Syringes Market Size

Syringes Market Size

The global syringes market size was valued at USD 19.6 billion in 2023 and is estimated to grow at a CAGR of 10.9% from 2024 to 2032. Syringes are medical devices used for injecting or withdrawing fluids. They consist of a barrel to hold liquid, a plunger to control fluid movement, and a needle or nozzle for precise administration.

Syringes come in various types, including conventional, safety, and pre-filled versions, and are crucial for delivering accurate doses of medications like vaccines, insulin, and anesthesia, ensuring safe and controlled drug administration in healthcare settings.
 

The syringe market is experiencing significant growth, driven by the rising prevalence of chronic diseases such as diabetes and cancer, which require consistent drug delivery solutions. For example, according to the International Diabetes Federation's (IDF) 2021 report, approximately 537 million people aged 20-79 were living with diabetes in 2021, a figure expected to reach 643 million by 2030 and nearly 783 million by 2045 globally. This increase in diabetes cases worldwide has led to a higher demand for insulin syringes, essential for daily blood sugar management. Additionally, advancements in cancer treatments and other injectable therapies are fueling the need for specialized syringes that ensure precise dosing and minimize contamination risks.
 

Furthermore, the aging population and the rise in chronic conditions amplify the demand for regular, safe, and user-friendly injection devices, supporting continuous market growth. The trend toward home healthcare also boosts syringe adoption, as patients increasingly seek convenient and cost-effective treatment options outside of clinical settings.