Germany Pre-filled syringes Market Outlook (2018 to 2032)
Synopsis
The above chart is Germany Pre-filled syringes Market Outlook (2018 to 2032)
Market Dynamics
the germany pre-filled syringes market is expected to witness rapid growth due to the increasing prevalence of chronic diseases such as diabetes and cancer, rising geriatric population, and growing demand for safe and cost-effective drug delivery devices. the market is currently dominated by many major players with a strong presence in europe, which includes b. braun melsungen ag, fresenius kabi ag, gerresheimer ag, schott ag, and vetter pharma-fertigung gmbh & co. kg.
drivers influencing the growth of the germany pre-filled syringes market include the increasing focus on patient safety and preference for patient compliance. it is expected that pre-filled syringes will reduce unintentional overdosages and the potential for infectious disease transmission. furthermore, technological advancements in pre-filled syringes, such as needle-free injectable technologies, will bring advancements in drug delivery, which will further drive the growth of the market.
in terms of product types, the germany pre-filled syringes market can be segmented into dry powder, liquid, ready-to-use, and automated syringes. the rise in application of dry powder and liquid pre-filled syringes in the administration of parenteral drugs is pushing their demand within the market. furthermore, as per experts, the demand for automated syringes is expected to rise due to the rising cases of chronic illnesses.
to capitalize on the market growth opportunities and increase the customer base, the foremost players in this market are taking active steps such as product launches and strategic acquisitions. for instance, in 2020, b. braun melsungen ag launched its hand-filled types of syringes, making it the first syringes for automated filling- and closing machines.
looking forward, the analyst expects the demand for pre-filled syringes to continue rising in germany, driven by the growing use of automated syringes and rising geriatric population. additionally, government initiatives, such as an increase in the reimbursement of healthcare costs, will also be a crucial factor propelling the growth of the germany pre-filled syringes market over the forecast period.