The global syringes market size was estimated to be US$ 14.1 billion in 2020 and is expected to reach US$ 27 billion by 2031 at a CAGR of 6.1%.
The syringe is a gadget utilized by medical and health care experts to administer fluids into or out of the body. It comprises an empty needle, which works in a union of a cylinder and a plunger like instrument.
It is prominently employed for the treatment of diabetic retinopathy, diabetic macular edema, macular degeneration, which is age related, and macular edema following retinal vein handicap. Insulin syringes are significantly utilized in the treatment of diabetes. As articulated by CDC statistics, in 2017, more than 100.0 million individuals were living with diabetes or prediabetes in the United States of America. Medical institutes are working round the clock for the betterment of these essential medical care products worldwide.
The recent developing attentiveness of patients towards blood-borne disorders is expected to back up the evolution of the syringes market during the forecast period of 2023-2032. Anesthesiology is the most widely recognized technique implemented during medical procedures, which includes infusion of drugs in patient, for pain free medical procedures. Syringes are utilized in almost all sort of medical procedures for the purpose of injecting medications of various forms and suction of various waste bodily fluids during these surgeries.
Besides, WHO has prescribed the utilization of these smart syringes to diminish defilement and spread of fatal sicknesses. In addition, WHO is seen promoting utilization of smart syringes proactively worldwide post corona virus outbreak.
North America is the top-ranking province in the syringes market because of rising pervasiveness of chronic health disorders, massive adoption of unhealthy lifestyle choices, rise in medical and healthcare product endorsements over past few years, upsurge in biologics endorsements, rising attentiveness about utilization of syringes amongst patients as well as medical healthcare experts, and rising improvements noted in injectable gadgets.
While Asia-Pacific is relied upon to acquire at the most noteworthy development rate during the forecast period 2023 to 2032 in virtue of rising focal point of significant players around in the province, quick urbanization, forward-looking progression in the medical sector, ideal medication administration approaches for the endorsement of new injectable and explicit rise in populace aged 55 and above currently. Acclivity in various long term health disorders is seen as a major aspect driving the market during 2023-2032.
Global Syringes Market Value Share Analysis, by Geography (2022)
The report titled “Global Syringes Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Syringes Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Syringes market is segmented based on Product type, application, End use, and region. Based on Product type, the Syringes market is segmented into General Syringes, Specialized Syringes (Insulin, Tuberculin (TB), Allergy), Smart Syringes (Auto-Disable, Active Safety, Passive Safety), Others. Based on Application, the Syringes market is segmented into Reusable Syringes, Disposable Syringes (Empty, Prefilled, Others). Based on End use, the Syringes market is segmented into Hospitals Blood Collection Centers, Diabetic Care Centers, Others.
Based on geography, the Global Syringes Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Syringes Market. Further, market share of prominent companies in the Global Syringes Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Syringes companies. The Global Syringes Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Syringes business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Syringes Market.
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.
Global Syringes Market Key Segments:
Based on Product Type
Based on Application
Based on End Use
The global Syringes market was worth US$ 14.1 billion in 2020.
The global market for Syringes will most likely expand at over 6.1% CAGR through 2031.
Thomas Scientific, B. Braun Melsungen AG, Nipro Medical Corporation, Hindustan Syringes and Medical Devices Ltd. are few prominent players active in the market.
North America is the region with the highest syringe market share.
The syringes market is estimated to surpass US$ 27 Billion by 2031.
During the projected period of 2023–2032, the recent increase in patient awareness of blood-borne illnesses is anticipated to support the market growth for syringes.
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