PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534474
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534474
Vietnam Prefilled Syringes Market, By Type; By Design; By Material; By Application; By Distribution Channel, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Vietnam Prefilled Syringes Market Size Set to Expand at Significant CAGR to Reach Value of USD 82.25 Million by 2030
Vietnam Prefilled Syringes Market is flourishing because of the growing healthcare sector across the country and the government's initiatives to promote vaccination programs and improve healthcare access.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Prefilled Syringes Market size at USD 58.41 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Prefilled Syringes Market size to expand at a CAGR of 5.60% reaching a value of USD 82.25 million by 2030. By volume, BlueWeave estimated Vietnam Prefilled Syringes Market size at 43.47 million units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Prefilled Syringes Market size to expand at a CAGR of 4.40% reaching the volume of 60.56 million units by 2030. Growing incidence of chronic illnesses, technological developments, the expansion of the country's healthcare infrastructure, the enhancement of healthcare accessibility, favorable government regulations, and growing awareness about the advantages of prefilled syringes are significant growth drivers for Vietnam Prefilled Syringes Market.
Opportunity - Rising prevalence of chronic diseases
Prefilled Syringes are being used in the treatment of many chronic diseases, such as diabetes, rheumatoid arthritis, anaphylaxis, cancer, thrombosis, ophthalmology, and others. The diabetes segment accounts for the highest market share owing to the rising need for effective and safer insulin delivery devices. In 2017, the percentage of individuals with diabetes countrywide was 6.0%, accounting for around 5 million cases of the disease. The increasing burden of diabetes in Vietnam is propelling the demand for prefilled syringes. Following diabetes, anaphylaxis also covers a substantial market share owing to the increasing prevalence of life-threatening allergies.
Hospital Pharmacies Held Largest Market Share
Vietnam Prefilled Syringes Market is comprised of hospital pharmacies, retail pharmacies & drug stores, and e-commerce distribution channel segments. The hospital pharmacies segment holds the largest share of Vietnam Prefilled Syringes Market by distribution channel. The high number of in-patient and out-patient treatments in hospitals because of the convenience and accessibility of healthcare services fuels the demand for prefilled syringes in hospital pharmacies. In addition, the adoption of safe medication techniques to reduce the chances of sharp-related injuries is also anticipated to propel the use of prefilled syringes in hospitals.
Competitive Landscape
Vietnam Prefilled Syringes market is intensely competitive, as many companies are competing to gain a significant market share. Key players in the market include Aguettant, Becton Dickinson, Baxter Healthcare Vietnam Co. Ltd, Nanogen Biopharmaceutical, Gerresheimer AG, NIPRO PHARMA VIETNAM CO., LTD, Terumo Vietnam Co., Ltd., Stevanato Group, Fresenius, and Catalent.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Vietnam Prefilled Syringes Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam 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.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Prefilled Syringes Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Healthcare Sector in Vietnam
- 3.2.1.2. Rising Prevalence of Chronic Diseases
- 3.2.1.3. Government Initiatives to Promote Vaccination Programs and Improve Healthcare Access
- 3.2.2. Restraints
- 3.2.2.1. High Initial Cost Than Traditional Vials and Needles
- 3.2.2.2. Stringent Regulations Regarding Prefilled Syringe Manufacturing and Quality Control
- 3.2.2.3. Limited Domestic Production
- 3.2.3. Opportunities
- 3.2.3.1. Expanding Vaccination Programs in Vietnam
- 3.2.3.2. Developments in Prefilled Syringe Technology, such as Reusable Syringes and Syringes with Safety Features
- 3.2.3.3. Increasing Focus on Home Healthcare
- 3.2.4. Challenges
- 3.2.4.1. Fluctuations in Raw Material Prices
- 3.2.4.2. Presence of Counterfeit Products of Prefilled Syringes
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Vietnam Prefilled Syringes Market: Marketing Strategies
5. Vietnam Prefilled Syringes Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Conventional Prefilled Syringes
- 5.2.1.1.1. Disposable Prefilled Syringes
- 5.2.1.1.2. Reusable Prefilled Syringes
- 5.2.1.2. Safety Prefilled Syringes
- 5.2.2. By Design
- 5.2.2.1. Single Chamber
- 5.2.2.2. Dual Chamber
- 5.2.2.3. Multiple Chamber
- 5.2.3. By Material
- 5.2.3.1. Glass
- 5.2.3.2. Plastic
- 5.2.4. By Application
- 5.2.4.1. Diabetes
- 5.2.4.2. Rheumatoid Arthritis
- 5.2.4.3. Anaphylaxis
- 5.2.4.4. Cancer
- 5.2.4.5. Thrombosis
- 5.2.4.6. Ophthalmology
- 5.2.4.7. Others
- 5.2.5. By Distribution Channel
- 5.2.5.1. Hospital Pharmacies
- 5.2.5.2. Retail Pharmacies & Drug Stores
- 5.2.5.3. E-commerce
- 5.2.1. By Type
6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. Vietnam Prefilled Syringes Company Market Share Analysis, 2023
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tensions on Vietnam Prefilled Syringes Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 8.1. Aguettant
- 8.2. Becton Dickinson
- 8.3. Baxter Healthcare Vietnam Co. Ltd
- 8.4. Nanogen Biopharmaceutical
- 8.5. Gerresheimer AG
- 8.6. NIPRO PHARMA VIETNAM CO., LTD
- 8.7. Terumo Vietnam Co., Ltd
- 8.8. Stevanato Group
- 8.9. Fresenius
- 8.10. Catalent
- 8.11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents, By Region
- 10.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Vietnam Prefilled Syringes Segmentation
- Figure 2 Vietnam Prefilled Syringes Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam Prefilled Syringes Market Size, By Value (USD Million), 2019-2030
- Figure 5 Vietnam Prefilled Syringes Market Share, By Type, By Value, 2019-2030
- Figure 6 Vietnam Prefilled Syringes Market Share, By Design, By Value, 2019-2030
- Figure 7 Vietnam Prefilled Syringes Market Share, By Material, By Value, 2019-2030
- Figure 8 Vietnam Prefilled Syringes Market Share, By Application, By Value, 2019-2030
- Figure 9 Vietnam Prefilled Syringes Market Share, By Distribution Channel, By Value, 2019-2030
List of Tables
- Table 1 Vietnam Prefilled Syringes Market Size, By Value (USD Million), 2019-2030
- Table 2 Vietnam Prefilled Syringes Market Share, By Type, By Value, 2019-2030
- Table 3 Vietnam Prefilled Syringes Market Share, By Design, By Value, 2019-2030
- Table 4 Vietnam Prefilled Syringes Market Share, By Material, By Value, 2019-2030
- Table 5 Vietnam Prefilled Syringes Market Share, By Application, By Value, 2019-2030
- Table 6 Vietnam Prefilled Syringes Market Share, By Distribution Channel, By Value, 2019-2030
- Table 7 Aguettant Company Overview
- Table 8 Aguettant Financial Overview
- Table 9 Becton Dickinson Company Overview
- Table 10 Becton Dickinson Financial Overview
- Table 11 Baxter Healthcare Vietnam Co. Ltd Company Overview
- Table 12 Baxter Healthcare Vietnam Co. Ltd Financial Overview
- Table 13 Nanogen Biopharmaceutical Company Overview
- Table 14 Nanogen Biopharmaceutical Financial Overview
- Table 15 Gerresheimer AG Company Overview
- Table 16 Gerresheimer AG Financial Overview
- Table 17 NIPRO PHARMA VIETNAM CO., LTD Company Overview
- Table 18 NIPRO PHARMA VIETNAM CO., LTD Financial Overview
- Table 19 Terumo Vietnam Co., Ltd Company Overview
- Table 20 Terumo Vietnam Co., Ltd Financial Overview
- Table 21 Stevanato Group Company Overview
- Table 22 Stevanato Group Financial Overview
- Table 23 Fresenius Company Overview
- Table 24 Fresenius Financial Overview
- Table 25 Catalent Company Overview
- Table 26 Catalent Financial Overview
