Global Syringe Market Share Is Likely To Reach At A CAGR Value Of Around 7.7% By 2026

06-Feb-2020 | Facts and Factors

Facts and Factors have authored “Syringe Market By Product (General Syringes, Specialized Syringes, & Smart Syringes), By Type (Reusable Syringes & Disposable Syringes ), By End-User (Hospitals, Blood Collection Centers, Diabetic Care Centers, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026”.

Based on our analysis, the global syringe market in 2020 is approximately USD 14.8 Billion and is anticipated to reach around USD 18.5 Billion by 2026. The anticipated CAGR for the global syringe market is around 7.7% from 2021 to 2026.

Browse the full “Syringe Market By Product (General Syringes, Specialized Syringes, & Smart Syringes), By Type (Reusable Syringes & Disposable Syringes ), By End-User (Hospitals, Blood Collection Centers, Diabetic Care Centers, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” report at https://www.fnfresearch.com/syringe-market

A syringe is a medical tool used for injecting fluid into, or removing fluid from, the body. A medical syringe is a needle attached to a feeble cylinder and equipped with a rolling plunger.

The industry is split into single-use, reusable, standard syringes specialized syringes, safety syringes, hypodermic needles, irrigation syringes, oral syringes, conventional syringes, and prefilled syringes.

The global market for syringe was estimated at USD 12,000 million in 2019 and is expected to reach around USD 25,000 million in 2026 with a CAGR of 8% in 2020-

One of the key factors which will have a significant impact on industry growth will be the increasing prevalence of chronic diseases, geriatric & obese populations, and the advancement of technology and improved r&d efforts. It will lead to increased use of syringes.

During the projection period, the specialized demand for syringes globally would expand at a faster rate. As the number of accident cases and anti-communicable diseases such as leukemia and heart problems increases market growth prospects in this field are growing.

The specialized syringe is more dominating due to its use in different types of diseases and disorders. In a specialized syringe, the category insulin is dominating more as there is a number of diabetic patients and the number is increasing day by day.

The number is more in Asian countries as it has more diabetic patients.

A single type of syringe is more in use as it has fewer chances of producing infection as compared to a reusable type.

Safety syringes are more used and it is dominating the market as it is non-usable and thus cannot be used again.

Syringes having a capacity of 1-10ml are more dominating as these quantities are more used in chronic diseases.

Polymers are more used in making syringes as it is cheaper and available in quantities.

Luer lock is more dominating as it is more flexible to use and avoids needle stick injury.       

The hospital section is more dominant in syringe usage as it has more no than the patient's service sections.

Although businesses have a high market growth opportunity, market growth is impeded by factors such as the high cost of syringes, increasing the incidence of needle stick injuries. Countries such as japan, china, Singapore, India, and South Korea are the major markets with high growth potential as these hold a number of geriatric populations, and also there are more patients with chronic diseases.

Report Scope

Top Market Players

The key market participants for the global syringe market are Becton, Dickinson and Company, Terumo Corporation, Medtronic plc., Smiths Medical, B. Braun Medical, Inc., NIPRO Corporation, Hindustan Syringes & Medical Devices Limited, Gerresheimer AG, SCHOTT AG, CODAN Medizinische Gerate GmbH & Co KG, BD, and Thomas Scientific, among others.

This report segments the Syringe market as follows:

Global Syringe Market: By Product Segment Analysis

• General Syringes
• Specialized Syringes
  • Insulin
  • TB
  • Allergy
• Smart Syringes
  • Auto-Disable
  • Active & Passive Safety

Global Syringe Market: By Type Segment Analysis

• Reusable Syringes
• Disposable Syringes
  • Prefilled
  • Empty

Global Syringe Market: By End-User Segment Analysis

• Hospitals
• Blood Collection Centers
• Diabetic Care Centers
• Others

Global Syringe Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

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