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 to 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 to 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 to 2032) | 4.2% CAGR |
| North America Market Share (2021) | ~33.2% |
| Europe Market Growth Rate (2022 to 2032) | ~3.3% CAGR |
| United States Market Growth Rate (2022 to 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 to 2021) vs. Market Forecast Outlook (2022 to 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 Million 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 to 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 to 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 to 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.
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.
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.
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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.
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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
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market Value (US$ Million) Analysis and Forecast
- 5. Global Market Analysis and Forecast, By Product Type
- 5.1. Reusable Syringe
- 5.2. Disposable Syringe
- 6. Global Market Analysis and Forecast, By End User
- 6.1. Hospitals
- 6.2. Diagnostic Laboratories
- 6.3. Clinics
- 6.4. Nursing Facilities
- 6.5. Others
- 7. Global Market Analysis and Forecast, By Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Europe
- 7.4. East Asia
- 7.5. South Asia & ASEAN
- 7.6. Oceania
- 7.7. Middle East & Africa
- 8. North America Market Analysis and Forecast
- 9. Latin America Market Analysis and Forecast
- 10. Europe Market Analysis and Forecast
- 11. East Asia Market Analysis and Forecast
- 12. South Asia & ASEAN Market Analysis and Forecast
- 13. Oceania Market Analysis and Forecast
- 14. Middle East & Africa Market Analysis and Forecast
- 15. Country-level Market Analysis and Forecast
- 16. Market Structure Analysis
- 17. Market Competition Analysis
- 17.1. Becton, Dickinson and Company
- 17.2. B. Braun Melsungen AG
- 17.3. Gerresheimer AG
- 17.4. Hindustan & Medical Devices Limited
- 17.5. Terumo Corporation
- 17.6. Nipro Corporation
- 17.7. Schott AG
- 17.8. Medtronic Plc.
- 17.9. Smith’s Group Plc.
- 17.10. Codan Medizinische Geräte GmbH & Co Kg.
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
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 End User, 2017 to 2021
Table 06: Global Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 07: North America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 08: North America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 09: North America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 10: North America Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 11: North America Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 12: North America Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 13: Latin America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 14: Latin America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 15: Latin America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 16: Latin America Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 17: Latin America Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 18: Latin America Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 19: Europe Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 20: Europe Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 21: Europe Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 22: Europe Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 23: Europe Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 24: Europe Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 25: East Asia Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 26: East Asia Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 27: East Asia Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 28: East Asia Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 29: East Asia Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 30: East Asia Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 31: South Asia & ASEAN Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 32: South Asia & ASEAN Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 33: South Asia & ASEAN Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 34: South Asia & ASEAN Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 35: South Asia & ASEAN Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 36: South Asia & ASEAN Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 37: Oceania Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 38: Oceania Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 39: Oceania Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 40: Oceania Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 41: Oceania Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 42: Oceania Market Value (USD Million) and Forecast by End User, 2022 to 2032
Table 43: MEA Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 44: MEA Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 45: MEA Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 46: MEA Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 47: MEA Market Value (USD Million) and Forecast by End User, 2017 to 2021
Table 48: MEA Market Value (USD Million) and Forecast by End User, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (USD Million) Forecast, 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 03: Global Market Value (USD Million) by Region, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Market Value (USD Million) by Product Type, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 07: Global Market Value (USD Million) by End User, 2022 & 2032
Figure 08: Global Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 09: North America Market Value (USD Million) Forecast, 2022 to 2032
Figure 10: North America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 11: North America Market Value (USD Million) by Country, 2022 & 2032
Figure 12: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 13: North America Market Value (USD Million) by Product Type, 2022 & 2032
Figure 14: North America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 15: North America Market Value (USD Million) by End User, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 17: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 18: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 19: North America Market Attractiveness Analysis by End User, 2022 to 2032
Figure 20: Latin America Market Value (USD Million) Forecast, 2022 to 2032
Figure 21: Latin America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 22: Latin America Market Value (USD Million) by Country, 2022 & 2032
Figure 23: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 24: Latin America Market Value (USD Million) by Product Type, 2022 & 2032
Figure 25: Latin America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 26: Latin America Market Value (USD Million) by End User, 2022 & 2032
Figure 27: Latin America Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 28: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 29: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by End User, 2022 to 2032
Figure 31: Europe Market Value (USD Million) Forecast, 2022 to 2032
Figure 32: Europe Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 33: Europe Market Value (USD Million) by Country, 2022 & 2032
Figure 34: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 35: Europe Market Value (USD Million) by Product Type, 2022 & 2032
Figure 36: Europe Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 37: Europe Market Value (USD Million) by End User, 2022 & 2032
Figure 38: Europe Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 41: Europe Market Attractiveness Analysis by End User, 2022 to 2032
Figure 42: East Asia Market Value (USD Million) Forecast, 2022 to 2032
Figure 43: East Asia Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 44: East Asia Market Value (USD Million) by Country, 2022 & 2032
Figure 45: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 46: East Asia Market Value (USD Million) by Product Type, 2022 & 2032
Figure 47: East Asia Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 48: East Asia Market Value (USD Million) by End User, 2022 & 2032
Figure 49: East Asia Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 50: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 51: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 52: East Asia Market Attractiveness Analysis by End User, 2022 to 2032
Figure 53: South Asia & ASEAN Market Value (USD Million) Forecast, 2022 to 2032
Figure 54: South Asia & ASEAN Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 55: South Asia & ASEAN Market Value (USD Million) by Country, 2022 & 2032
Figure 56: South Asia & ASEAN Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: South Asia & ASEAN Market Value (USD Million) by Product Type, 2022 & 2032
Figure 58: South Asia & ASEAN Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 59: South Asia & ASEAN Market Value (USD Million) by End User, 2022 & 2032
Figure 60: South Asia & ASEAN Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 61: South Asia & ASEAN Market Attractiveness Analysis by Country, 2022 to 2032
Figure 62: South Asia & ASEAN Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 63: South Asia & ASEAN Market Attractiveness Analysis by End User, 2022 to 2032
Figure 64: Oceania Market Value (USD Million) Forecast, 2022 to 2032
Figure 65: Oceania Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 66: Oceania Market Value (USD Million) by Country, 2022 & 2032
Figure 67: Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68: Oceania Market Value (USD Million) by Product Type, 2022 & 2032
Figure 69: Oceania Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 70: Oceania Market Value (USD Million) by End User, 2022 & 2032
Figure 71: Oceania Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 72: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 74: Oceania Market Attractiveness Analysis by End User, 2022 to 2032
Figure 75: MEA Market Value (USD Million) Forecast, 2022 to 2032
Figure 76: MEA Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 77: MEA Market Value (USD Million) by Country, 2022 & 2032
Figure 78: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 79: MEA Market Value (USD Million) by Product Type, 2022 & 2032
Figure 80: MEA Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 81: MEA Market Value (USD Million) by End User, 2022 & 2032
Figure 82: MEA Market Y-o-Y Growth Rate by End User, 2022 to 2032
Figure 83: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 84: MEA Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 85: MEA Market Attractiveness Analysis by End User, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global syringes market size?
The global syringes market is valued at US$ 17,889 Million in 2022.
How is the market for syringes expected to fare going forward?
Worldwide demand for syringes is anticipated to reach US$ 26,995.6 Million by 2032-end.
How did the market perform over the last few years?
During 2017-2021, sales of syringes increased at 4% CAGR.
Which regional syringes market accounts for a leading market share?
North America tops the global syringes market and will account for 29.8% market share by end of 2032.
Which product type holds the highest market share?
Disposable syringes will account for 82.9% share of global sales by 2022.
Syringes Market