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Latin America Prefilled Syringes Market Research Report – Segmented By Material, Type, Design, Application, Distribution Channel, By Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 3059
Pages: 132

Latin America Prefilled Syringes Market Size (2022 to 2027)

The size of the Latin America Prefilled Syringes Market is forecasted to be worth USD 0.72 billion by 2027 from USD 0.51 billion in 2022, growing at a CAGR of 7% during the forecast period.

The pre-filled syringe is a single-dose vaccine that can be self-administrate to treat diabetes and other disorders. Prefilled syringes have emerged as one of the fastest-growing choices for unit dose medicine as the pharmaceutical industry investigates novel and more convenient drug delivery technologies. Therefore, the rise in self-care devices and the increase in chronic disorders are driving the market growth.

The growth of the Latin America prefilled syringes market is driven by the needle price and rising chronic diseases in the region. Therefore, Latin America is expected to grow actively in the prefilled syringes in foreseen years. According to the national library of medicine, there are 0.2 to 8.3 type 1 diabetes patients and 1.2 to 8% type 2 patients caused in Latin America. Therefore, the rising demand for self-administrated pre-filled syringes is expected to drive market growth in the region. Also, the market is expected to grow significantly in the coming years due to the advantages of prefilled syringes and the significant need and demand for better injection safety.

For both patients and clinicians, the prefilled syringes make injections simple, accurate, and safe as the prefilled syringes provide several advantages, including the elimination of dosage mistakes by simplifying the use; therefore; as a result, prefilled syringes' distinct benefits over regular syringes that are driving greater usage and contributing to the global market growth.

Also, in medical and emergency treatment cases, these syringes play an important role and increase the competition among the players such as MedPro Inc and Nipro Corporation. By constantly growing patient population and excellent medication delivery performance at low rates are driving the significant market growth.

However, these prefilled syringes are expensive, and affordability is not possible to some of the patient population of Latin America, which is expected to restrict the market's growth rate to some extent. Moreover, the availability of the cheaper alternatives of prefilled syringes by some local players is present in the market. Some are not compatible with all the drugs, which restrain the market growth. Furthermore, the market is restrained due to the challenges associated with the manufacturing of these syringes. For example, it can involve product contact with silicone or tungsten and plunger movement during terminal sterilization or shipment, affecting the prefilled syringes' market growth.

This research report on the Latin America prefilled syringes market has been segmented and sub-segmented into the following categories:

By Material: 

  • Glass Prefilled Syringes
  • Plastic Prefilled Syringes

By Type: 

  • Conventional Prefilled Syringes
  • Safety Prefilled Syringes

By Design: 

  • Single-chamber
  • Dual-chamber

By Application: 

  • Vaccines
  • Monoclonal Antibodies

By Distribution Channel: 

  • Hospitals
  • Ambulatory surgical centers
  • Mail-order pharmacies

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Regionally, the Latin American prefilled syringes market is estimated to account for a substantial share in the global market during the forecast period. The growth of the Latin America Prefilled Syringes Market is majorly driven by factors such as the increasing prevalence of chronic diseases, steadily rising patient population base and its superior performance in drug delivery at affordable prices.

In Latin America, the Mexican market is predicted to play a leading role between 2022 to 2027. Mexico continued growth in the pre-filled syringe market due to a higher amount of mortality. There are 15 % of people deaths caused by diabetes, so the government focused on the new pre-filled syringe that is useful to reduce the mortality rate of patients who have diabetes and any chronic disease.

The Brazilian prefilled syringes market is expected to grow at a significant rate during the forecast period. HIV is the highest cause of disease in Brazil, so the country tried to adopt syringe exchange methods to minimize the dose error and needle harm effect on the patients. Also, some pharmaceutical companies have expanded their pre-filled syringe market in Brazil.

The Argentina prefilled syringes market is projected to grow at a prominent CAGR from 2022 to 2027. The Needle and syringe programs provide clean syringes and needles to reduce the transmission of HIV in Argentina. World Health Organization recommended 200 sterile syringes per drug injector every year to battle against HIV transmission in a country that drives the pre-filled syringe market in Latin America.

KEY MARKET PARTICIPANTS:

Companies such as Becton Dickinson and Company, Gerresheimer AG, SCHOTT AG, West Pharmaceutical Services, Inc., Ompi, Catalent, Inc., Weigao Group, Vetter Pharma International GmbH, Nipro Corporation & MedPro Inc are playing a prominent role in the Latin American prefilled syringes market.

1. Introduction                            

                1.1 Market Definition               

                1.2 Study Deliverables             

                1.3 Base Currency, Base Year and Forecast Periods                     

                1.4 General Study Assumptions           

2. Research Methodology 

                2.1 Introduction                          

                2.2 Research Phases                 

                                2.2.1 Secondary Research      

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling 

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                    

                2.4 Study Timeline                     

3. Overview                                  

                3.1 Executive Summary           

                3.2 Key Inferences                    

                3.3 Epidemology                         

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                               

                4.1 Market Drivers                     

                4.2 Market Restraints               

                4.3 Key Challenges                    

                4.4 Current Opportunities in the Market                         

5. Market Segmentation    

                5.1 Materials                

                                5.1.1 Introduction      

                                5.1.2 Glass Prefilled Syringes 

                                5.1.3 Plastic Prefilled Syringes                                    

                                5.1.4  Y-o-Y Growth Analysis, By Materials      

                                5.1.5  Market Attractiveness Analysis, By Materials    

                                5.1.6  Market Share Analysis, By Materials      

                5.2 Type                         

                                5.2.1 Introduction      

                                5.2.2 Conventional Prefilled Syringes

                                5.2.3 Safety Prefilled Syringes                                   

                                5.2.4 Y-o-Y Growth Analysis, By Type

                                5.2.5 Market Attractiveness Analysis, By Type                                   

                                5.2.6 Market Share Analysis, By Type

                5.3 Design                     

                                5.3.1 Introduction      

                                5.3.2 Single-Chamber Prefilled Syringes                                

                                5.3.3 Dual Chamber Prefilled Syringes                                    

                                5.3.4 Customized Prefilled Syringes   

                                5.3.5 Y-o-Y Growth Analysis, By Design                                  

                                5.3.6  Market Attractiveness Analysis, By Design          

                                5.3.7  Market Share Analysis, By Design                                

                5.4 Application            

                                5.4.1 Introduction      

                                5.4.2 Vaccines                                   

                                5.4.3 Monoclonal Antibodies

                                5.4.4 Y-o-Y Growth Analysis, By Application    

                                5.4.5  Market Attractiveness Analysis, By Application 

                                5.4.6  Market Share Analysis, By Application  

                5.5 Distribution Channels                        

                                5.5.1 Introduction      

                                5.5.2 Hospitals                                  

                                5.5.3 Ambulatory Surgical Centres      

                                5.5.4 Mail Order Pharmacies 

                                5.3.5 Y-o-Y Growth Analysis, By Distribution Channels                                    

                                5.3.6  Market Attractiveness Analysis, By Distribution Channels                                 

                                5.3.7  Market Share Analysis, By Distribution Channels                                   

6. Geographical Analysis    

                6.1 Introduction                          

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis

                                6.1.3 Y-o-Y Growth Analysis   

           6.1.3.1 By Geographical Area                     

           6.1.3.2 By Materials                        

           6.1.3.3 By Type                 

           6.1.3.4 By Design                             

           6.1.3.5 By Application                    

           6.1.3.6 By Distribution Channels               

                                6.1.4  Market Attractiveness Analysis

           6.1.4.1 By Geographical Area                     

           6.1.4.2 By Materials                        

           6.1.4.3 By Type                 

           6.1.4.4 By Design                             

           6.1.4.5 By Application                    

           6.1.4.6 By Distribution Channels               

                                6.1.5  Market Share Analysis 

           6.1.5.1 By Geographical Area                     

           6.1.5.2 By Materials                        

           6.1.5.3 By Type                 

           6.1.5.4 By Design                             

           6.1.5.5 By Application                    

           6.1.5.6 By Distribution Channels               

                6.2 China                        

                6.3 India                         

                6.4 Japan                       

                6.5 South Korea                          

                6.6 Australia                 

7. Strategic Analysis                                  

                7.1 PESTLE analysis                    

                                7.1.1 Political

                                7.1.2 Economic                                 

                                7.1.3 Social    

                                7.1.4 Technological    

                                7.1.5 Legal     

                                7.1.6 Environmental  

                7.2 Porter’s Five analysis                         

                                7.2.1 Bargaining Power of Suppliers   

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services         

                                7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis                                   

                8.1 Becton                     

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments  

                                8.1.5 SWOT analysis  

                                8.1.6 Analyst View     

                8.2 Dickinson and Company                   

                8.3 Gerresheeimer AG            

                8.4 SCHOTT AG            

                8.5 West Pharmaceutical Services                       

                8.6 Ompi                        

                8.7 Catalent Inc.                          

                8.8 Weigao Group                      

                8.9 Vetter Pharma International GmbH            

                8.10 Nirpo Corporation            

                8.11 MedPro Inc.                        

9. Competitive Landscape 

                9.1 Market share analysis                       

                9.2 Merger and Acquisition Analysis                  

                9.3 Agreements, collaborations and Joint Ventures                    

                9.4 New Product Launches                    

10. Market Outlook and Investment Opportunities                                    

Appendix 

                a) List of Tables           

                b) List of Figures                         

  1. Latin America Prefilled Syringes Market, By Materials, From 2022 - 2027 (USD Million)
  2. Latin America Glass Prefilled Syringes Market By Region, From 2022 - 2027 (USD Million)
  3. Latin America Plastic Prefilled Syringes Market By Region, From 2022 - 2027 (USD Million)
  4. Latin America Prefilled Syringes Market, By Type, From 2022 - 2027 (USD Million)
  5. Latin America Conventional Prefilled Syringes Market By Region, From 2022 - 2027 (USD Million)
  6. Latin America Safety Prefilled Syringes Market By Region, From 2022 - 2027 (USD Million)
  7. Latin America Prefilled Syringes Market, By Design, From 2022 - 2027 (USD Million)
  8. Latin America Single Chamber Market By Region, From 2022 - 2027 (USD Million)
  9. Latin America Dual Chamber Market By Region, From 2022 - 2027 (USD Million)
  10. Latin America Customized Market By Region, From 2022 - 2027 (USD Million)
  11. Latin America Prefilled Syringes Market, By Application, From 2022 - 2027 (USD Million)
  12. Latin America Vaccines  Market By Region, From 2022 - 2027 (USD Million)
  13. Latin America Monoclonal Antibodies Market By Region, From 2022 - 2027 (USD Million)
  14. Latin America Prefilled Syringes Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  15. Latin America Hospitals Market By Region, From 2022 - 2027 (USD Million)
  16. Latin America Ambulatory Surgical Centers Market By Region, From 2022 - 2027 (USD Million)
  17. Latin America Mail Order Pharmacies Market By Region, From 2022 - 2027 (USD Million)
  18. Brazil Prefilled Syringes Market, By Materials, From 2022 - 2027 (USD Million)
  19. Brazil Prefilled Syringes Market, By Type, From 2022 - 2027 (USD Million)
  20. Brazil Prefilled Syringes Market, By Design, From 2022 - 2027 (USD Million)
  21. Brazil Prefilled Syringes Market, By Application, From 2022 - 2027 (USD Million)
  22. Brazil Prefilled Syringes Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  23. Argentina Prefilled Syringes Market, By Materials, From 2022 - 2027 (USD Million)
  24. Argentina Prefilled Syringes Market, By Type, From 2022 - 2027 (USD Million)
  25. Argentina Prefilled Syringes Market, By Design, From 2022 - 2027 (USD Million)
  26. Argentina Prefilled Syringes Market, By Application, From 2022 - 2027 (USD Million)
  27. Argentina Prefilled Syringes Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  28. Mexico Prefilled Syringes Market, By Materials, From 2022 - 2027 (USD Million)
  29. Mexico Prefilled Syringes Market, By Type, From 2022 - 2027 (USD Million)
  30. Mexico Prefilled Syringes Market, By Design, From 2022 - 2027 (USD Million)
  31. Mexico Prefilled Syringes Market, By Application, From 2022 - 2027 (USD Million)
  32. Mexico Prefilled Syringes Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  33. Rest of Latin America Prefilled Syringes Market, By Materials, From 2022 - 2027 (USD Million)
  34. Rest of Latin America Prefilled Syringes Market, By Type, From 2022 - 2027 (USD Million)
  35. Rest of Latin America Prefilled Syringes Market, By Design, From 2022 - 2027 (USD Million)
  36. Rest of Latin America Prefilled Syringes Market, By Application, From 2022 - 2027 (USD Million)
  37. Rest of Latin America Prefilled Syringes Market, By Distribution Channel, From 2022 - 2027 (USD Million)

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