Global Syringes Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Global Syringes Market

Market Overview

In medical industries syringes are very important and play a significant role. It is a medical device which is used to inject or withdraw fluids from the body. Numerous categories of syringes are used by medical experts depending on the situations. The aim behind using syringes is to clean wounds by infusing fluids into body.

Syringes are used for distillation of blood, for vaccination, for infusing of insulin, for governing anesthesia etc. The market of medical disposables holds the revenue of approximately USD 225 billion in 2016 at a CAGR of around 7% over the forecast period i.e. 2016-2024 in which global syringes market accounted for USD 5 billion in 2016 due to increasing number of chronic diseases and so on.

There are certain boosting factors that are propelling the market towards growth such as accelerating prevalence of safety syringes, rising number of accidental infections etc. Few syringes are specific to the purposes they serve for instance; insulin syringes are used by diabetic patients only. However, there are chances for high risk of insanitation etc which curtails the market from growing.

Market Segmentation

On the basis of type

• General Syringes
• Specialized Syringes
• Insulin Syringes
• Tuberculin Syringes
• Allergy Syringes
• Other Syringes.

On the basis of products

• Sterilizable /Reusable Syringes
• Hypodermic Syringes
• Oral Syringes
• Disposable Syringes
• Conventional Syringes
• Safety Syringes
• Retractable Safety Syringes
• Non-Retractable Safety Syringes
• Prefilled Syringes

On the basis of materials

• Glass Syringes
• Plastic Syringes

On the basis of end user

• Hospitals
• Clinics
• Diagnostic Labs
• Home Care

On the basis of region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
• Rest of the World{Market Share (%), Market Size (USD Billion), Product Sales (Units)}

Market Size and Forecast (2016-2024)

The emerging market of disposable medicals reached approximately USD 225 billion in 2016 in which global syringe market will grow from USD 5 billion in 2016 to USD 14 billion in 2024 at a CAGR of 15 % over the forecast period i.e. 2016-2024.

On the basis of products disposable syringes are the dominating market with a CAGR of around 6% over the forecast period i.e. 2016-2024 because disposable syringes are used only once ensuring the safety of patients. On the basis of material, glass syringe is dominating the segment and is expected to reach a value of USD 15 million by 2024 because they can be sterilized and reused.

Region wise North America being the dominating region holds the largest number of share due to technological advancement, increasing number of accidents etc. followed by Europe and Asia Pacific.

Key Trends and Growth Drivers

Certain growth factors that are propelling the market to grow are:

• Increase in number of emergency procedures.
• Rising in awareness of different disease such as HIV, malaria etc.
• Also increase in number of fitness trends by adopting different insulin.

Restraints

• Fear of transmission of infections.
• Low Quality of syringes at some places

Key Players

• Braun Medical, Inc
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

• Becton, Dickinson and Company
• B. Braun Melsungen AG
• Terumo Corporation
• Smiths Medical.
• Terumo Corporation
• Medtronic plc
• Smiths Medical
• SCHOTT AG
• CODAN Medizinische

Scope Background

Market Synopsis

Market Segmentation

The syringes market is segmented as follows:

• By product Basis (Market Size, Demand Analysis and Growth Analysis)
• By type basis (Market Size, Demand Analysis and Growth Analysis)
• By material basis (Market Size, Demand Analysis and Growth Analysis)
• By End User (Market Size, Demand Analysis and Growth Analysis)

Global syringes market report covered insights of below mentioned regions:

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks