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Syringes Market 2023-2028: Size, Trends, Industry Growth, Analysis and Forecast

05-01-2023 02:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Syringes Market 2023-2028: Size, Trends, Industry Growth,

According to the latest report by IMARC Group, "Global Syringes Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", the global syringes market size reached US$ 18.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.

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A syringe is a medical device used to withdraw fluids from the body or cavities and inject medication intravenously (IV) or intramuscularly into the bloodstream. It comprises a needle attached to a hollow cylinder fitted with a sliding plunger in which the upward movement of the plunger withdraws fluid, and the downward movement of the plunger injects fluid. It also helps to handle numerous medical conditions, such as infertility, psoriasis, allergies, arthritis, cancer, migraines, human immunodeficiency virus (HIV), multiple sclerosis, diabetes, and hepatitis. It is available in various shapes and sizes, including general, specialized, and disposable syringes. As a result, syringes are widely utilized across research laboratories, drug manufacturing, clinical research laboratories, and hospitals.

Market Trends:

The market is primarily driven by the recent outbreak of the coronavirus disease (COVID-19) pandemic, as governments of numerous countries are promoting fast and safe vaccination to reduce contamination. In addition, the growing prevalence of chronic diseases, such as diabetes, autoimmune diseases, and hospital-acquired infection (HAI), is escalating the demand for disposable syringes that are ready-to-use and cost-effective. Moreover, the increasing number of people undergoing surgical procedures is escalating the usage of single-use syringes to provide anesthetics.

This, coupled with various initiatives undertaken by heartcare agencies, such as installing sharp containers in public places to manage the increased number of used syringes and facilitate safe injection practices, is providing a positive thrust to the market growth. Furthermore, manufacturers are adopting advanced manufacturing processes and quality assurance procedures to develop syringes with superior precision and accuracy, which is also creating a positive market outlook across the globe.

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Syringes Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global syringes market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Hindustan Syringes & Medical Devices Ltd., Nipro Corporation, Pfizer Inc., Retractable Technologies Inc., B. Braun Melsungen AG, Baxter International Inc., Becton Dickinson and Company, Cardinal Health Inc., Gerresheimer AG, Schott AG, Smiths Group plc, Terumo Corporation and Thomas Scientific LLC.

Key Market Segmentation:

The report has segmented the global syringes market based on product, material, usage, distribution channel, end user and region.

Breakup by Product:
• General Syringes
• Specialized Syringes
o Insulin Syringes
o Tuberculin Syringes
o Allergy Syringes
• Others

Breakup by Material:
• Glass Syringes
• Polymer Syringes

Breakup by Usage:
• Disposable Syringes
o Conventional Syringes
o Safety Syringes
o Prefilled Syringes
• Reusable Syringes

Breakup by Distribution Channel:
• Offline
• Online

Breakup by End User:
• Hospitals and Clinics
• Diagnostic Centers
• Speciality Centers
• Others

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=5665&flag=C

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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