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Syringes Market

Syringes Market Analysis, By Product Type (General Syringes, Specialized Syringes, Conventional Syringes, Safety Syringes, Retractable Syringes), By Usability (Disposable Syringes, Reusable Syringes) By Material (Glass Syringes, Polymer Syringes) - Global Industry Insights 2022-2032

Analysis of Syringes market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Syringes Market Outlook (2022-2032)

The global syringes market is set to enjoy a valuation of US$ 17,889 Million in 2022 and further expand at a CAGR of 4.2% to reach US$ 26.995.6 Million by the end of 2032.

The sale of syringes is directly reliant on a number of liquid biopsy performed in which North America is the favorable market for target product in 2022.

Report Attributes

Details

Syringes Market Size (2021A)

US$ 17,158.1 Million

Estimated Market Value (2022E)

US$ 17,889 Million

Forecasted Market Value (2032F)

US$ 26,995.6 Million

Global Market Growth Rate (2022-2032)

4.2% CAGR

North America Market Share (2021)

~33.2%

Europe Market Growth Rate (2022-2032)

~3.3% CAGR

United States Market Growth Rate (2022-2032)

~3% CAGR

Market Share of Top 5 Companies

~17.4%

Key Companies Profiled

  • Becton, Dickinson and Company
  • B. Braun Melsungen AG
  • Gerresheimer AG
  • Hindustan Syringes & Medical Devices Limited
  • Terumo Corporation
  • Nipro Corporation
  • Schott AG
  • Medtronic Plc.
  • Smith’s Group Plc.
  • Codan Medizinische Geräte GmbH & Co Kg.

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Sales Analysis of Syringes (2017-2021) vs. Market Forecast Outlook (2022-2032)

Due to the global rise in invasive medical procedures and the presence of numerous chronic diseases, syringes have taken up a significant amount of space in laboratories, hospitals, and research facilities. Additionally, the target product market has grown throughout the course of history due to the target product's relative quick action time compared to other oral medications in terms of drug administration. Hence, the aforementioned factors witnessed the growth of syringes market with a compound annual growth rate of 4% from 2017 to 2021.

Usage of syringes are 1.5X higher than any other commonly used medical supplies. These are used by healthcare practitioners to administer liquids, diluted substances and drugs in humans as well as vets and pets. In addition, syringes also find its application in fluid removal from body cavities or to clean wounds. Despite the fact that syringes have been used for a long time, there has been a sharp increase in demand for syringes over the past few years due to the expanding use of disposable syringes, the expansion of mass vaccination programs, and the rising tendency of self-administration of injections.

Fact.MR suggests that the global market for syringes will be valued at US$ 26,995.6 Mn by 2032 end posing a CAGR of 4.2% since 2022.

  • Short Term (2022 Q2 to 2025): The rising incidence of various infections and chronic disease across the globe to boost the market growth of syringes in short term.
  • Medium Term (2025-2028): The target market will experience growth during the medium-term projection period as patients seek for treatment methods that are quick to work and cause the least amount of trauma while the patient is going through the process.
  • Long Term (2028-2032): Innovative syringe technologies are being developed by top manufacturers with greater features this will expand the target product market during the long term forecast.

Over the 2017-2021 historical period, the global syringes market registered a CAGR of 4%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.2% CAGR between 2022 and 2032.

Syringes market size, share, trends, growth and sales forecast report by Fact.MR

Market share analysis of syringes based on syringe type is provided in a nutshell in the above image. Under the syringe type segment, disposable syringes segment dominates with 82.9% market share in 2022.

Syringes Market

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What’s Driving Demand for Syringes?

“Immunization Campaigns by Government Bodies to Boost Sales of Syringes”

Mass immunization is significantly on the rise with growing awareness of the proven effectiveness, sustainability of vaccines among the population for controlling various infectious diseases like hepatitis, tetanus etc. The use of auto-disable syringes improved vaccination coverage rates thereby improving injection safety. Sale of syringes is therefore expected to increase during the predicted period due to the increased frequency of vaccination and immunization programs initiated by the government. For instance, UNICEF organizes various vaccination programs for the community to confer long term protection of human body from serious liver infection.

In addition, availability of different syringes in varied sized to suit different doses and comfort levels is positively impacting the growth of syringes market. The aforementioned reasons are expected to uplift the market for syringes across the globe.

“Growing Diabetic Patient Population to Uplift the Market for Syringes”

Factors namely ageing, urbanization, changing lifestyles are contributing to the increase in long term trends observed in diabetic patients. Individuals suffering from diabetes use insulin syringes in order to administer the appropriate insulin dose prescribed by healthcare professionals. Such multiple use of syringes to administer different doses per day is spurring demand for syringes. It is observed that the total number of patients requiring insulin is expected to be approximately around 150 – 200 million individuals on a global level. Therefore, the use of insulin treatment to regulate blood sugar levels among the population is expected to stimulate the market expansion on syringes across the world.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Syringes Producers Need to Watch Out for?

’Cross-Infections Caused by Multiple Use of Disposable Syringes to Hamper the Market Growth’’

Reusing of syringes for multiple purposes causes inadvertent contamination and transmits injection site infections to the patients. Diseases like HIV and hepatitis spread through such unsafe use of syringes. Nearly 12 % HIV injections are caused by unsafe use of syringes in India. Blood residues on the used needle and syringes often spread diseases to other individuals who come in contact with the used syringes. In addition, COVID-19 pandemic also brought caused shortage in syringes due to rising emergency in delivering vaccine shots in developed and developing nations with the presence of limited manufacturing players in the market. Such use of syringes for multiple purpose acts as a restraining factor for the global syringes market.

Country-wise Insights

Why U.S. is a Major Market for Syringes?

The United States syringes market is currently estimated at US$ 5,629.5 Million.

Having one of the most developed healthcare infrastructures, presence of established global players and investments in the research and development sector has made U.S. as one of the opportunistic market for syringes. In addition, escalating use of self-administrative due to surge in chronic diseases have helped to maintain the growth trajectory of syringes sales.

Government support in the form of finances to the market players in their production units will open a handful of opportunities for the syringes market expansion.

Why is India Expected to be Highly Lucrative for Syringes Market?

Growing consumers’ shift towards innovative and beneficial products with less associated risks have opened incremental opportunities for developing regions such as India. Having a population of 1.39 Million, India is considered to be one of the rapidly growing economies in the world. With various vaccination drives being initiated by Indian Government to protect the community from ill health, increase in per capita healthcare spending of the population has positively impacted the growth of syringes market in India. The outbreak of the pandemic also proved to be a major factor for the market expansion of syringes in India.

Thus, India will become a profitable market for the target product with such a high number of chronic disease cases, according to Fact.MR.

Category-wise Insights

Why are Disposable Syringes Highly in Demand?

Disposable syringes are anticipated to hold 85.6% of the global market share among syringe type by 2032. The easy availability in sterilized condition, cost effectiveness and ready to use characteristics of single-use syringes have opened a wide market potential for disposable syringes. Growing threat of disease transmission through use of reusable syringes have resulted in the growing demand for disposable syringes from end users like healthcare professionals. Besides this, easy availability of raw materials for manufacturing of disposable syringes make them ideal for adoption.

Why are Hospital Considered to be the Hold Concentrated Sale of Syringes?

Market share by hospitals as end users is anticipated to grow at a CAGR of 3.7% over the estimated period. The growing number of hospitals worldwide and presence of highly skilled workforce 24/7 are considered to play a major role in the augmentation of this segment. In addition, use of syringes for performing various hematology tests at hospitals create extensive opportunities for the syringes market.

Competitive Landscape

Prominent market players manufacturing syringes are Becton, Dickinson and Company, B.Brawn, Medtronic Plc., Smith’s Group Plc., Schott AG, Hindustan Syringes & Medical Devices Limited, Aurobindo Pharma Limited and Gerresheimer AG.

Manufacturers focuses on market dominance by following various strategies like mergers & acquisitions, partnerships, expansion of distribution channel across the globe etc. With an objective to expand their product portfolio, manufacturers tremendously invest in R&D sector as well as increase their human resources. Following such marketing strategies will enable them to enjoy significant growth opportunities in the coming years.

  • In Sept 2022, BD Company launched BD EffivaxTM Glass Prefillable Syringe which is a next generation prefillable vaccine syringe with high efficiency and reliability.
  • In Jan 2021, Aurobindo Pharma Limited received FDA approval for manufacturing of Naloxone HCl Injection Prefilled Syringe 2 mg/2 mL which will help to boost their product portfolio.

Fact.MR has provided detailed information about the price points of key manufacturers of syringes positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Syringes Industry Research

  • By Product Type:

    • Disposable Syringes
    • Reusable Syringes
  • By End-user:

    • Hospitals
    • Diagnostic Laboratories
    • Clinics
    • Nursing Facilities
    • Others
  • By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & ASEAN
    • Oceania
    • MEA

- Premium Report Details -

Syringes Market
  • FACT59MR
  • Oct-2022
  • Healthcare
  • 170 Pages
  • 48 Tables
  • 85 Figures

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The global syringes market is valued at US$ 17,889 Million in 2022.

Worldwide demand for syringes is anticipated to reach US$ 26,995.6 Million by 2032-end.

During 2017-2021, sales of syringes increased at 4% CAGR.

North America tops the global syringes market and will account for 29.8% market share by end of 2032.

Disposable syringes will account for 82.9% share of global sales by 2022.

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