Medical Syringe Market Size is Projected to be Around US$ 24.9 billion by 2028 | Top Key Players are Gerresheimer AG, SCHOTT AG, West Pharmaceutical Services Inc. and Others

The medical syringes market is projected to grow at a CAGR of roughly 10.1% over the course of the forecast period, from estimated revenue of USD 13.8 billion in 2021 to USD 24.9 billion by 2028. A syringe is a sterile tool used to inject solutions into patients' bodies while also collecting blood samples from them. A syringe is a cylindrical object made of plastic or glass with a plunger at one end and an aperture for attaching a needle. Needles are cylindrical hollow metal objects with sharp points.

The main factors propelling the growth of the syringe market during the forecast period are the rising incidence of infectious diseases and the rise in the use of Botox for therapeutic purposes. Syringes are also necessary for treatment methods and diagnostic procedures for infectious diseases since they are crucial for administering tests and medications. Additionally, the global syringe market is expanding as chronic diseases like cancer and diabetes become more prevalent on a global scale.

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Key Players Focus on Product Licensing to Get Products in the Market

Businesses that are active in the market are working harder to have their goods licensed so that producers can begin mass manufacturing. The prevention of unintended needle stick injuries in healthcare settings is one of the key concerns for manufacturers. In order to strengthen their position in the market, the market players are also implementing a variety of strategies, including mergers and acquisitions, partnerships, product launches, and innovations like the introduction of prefilled syringe goods.

Some prominent players in the medical syringes market include Gerresheimer AG (Dusseldorf, Germany), SCHOTT AG (Mainz, Germany), West Pharmaceutical Services Inc. (Pennsylvania, United States), Helvoet Rubber & Plastic Technologies BV (Netherlands), Nipro PharmaPackaging International (Mechelen, Belgium), AptarGroup, Inc. (Illinois, United States)
Terumo Corporation (Tokyo, Japan), Becton Dickinson and Company (US), B. Braun Medical Inc. (US), Hindustan Syringes & Medical Devices Limited, Smiths Medical, and Cardinal Health Inc.

Leading Players operating in the Acne Medicine Market are:

• Gerresheimer AG (Dusseldorf, Germany)
• SCHOTT AG (Mainz, Germany)
• West Pharmaceutical Services Inc. (Pennsylvania, United States)
• Helvoet Rubber & Plastic Technologies BV (Netherlands)
• Nipro PharmaPackaging International (Mechelen, Belgium)
• AptarGroup, Inc. (Illinois, United States)
• Terumo Corporation (Tokyo, Japan)
• Becton Dickinson and Company (US)
• B. Braun Medical Inc. (US)
• Hindustan Syringes & Medical Devices Limited
• Smiths Medical
• Cardinal Health Inc.

SEGMENTATION
By Type
• Blood Collection Syringe
• Ophthalmic Syringe
• Bone Marrow Syringe
• Catheter Syringe
• Others

By Usability
• Disposable
• Reusable

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By End-User
• Hospitals
• Diagnostic Laboratories
• Blood Banks
• Pharmaceutical Industry
• Veterinary Purposes
• Others

By Region
• North America
• Europe
• Asia Pacific
• The Middle East & Africa
• South America

North America to Dominate Owing to Rising Purchasing Power Among Consumers
Due to increased consumer awareness of syringe benefits, rising purchasing power among consumers, better economic conditions, and the presence of a sizable patient pool suffering from numerous chronic diseases, the Asia-Pacific region is currently the largest market for medical syringes.

Furthermore, there is an increased need for syringes in the area as a result of the COVID-19 outbreak. As a result of the pandemic, many people have been admitted to hospitals. In order to treat the symptoms brought on by the virus, these hospital stays are followed by a variety of tests using blood samples and injections of different medications, which is anticipated to further fuel market expansion.

Why Purchase the Report?
• The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
• The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
• Understand the current market scenario and viability of the global market over the forecast period.

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Some of the key questions answered in this report:
• What can we estimate about the anticipated growth rates and also the global medical syringes industry size by 2028?
• What will happen in the coming existing and emerging markets?
• What will the market development pace of market?
• Which are the five top players in medical syringes market?
• How will the medical syringes market change in the upcoming years?

TABLE OF CONTENTS-
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On medical syringes Market
Chapter 5. Global medical syringes Overview, By Disease Type, 2017 - 2030(USD Million)
Chapter 6. Global medical syringes Overview, By Type, 2017 - 2030(USD Million)
---------Continued

Browse Complete TOC- https://www.extrapolate.com/toc/healthcare-medical-devices-biotechnology/medical-syringe-market/21599

Recent Developments:-
● January 2021- The US Food & Drug Administration (USFDA) has given final permission to AuroMedics Pharma LLC to produce and sell Naloxone HCl Injection Prefilled Syringe 2 mg/2 ml.

● April 2021- The introduction of CURACASETM needles was announced by NIPRO EUROPE GROUP COMPANIES. Each CURACASE needle is packaged separately in a small, cleverly designed hard-plastic package that takes up the least amount of room in secondary packaging when by-packed. It is compatible with feeders and automated pick-and-place systems because of its clever design.

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