The pre-filled saline syringes market size is projected to reach US$ 1,098.4 million by 2031 from US$ 554.9 million in 2023. The market is expected to register a CAGR of 8.9% during 2023–2031. An increasing product development and continuous innovation in pre-filled saline syringes are likely to remain key trends in the market.
Pre-Filled Saline Syringes Market Analysis
The powerful features and benefits of pre-filled saline syringes drives the consumption and thus the market growth. These syringes not only ensure easy drug delivery but also reduce the risk of unsafe administration. The low risk and liability of pre-filled saline syringes is expected to further drive the market growth. With an increase in the number of geriatric populations the prevalence of chronic diseases has increased. Therefore, the demand for pre-filled saline syringes products is expected to increase in the forecast period. However, the increasing safety concerns and frequent product recalls of pre-filled saline syringes could hamper the pre-filled saline syringes market.
Pre-Filled Saline Syringes Market Overview
Pre-filled saline syringes are widely used in hospitals, nursing homes, and some types of pre-filled saline syringes can be used at home too. Pre-filled saline syringes are used to clean out an intravenous (IV) catheter, to prevent blockage and remove any medicine left in the catheter area after an IV infusion. Prefilled saline syringes, are available in different sizes, helps in improving clinician efficiency and workflow by reducing the time required for manual preparation. The most significant advantage of a prefilled saline syringe is that it reduces the likelihood of the solution coming into contact or entering the non-sterile parts of the syringe and thus helps in preventing contamination.
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Pre-Filled Saline Syringes Market Drivers and Opportunities
Increasing Incidence of Hospital-Acquired Infections to Favor Market
Hospital-acquired infections (HAIs) impacts the patients during stay and post discharge from the hospitals. According to the World Health Organization (WHO), hundreds of millions of patients are affected by HAIs yearly, leading to significant morbidity and mortality around the world. Moreover, in high-income countries, approximately 30% of patients in intensive care units (ICUs) are affected by at least one HAIs. This rate of HAIs is about 2-3 folds higher in the low and middle-income countries. Pre-filled saline syringes are designed to reduce hospital-acquired infections, reduce the risk of medication errors, and lower the risk of catheter damage. As per the Centers for Disease Control and Prevention (CDC), central line-associated bloodstream infections are among the four primary HAIs related to pediatric intensive care units. It is very important to flush vascular access devices before each infusion for assessing catheter function and preventing catheter-related complications. Pre-filled saline syringes can minimize the incidence of central line-related bloodstream infections, thereby improving the quality of care by saving additional time in the pediatric intensive care unit. Thus, the increasing prevalence of HAIs is expected to create a demand for disposable medical products such as pre-filled saline syringes, promoting market growth across the world.
Rising Medical Tourism In Developing Countries
Most of the global players pay attention toward the emerging market such as the Asia Pacific because of increasing prevalence of chronic diseases such as cancer and rising medical tourism. For instance, in India, the hospital networks have grown rapidly in the past few decades. Further, many Asian countries such as India, South Korea, Singapore, and Thailand are becoming the center of attraction for medical tourists. In addition, the government authorities of the countries in the European region are also focusing toward strengthening their medical tourism sector, resulting in boosting the flow of revenue. For instance, Poland and Spain have slowly grown as a favourite medical tourism destination in Europe. Therefore, the growing medical tourism in the developing and developed countries provide opportunity for pre-filled saline syringes market in order to provide world-class healthcare services by reducing the risk of medication errors, minimizing HAIs, and lowering the risk of catheter damage during and after hospitalization.
Pre-Filled Saline Syringes Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Pre-Filled Saline Syringes market analysis are type and end user.
- Based on type, the pre-filled saline syringes market is segmented into 3ml syringes, 5ml syringes, 10ml syringes, and other syringes. The 3ml syringes segment held the largest market share in 2023 and is expected to register highest CAGR during the forecast period.
- By end user, the market is segmented into hospitals, outpatient clinics and homecare settings. The hospitals segment held the largest share of the market in 2023. However, the homecare segment is anticipated to register highest CAGR during 2021–2031.
Pre-Filled Saline Syringes Market Share Analysis by Geography
The geographic scope of the Pre-Filled Saline Syringes market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the pre-filled saline syringes market. Factors leading to the growth of the pre-filled saline syringes market in North America are increasing geriatric population, rising prevalence of cancer, favorable reimbursement for cancer care, increasing healthcare expenditure by government and private players. In North America, the US is the largest market for pre-filled saline syringes. Further, the technological advancements have enhanced the safe and effective application syringes. Moreover, the syringes have evolved as easy, convenient, painless, and cost-effective. However, the pre-filled saline syringes market in Asia Pacific region is likely to register highest CAGR during the forecast period.
Pre-Filled Saline Syringes Market Regional Insights
The regional trends and factors influencing the Pre-Filled Saline Syringes Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pre-Filled Saline Syringes Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Pre-Filled Saline Syringes Market
Pre-Filled Saline Syringes Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 554.9 Million |
Market Size by 2031 | US$ 1,098.4 Million |
Global CAGR (2023 - 2031) | 8.9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Pre-Filled Saline Syringes Market Players Density: Understanding Its Impact on Business Dynamics
The Pre-Filled Saline Syringes Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Pre-Filled Saline Syringes Market are:
- BD
- Cardinal Health
- MedXL Inc.
- Guerbet Group
- Sterisets Medical Products
- DBM
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Pre-Filled Saline Syringes Market top key players overview
Pre-Filled Saline Syringes Market News and Recent Developments
The pre-filled saline syringes market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the pre-filled saline syringes market are listed below:
- BD (Becton, Dickinson and Company), a leading global medical technology company, announced expanded customer availability of an all-in-one prefilled flush syringe with an integrated disinfection unit designed to reinforce compliance to infection prevention guidelines and simplify nursing workflow. (BD, Press Release, May 2023)
- Terumo Pharmaceutical Solutions (TPS), a division of Terumo Corporation launched a pre-fillable polymer syringe for low dose applications such as ophthalmic drugs. The PLAJEX 0.5mL Luer Lock Silicone oil-free pre-fillable syringe is specifically designed for challenging low dose Pre-Filled Syringe (PFS) products, making it suitable for high-value drug applications such as intravitreal injection, thus enabling our customers to offer a safe, easy-to-use, and effective treatment option for patients with ophthalmic disorders. (Terumo Corporation, News, May 2022)
- Cardinal Health initiated a voluntary recall for select Monoject Flush Prefilled Saline Syringes (0.9% Sodium Chloride), which are intended for use in flushing compatible intravenous tubing systems and indwelling intravascular access devices. This voluntary recall was issued after learning that there is potential for the syringe’s plunger to draw back after the air has been expelled and reintroduce air back into the syringe. (Cardinal Health, Press Release, August 2021)
Pre-Filled Saline Syringes Market Report Coverage and Deliverables
The “Pre-Filled Saline Syringes Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Pre-filled saline syringes market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Pre-filled saline syringes market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Pre-filled saline syringes market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pre-filled saline syringes market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End User , and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The North America region dominated the pre-filled saline syringes market in 2023.
An increasing incidence of chronic diseases and hospital-acquired infections and growing geriatric population highly prone to diseases and infection are the driving factors impacting the pre-filled saline syringes market.
Increasing product development and continuous innovations are likely to act as future trends for the pre-filled saline syringes market.
Cardinal Health and BD are the leading players operating in the pre-filled saline syringes market.
US$ 1,098.4 million would be the estimated value of the pre-filled saline syringes market by 2031.
8.9% is the CAGR of the pre-filled saline syringes market.