Global Syringes Market, By Material (Plastic Syringes, Glass Syringes), Type (General Syringes, Specialized Syringes), Design (Single Chamber Prefilled Syringes, Dual Chamber Prefilled Chamber, Customized Prefilled Syringes), Usability (Disposable Syringes, Sterilizable/ Reusable Syringes), End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Others), Distribution Channel (Retail, Direct Tenders), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Syringes Market
Data Bridge Market Research analyses that the syringes market to be grow at a CAGR of 9.25% in the forecast period of 2022-2029 and is likely to reach the USD 27.98 billion by 2029.
A syringe is a medical instrument that is used to move liquids into or out of the body. It consists of a hollow needle connected to a tube and a plunger. Fluid is drawn into the tube when the plunger handle is pulled back. When the handle is pressed down, the fluid is squeezed out through the needle.
The rise in the prevalence of chronic disorders will act as major driver accelerating the syringes market’s growth rate. Another significant factor resulting in the expansion of market is the growing demand for vaccines. Furthermore, surging number of geriatric population and technological advancement are the major drivers that will enhance the growth of market. Likewise, upsurge in the number of vaccination and immunization programs and rapid urbanisation will show positive impact on the market’s growth rate. Growing healthcare expenditure and rise in the level of disposable incomes in developing and developed countries will influence the growth rate of syringes market.
Moreover, the growing trend of prefillable syringe systems and advancement in medical technology will provide beneficial opportunities for the syringes market growth. Additionally, the rise in the focus of market players on product lifecycle management will further expand the syringes market’s growth rate in the future.
On the other hand, high cost of safety syringes and increase in the number of needle stick injuries and infections are factors that will obstruct the market growth. Also, increasing focus on the development of alternative drug delivery methods and sterility of injections will challenge the syringes market. However, lack of healthcare professionals and the less awareness will act as restrain and further impede the growth rate of market.
This syringes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on syringes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Syringes Market Scope and Market Size
The syringes market is segmented on the basis of material, type, design, usability, distribution channel and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on material, the syringes market is segmented into plastic syringes and glass syringes.
- On the basis of type, the syringes market is segmented into general syringes and specialized syringes. Specialized syringes are further sub-segmented into allergy, tuberculin syringes, insulin syringes and others.
- Based on design, the syringes market is segmented into single chamber prefilled syringe, dual chamber prefilled chamber and customized prefilled syringes.
- On the basis of usability, the syringes market is segmented into disposable syringes and sterializable/reusable syringes. Disposable syringes are further sub-segmented into conventional syringes, safety syringes and prefilled syringes. Safety syringes are further sub-segmented into retractable syringes and non-retractable syringes.
- On the basis of end users, the syringes market is segmented into hospitals, ambulatory centers, clinics, community healthcare.
- Based on distribution channel, the syringes market is segmented into retail and direct tenders.
Syringes Market Country Level Analysis
The syringes market is analysed and market size insights and trends are provided by country, material, type, design, usability, distribution channel and end users as referenced above.
The countries covered in the syringes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the syringes market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing awareness about specialized syringes and rise in biologics approvals. Additionally, surging prevalence of chronic and lifestyle disorders, rising product approvals and increase in the advancement in injectable devices will enhance the growth rate of the syringes market in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the increasing urbanization, favourable regulatory policies for approval of new injectable, technical innovations and rising number of geriatric population in this region.
The country section of the syringes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The syringes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for syringes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the syringes market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Global Syringes Market Share Analysis
The syringes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to syringes market.
Some of the major players operating in the syringes market are Owen Mumford Limited, BD., Terumo Medical Corporation, Baxter, Retractable Technologies, Inc., Medtronic, Gerresheimer AG, West Pharmaceutical Services, Inc., NIPRO, Vetter Pharma-Fertigung GmbH & Co. KG, Abbott, YPSOMED, Haselmeier, Weigao group, Bayer AG, Biocon, Smiths Medical, B. Braun Medical Inc., CODAN Companies, and Cardinal Health, among others.
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