Ampoules And Syringes MarketSize and Trends

The global ampoules & syringes market is estimated to be valued at US$ 6,469.7 million in 2021 and is expected to exhibit a CAGR of 6.4 % over the forecast period (2021-2028).

Figure 1. Global Ampoules & Syringes Market Value (US$ Mn), by Region, 2020

Market Trends/Key Takeaways

Continuous product innovation by major players is expected to accelerate the market growth of the forecast period. For instance, in July 2017, Gerresheimer has expanded its product portfolio of pre-fillable syringes made of glass and plastics with the introduction of the innovative, integrated, and passive syringe safety solution. The new safety solution is fully compatible with Gerresheimer’s well-established RTF (ready-to-fill) syringe portfolio.

The introduction of disposable syringes by major players is a major trend observed in the market and this is expected to accelerate the market growth of the ampoules & syringes. For instance, in October 2019, BD (Becton, Dickinson, and Company) has launched the BD Intevi 1mL two-step disposable autoinjector, a device combining autoinjector and pre-fillable syringe in one integrated system. It is a two-step push-on-skin device for effectively and safely injects a variety of drugs of different viscosities up to 35cP and different fill volumes up to 1mL.

Figure 2. Global Ampoules & Syringes Market Share, By Product Type, 2020

Key Takeaways of the Graph:

The Syringes segment held dominant position in the market and accounted for 62.3% share in the global ampoules & syringes market in 2020. The segment is expected to reach US$ 6,308.7 million in 2028.
Rising number of surgical procedures across the globe which require syringes as one of the main equipment or device, and increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases are some of the major factors to drive the syringes segment market growth during the forecast period.