Dublin, July 22, 2024 (GLOBE NEWSWIRE) -- The "Syringes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Syringes is estimated at US$15.2 Billion in 2023 and is projected to reach US$24.2 Billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Technological advancements and product innovation are another major trend shaping the market`s trajectory. The development of safety syringes with retractable needles to minimize the risk of accidental needlesticks and the spread of infections is gaining traction. Pre-filled syringes have also emerged as a preferred choice due to their convenience, precise dosing, and reduced preparation time, especially for administering vaccines and biologics. The growth of biologic drugs, which require injectable delivery, supports market demand.
Advances in drug formulations are enabling subcutaneous delivery, making at-home treatment feasible for chronic diseases such as autoimmune disorders and certain cancers. This has transformed how pharmaceutical companies approach treatment delivery, encouraging them to decide on the best delivery methods earlier in development.
As a result, development processes are streamlined, reducing both costs and testing time. Additionally, the shift toward more eco-friendly, disposable syringes is gaining importance, as hospitals and clinics seek to minimize the environmental impact of medical waste.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Prefilled Syringes segment, which is expected to reach US$10.6 Billion by 2030 with a CAGR of a 8.4%. The Disposable Safety Syringes segment is also set to grow at 6.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.1 Billion in 2023, and China, forecasted to grow at an impressive 11.4% CAGR to reach $5.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 303 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $15.2 Billion |
| Forecasted Market Value (USD) by 2030 | $24.2 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Syringes - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Global Demand for Vaccinations Drives Syringe Production and Innovation
- Advances in Safety and Sterility Propel Development of Single-use Syringes
- Growth in Chronic Disease Prevalence Necessitates Routine Injection-Based Treatments
- Increasing Use of Biologics and Biosimilars Amplifies Need for Specialized Syringes
- Integration of Smart Technology in Syringes for Dose Accuracy and Patient Compliance
- Expanding Healthcare Infrastructure Globally Supports Syringe Availability
- Shift Towards Self-administration of Medications Enhances Demand for User-friendly Syringes
- Innovations in Needle Technology Improve Patient Comfort and Reduce Needlestick Injuries
- Environmental Concerns and Waste Management Drive Development of Eco-friendly Syringes
- Adoption of Prefilled Syringes in Drug Delivery Systems Expands Market Opportunities
- Rising Healthcare Costs and the Push for Cost-effective Solutions Influence Syringe Pricing
- Enhancements in Syringe Pump Technologies for Hospital and Home Care Settings
FOCUS ON SELECT PLAYERS(Total 101 Featured)
- Abbott Laboratories
- B. Braun Melsungen AG
- Becton, Dickinson and Company
- Cardinal Health
- Kawamoto Corporation
- Medline Industries Inc.
- Merit Medical Systems
- Nipro Medical Corporation
- Retractable Technologies
- Smiths Medical
- Terumo Corporation
For more information about this report visit https://www.researchandmarkets.com/r/bwi0rw
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