Syringes Market Key Players, Growth, Share and Forecast Till 2030

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Syringes Market Key Players, Growth, Share and Forecast Till 2030

September 12
20:44 2022
Syringes Market  Key Players, Growth, Share and Forecast Till 2030
Rising number of surgical procedures is a key factor driving syringes market revenue growth

The global syringes market size reached USD 15.98 Billion in 2021 and is expected to register a revenue CAGR of 8.7% during the forecast period, according to latest analysis by Emergen Research. The rising demand for vaccination and immunization is an important factor driving market revenue growth.

High demand for the COVID-19 vaccine is driving the syringe market revenue growth. Demand for syringes to administer the COVID-19 vaccine has increased along with efforts to increase vaccine manufacturing. According to research, more than 12.1 billion doses have been given across 184 countries. Most recently, the rate was at 47.1 million doses per day. Emergence of the omicron variant in late 2021 increased the demand for syringes as there was an increased need for booster doses.

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The report offers an accurate forecast estimation of the Syringes Market based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Syringes Market.

Some major companies in the global market report include BD, Terumo, Medtronic, Smiths Medical, B. Braun Melsungen AG, NIPRO, Hindustan Syringes & Medical Devices Ltd, Gerresheimer AG, SCHOT, and CODAN Companies.

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Emergen Research has segmented the global syringes market on the basis of product, usage, end-use and region:  

  • Product Outlook (Revenue, USD Billion; 2019–2030)
    • General Syringes
    • Specialized Syringes
      1. Insulin
      2. Tuberculin (TB)
      3. Allergy
    • Smart Syringes
      1. Auto-Disable
      2. Auto Safety
      3. Passive Safety
  • Usage Type Outlook (Revenue, USD Billion; 2019–2030)
    • Reusable Syringes
    • Disposable Syringes
      1. Empty
      2. Prefilled
  • End-use Outlook (Revenue, USD Billion; 2019–2030)
    • Hospitals
    • Blood Collection Centers
    • Diabetic Care Centers
    • Others

Some Key Highlights from the Report

  • General syringes segment accounted for the largest revenue share in 2021. General-purpose syringes are made of polypropylene (most frequently) plastic and are disposable. A general-purpose syringe’s main feature is that it doesn’t have a single, focused usage.
  • Instead, they are widely used for a variety of tasks, including those in industrial manufacturing, compounding pharmacies, and medical situations including Intravenous (IV) treatments and vaccination injections. The need for vaccinations is projected to increase as the birth rate rises in developing countries which is expected to drive revenue growth of the segment.
  • Disposable syringes segment accounted for the largest revenue share in 2021. Sanitation and safety are the two main benefits of using a disposable syringe. Patients no longer have to rely entirely on the doctors sterilizing techniques to ensure their safety owing to disposable syringes, which are thrown away after only one use. There are no dangers of cross-contamination as a result. 

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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Syringes industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.

The complete regional analysis covers:

  • North America (U.S., Canada, Mexico
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruption, and inducing financial instability.

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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