South Africa Prefilled Syringes Market Size Set to Grow at Robust CAGR of 13.5% to Reach USD 99 Million by 2029

Published | 12 April 2023

South Africa prefilled syringes market is flourishing due to healthcare service providers’ increasing focus on preventing human errors during the procedures and a rising need for effective and simple drug delivery devices.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Africa prefilled syringes market size at USD 40.83 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects South Africa prefilled syringes market size to grow at a significant CAGR of 13.56% reaching a value of USD 98.95 million by 2029. Major factors driving the growth of the South Africa prefilled syringes market are the increase in the adoption of injectable drugs, a rise in the incidence rate of chronic diseases, and growing awareness about the benefits of using prefilled syringes over conventional vials. Rapid adoption of technology advancements in prefilled syringes also contributes to the market growth. The rise of biologics and biosimilars and an increase in demand for injectable drugs in prefilled forms present lucrative opportunities for the market expansion. However, the availability of alternative drug-delivery methods as well as product recalls, are anticipated to limit the market growth.

South Africa Prefilled Syringes Market – Overview

The manufacturer attaches a needle to a single-dose packet of vaccination in a prefilled syringe. Metal or glass syringes were once common, but there is a growing trend towards plastic and disposable syringes to protect the needle and prevent re-use (prefilled disposable systems). In the healthcare industry, the trend has increased the demand for prefilled syringes over traditional glass vials for packing prescription medications. Another possible admixture-related contamination risk is when a syringe is placed into a medicine vial to draw out a dose. Prefilled syringes reduce the risk of drug contamination. Using a pre-sterilized syringe eliminates this risk and eliminates the need for on-site vial cleaning and de-pyrogenation.

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Impact of COVID-19 on South Africa Prefilled Syringes Market

COVID-19 pandemic adversely affected the South Africa prefilled syringe market. The market faced several challenges due to the outbreak. The government implemented social distance and lockdown regulations to essentially stop the COVID-19 pandemic outbreak. These measures resulted in supply chain disruptions, the suspension of several operations, the cancellation of technology events, the halting of new developments, and negative effects on overall production and sales, which temporarily constrained the industry's growth.

South Africa Prefilled Syringes Market - By Material

On the basis of material, South Africa prefilled syringe market is split into Glass Prefilled Syringes and Plastic Prefilled Syringes segments. The glass-based segment is a larger contributor to the growth of the South Africa prefilled syringes market by material and is expected to maintain its dominance during the forecast period. Technology advancements in prefilled syringes have spurred the adoption of prefilled syringes, as has the incidence rate of chronic diseases and the benefits of using prefilled syringes over conventional vials.

Competitive Landscape

South Africa prefilled syringes market is fiercely competitive. Major companies in the market include Gerresheimer AG, Schott Group, Unilife Corporation, Nipro Medical Corporation, Owen Mumford, Haselmeier AG, and BD. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the South Africa prefilled syringes market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of South Africa Prefilled Syringes Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Prefilled Syringes Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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