Diabetes on the Rise and So Is the Demand for Prefilled Syringes

Lifestyle diseases mainly occur due to long exposure to taking an unhealthy diet, smoking, and physical inactivity. It results in the development of chronic diseases, precisely stroke, heart disease, diabetes, metabolic syndrome, obesity, and some kinds of cancer. By the year 2030, the global deaths because of chronic diseases will increase to 70% and the global burden of disease to 56%. The utmost increase will be in the Eastern Mediterranean and African regions. Prefilled syringes do come in handy for the treatment of lifestyle and chronic diseases.

Increasing Diabetes Prevalence Driving Demand for Prefilled Syringes

It will not be a hyperbole to say that diabetes has become one of the most common medical conditions for people in the world. The instrument or syringe which is used to make a prick in the finger is a kind of prefilled syringe. The prefilled syringes market will reach $3,646.7 million by 2030. The increasing cases of diabetes play a major role in uplifting the demand for these kinds of syringes.

Demand for Pharmaceutical Products on the Rise

Vaccines and Therapeutic agents are some of the injectable products that experience an increase in demand, therefore leading to the development of prefilled syringes. As per the stats of the World Health Organization about 16 billion injections, which include 3% for immunization, 95% for remedial care, and 2% for preventatives and procedures of blood transfusion, are directed each year. The usage of these kinds of syringes has some benefits as compared to multi-dose vials, like a decrease in drug wastage and simple drug administration.

Europe is Leading the Way

Europe is the region with the highest demand for prefilled syringes. The principal for this dominance of the region is the incidence of major prefilled syringe manufacturers, growing consciousness about safe injectable knowhow, high expenditure on healthcare, and increasing occurrence of long-lasting and lifestyle-related diseases. As per the, Our World in Data, cardiovascular illnesses, and cancer were the two foremost causes of death in the recent past.

The demand for prefilled syringes is on the rise mainly due to the rising cases of diabetes, increasing research and development, and funding for healthcare.

This study covers

  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the market and their service offerings

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