Global Syringes & Needles Market - Focused Insights 2024-2029

Global Syringes & Needles Market - Focused Insights 2024-2029
REPORT OVERVIEW

This report offers market size & forecast data for the global syringes & needles market. The revenue generated from the sale of syringes & needles is included in the report. The cost of drugs, vaccines, and other medications are excluded from the scope of the report. This report provides a comprehensive and current market scenario of the global syringes & needles market, including the global syringes & needles market size, anticipated market forecast, relevant market segmentations, and industry trends.

The study considers a detailed scenario of the present global syringes & needles market and its market dynamics for 2024?2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

MARKET DEFINITION

A syringe is a small device that is used to inject medication or draw blood from the body.

A needle is a thin, cylindrical object with a sharp end. It is a medical tool that is used to administer drugs or extract patient samples.

KEY HIGHLIGHTSThe global syringes & needles market was valued at $29.85 billion in 2023 and is expected to reach $47.20 billion by 2029, growing at a CAGR of 7.93%.The demand for syringes & needles is on the rise due to multiple factors: an increasing geriatric population, growing consumer awareness regarding usage, high prevalence of chronic cases, and increasing adoption of syringes and needles in treating diabetes.In 2023, North America accounted for a significant revenue share of 30.68% and was the largest market, followed by Europe (28.45%), APAC (26.00%), Latin America (9.74%), and then Middle-East and Africa (5.13%) in global syringes & needles market.By Product type segmentation, the Syringes segment accounted for the highest share of 66.89% in 2023 and is projected to grow at the CAGR of 8.16% during the forecast period. Factors such as demand for prefilled syringes, the rise in prevalence of chronic diseases, and growing awareness of usage are propelling the growth of the segment.In end-user segmentation, the hospitals segment accounted for the highest share of 57.77% in 2023 and is projected to grow at the CAGR of 8.36% during the forecast period. This dominance can be attributed to the rise in the prevalence of chronic diseases, the increasing geriatric population, and a rise in surgeries across the world.By Patient group, the adults segment accounted for the highest share of 69.25% in 2023 and is projected to grow at the CAGR of 8.17% during the forecast period. The dominance is due to the rise in the geriatric population, the increasing prevalence of chronic diseases, such as diabetes & infectious diseases like HIV infections, rise in the incidence of wounds, injuries, and surgeries in adults are some factors driving the segment growth.BD, Cardinal Health, B Braun, Nipro, and Terumo Corp are some of the leading players currently dominating the global syringes & needles market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the syringes & needles market and gain access to commercially launched products. REPORT HIGHLIGHTS

PRODUCT SEGMENTATION & FORECASTProduct typeSyringes

TypesGeneral SyringesSpecialized SyringesUsageDisposable SyringesSterilizable SyringesNeedles

TypesConventional NeedlesSafety Needles End-user typeHospitals

Clinics

Home Healthcare Settings

OthersPatient GroupAdults

Pediatrics

MARKET STRUCTUREMarket DynamicsCompetitive Landscape of Syringes & Needles MarketKey VendorsOther Prominent VendorsAPPENDIXResearch MethodologyAbbreviationsAbout AriztonVENDORS LISTBDB BraunHMD HealthcareNipro MedicalTerumoCardinal HealthcareAsahi PolysliderCartel Healthcare Changzhou Mingle Medical Equipment Misawa Medical Industry Co., LtdFanmei MedicalHenke Sass WolfHI-TECH MedicsIscon Surgicals LtdKanghua MedicalKangjinLepu MedicalLifelong MedtechM Devices Metier MedicalNumedico TechnologiesADVACAREALLISION MEDICALSARGON MEDICAL DEVICESASPEN SURGICALATS LIFE SCIENCESBaxterCODANCREDENCE MEDSYSTEMSDALI MEDICAL DEVICESDE ROYALEXELINTGERREISHEIMEVYGON SAINTERNATIONAL MEDSURGMEDTRONICMHC MEDICALNEMERANOVO NORDISKTELEFLEXRETRACTABLE TECHNOLOGIESSCHOTT PharmaSHL MedicalVITA NEEDLE COMPANYWEST PharmaceuticalsICU MedicalArtasana SPAAPEXMEDCONMEDCONNECTICUT HYPODERMICSCATALENT BiologicsDelta MedHamilton CompanyMerit Medical SystemsUltiMedYpsoMed