Dublin, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The "Global Syringes & Needles Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The global syringes & needles market is experiencing robust growth, with a projected CAGR of 7.93% from 2023 to 2029. The market, valued at $29.85 billion in 2023, is expected to reach $47.20 billion by 2029. Several key factors are driving this growth, while the market is also influenced by regional dynamics and market segmentation.
Market Highlights:
- Growing Demand: The demand for syringes & needles is rising due to factors such as an increasing geriatric population, greater consumer awareness, a high prevalence of chronic diseases, and the growing adoption of syringes and needles for conditions like diabetes.
- Regional Distribution: In 2023, North America held a significant revenue share of 30.68%, making it the largest market, followed by Europe (28.45%), APAC (26.00%), Latin America (9.74%), and the Middle East and Africa (5.13%) in the global syringes & needles market.
- Product Type: Syringes accounted for the highest share of 66.89% in 2023 and are projected to grow at a CAGR of 8.16% during the forecast period. The demand for prefilled syringes, increasing chronic diseases, and greater awareness of their usage are driving this segment's growth.
- End-User Segment: Hospitals accounted for the highest share of 57.77% in 2023 and are projected to grow at a CAGR of 8.36% during the forecast period. This dominance is attributed to the rising prevalence of chronic diseases, an aging population, and an increase in surgeries worldwide.
- Patient Group: In terms of patient groups, adults accounted for the highest share of 69.25% in 2023 and are projected to grow at a CAGR of 8.17% during the forecast period. This dominance is driven by the increasing geriatric population, a higher prevalence of chronic diseases, and a rise in surgeries and injuries among adults.
Key Players:
Leading players dominating the global syringes & needles market include BD, Cardinal Health, B Braun, Nipro, and Terumo Corp. These major players focus on strategic acquisitions and collaborations with emerging players to gain access to commercially launched products in the market.
Market Segmentation:
- Product Type:
- Syringes (Disposable, Sterilizable)
- Needles
- End-User Type:
- Hospitals
- Clinics
- Home Healthcare Settings
- Others
- Patient Group:
- Adults
- Pediatrics
Market Structure:
The report provides insights into market dynamics, the competitive landscape, key vendors, and other prominent players in the syringes & needles market.
Appendix:
The report includes details about the research methodology and abbreviations used in the study.
Vendor List:
A comprehensive list of key vendors and other prominent players in the syringes & needles market, including:
- BD
- B Braun
- HMD Healthcare
- Nipro Medical
- Terumo
- Cardinal Healthcare
- Asahi Polyslider
- Cartel Healthcare
- Changzhou Mingle Medical Equipment
- Misawa Medical Industry Co., Ltd
- Fanmei Medical
- Henke Sass Wolf
- HI-TECH Medics
- Iscon Surgicals Ltd
- Kanghua Medical
- Kangjin
- Lepu Medical
- Lifelong Medtech
- M Devices
- Metier Medical
- Numedico Technologies
- ADVACARE
- ALLISION MEDICALS
- ARGON MEDICAL DEVICES
- ASPEN SURGICAL
- ATS LIFE SCIENCES
- Baxter
- CODAN
- CREDENCE MEDSYSTEMS
- DALI MEDICAL DEVICES
- DE ROYAL
- EXELINT
- GERREISHEIME
- VYGON SA
- INTERNATIONAL MEDSURG
- MEDTRONIC
- MHC MEDICAL
- NEMERA
- NOVO NORDISK
- TELEFLEX
- RETRACTABLE TECHNOLOGIES
- SCHOTT Pharma
- SHL Medical
- VITA NEEDLE COMPANY
- WEST Pharmaceuticals
- ICU Medical
- Artasana SPA
- APEXMED
- CONMED
- CONNECTICUT HYPODERMICS
- CATALENT Biologics
- Delta Med
- Hamilton Company
- Merit Medical Systems
- UltiMed
- YpsoMed
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 133 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $29.85 Billion |
| Forecasted Market Value (USD) by 2029 | $47.2 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Key Topics Covered:
1: Syringes & Needles Market Overview
2: Syringes & Needles Market
3: Syringes & Needles Market Segmentation Data
4: Key Regions Overview
5: Syringes & Needles Market Prospects & Opportunities
6: Syringes & Needles Industry Overview
7: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/t6124b
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