Syringes Market to eyewitness potential growth till 2032, owing to growing demand for injectable drugs | insightSLICE
The market for Syringes was valued at US$ 14.1 billion in 2020 and is predicted to grow to US$ 27 billion by 2031 at a compound annual growth rate of 6.1%.
Medical and healthcare professionals use syringes to administer fluids into or out of the body. It consists of an empty needle that operates in conjunction with a cylinder and a device that looks like a plunger.
It is frequently used to treat diabetic retinopathy, diabetic macular edema, age-related macular degeneration, and macular edema caused by retinal vascular impairment.
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The key players of the Global Syringes Market are:
Thomas Scientific, B. Braun Melsungen AG, Nipro Medical Corporation, Hindustan Syringes and Medical Devices Ltd., Gerresheimer AG, Smiths Medical, Codan Medizinische Geräte GmbH, Schott AG, Becton Dickinson, and others include the major companies in the global syringes market.
Syringes used to administer insulin are widely used in the management of diabetes. According to CDC data, more than 100.0 million people in the United States of America had diabetes or prediabetes as of 2017. Around the world, medical institutions are constantly attempting to improve these vital healthcare items.
Driving factors for the growth of Global Syringes Market
During the projected period of 2022–2032, the recent increase in patient awareness of blood-borne illnesses is anticipated to support the market growth for syringes. The most well-known method used during medical procedures, including medication infusions into patients for pain-free surgeries, is anesthesiology.
In practically all types of medical operations, syringes are used to inject different types of drugs and suction different waste bodily fluids throughout the surgeries.
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Additionally, the WHO has advised using these intelligent syringes to reduce contamination and the spread of dangerous diseases. Additionally, following the coronavirus outbreak, WHO is actively encouraging the use of smart syringes throughout the world.
Global Syringes Market Key Segments:
Based on Product Type
- General Syringes
- Specialized Syringes
- Insulin
- Tuberculin (TB)
- Allergy
- Smart Syringes
- Auto-Disable
- Active Safety
- Passive Safety
- Others
Based on Application
- Reusable Syringes
- Disposable Syringes
- Empty
- Prefilled
- Others
Based on End Use
- Hospitals
- Blood Collection Centers
- Diabetic Care Centers
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Asia
- South America
- Brazil
- Rest of South America
Regional performance of Syringes Market
Because of the increasing prevalence of chronic health conditions, the widespread adoption of unhealthy lifestyle choices, the rise in medical and healthcare product endorsements over the past few years, the rise in biologics endorsements, the increased awareness of syringe usage among patients and medical professionals, and the advancements in injectable technology, North America is the region with the highest syringe market share.
While Asia-Pacific is anticipated to grow at the highest rate during the projection period of 2022 to 2032 due to the growing importance of major players in the region, rapid urbanization, forward-thinking advancement in the medical field, ideal medication administration approaches for the endorsement of new injectables and an increasing population that is 55 years of age and older.
The market is anticipated to be driven primarily by the acceleration of various long-term health issues between 2022 and 2032.
Market report by insightSLICE covers all important details:
The market share, advancements, and insights for the syringe industry are covered in the study, which also includes comprehensive predictions for the years 2022 to 2032. Our report’s historical period spans the years 2020 to the present, with 2021 serving as its foundation year.
The research will look at the key market rivals in the global syringe industry as well as the corresponding market forecasts. The competitive environment is also taken into consideration in the analysis.
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Additionally, the report will include information on important advancements, regional and international sales subsidiaries, marketing plans, R&D initiatives, its entire workforce, and the top management teams for all significant market participants.
Statistics and data provided in our report:
The research provides an in-depth analysis of prominent players holding the majority share of the global market. We will provide a focused insight into all operating business segments and would identify the segment of the company focusing on the Global Syringes Market.
Further, the market share of prominent companies and their key competitive information such as business strategy, product portfolio, key development, strengths, weaknesses, new opportunities, and research strategies of all the companies in this market will be provided through this report.
The report will additionally consider the role of major companies involved in the supply chain, distribution, sales, and marketing of the products apart from manufacturers.
Consumer capabilities, manufacturing facilities, abundances, international trade analysis, value charts, cost of raw materials, and evaluations of the upstream and downstream value chains are some additional variables used to approximate the Syringes Market market situation for particular regions.
When providing strong empirical data on the country data, it also considers the availability and presence of international brands, the challenges they face due to intense or moderate competition from regional and local products, the impact of national tariffs, and cross-border trade.
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