The global syringes market size was valued at USD 11.1 billion in 2020 and is expected to grow at a CAGR of 6.8% from 2021 to 2028. The report also states that the increasing prevalence of chronic diseases such as diabetes, cancer, and cardiovascular diseases, coupled with the growing demand for injectable drugs, is driving the demand for syringes globally.
The global syringes market refers to the market for medical syringes used for administering drugs, vaccines, or for withdrawing bodily fluids for diagnostic purposes. The market is driven by factors such as the increasing prevalence of chronic diseases, growing demand for vaccinations, and the rising geriatric population. Additionally, the COVID-19 pandemic has also led to a surge in demand for syringes for administering vaccines globally.
Get a Free Sample Copy of a Research Report: https://analyticsmarketresearch.com/sample-request/syringes-market/180/
Furthermore, the report notes that the prefilled syringes segment is expected to witness the highest growth rate over the forecast period due to their advantages such as ease of use, accuracy in drug dosage, and reduced risk of contamination. North America is expected to dominate the market, followed by Europe and Asia Pacific. The major players in the market include Becton, Dickinson and Company, Gerresheimer AG, Terumo Corporation, Schott AG, and Gerresheimer AG, among others.
Market Segmentation:
The global syringes market can be segmented on the basis of type, material, end-user, and region.
- Type: a. General syringes b. Specialized syringes i. Insulin syringes ii. Tuberculin syringes iii. Allergy syringes iv. Others
- Material: a. Glass syringes b. Plastic syringes
- End-user: a. Hospitals and clinics b. Diagnostic centers c. Home care settings
- Region: a. North America b. Europe c. Asia Pacific d. Latin America e. Middle East and Africa
Regional Analysis:
The global syringes market can be analyzed regionally based on factors such as market size, growth rate, demand, and supply dynamics, regulatory frameworks, and technological advancements. Here is a brief analysis of the syringes market in different regions:
- North America: The North American market for syringes is expected to grow significantly due to the increasing prevalence of chronic diseases and the rising demand for injectable drugs. Additionally, the presence of major pharmaceutical companies and advanced healthcare infrastructure in the region further contributes to the growth of the market.
- Europe: The European syringes market is also expected to witness considerable growth due to factors such as a growing aging population, increasing incidence of chronic diseases, and favorable government initiatives. Moreover, the presence of several leading pharmaceutical companies in the region and the increasing demand for self-administered drugs further contribute to the growth of the market.
- Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth rate in the syringes market due to the increasing prevalence of chronic diseases, growing geriatric population, and rising healthcare spending. Additionally, the increasing awareness about the benefits of injectable drugs and the growing demand for advanced medical devices also contribute to the growth of the market in the region.
- Latin America: The Latin American syringes market is also expected to grow significantly due to factors such as increasing healthcare expenditure, rising demand for advanced medical devices, and increasing prevalence of chronic diseases. Additionally, the presence of a large number of pharmaceutical companies in the region further contributes to the growth of the market.
- Middle East and Africa: The Middle East and Africa syringes market are expected to grow at a moderate pace due to factors such as increasing healthcare expenditure, rising awareness about the benefits of injectable drugs, and the growing demand for advanced medical devices. However, the market growth may be limited by the lack of healthcare infrastructure and stringent regulatory frameworks in some countries in the region.
Key Points:
- Define, describe and forecast Syringes product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
