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Global Syringe Market 2021 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecast

Syringe

Syringe Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Syringe market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Prefilled syringes are anticipated to dominate the market

The syringe market is segmented on the basis of usage and application. By usage, the market is further segmented into sterilizable/reusable syringes, disposable syringes, and prefilled syringes.

Prefilled syringes are gaining acceptance in the market as drug delivery systems designed for injectable drugs. They are generally preferred for parenteral administration of various drugs and are used mainly for the treatment of chronic diseases where patients have to administer medication themselves, several times a week. In line with this trend, many pharmaceutical companies are focusing on bringing in advancements in self-administration therapies. For instance, the EpiPen auto-injector and similarly in July 2016, Bristol-Myers Squibb commercially launched the ORENCIA Clickject auto-injector. The latest trend gaining momentum in the market is the shift from glass prefilled syringes to plastic pre-filled syringes. The plastic prefilled syringes are becoming more popular due to the introduction of advanced polymer materials, such as polypropylene and crystal-clear polymer, which are biocompatible with the other components of the syringe.

Asia-Pacific is anticipated to grow rapidly in the syringe market

The Asia-Pacific market for syringes is anticipated to exhibit a strong growth during the forecast period. Although the syringe market is presently in its stage of infancy in APAC, factors, such as improving economic conditions, rise in purchasing power of the people, the growth in awareness regarding the advantages of prefilled syringes, and the presence of a large patient pool suffering from various chronic diseases are expected to drive the market to register a double-digit CAGR. In Asia-Pacific, Japan accounts for the major share of the market by revenue as well as volume, owing to the increased demand for self-administered treatments and high penetration of self-injection devices, growing the aging population, and increasing the prevalence of diabetes.

Market Overview:

  • The syringe market is expected to witness a robust growth owing to several factors, such as the rise in the demand for pre-filled syringes, growing prevalence of chronic diseases, such as diabetes, and increase in the usage of Botox for therapeutic applications. Moreover, the increased adoption of injectable drugs, technological advancements in syringes, increase in geriatric population, growing number of vaccination and immunization programs are expected to drive the volume growth over the next few years. According to WHO estimates, around 16 billion injections are administered globally on an annual basis. On the other hand, the rise in incidence of needle-stick injuries, high cost associated with safety syringes, and disposable syringes are likely to hinder the growth of the syringe market globally.

    Key Manufacturers Like 

  • Becton Dickinson and Company.
  • B. Braun Melsungen AG.
  • Gerresheimer AG.
  • Hindustan Syringes & Medical Devices Limited
  • Terumo Corporation.
  • Nipro Corporation.
  • Schott AG.
  • Cardinal Health.
  • Smiths Medical.
  • Codan Medizinische Gerte GmbH & Co. KG.
  • Catalent Inc..

    Scope of the Report:

  • The syringe is a device used by medical professionals to transfer liquids into or out of the body. It is made up of a hollow needle, which is attached to a tube and a plunger. When the plunger handle is pulled back, fluids are drawn into the tube. The fluid is forced out through the needle when the handle is pushed down. The syringe was introduced in the mid-1800s and has steadily improved with the development of new materials and designs.

    Syringe market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Syringe market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Syringe market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Syringe market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Syringe market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Syringe ?
    • Who are Opportunities, Risk and Driving Force of Syringe market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Syringe space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Syringe market opportunities, market risk and market overview of the Market?

    Lastly, the Global Syringe Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Syringe Market Report:

    • To provide a detailed analysis of the market structure along with the Syringe market forecast of various segments and sub-segments of the Syringe market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Syringe market trends that influence the global Syringe market

    Detailed TOC of Syringe Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rise in Prevalence of Chronic Diseases
    4.2.2 Increased Adoption of Injectable Drugs
    4.2.3 Technological Advancements in Syringes
    4.3 Market Restraints
    4.3.1 Increasing Incidence of Needle-stick Injuries, Coupled with High Cost of Safety Syringes
    4.3.2 Availability of Alternate Drug Delivery Methods
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Usage
    5.1.1 Sterilizable/Reusable Syringes
    5.1.2 Disposable Syringes
    5.1.3 Prefilled Syringes
    5.2 Application
    5.2.1 Insulin Syringes
    5.2.2 Botox
    5.2.3 Osteoarthritis
    5.2.4 Human Growth Hormone
    5.2.5 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Becton Dickinson and Company.
    6.1.2 B. Braun Melsungen AG.
    6.1.3 Gerresheimer AG.
    6.1.4 Hindustan Syringes & Medical Devices Limited
    6.1.5 Terumo Corporation.
    6.1.6 Nipro Corporation.
    6.1.7 Schott AG.
    6.1.8 Cardinal Health.
    6.1.9 Smiths Medical.
    6.1.10 Codan Medizinische Gerte GmbH & Co. KG.
    6.1.11 Catalent Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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