Syringes And Needles Industry Expected To Experience A Positive Growth Till By - BD, B. Braun SE, Cardinal Health.

DataM Intelligence has released a new research report on the Syringes And Needles market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Syringes and Needles Market reached US$ 8.27 billion in 2023 and is expected to reach US$ 13.59 billion by 2031 growing with a CAGR of 6.4% during the forecast period 2024-2031.

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The Syringes and Needles market encompasses the production and distribution of medical devices used for drug administration, vaccinations, and fluid withdrawal. These essential tools are widely used in hospitals, clinics, and home healthcare settings. The market is driven by increasing demand for vaccines, rising cases of chronic diseases, advancements in drug delivery technology, and the expansion of healthcare services globally. Additionally, innovations in safety features like retractable needles are boosting market growth.

List of the Key Players in the Syringes And Needles Market:

BD, B. Braun SE, Cardinal Health, Terumo Medical Corporation, Gerresheimer AG, Nipro Corporation, SCHOTT Pharma AG & Co. KGaA, Hindustan Syringes & Medical Devices Ltd, ICU Medical, Inc., and Catalent, Inc among others.

Key Developments:

In March 2024, Hindustan Syringes and Medical Devices (HMD), a leading Indian manufacturer of disposable and auto-disable syringes, introduced Dispojekt, a single-use safety syringe designed to minimize needle stick injuries (NSIs) among healthcare workers. NSIs occur when a hollow-bore needle accidentally punctures the skin, potentially exposing workers to bloodborne pathogens like hepatitis B, hepatitis C, and HIV, posing significant health risks.

Earlier, in October 2022, Terumo Pharmaceutical Solutions (TPS) launched the PLAJEX 2.25 mL with Tapered Needle, a polymer syringe designed for the biotech sector. This syringe is ideal for delivering complex biotech drugs, particularly high-volume and high-viscosity formulations such as concentrated monoclonal antibodies.

Research Process:

Both primary and secondary data sources have been used in the global Syringes And Needles Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Syringes And Needles Market:

By Product Type: Blood Collection Syringes & Needles, Ophthalmic Syringes & Needles, Bone Marrow Syringes & Needles, Catheter Syringes & Needles, Dental Syringes & Needles, Spinal Anesthesia Syringes & Needles, Suture Syringes & Needles, Others.

By Usability: Disposable, Reusable.

By Capacity: 1 mL Syringe, 2- 3 mL Syringe, 5 mL Syringe, 10 mL Syringe.

By Age Group: Pediatrics, Adults, Geriatric.

By Application: General Surgery, Respiratory, Orthopedics, Cardiovascular, Dental, Neurology, Ophthalmology, Urology, Others.

By End-User: Hospital & Specialty Clinics, Diagnostic Centers, Homecare Settings, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Syringes And Needles market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Syringes And Needles Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Syringes And Needles market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Syringes And Needles Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Syringes And Needles market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Syringes And Needles market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Syringes And Needles market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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