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Syringes Market Trends

  • Report ID: GMI12084
  • Published Date: Nov 2024
  • Report Format: PDF

Syringes Market Trends

Innovations such as safety-engineered syringes with retractable or shielded needles help reduce the risk of needlestick injuries, protecting both healthcare workers and patients. Additionally, features like dose accuracy and enhanced ergonomics ensure precise drug delivery and ease of use, which is especially beneficial for chronic disease management. As healthcare standards increasingly prioritize safety and efficacy, these technological advancements drive global demand for advanced syringes and needles.
 

  • For instance, in June 2021, Hindustan Syringes & Medical Devices (HMD) introduced single-use safety needles in collaboration with U.K.-based Star Syringes. Marketed under the brand name Dispojekt Needle, these needles feature sharps injury prevention capabilities and can attach to standard Dispo Van syringes or KOJAK Auto Disable syringes, which automatically disable after use to prevent reuse and reduce the risk of blood-borne infections. This innovation marked a significant step toward enhancing patient safety and infection control in medical settings, contributing to increased syringe sales.
     

Moreover, high production costs for advanced safety syringes, the risk of infection at the injection site, and stringent regulatory requirements can limit market growth. These factors may hinder affordability and accessibility, particularly in low-income regions where cost-effective solutions are essential. These factors may hinder affordability and accessibility, particularly in low-income regions where cost-effective solutions are essential.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global syringes industry was valued at USD 19.6 billion in 2023 and is estimated to grow at a 10.9% CAGR from 2024 to 2032, driven by the increasing demand for medical devices.

RTU syringes segment dominated the market in 2023 and is anticipated to grow at an 11.1% CAGR over the forecast period due to their convenience and efficiency for healthcare providers and patients.

The U.S. syringes market held a leading position in the North American market in 2023 and is projected to maintain this dominance with a 10.6% CAGR throughout the forecast period, driven by advanced healthcare infrastructure and high demand for medical devices.

Key players in the syringes industry include Becton, Dickinson and Company (BD), Cardinal Health, Corning, Daikyo Seiko, DWK Life Sciences, Gerresheimer AG, ICU Medical, Mitsubishi Gas Chemical Company, Nipro, SCHOTT Pharma (SCHOTT Group), Shandong Province Medicinal Glass, and SHIOTANI GLASS.

Syringes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 310
  • Countries covered: 18
  • Pages: 135
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