Syringes and Needles Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3672
Syringes and Needles Market size is projected to experience significant growth from 2019 to 2025.
Increasing incidence of chronic diseases will majorly contribute to syringes and needles business growth in the estimation period. As per the World Health Organization (WHO), with more than 3.7 million new cases and 1.9 million deaths each year, cancer represents the second most important cause of death and morbidity in the Europe. Thus, with growing prevalence of chronic ailments, the demand for syringes and needles for drug delivery and therapy will boost in the upcoming years.
Technological advancements in syringes will stimulate the syringes and needles market growth during the forecast years. Several developments have been made in syringes and needles to eliminate needlestick injuries and transmission of infections. Also, the latest advanced syringes including the Enject Safety Syringe offers enhanced safety and is compliant with the regulations. Such innovations including prefilled syringes, needleless syringes and pen needles will impel the global syringes and needles business growth.
However, risk of infections may restrain syringes and needles business growth in the upcoming period.
Disposable syringes and needles segment will foresee significant growth during the forecast years. Disposable syringes and needles pose the least threat of infection transmission. Superior safety and effectivity and convenience offered by disposable syringes and needles will escalate the customer preference for the product. In addition, disposable syringes and needles are affordable, thus increasing its demand over the coming years.
Biopsy syringes and needles market will progress at momentous rate owing to growing incidence of diseases such as cancer and rare blood disorders. Stringent requirement of high quality and standard to limit infection transmission will augment the segmental growth. Growing burden of breast cancer, especially in developed regions will further impact biopsy syringes and needles market growth in the forthcoming years.
Clinics segment is estimated to foresee lucrative growth over the forecast years. Increasing procedure preference in clinics due to better convenience to patients will increase the demand for syringes and needles in these facilities. Expanding number of clinics along with growing number of skilled physicians in emerging markets will further drive the segmental growth.
The U.S. syringes and needles market is projected to witness momentous growth due to rising incidence of chronic diseases, growing number of surgeries coupled with increasing hospital admissions. According to the National Center for Chronic Disease Prevention and Health Promotion, about six among ten adults are affected by a chronic disease in the U.S. In addition, growing investment in drug discovery research will accelerate the adoption of syringes and needles for efficient drug delivery and therapy, thereby expanding the U.S. syringes and needles industry growth.
Germany syringes and needles market is forecasted to witness substantial growth over the coming years. High adoption of technologically advanced products coupled with sophisticated infrastructure will boost the product demand in the country. Furthermore, growing incidence of cancer, blood disorders, gastrointestinal disorders and other diseases will spur the adoption of syringes and needles in Germany over the projection timeframe.
Some of the major industry players in the global syringes market include B. Braun Medical Inc., C.R. Bard (Becton Dickinson), Cardinal Health Inc. and Covidien Plc among the other market players. These players are focusing on advancement in products to develop superior products, expanding their customer base.
Syringes and Needles Market By Type, 2014-2025 (USD Million)
Syringes and Needles Market By Application, 2014-2025 (USD Million)
- Drug Delivery
- Blood collection
Syringes and Needles Market By End-use, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- New Zealand
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Albert David Ltd
- B. Braun Medical Inc.
- C.R. Bard (Becton Dickinson)
- Cardinal Health Inc.
- Covidien Plc
- Fisher Scientific
- Smiths Medical
- Terumo Corporation
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