Product Code: RP-ID-10080068 |
Published Date: 21 Mar 2025 |
Region: Global |
Category: Healthcare & Pharmaceuticals |
Report ID: 10080068
Market Overview:
Syringes and Needles Market Analysis by Type {Syringes (Sterilisable/Reusable Syringes, and Disposable Syringes) and Needles(Hypodermic, Intravenous, Intramuscular, and Others)}; by Applications {Syringes (Insulin administration, Botox, Osteoarthritis, Human Growth Hormone, and Others) and Needles (Blood Collection, Ophthalmic Procedures, Dental, and Others)}; and by End-User (Home Care, Hospitals & Clinics, and Diagnostic Centres)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Syringes and Needles Market Scope Report
|
Base Year |
2022 |
|
Forecast Year |
2023-2033 |
|
CAGR |
~7% |
|
Base Year Market Size(2022) |
~USD 10 Billion |
|
Forecast Year Market Size(2023) |
~USD 17 Billion |
Global Syringes and Needles Market Highlights Over 2023 - 2033
The global syringes and needles market is estimated to garner a revenue of USD 17 billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 10 billion in the year 2022. The growth of the market can be attributed to rising cases of chronic and infectious diseases. As per the World Health Organization non-communicable diseases now make up 7 of the world’s top 10 causes of death.
GET A SAMPLE COPY OF THIS REPORT
Syringes and needles are tools used to inject drugs into or remove fluid from the body. A syringe is a calibrated glass or plastic cylinder with an opening that connects to a needle and a plunger at one end. The needle is a metal tube that is hollow and has a pointy tip. Furthermore, Syringes and needles should be kept in proper containers because they are typically sterile materials. Prior to utilising them, caution should be used. As per the estimates of World Health Organization 40% of the 16 billion injections were given with re-used injection equipment, leading to 21 million new HBV cases.
Global Syringes and Needles Market: Growth Drivers and Challenges
Growth Drivers
-
Increasing Usage of Injectable Drugs- Approximately 13 Million people use injectable drugs worldwide.
-
Growing Technological Innovations by Medical Firms- Approximately around 60 -80% of health systems intend to increase their investment in digital healthcare over the next few years.
-
Rising Adoption of Safety Syringes – According to The World Health Organization, the Safe Injection Global Network (SIGN) and other key international health player’s substantial efforts to address unsafe injection practices have been made since 2000.
-
Increasing Number of Surgeries Worldwide – Approximately 300 Million surgeries are performed worldwide annually.
-
Surge in Geriatric Population- According to The World Health Organization The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.
Challenges
-
Increasing Risk of Needle-Stick Injuries
-
Rising Risks of Infection
-
Surge in Number of Alternative Drug Delivery Methods
The syringes and needles market is segmented and analyzed for demand and supply by application into syringes and needles. Syringes segment is further segmented into insulin administration, botox, osteoarthritis, human growth hormone and others, and needles segment is sub-segmented into blood collection, ophthalmic procedures, dental, and others. Out of these, insulin administration is expected to hold the largest share over the forecast period in the global syringes and needles market. This can be attributed to the increase in incidence of diabetes globally. Furthermore, when the body isn't making or using insulin correctly, the affected individual administers man-made insulin to help control their blood sugar. More than 30% of diabetic individuals use insulin as a treatment.
Global Syringes and Needles Market Regional Synopsis
Regionally, the global syringes and needles market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. This can be attributed to the increasing incidence of heart conditions and diabetes. As per the data cardiovascular disease is the main factor that is the leading cause of death in the United States.
Market Segmentation
Our in-depth analysis of the global syringes and needles market includes the following segments:
|
By End User |
|
|
By Application |
|
|
By Type |
|
Key Companies Dominating the Global Syringes and Needles Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global syringes and needles market that are included in our report are Becton, Dickinson and Company, Terumo Corporation, Medtronic plc, Smiths Medical, Inc., B. Braun Medical Inc., NIPRO Corporation, Hindustan Syringes & Medical Devices Ltd, Gerresheimer AG, SCHOTT AG, CODAN (CODAN Medizinische Geräte GmbH & Co KG), and others.
Global Syringes and Needles Market: Latest Developments
-
October, 2019: B. Braun Medical Inc. announced integration with STANLEY Healthcare to help improve patient safety, optimize asset utilization, and increase staff efficiency.
-
July, 2022: Gerresheimer AG collaborated with Stevanato Group for creation of a cutting edge ready-to-use vial platform for the pharmaceutical sector.
Key Reasons to Buy Our Report
-
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
-
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
-
The report includes detailed company profiles of the major players dominating the market.
-
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
-
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
- Becton, Dickinson and Company
- Terumo Corporation
- Medtronic plc
- Smiths Medical Inc.
- B. Braun Medical Inc.
- NIPRO Corporation
- Hindustan Syringes & Medical Devices Ltd
- Gerresheimer AG
- SCHOTT AG
- CODAN (CODAN Medizinische Geräte GmbH & Co KG)
Related Reports
Proof of Quality & Reliability
