Syringes Industry Data Book - Prefilled Syringes, Disposable Syringes, Dental and Micro Syringes Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030
The global Syringes Industry was valued at USD 43.98 billion in 2022 and is anticipated to increase at a significant CAGR of 9.02% from 2023 to 2030.
Grand View Research’s syringes industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Micro Syringes Market Insights
The global micro syringes market size was estimated at USD 219.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. The market is expanding as a result of the rise in both the volume and number of life science research projects. Preclinical research, clinical trials, and drug observations are expected to boost the market growth as pharmaceutical and biomedical businesses strengthen their efforts to manufacture effective medicines. Due to the medical device sector's intensive research efforts to generate novel treatments, there is an increasing need for micro syringes. In addition, commercial expansion is encouraged by government financing for primary and basic research.
The existence of significant players in this sector is anticipated to produce profitable market expansion. Agilent Technologies Inc. has partnered with Akoya Biosciences in January 2023 to promote the development of Multiplex Tissue Assays for Biopharma applications. The new assays will speed up the progression of research findings to clinical testing and assist scientists and healthcare providers in fulfilling patient selection criteria for novel treatments in the U.S. Agilent intends to set aside USD 22 million for the growth of its Newport facility. COVID-19 has further underscored the significance of accurate and efficient liquid handling in vaccine development and testing, driving up the demand for micro syringes.
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Disposable Syringes Market Insights
The global disposable syringes market size was estimated at USD 14.19 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The market is primarily driven by factors, such as an increase in technological advancements and a rise in the incidence of chronic diseases. Moreover, the increasing adoption of safety syringes and the rising prevalence of diabetes drive market growth. Leading manufacturers focus on technological innovations, an increase in technological advancements, and the development of advanced products to gain substantial market shares, propelling its growth. The increasing prevalence of chronic disorders, such as diabetes, can be managed by self-injecting medication.
The rising cases of chronic diseases and an increasing number of vaccinations that make extensive use of syringes, such as single-use and disposable syringes, are enhancing global market growth. According to the International Diabetes Federation (IDF) Diabetics Atlas, the diabetic population is anticipated to grow by 46.0% reaching 643 million (1 in 9 adults) by 2030, and likely to majorly rise in middle-income countries, as compared to the developed countries. The adoption and development of disposable medical supplies for the prevention of infections during hospital operations is another key factor driving the market growth.
Go through the table of content of Syringes Industry Data Book to get a better understanding of the Coverage and scope of the study
Syringes Industry Data Book Competitive Landscape
Market players in the syringe market undertake several organic and in-organic growth strategies in order to strengthen their product portfolios and offer diverse technologically advanced and innovative products to their customers. These strategies are prominently adopted by companies to attract more customers in the market
Key players operating in the Syringes Industry are:
- Nipro Corporation
- Medtronic
- Baxter International, Inc.
- Braun Melsungen AG
- Dentsply Sirona
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