ID: MRFR/MED/0252-HCR | February 2021 | Region: Global | 105 pages
A syringe is categorized as a pump that consists of a plunger. It was later evolved to add pistons instead of plungers that are fitted onto the barrel, that is, a cylindrical tube. The plungers are destined to be pushed and pulled within the tube; that is the sole mechanism of how the syringe takes in or expels the gas or liquid. The discharge or intake takes place through the discharge of rice that is situated on the front end of the syringe or tube. They are mostly used in diverse medical applications throughout the globe. The hypodermic needle and syringe are sterile devices that are used majorly for injecting solutions or withdrawing some secretions to/from the body.
Today, the syringes are made up of either plastic cylinders or calibrated glass. And, the plunger is attached to the top end, whereas a needle is attached to the bottom end of the tip. Usually, a metal tube with a pointed tip, called a needle, is attached to syringes for carrying out the required purpose. The main purpose of syringes and needles is to administer drugs or injecting of a small number of drugs into a human body. It is mostly recommended when the patient is not able to consume the drug by mouth. Apart from that, the syringe and needle are also preferable for drawing or collecting samples of different blood fluids for the purpose of lab tests and diagnosis. The tissue fluids from joints or blood from the veins are extracted for laboratory tests.
The syringe and needle market report intends to cover the majority of aspects of the global market. It covers the syringe and needle market drivers, regional analysis, challenges, growth potential, and major key players. Apart from that, this report also directs the attention towards market segmentation based on different considerations. The market size of the global syringe and needle market was recorded to be USD 6,400.09 million, as that of 2018. But, with the immense demand amidst the medical fraternity and other applications, the market size is expected to rise in the present forecast years as well.
The predicted syringe and needle market size by the end of 2025 is around USD 10,480.40 million. The growth rate for this global market during these forecast years is a CAGR of 7.3%.
COVID 19 Analysis
The COVID affected the years 2020 and 2021, didn’t much affect the medical supplies sector in anyways. 2020 did put everything on halt, but the life support and medical supplies sector was working with more effort than usual. But, the manufacturing pace was somehow affected, as the workforce was deteriorating over that period.
Right at the beginning of 2021, the surge for vaccines came up the chart. And, the syringe and needle manufacturers across the globe had a big job to do. Therefore, the manufacturing pace was restored, and the industry is now set to thrive in the present and future years to come.
The market dynamics, as per the syringe and needle market overview, are booming in the present years due to diverse driving potential. There is a surge of demand increasing for the manufacturing of needles and syringes. Hence, it is one of the major drivers of this market.
Apart from that, the rapid technological advancements within the 23 gauge needle and syringe drug injecting system are what is also booming this sector to impeccable heights. Moreover, the demand for injectable drugs is increasing rapidly, as it is proven to be a better alternative to oral drugs.
Considering the application perspective, syringes and needles are majorly preferred by clinics and hospitals. They consume a large amount of these syringes and needles every single day. Therefore, the medical sector accounts for over 70.13% of the entire global sales, as recorded in 2019.
Asia-Pacific, US, and Europe were the major consumers of syringes and needles in 2019. And, the application demand has aggregated than before. Therefore, the medical sector around the globe is bringing in opportunities for the global syringe and needle market to grow.
With several market drivers, there are few restraints as well that are holding back the industry from excelling to its highest potential. The use of syringes and needles gives rise to high infection risk. At times, drug administration by syringes and needles react adversely to some patients, which is probably one of the major syringe and needle market restraints.
Apart from that, the increase in needle-stick injuries is also an impactful entity towards the market. The syringe and needle market players are trying to cope up with these restraints and overcome them to correct the loopholes of the market.
The increasing demand for vaccinations in the year 2021 is increasing the demand for manufacturing pace. But, with COVID still holding up in some parts of the world, a full workforce is not available for increased production.
Therefore, the market is suffering from a low manufacturing pace, as a full workforce is not yet available with the key players. The key players are putting up collaborative efforts to overcome market growth challenges.
Based on type segmentation, the global syringe and needle market is classified into different types. These types of syringes and needles explain the diversity of their applications within the medical world.
The classified types include blood collection syringe and needles, bone marrow syringe and needles, ophthalmic syringe and needles, catheter syringe and needles, epidural syringe and needles, dental syringe and needles, and blood collection syringe and needles.
Based on the application segmentation, the global syringe and needle market is classified into diverse applications that include diagnostic, general surgery, orthopedics, respiratory, dental, cardiovascular, and neurology.
These applications are proof that the global syringe and needle market is extending its foot to diverse internal areas within the medical industry. It is because the potential and efficacy of injectable drugs and other applications are inevitable.
Based on the material type classification, the market associated with syringes and needles on a global basis is made upon two base materials. The manufacturers either prefer it to be disposable or reusable.
Reusable syringes are usually expensive than that disposable ones. Therefore, the demand for disposable syringes and needles is higher than that for reusable ones. Both serve different applications within medical operations.
Based on the end-user segmentation, the syringe and needle for sale are manufactured for a diverse target audience. These audiences promote the application of syringes and needles to help the market boom on a larger level.
The end-users for the global syringe and needle market are diagnostic centers, home care, and hospitals & clinics. They are responsible for holding up a high amount of sales for the entire global market.
Based on the regional segmentation, the market is widely spread across various regions of the world. The outreach of the syringes and needles market is growing wider over time. The regions where it has embarked its position are Asia-Pacific, Europe, North America, and many other parts of the world.
Europe and Asia Pacific are the strongest regions that have recorded high demands and sales for syringes and needles. These regions generated a high syringe and needle market share in the previous forecast period, and the same is expected from it in the present forecast years as well.
The key players for the global syringe and needle market are:
All of the key players are giving their collective collaboration to ensure that the market thrives in years to come. But, Connecticut Hypodermics Inc. is one of the largest syringe manufacturers in the world that has planned and integrated several advancements to make the syringes and needles more proficient. They intend to promote more reusable syringes over time.
The syringe and needle market research report enlightens upon the overall market elaboration of the market. It explains the regional factors, segmentation, market drivers, and other such valuable insight into the industry.
The market segmentation highlights for the global syringe and needle market is as follows:
By Material Type:
By End User:
|Market Size||USD 10,480.40 million|
|Forecast Units||Value (USD Million|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, Usability and End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DeRoyal, Albert David Ltd, B. Braun Melsungen AG, Terumo Corporation, Connecticut Hypodermics Inc., Insulet, Septodont, Medtronic, BD, Schott AG, Cardinal Health, and Smiths Medical|
|Key Market Opportunities||Companies are investing more into research and development in order to develop quality and advance products.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The Syringe and Needle Market is expected to reach a valuation of close to USD 10.5 billion by 2025.
The Syringe and Needle Market is expected to exhibit a strong 7.3% CAGR over the forecast period from 2019 to 2025.
Increasing demand for vaccinations and the growing technological advancements in syringe systems are the major drivers for the Syringe and Needle Market.
The Americas holds the largest share in the Global Syringe and Needle Market.
Leading players in the Syringe and Needle Market include DeRoyal, B. Braun Melsungen AG, and Terumo Corporation, among others.