Italy Prefilled Syringes Market - Industry Analysis and Forecast (2024-2030)
The Italy Prefilled Syringes Market size was valued at USD 1.15 Bn. in 2023 and the total Italy Prefilled Syringes Market revenue is expected to grow at a CAGR of 3.5% from 2024 to 2030, reaching nearly USD 1.46 Bn. by 2030.
Format : PDF | Report ID : SMR_1759
Italy Prefilled Syringes Market Overview
The prefilled nature of these syringes means nurses or patients are not required to prepare and draw the medicine into the needle, as the correct amount is already present in the barrel ready for quick injection.
The report offers the dynamic landscape of the Italy Prefilled Syringes Market, offering detailed analysis and strategic insights for investors. It investigates the emerging market trends, drivers, challenges, and opportunities in the Italy Prefilled Syringes Market. Utilizing a meticulous methodology combining primary and secondary research, the report unveils complex market dynamics, consumer behaviour, regulatory frameworks, and competitive landscapes. It accurately outlines the market's current dimensions, growth patterns, size, and the nuanced trends that use significant influence.
The report details some of the benefits of administering drug solutions using prefilled syringes. For example, Medications filled into vials require preparing the vial by sanitizing it with an alcohol swab and using a good aseptic technique to remove the medication from the vial. The reduction in steps required for syringe filling reduces the risk of contamination versus a vial.
To get more Insights: Request Free Sample Report
Italy Prefilled Syringes Market Dynamics
Driving Forces Behind Italy's Prefilled Syringe Market Growth
The simplicity of the prefilled syringe has been the primary foundation for its success to date. It is both a sterile primary drug container and a drug delivery system that has propelled the market growth. Increasing material suppliers that are active in the prefilled syringe market have also invested heavily behind a business model reliant upon the high-volume production of commoditized components resulting in a boost in the market.
The rise in the Import and Export of prefilled syringes has been influencing the market growth in Italy. For Instance, Italy exports most of its Prefilled Syringes to India, the United States turkey, Peru, Bangladesh, Vietnam etc. The rise in demand for the convenience of using prefilled syringes has boosted the market in Italy. For instance, the use of prefilled syringes is beneficial both for patients with no medical training who safely self-inject and for healthcare professionals to be sure to reduce any risk of medical errors.
Reduction risks are also one of the factors that have been driving the market demand in Italy. For example, prefilled syringes consistently reduced medication errors (by 10%-73%), adverse events (from 1.1 to 0.275 per 100 administrations), wastage (by up to 80% of drug), and preparation time (from 4.0 to 338.0 seconds) (ranges varied by drug type, setting, and dosage)
Navigating Challenges of Italy's Prefilled Syringe Market
Pharmaceutical companies face several obstacles to their future growth and industry players within the prefilled syringe market should be closely aware of challenges such as cost barriers, regulations implemented by the government, etc. The continuous enhancement of an injectable therapy throughout its commercial lifecycle is becoming a standard method of building market share and fighting off competition from current or prospective rivals that have hindered market growth.
The trend towards ready-to-use delivery systems combined with the decreasing manufacturing volume associated with biotech products and more targeted therapies poses an efficiency challenge. The assurance of sterility in prefilled syringes has been significantly impacted by restricted access barrier systems that have hindered market growth in Italy
Italy Prefilled Syringes Market Segment Analysis
Based on Therapeutics, the Small Molecule segment held the majority share in the market with a growing CAGR and is expected to grow during the forecast period. Small Molecule Prefilled Syringes are used for medications with a low molecular weight that easily penetrate cells inside the cell, it helps to collaborate with proteins to effectively eliminate cancer cells. In contrast to drugs with a high molecular weight that struggle to enter cells, these prefilled syringes contain small molecule drugs. Prefilled syringes, with their pre-measures dosage, reduce dosing errors and increase patient compliance. Prefilled syringes virtually reduce the manufacturer's need to overfill, unlike vials which are overfilled by as much as 20-30% to account for potential waste. As an alternative to capsules and tablets, prefilled syringes with small molecules can be used to give a dose.
Based on Type, the Disposable Prefilled Syringes segment holds the largest share and is expected to grow during the forecast period with a growing CAGR. A disposable prefilled syringe system generates fewer particles during drug administration than a vial containment system. The drug delivery system also ensures greater efficiency and convenience. The market for disposable syringes has expanded as a result of producers launching new goods and technical advancements meant to improve the convenience, ease of use, and compliance of parenteral administration.
|
Italy Prefilled Syringes Market Scope |
Market Size in 2023 |
USD 1.15 Bn. |
Market Size in 2030 |
USD 1.46 Bn. |
CAGR (2024-2030) |
3.5 % |
Historic Data |
2018 - 2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope
|
By Type
|
By Material
|
|
By Design
|
|
By Therapeutics
|
|
By Application
|
Italy Prefilled Syringes Market Key Players
- Italfarmaco
- Pentaferte
- Delta Med SpA
- Brevetti Angela
- Delpharm
- Becton, Dickinson and Company (BD)
- Gerresheimer AG
- Stevanato Group
- Nemera
Frequently Asked Questions
High manufacturing costs are expected to be the major restraining factors for the market growth.
The Market size was valued at USD 1.15 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 3.5 % from 2024 to 2030, reaching nearly USD 1.46 Billion.
The segments covered in the market report are By Type, material, design,Therapeutics and application.
1. Italy Prefilled Syringes Market: Research Methodology
1.1. Research Data
1.1.1. Secondary Data
1.1.2. Primary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Assumptions
2. Italy Prefilled Syringes Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 - 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments
3. Italy Prefilled Syringes Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-User Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaboration and Partnerships
3.4.4. Product Launches and Innovations
4. Italy Prefilled Syringes Market: Dynamics
4.1. Market Trends
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factors
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape
5. Italy Prefilled Syringes Market Size and Forecast by Segments (by Value USD Million)
5.1. Italy Prefilled Syringes Market Size and Forecast, By Type (2023-2030)
5.1.1. Disposable Prefilled Syringes
5.1.2. Reusable Prefilled Syringes
5.2. Italy Prefilled Syringes Market Size and Forecast, By Material (2023-2030)
5.2.1. Glass Prefilled Syringes
5.2.2. Plastic Prefilled Syringes
5.3. Italy Prefilled Syringes Market Size and Forecast, By Design (2023-2030)
5.3.1. Single-chamber Prefilled Syringes
5.3.2. Dual-chamber Prefilled Syringes
5.3.3. Customized Prefilled Syringes
5.4. Italy Prefilled Syringes Market Size and Forecast, By Therapeutic (2023-2030)
5.4.1. Large Molecules
5.4.2. Small Molecules
5.5. Italy Prefilled Syringes Market Size and Forecast, By Application (2023-2030)
5.5.1. Anaphylaxis
5.5.2. Rheumatoid Arthritis
5.5.3. Diabetes
5.5.4. Others
6. Company Profile: Key players
6.1. Italfarmaco
6.1.1. Company Overview
6.1.2. Financial Overview
6.1.2.1. Total Revenue
6.1.2.2. Segment Revenue
6.1.3. Product Portfolio
6.1.3.1. Product Name
6.1.3.2. Product Details (Price, Features, etc.)
6.1.4. SWOT Analysis
6.1.5. Business Strategy
6.1.6. Recent Developments
6.2. Pentaferte
6.3. Delta Med SpA
6.4. Brevetti Angela
6.5. Delpharm
6.6. Becton, Dickinson and Company (BD)
6.7. Gerresheimer AG
6.8. Stevanato Group
6.9. Nemera
7. Key Findings
8. Industry Recommendations
8.1.1. Strategic Recommendations
8.1.2. Future Outlook