Syringe Market Overviews
The Syringe Market size was valued at USD 20.56 Bn. in 2023 and the total Global Syringe revenue is expected to grow at a CAGR of 6.5 % from 2024 to 2030, reaching nearly USD 32.78 Bn. by 2030.
Syringes are designed for various medical purposes, such as injecting medications, drawing blood samples, administering vaccines, delivering contrast agents for imaging procedures, and flushing intravenous lines. They come in different sizes, measured in milliliters (ml) or cubic centimeters (cc), to accommodate different dosages and applications. The syringe market encompasses a wide range of products related to syringes, including disposable syringes, safety syringes, insulin syringes, and prefilled syringes, among others. The Syringe Market has grown because of technological advancements, the increasing prevalence of chronic diseases, the growing demand for vaccines and biologics, and initiatives expected to reduce needlestick injuries and cross-contamination.
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Syringe Market Scope and Methodology:
The aging population globally is contributing to a higher demand for healthcare services, including the use of syringes for various medical procedures and drug administration. As people get older, they are more likely to develop chronic conditions. The rising incidence of chronic diseases such as diabetes, cancer, and autoimmune disorders has increased the demand for syringes used in therapeutic injections and drug delivery.
Syringe Market Regional Insights
Asia Pacific has dominated the Syringe Market, which held the largest market share accounting for 47.10% in 2023, the region is expected to grow during the forecast period and maintain its dominance by 2030. The Asia-Pacific region has a large population, including countries like China, India, and Indonesia. This has led to an increased demand for syringes for various healthcare purposes, such as immunization programs, therapeutic injections, and blood specimen collection. The rising prevalence of chronic diseases like diabetes and cancer in the Asia-Pacific region has further boosted the demand for syringes used in therapeutic injections and other medical procedures.
SyringeMarket Segmentation
Based on the Product Type, the Disposable Syringes segment held the largest market share of about 68.1% in the Syringe Market in 2023. According to the SMR analysis, the segment is expected to grow at a CAGR of 6.5 % during the forecast period and maintain its dominance till 2030. Disposable syringes are designed for single-use only, which helps prevent the spread of infections and cross-contamination. The safety factor has led to the widespread adoption of disposable syringes in healthcare settings, particularly in developing countries where safety standards are stringent.
Syringe Market Key Players
Becton, Dickinson and Company (BD)(New Jersey)
B. Braun Melsungen AG (Germany)
Terumo Corporation(Japan)
Smiths Medical (U.S.)
Nipro Corporation (Japan)
Henke Sass Wolf GmbH (Germany)
SCHOTT AG Germany)
Cardinal Health, Inc. (U.S.)
Gerresheimer AG (Germany)
Medtronic plc (Ireland)
Retractable Technologies, Inc.(Texas)
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Key questions answered in the Syringe Market are:
- What is Syringe ?
- What was the Syringe market size in 2023?
- What is the growth rate of the Syringe Market?
- Which are the factors expected to drive the Syringe market growth?
- What are the different segments of the Syringe Market?
- What growth strategies are the players considering to increase their presence in Syringe ?
- What are the upcoming industry applications and trends for the Syringe Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Syringe Market?
- Who are the leading companies and what are their portfolios in Syringe Market?
- What segments are covered in the Syringe Market?
- Who are the key players in the Syringe market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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