Worldwide Syringe Industry to 2027 - Expanding Injectables Market Presents Opportunities

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Feb 19, 2021, 07:00 ET

DUBLIN, Feb. 19, 2021 /PRNewswire/ -- The "Syringe Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Syringe Type, Application, Usability, and End User and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the global syringe market is expected to reach $26,859.34 million by 2027 from $12,649.46 million in 2019. The market is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.

Based on syringe type, the market is segmented into luer lock syringes, glass syringes, luer slip syringes, and others. In 2019, the glass syringes segment held the largest share of the market. The segment is expected to grow at the fastest CAGR during the forecast period. This segment is likely to witness a lucrative growth owing to low mechanical tolerance, and smooth movement of the plunger. Furthermore, properties of glass, such as nonreactive nature and heat and chemical resistance, are contributing to the growth of this segment. Moreover, glass syringes are highly compatible with various drug filing devices and are easy to manufacture, which makes them the most preferred syringes in market. In March 2019, Gerresheimer AG launched metal free 1 ml long Luer lock Gx RTF glass syringes to deliver highly complex, protein-based bioengineered molecules.

In the last few years, the health care sector has witnessed SARS, H1N1 and other outbreaks. However, the severity of the coronavirus makes the situation more complex. Additionally, with no vaccine in market and only preventive measure to self-isolation is hitting the various industries including Syringe manufacturing in the region. The US and Canada have witnessed spike in cases in just few days, which has compelled the governments to shut down all the business in order to prevent the spread of the virus.. As of July 2020, in the US, more than 5.0 million confirmed corona cases were recorded and more than 160 thousands deaths were reported due to COVID-19 Pandemic. The syringe market is expected to be hit by the pandemic the most due to increasing number of cases and lockdown in most of the cities.

Becton, Dickinson and Company ; Baxter International Inc.; Terumo Corporation; Vita Needle Company; Cardinal Health Inc.; NIPRO; RETRACTABLE TECHNOLOGIES, INC.; B. Braun Medical Inc.; AIR-TITE PRODUCTS CO., INC.; and HENKE-SASS, WOLF Ltd., are among the leading companies operating in the syringes market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Syringe market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global Syringe market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Key Topics Covered:

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Syringes Market - By Syringes Type
1.3.2 Global Syringes Market - By Application
1.3.3 Global Syringes Market - By Usability
1.3.4 Global Syringes Market - By End User
1.3.5 Global Syringes Market - By Geography

2. Syringes Market - Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Global Syringes Market- Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific - PEST Analysis
4.2.4 Middle East and Africa (MEA) - PEST Analysis
4.2.5 South and Central America (SCAM) - PEST Analysis
4.3 Expert Opinions

5. Syringes Market- Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Number of Chronic Diseases and Infectious Diseases
5.1.2 Increased Adoption of Injectable Drugs
5.2 Key Market Restraints
5.2.1 Growing Cases of Needle-stick Injuries
5.3 Key Market Opportunities
5.3.1 Expanding Injectables Market
5.4 Future Trends
5.4.1 Growing Trend Toward Prefillable Syringe Systems
5.5 Impact Analysis

6. Syringes Market - Global Analysis
6.1 Global Syringes Market Revenue Forecast And Analysis
6.2 Global Syringes Market, By Geography - Forecast And Analysis
6.3 Market Positioning of Key Players

7. Syringes Market Analysis - By Syringe Type
7.1 Overview
7.2 Syringes Market Revenue Share, by Syringes Type (2019 and 2027)
7.3 Luer Lock Syringes
7.3.1 Overview
7.3.2 Luer Lock Syringes: Syringes Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Glass Syringes
7.4.1 Overview
7.4.2 Glass Syringes: Syringes Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Luer Slip Syringes
7.5.1 Overview
7.5.2 Luer Slip Syringe: Syringes Market - Revenue and Forecast to 2027 (US$ Million)
7.6 Other
7.6.1 Other Syringe Type: Syringes Market - Revenue and Forecast to 2027 (US$ Million)

8. Syringes Market Analysis - By Application
8.1 Overview
8.2 Syringes Market Revenue Share, by Application (2019 and 2027)
8.3 Aesthetics
8.3.1 Overview
8.3.2 Aesthetics: Syringes Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Human Health
8.4.1 Overview
8.4.2 Human Health: Syringes Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Lab/Industrial Applications
8.5.1 Overview
8.5.2 Lab/Industrial Applications: Syringes Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Other Applications
8.6.1 Overview
8.6.2 Other Applications: Syringes Market - Revenue and Forecast to 2027 (US$ Million)

9. Syringes Market Analysis - By Usability
9.1 Overview
9.2 Syringes Market Share, by End User, 2019 and 2027, (%)
9.3 Sterilizable/Reusable Syringes
9.3.1 Overview
9.3.2 Sterilizable/Reusable Syringe: Syringes Market - Revenue and Forecast to 2027 (US$ Million)
9.4 Disposable Syringes
9.4.1 Overview
9.4.2 Disposable Syringe : Syringes Market - Revenue and Forecast to 2027 (US$ Million)

10. Syringes Market Analysis - By End User
10.1 Overview
10.2 Syringes Market Share, by End User, 2019 and 2027, (%)
10.3 Hospital and Clinics
10.3.1 Overview
10.3.2 Hospital and Clinics Segment : Syringes Market - Revenue and Forecast to 2027 (US$ Million)
10.4 Blood Collection Centres
10.4.1 Overview
10.4.2 Blood Collection Centres : Syringes Market - Revenue and Forecast to 2027 (US$ Million)
10.5 Diabetic Care Centres
10.5.1 Overview
10.5.2 Diabetic Care Centres : Syringes Market - Revenue and Forecast to 2027 (US$ Million)
10.6 Other End User
10.6.1 Overview
10.6.2 Other End Use Segments : Syringes Market - Revenue and Forecast to 2027 (US$ Million)

11. Syringes Market - Geographic Analysis
11.1 North America: Syringes Market
11.2 Europe: Syringes Market
11.3 Asia Pacific: Syringes Market
11.4 Middle East & Africa: Syringes Market
11.5 South and Central America: Syringes Market

12. Impact of COVID-19 Pandemic on Global Syringes Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Rest of World: Impact Assessment of COVID-19 Pandemic

13. Syringes Market - Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Global Syringes Market, (%)
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview

14. Company Profiles
14.1 BD
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Baxter International Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Terumo Corporation
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Financial Overview
14.3.4 SWOT Analysis
14.3.5 Key Developments
14.4 Vita Needle Company
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Cardinal Health Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Nipro
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 RETRACTABLE TECHNOLOGIES, INC.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 B. Braun Melsungen AG
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 AIR-TITE PRODUCTS CO., INC.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 HENKE-SASS, WOLF
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments

15. Appendix
15.1 About the Publisher
15.2 Glossary of Terms

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

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