Syringes Industry Data Book Covers Prefilled Syringes, Disposable Syringes, Dental and Micro Syringes Markets.
The global Syringes Industry size was estimated at USD 43.98 billion in 2022. The market is expected to expand at a CAGR of 9.02% CAGR (2023-2030).
Dental Syringes Market Growth Trends
The global dental syringes market size is expected to reach USD 10.85 billion by 2026, registering a CAGR of 4.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing product innovationsare expected to drive the market growth. In addition, rising prevalence of dental and oral diseases, such as periodontitis, dental caries, and oral cancer is anticipated to fuel the growth.
Practicon recently introduced new design called Pike Anesthetic Syringe. When retracted, the plunger on this syringe separates the harpoon and the stopper through its modified sleeve. This design avoids the hassle of pulling the rubber stopper completely out of the syringe while changing the cartridges. This makes the product safe as well as efficient. The product is compatible with the regular anesthetic needles and carpules. Such innovations are projected to drive the market growth in the forthcoming years.
Growing population in countries from Asia Pacific, such as China and India is anticipated to create market expansion opportunities in near future. Factors such as a rise in geriatric population and poor dietary habits are expected to increase the prevalence of dental diseases, which in turn is expected to fuel the demand for dental syringes. Rising burden of dental diseases in India is expected to create growth opportunities. According to the Indian Journal of Dental Research, approximately 31,426 males and 34,426 females out of every 100,000 people in India suffer from dental caries. Such high prevalence is expected to boost the product demand, thereby fueling the market growth.
However, the lack of skilled dentists is anticipated to hamper growth of the dental syringes market in near future. Nonetheless, factors such as growing number of professionals, awareness among dental healthcare providers regarding the advantages of using innovative dental syringes is expected to create growth opportunities for the market over the forecast period.
Disposable Syringes Market Growth Trends
The global disposable syringes market size is anticipated to reach USD 22.81 billion by 2030, registering a CAGR of 6.12% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to expand due to the increasing adoption of safety syringes, technological advancements, increasing demand for vaccines along with growing adoption of self-administration of drugs are supporting the market growth of disposable syringes.
The COVID-19 pandemic has resulted in a significant surge in demand for emergency supplies, medical disposables, medicines, and hospital equipment. As a result of COVID-19, there has been an increase in the production of COVID-19 vaccines, resulted in rise in demand for disposable syringes. In January 2020, in the U.S alone, the Biomedical Advanced Research and Development Authority (BARDA) projected that 650 million to 850 million needles and syringes would be required to administer a vaccination. This in turn, positively impacted the market growth and is estimated to continue to be a growth driver. Moving forward, organizations like United Nations Children's Fund (UNICEF) aimed to purchase 1 billion syringes by the end of 2021 for COVID-19 vaccination operations in COVAX Facility nations. The syringes will all be of the auto-disable (AD) type, as permitted by the World Health Organization, notwithstanding the fact that the vaccines secured by the Facility may vary in their composition and storage needs. As a result, market growth is expected to accelerate in the near future.
Access the Global Syringes Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Prefilled Syringes Market Growth Trends
The global prefilled syringes market size is anticipated to reach USD 50.83 billion by 2030, expanding at a CAGR of 11.95% from 2022 to 2030, according to a new report by Grand View Research, Inc. Key factors driving the market expansion include technological advancements in auto-injectors and growing usage of prefilled syringes owing to its reduced prices per dose.
The current COVID-19 outbreak is expected to have a substantial impact on the industry. The pandemic has resulted in a significant surge in demand for emergency supplies, medical disposables, medicines, and hospital equipment. According to American Pharmaceutical Review in December 2021, COVID-19 vaccines are being created at an unprecedented rate in response to the worldwide pandemic. COVID-19 vaccination doses totaled 7.3 billion by November 9, 2021, with approximately 30.3 million doses provided daily.
As a result of COVID-19, there has been an increase in the production of COVID-19 vaccines, resulting in increased demand for prefilled syringes. For instance, in March 2022, Schott announced further investments in its pharma sector, including expanding its capacity in Hungary for prefillable glass syringe production. The increased capacity is likely to benefit the global market and provide greater supply security for major pharmaceutical corporations and contract manufacturing firms. As a result, due to the outbreak of coronavirus infection in 2020, sales of prefilled syringes increased globally.
Furthermore, emergency syringes used to treat some of COVID-19's most significant side effects such as heart damage have historically been scarce. Despite the heightened demand during the outbreak, manufacturers provide various programs that identifies high-quality, protected supply bases for medications that are or could be added to the national drug scarcity list. For instance, in October 2019, Premier Inc. teamed up with Amphastar Pharmaceuticals, Inc. to provide phytonadione injection and emergency, pre-filled syringes of sulphate, dextrose, sodium bicarbonate, epinephrine, atropine, calcium chloride, and lidocaine to healthcare practitioners through its ProvideGx programme. These characteristics are projected to generate lucrative market growth prospects.
Micro Syringes Market Growth Trends
The global micro syringes market size is expected to reach USD 303.7 million by 2027 registering a CAGR of 5.8%, according to a new report by Grand View Research, Inc. The increasing number of research studies and a rising volume of life science research investigations are boosting the market growth. Stringent regulations that have increased the requirement of the chromatography tests in the drugs approvals is also supporting the market growth.
Laboratories have emerged as multipurpose research facilities, in which different types of testing mechanisms, research analogies, and novel developments are being carried out. This has also led to an increase in the demand for laboratory products. Moreover, the trend of research-based studies has been gaining traction over the past decade. This has resulted in the development of new laboratories in academic institutes, thereby boosting the demand for the product.
Research studies innovations are increasing at a high rate to meet the rising demand in industries, such as pharmaceuticals and life sciences. Testing new products at a lab-scale and then transferring to the manufacturing level concludes research in these industries. To meet the increasing demand for laboratory disposables and to enable companies to sustain their growth in the market, investments in RD in the abovementioned industries are increasing.
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Growth Trends
Competitive Landscape
Key players operating in the syringes industry are –
- Nipro Corporation
- Medtronic
- Baxter International, Inc.
- B.Braun Melsungen AG
- Dentsply Sirona
- Integra LifeSciences Corporation
- Agilent Technologies
- Hamilton Company
Grand View Research’s syringes industry databook is a collection of market sizing information forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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