Global Prefilled Syringes Market- Regional Analysis
Among all regions North America region is expected to dominate the market over the forecast period. This is attributed owing to market players in the region focusing on gaining approvals and for new pre-filled safety syringes from regulatory bodies and launching new pre-filled safety syringes. For instance, on March 2, 2023, Nexus Pharmaceuticals Inc., a pharmaceutical company, received the U.S. FDA approval for single-dose prefilled syringe Emerphed (ephedrine sulfate injection). The newly approved injection is available in 25mg/5mL and 50mg/10mL strengths and is indicated for the treatment of clinically important hypotension occurring in the setting of anesthesia.
The Europe region is expected to second largest region over the forecast period owing to increasing number of facility expansions and investments by market players for the development of prefilled syringes. For instance, in October 2022, Recipharm, a global contract development and manufacturing organization (CDMO) had invested in a new high-speed filling line for pre-filled syringes and cartridges at its facility in Wasserburg, Germany.
Based on Region, Global Prefilled Syringes Market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America is expected to dominate the market over the forecast period and this is attributed to the increase in number of product approvals from regulatory authorities.
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