) – Trends, Industry Competition Analysis, Revenue and Forecast To 2030.”
According to the latest research by InsightAce Analytic, the Global Pre-Fillable Syringe Closures and Accessories Market is valued at US$ 1852.19 Million in 2021, and it is expected to reach US$ 4265.60 Million by 2030, with a CAGR of 9.9% during the forecast period of 2022-2030.
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Pre-filled syringes are used for packaging injectable drugs and diluents. These syringes are designed to exclude the drug withdrawal step and deliver the drug directly to the patient. Hence, This minimizes the microbial contamination and interaction of the pre-filled syringes with the drug. The pre-filled syringe is made up of glass or polymer material with components like plunger stoppers, needle shields, plunger rods, etc., which play an essential role in packaging complex and sensitive biopharmaceutical drugs. Choice of the appropriate packaging material can impact processibility, compatibility, and manufacturing process. Europe is more mature than the US market in the pre-filled syringe market.
Rising demand for pre-filled syringes and more elegant drug delivery are major driving factors. Also, increasing collaborations to develop advanced syringes having fewer interactions between primary packaging materials and drug products will help in the market growth. Pre-filled syringes eliminate dosing errors because pre-filled syringes actually contain the exact dose and the processes required before usage of the drug vial. Fast investments in research and development of the finest pre-filled syringes will boost the global market for syringe closures and related accessories.
Some market restrainers are traditional drug delivery processes which may create stability issues, safety systems, low-cost alternatives, and the requirement for more sophisticated forms of delivery as their requirements become more complex. Manufacturers of pre-fillable syringe closures and accessories require more significant investments to maintain competitiveness in the market.
Regionally, Europe dominates the market growth, followed by North America due to extensive funding and partnerships to reduce production errors and innovative developments for low-cost and more manageable designs.
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Key market players are BD (Becton, Dickinson and Company), Dätwyler Holding Inc., Gerresheimer AG, West Pharmaceutical Services, Inc., AptarGroup, Inc., Nipro PharmaPackaging International, Stevanato Group, Helvoet Rubber & Plastic Technologies BV, Nemera , chott AG, W. L. Gore & Associates, Inc., Owen Mumford Ltd, SANNER GMBH, and Other Prominent Player.
Key Developments in the market:
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Market Segments
Global Pre-Fillable Syringe Closures and Accessories Market, by Product, 2022-2030 Value US$ Mn and Volume (No. of Units)
Global Pre-Fillable Syringe Closures and Accessories Market, by End-user, 2022-2030 Value US$ Mn and Volume (No. of Units)
Global Pre-Fillable Syringe Closures and Accessories Market, by Region, 2022-2030 Value US$ Mn and Volume (No. of Units)
North America Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
Europe Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
Asia Pacific Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
Latin America Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
Middle East & Africa Pre-Fillable Syringe Closures and Accessories Market, by Country, 2022-2030 Value US$ Mn and Volume (No. of Units)
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