Syringe Market Size, Share, Price, Growth Report 2027

Syringe Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Syringe Type (Luer Lock Syringes, Glass Syringes, Luer Slip Syringes, and Others), Application (Aesthetics, Human Health, Lab / Industrial, and Others), Usability (Sterilizable/Reusable Syringes and Disposable Syringes), and End User (Hospitals & Clinics, Blood Collection Centers, Diabetic Care Centers, and Others) and Geography

Publication Month : Aug 2020

  • Report Code : TIPRE00003521
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 98
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The syringe market was valued at US$ 12,649.46 million in 2019and is projected to reach US$ 26,859.34 million by 2027; it is expected to grow at a CAGR of 9.8% from 2020to 2027.

A syringe is a piston-like medical instrument that has a significant importance in healthcare. Syringes play a major role in administration of vaccines, nutritional supplements, and medicines. Theyhave a wide range of applicability, from injecting of liquid nutritionals into a feeding tube to conduct vaccination. Syringes can be classified into reusable and disposable. Increasing prevalence of chronic conditions and rising patient population are expected to drive the market growth during the forecast period.

The Syringe Market is categorized into syringe type, application, usability, end use, and region. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the Syringe Market emphasizing on various parameters, such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the globe.

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Syringe Market: Strategic Insights

syringe-market
Market Size Value inUS$ 12,649.46 Million in 2019
Market Size Value byUS$ 26,859.34 Million by 2027
Growth rateCAGR of 9.8% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Lucrative Regions for Syringe Market

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Market Insights

Growing Number of Chronic Diseases and Infectious Diseases

Chronic diseases, such as diabetes, cardiovascular disease, and cancer, are among the primary causes of death in adults. Infectious diseases are also the top causes of death in children and adults. Chronic and infectious diseases need continuous diagnosis using various medical tests,which requires the use of syringes.

According to the World Health Organization estimations, around 16 billion injections are administered every year globally. It has been estimated that chronic diseases would account for almost three-quarters of all deaths worldwide, and that 75% of deaths due to stroke, 71% of deaths due to ischemic heart disease (IHD), and 70% of deaths due to diabetes would occur in developing countries by 2020. Many of these patients are advised regular intravenous administration of insulin, which increases the demand for syringes.

Infectious diseases are the secondtop cause of deaths worldwide and are among the top causes of death in children under age 5. For instance, the Centers for Disease Control and Prevention (CDC) stated that 1.7 million hospital-acquired infections (HAIs) occurred in 2017, and 99,000 associated deaths occur annually in American hospitals. It is estimated that nearly 32.0% of HAIs are urinary tract infections (UTIs), 22.0% are surgical site infections (SSIs), 15.0% are pneumonia, and 14.0% are bloodstream infections (BSIs).

Growing adoption of injectable drugs for the treatment of chronic and infectious diseases is expected to drive the market growth during the forecast period.

Syringe Type-Based Insights               

Based on syringe type, the syringe market is segmented into luer lock syringes, glass syringes, luer slip syringes, and others. In 2019, the luer lock syringes segment accounted for the highest share of the market. Growth of this segment is attributed to increasing adoption of luer lock syringes due to ease of administration and rising patient pool across the globe. However, the glass syringes segment is likely to register highest CAGR Syringe Market during the forecast period.

Global Syringe Market, by Syringe Type– 2019& 2027

Global Syringe Market, by Syringe Type– 2019& 2027
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Application-BasedInsights

In terms of application, the Syringe Market is segmented into aesthetics, human health, lab/industrial, and others. The human health segment held the largest share of the market in 2019, whereas the aesthetic segment is estimated to register the highest CAGR of 10.8% during the forecast period.

Distribution Channel-Based Insights

Based on usability, the sSyringe Market is categorized into sterilizable/reusable syringes anddisposable syringes. The disposable syringes segment held the largest share of the market in 2019, and it is estimated to register the highest CAGR of 10.0% during the forecast period.                     

Product launches and expansionare commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand.

The market players operating in the syringe market adopted the strategy of product innovation to cater to changing customer demand across the world, which also permits the players to maintain their brand name globally.

By Syringe Type

  • Luer Lock Syringes
  • Glass Syringes
  • Luer Slip Syringes
  • Others

By Application

  • Aesthetics        
  • Human Health
  • Lab/Industrial
  • Others

By Usability

  • Sterilizable/Reusable Syringes
  • Disposable Syringes

By End Use

  • Hospitals & Clinics
  • Blood Collection Centers
  • Diabetic Care Centers
  • Others

By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
  • Asia Pacific(APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
  • South America (SAM)

    • Brazil
    • Argentina

Company Profiles

  • BD
  • Baxter International Inc.
  • Terumo Corporation
  • Vita Needle Company
  • Cardinal Health Inc.
  • Nipro
  • RETRACTABLE TECHNOLOGIES, INC.
  • B. Braun Melsungen AG
  • AIR-TITE PRODUCTS CO., INC.
  • HENKE-SASS, WOLF
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Syringe Type , Application , Usability , and End User and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, Egypt, France, Germany, India, Italy, Japan, Mexico, Morocco, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, Turkey, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Who are the major players in the Syringe market?

The Syringe market majorly consists of the players such as BD, Baxter International Inc., Terumo Corporation, Vita Needle Company, Cardinal Health Inc., Nipro, RETRACTABLE TECHNOLOGIES, INC., B. Braun Melsungen AG, AIR-TITE PRODUCTS CO., INC., and HENKE-SASS, WOLF are among others.

What are the driving factors for the Syringe market across the globe?

The factors that are driving growth of the market are growing number of chronic diseases and infectious diseases and increased adoption of injectable drugs are expected to boost the growth of the global Syringe market.

What is Syringe?

A syringe is a piston-like medical instrument that has a significant importance in healthcare. Syringes play a major role in administration of vaccines, nutritional supplements, and medicines. The product has wide range of applicability, from injecting of liquid nutritionals into a feeding tube to conduct vaccination. Syringes can be classified into reusable and disposables. Increasing prevalence of chronic conditions and rising patient population is prominently expected to drive the market growth during the forecast period.

The List of Companies - Syringe Market

  1. Becton, Dickinson and Company (U.S.),
  2. Baxter International Inc.
  3. Terumo Corporation
  4. Vita Needle Company
  5. Cardinal Health Inc
  6. Nipro
  7. RETRACTABLE TECHNOLOGIES, INC.
  8. B. Braun Medical Inc.
  9. AIR-TITE PRODUCTS CO., INC.
  10. HENKE-SASS, WOLF

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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