SYRINGE MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Market players are focusing on launching technologically advanced syringes to offer customers an easy and safe administration of drugs, which is expected to fuel the global syringe market growth over the forecast period. For instance, on January 10, 2023, Sharps Technology, Inc., an innovative medical device and drug delivery company, announced the advancement of the company's specialized prefillable syringe system product line, which will be manufactured in collaboration with Nephron Pharmaceuticals, which manufactures generic respiratory medication products, at the Inject EZ facility in West Columbia, South Carolina, U.S. Sharps' specialized product pipeline and market strategy will include a wide range of sizes, silicon-free systems that address contamination issues in the broader healthcare market, dual chamber systems that improve drug shelf life while reducing unnecessary packaging, and customized solutions for systems serving the growing autoinjector segment. In September 2022, BD (Becton, Dickinson and Company), a leading global medical technology company, introduced a next-generation glass prefillable syringe (PFS) that sets a new standard in performance for vaccine PFS with new and tightened specifications for processability, cosmetics, contamination, and integrity. The new BD Effivax Glass Prefillable Syringe has been designed in collaboration with leading pharmaceutical companies to meet the complex and evolving needs of vaccine manufacturing.