June 19, 2024

Syringe Market Size 2022, Global Trends, Growth, Analysis and Forecast to 2027

Syringe Market

According to the latest report by IMARC Group, “Global Syringe Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global syringe market size reached US$ 16.51 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.45 Billion by 2027, exhibiting a CAGR of 8.70% during 2022-2027.

A syringe is a medical device used to withdraw fluids and inject medication into the bloodstream through an intravenous (IV) or intramuscular ways. It consists of a needle attached to a hollow cylinder fitted with a sliding plunger. It also aids in handling various medical conditions, such as diabetes, hepatitis, infertility, psoriasis, allergies, arthritis, cancer, migraines, human immunodeficiency virus (HIV), and multiple sclerosis. At present, syringes are available in various shapes and sizes, including general, specialized, and disposable syringes.

Syringe Market Trends and Drivers:

The market is primarily driven by the sudden outbreak of the coronavirus disease (COVID-19) pandemic as governments of several countries are promoting fast and safe vaccination to reduce the contamination. In addition, the growing prevalence of chronic diseases and the increasing risk of healthcare-associated infection (HAI) cases are escalating the demand for disposable syringes that are ready-to-use and cost-effective.

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Besides this, a rising number of individuals undergoing surgical procedures, which is increasing the utilization of single-use syringes to deliver anesthetics. This, coupled with various initiatives undertaken by healthcare agencies, such as installing sharp containers in public places to manage the increased number of used syringes and encourage safe injection practices, is creating a favorable market outlook across the globe.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Syringe Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

B. Braun Melsungen AG, Baxter International Inc., Becton Dickinson and Company, Cardinal Health Inc., Gerresheimer AG, Hindustan Syringes & Medical Devices Ltd., Nipro Corporation, Pfizer Inc., Retractable Technologies Inc., Schott AG, Smiths Group plc, Terumo Corporation and Thomas Scientific LLC.

The report has segmented the market on the basis of region, product, material, usage, distribution channel and end user.

Breakup by Product:
• General Syringes
• Specialized Syringes
o Insulin Syringes
o Tuberculin Syringes
o Allergy Syringes
• Others

Breakup by Material:
• Glass Syringes
• Polymer Syringes

Breakup by Usage:
• Disposable Syringes
o Conventional Syringes
o Safety Syringes
o Prefilled Syringes
• Reusable Syringes

Breakup by Distribution Channel:
• Offline
• Online

Breakup by End User:
• Hospitals and Clinics
• Diagnostic Centers
• Speciality Centers
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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