Micro Syringes Market size is estimated to surpass USD 700 Million by the end of 2035, growing at a CAGR of 7% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of micro syringes was over USD 300 Million.The uptrend demand for microliter syringes for precise drug delivery will propel the market growth. Micro syringes are used to inject fluids into the patients and draw fluid from their bodies.
Furthermore, with greater emphasis on the bio revolution and the elevated volume of life science research investigations taking place globally, the market for assistive medical tools, including micro syringes is anticipated to expand to back such research and revolution.
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~ 7% |
|
Base Year Market Size (2022) |
~ USD 300 Million |
|
Forecast Year Market Size (2035) |
~ USD 700 Million |
|
Regional Scope |
|
Growth Drivers
Challenges
Needle Type (Fixed, Removable)
The removable sub-segment in the needle type segment is predicted to dominate over 65% market share by the end of 2035. Removable needles are reusable in nature and it is available in different sizes. They are also available in different customizations and different point styles. Owing to all such qualities, they are widely preferred by inexperienced users.
End-User (Biotechnological Laboratories, Biotechnological & Pharmaceutical Industry, Research Institutes, Hospitals)
The laboratories segment with a share of 35% is poised to lead the market of micro syringes by 2035. This is attributed to the increasing laboratory research activities throughout the globe and the increasing usage of micro syringes in laboratories for drawing up and expelling liquids or suspensions facilitating such research works.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
Needle Type |
|
|
End User |
|
North American Market Forecast
The market share of micro syringes in North America is estimated to surpass 35% till 2035. United States with the largest national pharmaceutical market with almost 41% of total global pharmaceutical spending in 2021 is responsible for the fast pace growth of the market in the region.
The increasing collaboration activities between pharma companies and research institutes for the development of novel drugs will also boost the market expansion. The rising investments in R&D in the analytical techniques for the accurate detection of proteins are also responsible for the growing demand for micro syringes in the pharmaceutical sector.
Europe Market Forecast
Europe micro syringes market will be the second largest, registering a share of about 25% by the end of 2035. The advancement in the healthcare and biomedical research sector in the region is boosting the adoption of several advanced technologies in analytical chemistry.
One such technique is the chromatography technique where the micro syringes function primarily as a pipette or liquid-transfer device that loads a sample loop in high-pressure liquid chromatography (HPLC). It analyzes complex biological fluids like blood, plasma, and serum, aiding the development of targeted precision medicines.
Author Credits: Radhika Gupta, Shivam Bhutani
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?