Syringe Market Size, Share Global Analysis Report, 2021 - 2026

Industry Insights

[197+ Pages Report] According to the report published by Facts & Factors, the global Syringe market size was worth around USD 14.8 billion in 2020 and is predicted to grow around USD 18.5 billion by 2026 with a compound annual growth rate (CAGR) of roughly 7.7% between 2020 and 2026. The report analyzes the global Syringe market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Syringe market.

Market Overview

Syringes are a mechanical form of reciprocating pump that consists of a plunger that fits rigidly within a cylindrical structure that is referred to as a barrel. The plunger has the ability to be pulled and pushed along the inside of the tube allowing for the syringe to expel and take in liquid which can be then discharged through the orifice at the open end of the barrel. The orifice is often fitted with a hypodermic needle or a nozzle that can direct the flow of the fluid in order to administer the injection in an intravenous manner.

Key Insights from Primary Research

• As per the details published by our primary respondents, the global syringe market is expected to grow at a rate of 7.7% on an annual basis.
• Through the primary research conducted by our team, the global syringe was valued at around USD 14.8 Billion in 2020.
• On the basis of product type, a specialized syringe contributes its maximum with share of around 50% in 2019.
• On the basis of the type, around 23% contributes to the single-use type of syringe.
• On the basis of the usage, around 37% contribute to the prefilled type of syringe.
• Based on end-user, the hospital segment is leading with a share of 27% in 2019 and is expected to grow at a cagr of 9% from 2019 to 2027.

Key recommendations from analysts

• As per our analysis syringe market is emerging as the increasing prevalence of chronic diseases, and geriatric & obese populations are creating a huge demand for injectable drugs and in turn, driving growth of the global syringes market.
• The growing geriatric population is leading to the growth of chronic diseases and in turn, driving the growth of the target market.
• One of the key factors expected to create huge demand for syringes is the growing numbers of the advancement of technology and improved R&D efforts.
• However, the increasing incidence of needlestick injuries is one major factor hindering the market growth

Industry Growth Factors

The global syringe market is expected to report a higher market share during the advent of the forecast due to contributing factors such as the rising prevalence of chronic diseases across the globe coupled with the rising adoption of safety standards for syringes. Additionally, the increasing geriatric population coupled with rising demands for vaccines is expected to increase the footprint of the global syringe market during the advent of the forecast period. Moreover, rising technological advancements in the syringe sector coupled with increasing urbanization measures are expected to boost the growth of the global syringe market during the advent of the forecast period.

The global syringe market is expected to be driven by rising conducive regulatory policies which in turn will give rise to a large number of new injectables coupled with a rising growth of the aging population to name a few. The increasing number of surgical procedures coupled with rising demands for anesthesiology is expected to fuel the growth of the global syringe market during the advent of the forecast period. However, a higher cost of safety syringes coupled with rising incidences pertaining to needle stick injuries is expected to decrease the market share during the advent of the forecast period.

Segmentation Analysis

The global syringe market is segmented into product, type, end-user, and regions.

On the basis of product, the global syringe market is divided into general syringes, specialized syringes, and smart syringes. The segment pertaining to general syringes is expected to witness the largest market share during the advent of the forecast period owing to regular use for vaccination and tetanus applications coupled with an increasing birthdate in developing countries leading to rising demand for vaccinations to name a few. On the basis of type, the global syringe market is categorized into reusable syringes & disposable syringes. The disposable syringes segment is expected to witness the largest market share during the advent of the forecast period owing to reducing risks of infections and harmful diseases during dosage coupled with rising demand for quick solutions from the healthcare sector to name a few. On the basis of end-user, the global syringe market is fragmented into hospitals, blood collection centers, diabetic care centers, and others. The segment pertaining to hospitals is expected to witness the largest market share during the advent of the forecast period owing to the rising number of patients suffering from various chronic diseases coupled with the increasing prevalence of cancer, diabetes, stroke, and heart diseases to name a few.

Report Scope

Regional Analysis

North America is expected to witness the largest market share during the advent of the forecast period owing to increasing cases of chronic diseases coupled with rising demand for technologically advanced medical products to name a few. Additionally, the increasing presence of key market players in the region coupled with changing lifestyle choices of the targeted population is expected to increase the footprint of the syringe market during the advent of the forecast period. Factors pertaining to increased integration of glass syringes coupled with increasing awareness about blood-borne injections are expected to fuel the growth of the syringe market during the advent of the forecast period. Moreover, the increasing inclination of consumers toward self-administration coupled with rising developments in injectable devices is expected to open new revenue-generating opportunities for the syringe market in the region during the forecast period.

Global Syringe Market: Competitive Players

The key market participants in 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
• Thomas Scientific

By Product Segment Analysis

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

By Type Segment Analysis

• Reusable Syringes
• Disposable Syringes
  • Prefilled
  • Empty

By End-User Segment Analysis

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

By Regional Segment Analysis

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