North America Dominates the Global Syringes & Needles Market: Hospitals and Adults Lead in Usage

DUBLIN, Oct. 17, 2023 /PRNewswire/ -- The "Global Syringes & Needles Market - Focused Insights 2024-2029" report has been added to  ResearchAndMarkets.com's offering.

The global syringes & needles market is experiencing robust growth, with a projected CAGR of 7.93% from 2023 to 2029. The market, valued at $29.85 billion in 2023, is expected to reach $47.20 billion by 2029. Several key factors are driving this growth, while the market is also influenced by regional dynamics and market segmentation.

Market Highlights:

1. Growing Demand: The demand for syringes & needles is rising due to factors such as an increasing geriatric population, greater consumer awareness, a high prevalence of chronic diseases, and the growing adoption of syringes and needles for conditions like diabetes.
2. Regional Distribution: In 2023, North America held a significant revenue share of 30.68%, making it the largest market, followed by Europe (28.45%), APAC (26.00%), Latin America (9.74%), and the Middle East and Africa (5.13%) in the global syringes & needles market.
3. Product Type: Syringes accounted for the highest share of 66.89% in 2023 and are projected to grow at a CAGR of 8.16% during the forecast period. The demand for prefilled syringes, increasing chronic diseases, and greater awareness of their usage are driving this segment's growth.
4. End-User Segment: Hospitals accounted for the highest share of 57.77% in 2023 and are projected to grow at a CAGR of 8.36% during the forecast period. This dominance is attributed to the rising prevalence of chronic diseases, an aging population, and an increase in surgeries worldwide.
5. Patient Group: In terms of patient groups, adults accounted for the highest share of 69.25% in 2023 and are projected to grow at a CAGR of 8.17% during the forecast period. This dominance is driven by the increasing geriatric population, a higher prevalence of chronic diseases, and a rise in surgeries and injuries among adults.

Key Players:

Leading players dominating the global syringes & needles market include BD, Cardinal Health, B Braun, Nipro, and Terumo Corp. These major players focus on strategic acquisitions and collaborations with emerging players to gain access to commercially launched products in the market.

Market Segmentation:

• Product Type:

  • Syringes (Disposable, Sterilizable)
  • Needles

• End-User Type:

  • Hospitals
  • Clinics
  • Home Healthcare Settings
  • Others

• Patient Group:

  • Adults
  • Pediatrics

Market Structure:

The report provides insights into market dynamics, the competitive landscape, key vendors, and other prominent players in the syringes & needles market.

Appendix:

The report includes details about the research methodology and abbreviations used in the study.

Vendor List:

A comprehensive list of key vendors and other prominent players in the syringes & needles market, including:

• BD
• B Braun
• HMD Healthcare
• Nipro Medical
• Terumo
• Cardinal Healthcare
• Asahi Polyslider
• Cartel Healthcare
• Changzhou Mingle Medical Equipment
• Misawa Medical Industry Co., Ltd
• Fanmei Medical
• Henke Sass Wolf
• HI-TECH Medics
• Iscon Surgicals Ltd
• Kanghua Medical
• Kangjin
• Lepu Medical
• Lifelong Medtech
• M Devices
• Metier Medical
• Numedico Technologies
• ADVACARE
• ALLISION MEDICALS
• ARGON MEDICAL DEVICES
• ASPEN SURGICAL
• ATS LIFE SCIENCES
• Baxter
• CODAN
• CREDENCE MEDSYSTEMS
• DALI MEDICAL DEVICES
• DE ROYAL
• EXELINT
• GERREISHEIME
• VYGON SA
• INTERNATIONAL MEDSURG
• MEDTRONIC
• MHC MEDICAL
• NEMERA
• NOVO NORDISK
• TELEFLEX
• RETRACTABLE TECHNOLOGIES
• SCHOTT Pharma
• SHL Medical
• VITA NEEDLE COMPANY
• WEST Pharmaceuticals
• ICU Medical
• Artasana SPA
• APEXMED
• CONMED
• CONNECTICUT HYPODERMICS
• CATALENT Biologics
• Delta Med
• Hamilton Company
• Merit Medical Systems
• UltiMed
• YpsoMed

Key Topics Covered:

1: Syringes & Needles Market Overview

2: Syringes & Needles Market

3: Syringes & Needles Market Segmentation Data

4: Key Regions Overview

5: Syringes & Needles Market Prospects & Opportunities

6: Syringes & Needles Industry Overview

7: Appendix

For more information about this report visit https://www.researchandmarkets.com/r/am2uog

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