Selbyville, Delaware, Dec. 17, 2024 (GLOBE NEWSWIRE) --
Syringes market size was valued at USD 19.6 billion in 2023, with projections indicating a 10.9% CAGR from 2024 to 2032. Syringes, vital medical devices for fluid injection and withdrawal, consist of a barrel, plunger, and needle or nozzle for precise fluid control.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/12084
Growth in this syringes market is driven by an aging population and an increase in chronic health conditions, which elevate the demand for safe, reliable injection devices. Additionally, the rise in home healthcare adoption supports syringe use as patients seek more convenient and affordable treatment solutions beyond clinical settings.
The syringes market is segmented by preparation into ready-to-use (RTU) and ready-to-sterilize (RTS) syringes. The RTU segment leads the market, with an anticipated 11.1% CAGR, owing to its convenience for healthcare providers and patients. Often prefilled with medication, RTU syringes simplify administration, minimize dosage errors, and reduce contamination risk. Their design promotes compliance, particularly in chronic disease management, and is increasingly favored in home healthcare due to the ease of self-administration.
By application, the syringes market is categorized into small molecules, diagnostics, and biologics, with biologics holding a 54.7% share in 2023. This segment’s strength stems from the growing demand for biologic drugs targeting chronic and autoimmune conditions, which require precise delivery methods. The shift toward personalized medicine further underscores the need for efficient delivery systems, solidifying biologics' market dominance.
In North America, the U.S. leads with a CAGR of 10.6%, driven by advanced healthcare infrastructure, strong R&D efforts, and high demand for medical devices. The U.S. focus on innovation has produced advanced syringe technologies, including safety-engineered and prefilled options that enhance patient safety and treatment effectiveness. Rising chronic diseases and vaccination initiatives further stimulate market growth.
Request for Report Customization @ https://www.gminsights.com/roc/12084
Major players in syringes market 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, SHIOTANI GLASS, Terumo, Weigao Group, and West Pharmaceutical Services among others.
Partial Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates & calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Rising chronic diseases and geriatric population
3.2.1.2 Increasing vaccination initiatives
3.2.1.3 Growing technology advancement focusing on patient safety
3.2.1.4 Rise in biologics and biosimilars research activities
3.2.2 Industry pitfalls & challenges
3.2.2.1 High risk of needlestick injuries
3.2.2.2 Stringent regulatory requirements
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Future market trends
3.6 Porter’s analysis
3.7 PESTEL analysis
Browse more medical supplies industry reports @ https://www.gminsights.com/industry-reports/medical-supplies/82
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
