Analysis of Syringes and Cannulas market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global syringes and cannulas market is set to enjoy a valuation of US$ 19.1 billion in 2022 and expand at a CAGR of 3.6% to reach US$ 27.2 billion by the end of 2032.
Sales of syringes & cannulas accounted for more than 2% share of the global medical devices market at the end of 2021.
| Report Attributes | Details |
|---|---|
| Syringe and Cannulas Market Size (2021A) | US$ 18.4 Billion |
| Estimated Market Value (2022E) | US$ 19.1 Billion |
| Forecasted Market Value (2032F) | US$ 27.2 Billion |
| Global Market Growth Rate (2022 to 2032) | 3.6% CAGR |
| North America Market Share (2021) | ~33.2% |
| East Asia Market Growth Rate (2022 to 2032) | ~6.7% CAGR |
| United States Market Growth Rate (2022 to 2032) | ~3.0% CAGR |
| Market Share of Top 5 Companies | ~16.4% |
| Key Companies Profiled | Cardinal Health; B. Braun Medical Inc.; Baxter International Inc.; Becton Dickinson and Co; Cook Medical; Medline Industries Inc.; Medtronic Plc.; Nipro Corporation; Terumo Corp; Gerresheimer AG; Hindustan Syringes & Medical Devices Ltd.; Schott Kaisha Private Limited; Abu Dhabi Medical Devices Company |
Syringes and cannulas have undergone significant technological advancements over the years. Developments related to disposable syringes, the use of multi-chamber syringes, the advent of products with needle-stick safety features, and other such advancements have raised the demand for these products globally.
The inevitable need for syringes and cannulas in almost all primary diagnoses and treatment and care has amplified the market at a compound annual growth rate of 3.8% from 2022 to 2032.
The prime issue of needle-stick injuries is being extensively addressed by the development of various safety measures such as passive needle guards with a plastic shield and improved retractable needle systems. Innovations in the field are targeted to address the dual issues of accidental needle stick injury and reuse.
Additionally, the rising prevalence of contagious and infectious diseases is predicted to increase demand for both, disposable and reusable syringes. Syringe and cannula sales will further increase as a result of the large rise in immunization campaigns organized by governmental and non-governmental groups.
Under the influence of these factors, the syringes and cannulas market is expected to offer an absolute $ opportunity of US$ 8.9 billion from 2022 to 2032.
Over the 2017 to 2021 period, the global market for syringes and cannulas registered a CAGR of 3.8%, and according to Fact.MR, a market research and competitive intelligence provider, it is projected to expand at 3.6% CAGR between 2022 and 2032.
Market share analysis of syringes and cannulas based on product type and region. Under the product type segment, syringes lead with 93.4% market share in 2022.
“Increasing Use of Smart Syringes in Various Treatments”
To assist nations in addressing the problem of improper injections, which contributed to the global spread of several lethal infectious illnesses, WHO created a policy on injection safety. The spread of needle-based, contact-induced infections has been improved with the introduction of modern equipment, such as the innovative "smart syringes" for injection into the muscles and skin, consequently increasing the use of smart syringes globally.
The smart syringe has features like a metal clip to stop the plunger and a weak spot in the plunger. The syringe can also retract inside the syringe barrel in some models. These characteristics lead to the incorporation of the components that prevent the reuse of smart syringes. It is projected that these developments will lead to an even greater rise in demand for syringes and cannulas in the coming years.
“Market Growth Being Shaped With Increase in Number of Manufacturers”
Increasing number of lethal diseases, demands advancements in diagnostic and treatment in the healthcare and prevention market, which has gravitated manufacturers towards medical device production.
Syringes and cannulas are being used more often across the board in the healthcare sector. There is a greater chance for emerging manufacturers to enter the market and gain significant revenue by manufacturing syringes and cannulas because of their low production costs and higher benefits.
Additionally, manufacturing processes and approvals for producing cannulas and syringes is way simpler than any other medical devices. The occurrence of numerous global and regional companies has fragmented the syringe and cannulas market due to which, the market is continually being driven by key competitors' efforts to embrace strategic developments and introduce new goods.
“Potential for Dynamic Instability in Specific Situations”
Concerns about the disposal of medical waste in the area are growing as a result of a lack of resources, improper disposal techniques, and a lack of waste management research. Egypt produced an estimated volume of 28,300 tons of medical waste in 2019.
Nearly 150 tons of medical waste is produced daily in Gulf nations. Small-scale incineration or landfilling are the only options for waste management. These behaviors affect other important factors like water availability, soil fertility, air quality, and others.
As the use of reusable syringes and cannulas increases and the amount of medical waste produced by single-use goods rises, this problem is anticipated to impede market growth.
According to Fact.MR, North America is the most lucrative region for the syringe and cannula industry.
With more and more significant participants in the country, the United States is a significant contributor to the North American market. Syringes and cannulas are frequently approved and put on the market in the United States, which generates over 90% of the region's revenue.
The U.S. FDA's tough regulations against the reuse of single-use syringes also signal lucrative growth for the nation. Additionally, a developed healthcare infrastructure has encouraged many patients to go to the nation for complicated treatments, supporting market expansion.
In the GCC, the prevalence of HIV infection is rising at an alarming rate. These nations have a generally higher rate of HIV pervasiveness than other areas. A significant global public health problem is still HIV. The World Health Organization (WHO) estimates that there are more than 38 million HIV-positive individuals worldwide.
Despite this rising prevalence, numerous initiatives are made to raise the rate at which HIV is treated. However, there has been an increase in the number of diagnoses and treatments in the area, which is encouraging the syringe and cannula demand.
Additionally, GCC countries held 47.4% cumulative share of the Middle East and Africa market in 2021 and are expected to continue expanding rapidly over the projection period. The country's increasing rate of needle stick injuries and the risk of syringe reuse is further driving demand.
Over the following forecast period, syringes will continue to have more than 90% of the market share because of their significant use in immunization and IV drug delivery mechanisms. The removal or supply of fluids, as well as the collection of bodily samples, are only a few of the uses of cannulas.
Syringes are increasingly used frequently by medical experts because of their benefits, which include quick and simple usage, the ability to specify the total volume of fluid, and medicine delivery at a precise speed.
As a result, the market integration of the syringe segment has grown significantly in recent years, exceeding a market worth of US$ 17.1 billion in 2021. Additionally, it is anticipated that the segment will grow 1.5X by the end of 2032.
Eminent syringe and cannula manufacturers are Cardinal Health., B. Braun Medical Inc., Baxter International Inc, Becton Dickinson and Co, Cook Medical, Medline Industries Inc., Medtronic Plc., Nipro Corporation, Terumo Corp, Gerresheimer AG, Hindustan Syringes & Medical Devices Ltd., Schott Kaisha Private Limited, and Abu Dhabi Medical Devices Company.
For a variety of end users, top syringe and cannula manufacturers are applying sustainable technology and optimization techniques. Moreover, the core marketing strategy of manufacturers is built on their professionalism and ability in organizing, creating, and delivering the best solutions. Market players are also aiming to make products available through geographical expansion in emerging and low-income countries.
What is the present size of the syringes and cannulas market?
The global syringes and cannulas market is valued at US$ 19.1 billion in 2022.
What valuation is the market expected to reach by 2032?
Sales of syringes and cannulas are anticipated to reach US$ 27.2 billion by 2032.
Which type of syringe is most widely used across the world?
Disposable syringes account for 82.5% share of the global market.
Which regional market enjoys a leading market share?
North America tops the global syringes and cannulas market accounting for 33.2% market share in 2021.
How did the market evolve between 2017 and 2021?
From 2017 to 2021, demand for syringes and cannulas increased at 3.8% CAGR.
Table 01: Global Market Value (USD Million) and Forecast by Region, 2017 to 2021
Table 02: Global Market Value (USD Million) and Forecast by Region, 2022 to 2032
Table 03: Global Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 04: Global Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 05: Global Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 06: Global Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 07: Global Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 08: Global Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 09: North America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 10: North America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 11: North America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 12: North America Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 13: North America Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 14: North America Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 15: North America Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 16: North America Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 17: Latin America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 18: Latin America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 19: Latin America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 20: Latin America Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 21: Latin America Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 22: Latin America Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 23: Latin America Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 24: Latin America Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 25: Europe Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 26: Europe Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 27: Europe Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 28: Europe Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 29: Europe Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 30: Europe Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 31: Europe Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 32: Europe Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 33: East Asia Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 34: East Asia Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 35: East Asia Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 36: East Asia Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 37: East Asia Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 38: East Asia Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 39: East Asia Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 40: East Asia Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 41: South Asia & ASEAN Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 42: South Asia & ASEAN Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 43: South Asia & ASEAN Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 44: South Asia & ASEAN Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 45: South Asia & ASEAN Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 46: South Asia & ASEAN Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 47: South Asia & ASEAN Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 48: South Asia & ASEAN Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 49: Oceania Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 50: Oceania Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 51: Oceania Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 52: Oceania Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 53: Oceania Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 54: Oceania Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 55: Oceania Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 56: Oceania Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 57: MEA Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 58: MEA Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 59: MEA Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 60: MEA Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 61: MEA Market Value (USD Million) and Forecast by Material, 2017 to 2021
Table 62: MEA Market Value (USD Million) and Forecast by Material, 2022 to 2032
Table 63: MEA Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 64: MEA Market Value (USD Million) and Forecast by End User, 2022 to 2032
Figure 01: Global Value (USD Million) Forecast, 2022 to 2032
Figure 02: Global Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 03: Global Value (USD Million) by Region, 2022 & 2032
Figure 04: Global Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Value (USD Million) by Product Type, 2022 & 2032
Figure 06: Global Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 07: Global Value (USD Million) by Material, 2022 & 2032
Figure 08: Global Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 09: Global Value (USD Million) by End User, 2022 & 2032
Figure 10: Global Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 11: North America Value (USD Million) Forecast, 2022 to 2032
Figure 12: North America Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 13: North America Value (USD Million) by Country, 2022 & 2032
Figure 14: North America Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 15: North America Value (USD Million) by Product Type, 2022 & 2032
Figure 16: North America Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 17: North America Value (USD Million) by Material, 2022 & 2032
Figure 18: North America Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 19: North America Value (USD Million) by End User, 2022 & 2032
Figure 20: North America Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 21: North America Attractiveness Analysis by Country, 2022 to 2032
Figure 22: North America Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Attractiveness Analysis by Material, 2022 to 2032
Figure 24: North America Attractiveness Analysis by End User, 2022 to 2032
Figure 25: Latin America Value (USD Million) Forecast, 2022 to 2032
Figure 26: Latin America Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 27: Latin America Value (USD Million) by Country, 2022 & 2032
Figure 28: Latin America Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 29: Latin America Value (USD Million) by Product Type, 2022 & 2032
Figure 30: Latin America Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 31: Latin America Value (USD Million) by Material, 2022 & 2032
Figure 32: Latin America Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 33: Latin America Value (USD Million) by End User, 2022 & 2032
Figure 34: Latin America Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 35: Latin America Attractiveness Analysis by Country, 2022 to 2032
Figure 36: Latin America Attractiveness Analysis by Product Type, 2022 to 2032
Figure 37: Latin America Attractiveness Analysis by Material, 2022 to 2032
Figure 38: Latin America Attractiveness Analysis by End User, 2022 to 2032
Figure 39: Europe Value (USD Million) Forecast, 2022 to 2032
Figure 40: Europe Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 41: Europe Value (USD Million) by Country, 2022 & 2032
Figure 42: Europe Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 43: Europe Value (USD Million) by Product Type, 2022 & 2032
Figure 44: Europe Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 45: Europe Value (USD Million) by Material, 2022 & 2032
Figure 46: Europe Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 47: Europe Value (USD Million) by End User, 2022 & 2032
Figure 48: Europe Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 49: Europe Attractiveness Analysis by Country, 2022 to 2032
Figure 50: Europe Attractiveness Analysis by Product Type, 2022 to 2032
Figure 51: Europe Attractiveness Analysis by Material, 2022 to 2032
Figure 52: Europe Attractiveness Analysis by End User, 2022 to 2032
Figure 53: East Asia Value (USD Million) Forecast, 2022 to 2032
Figure 54: East Asia Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 55: East Asia Value (USD Million) by Country, 2022 & 2032
Figure 56: East Asia Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: East Asia Value (USD Million) by Product Type, 2022 & 2032
Figure 58: East Asia Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 59: East Asia Value (USD Million) by Material, 2022 & 2032
Figure 60: East Asia Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 61: East Asia Value (USD Million) by End User, 2022 & 2032
Figure 62: East Asia Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 63: East Asia Attractiveness Analysis by Country, 2022 to 2032
Figure 64: East Asia Attractiveness Analysis by Product Type, 2022 to 2032
Figure 65: East Asia Attractiveness Analysis by Material, 2022 to 2032
Figure 66: East Asia Attractiveness Analysis by End User, 2022 to 2032
Figure 67: South Asia & ASEAN Value (USD Million) Forecast, 2022 to 2032
Figure 68: South Asia & ASEAN Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 69: South Asia & ASEAN Value (USD Million) by Country, 2022 & 2032
Figure 70: South Asia & ASEAN Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 71: South Asia & ASEAN Value (USD Million) by Product Type, 2022 & 2032
Figure 72: South Asia & ASEAN Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 73: South Asia & ASEAN Value (USD Million) by Material, 2022 & 2032
Figure 74: South Asia & ASEAN Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 75: South Asia & ASEAN Value (USD Million) by End User, 2022 & 2032
Figure 76: South Asia & ASEAN Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 77: South Asia & ASEAN Attractiveness Analysis by Country, 2022 to 2032
Figure 78: South Asia & ASEAN Attractiveness Analysis by Product Type, 2022 to 2032
Figure 79: South Asia & ASEAN Attractiveness Analysis by Material, 2022 to 2032
Figure 80: South Asia & ASEAN Attractiveness Analysis by End User, 2022 to 2032
Figure 81: Oceania Value (USD Million) Forecast, 2022 to 2032
Figure 82: Oceania Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 83: Oceania Value (USD Million) by Country, 2022 & 2032
Figure 84: Oceania Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85: Oceania Value (USD Million) by Product Type, 2022 & 2032
Figure 86: Oceania Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 87: Oceania Value (USD Million) by Material, 2022 & 2032
Figure 88: Oceania Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 89: Oceania Value (USD Million) by End User, 2022 & 2032
Figure 90: Oceania Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 91: Oceania Attractiveness Analysis by Country, 2022 to 2032
Figure 92: Oceania Attractiveness Analysis by Product Type, 2022 to 2032
Figure 93: Oceania Attractiveness Analysis by Material, 2022 to 2032
Figure 94: Oceania Attractiveness Analysis by End User, 2022 to 2032
Figure 95: MEA Value (USD Million) Forecast, 2022 to 2032
Figure 96: MEA Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 97: MEA Value (USD Million) by Country, 2022 & 2032
Figure 98: MEA Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 99: MEA Value (USD Million) by Product Type, 2022 & 2032
Figure 100: MEA Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 101: MEA Value (USD Million) by Material, 2022 & 2032
Figure 102: MEA Y-o-Y Growth Rate by Material, 2022 to 2032
Figure 103: MEA Value (USD Million) by End User, 2022 & 2032
Figure 104: MEA Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 105: MEA Attractiveness Analysis by Country, 2022 to 2032
Figure 106: MEA Attractiveness Analysis by Product Type, 2022 to 2032
Figure 107: MEA Attractiveness Analysis by Material, 2022 to 2032
Figure 108: MEA Attractiveness Analysis by End User, 2022 to 2032
Syringes and Cannulas Market