Global Pre-Filled Saline Syringe Market was valued at USD 590.37 million in2019 and expected to reach USD 1,497.28 million by 2027, at a CAGR 11.96% from 2020-2027.
Pre filled saline syringes are defined as individually wrapped syringes with color coded caps that are mainly used to reduce contamination & save preparation time. The growing medication errors and contamination in multi-dose vials which is expected to drive the global pre filled saline syringe market growth. This type of syringes provides various advantages and they are used commonly in flushing of all vascular access devices.
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The increase in approval and launch of injectables drugs in the market would drive the growth of global pre-filled saline syringe market over the forecast period. Furthermore, the increase in focus of key players on research and development of new chemicals & biologics, which will more potent than existing drugs, is likely to propel the global pre-filled saline syringe market growth. For instance, in July 2015, the U.S. Food and Drug Administration (FDA) had approved Praluent (alirocumab) to treat hypercholesterolemia in patients.
Impact of COVID-19 on Market
The rapid spread of COVID-19, healthcare & other industries are at the forefront of combating the pandemic. Growing production of critical medical devices that are required to cure COVID-19 patients. Pre-Filled Saline Syringe play vital role in the manufacturing of different types of medical devices, and several key industry players have grabbed the opportunity to contribute to the fight against the COVID-19.
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Some of the key players are listed in this report such as Becton, Dickinson and Company, Cardinal Health, Guerbet SA, MedXL, Sterisets, D.B.M., Shandong Weigao, Schott AG, Gerresheimer AG, etc. The company’s dominant position in this market can be attributed to its broad product portfolio of prefilled saline syringes, strong geographical presence & wide customer base. The company mainly focuses on the strategy of product launch.
The Global Pre-Filled Saline Syringe Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe is expected to hold largest share in the Pre-Filled Saline Syringe Market. Due to the increase in prevalence of chronic diseases, growth of the technological advancements in the market, geographical expansion by key manufacturers, are driving the demand for Pre-Filled Saline Syringe which expected to accelerate the market growth in the Europe region.
By End User
- Outpatient Clinics
- Homecare Settings
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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Research Support Specialist
6060 N Central Expy #500, TX 75204, U.S.A