Syringes and Needles Market size is projected to reach USD 68.78 Billion by 2035, growing at a 8.18% CAGR from 2023 to 2035. In the year 2022, the industry size of syringes and needles was USD 24.9 Billion. The industry growth is attributed to the growing prevalence of chronic disorders, and rising adoption of self-injection parental devices. With the surging chronic condition, the treatment using syringes and needles is performed at home.
In addition to these, there are different types of syringes, and needles that are used for different surgical procedures such as ophthalmic syringes & needles, bone marrow syringes & needles, catheter syringes & needles, and others. It is important to choose the right needles and syringes that must be according to the volume of medication, injection site, and viscosity. Hence, the increase in the number of surgical procedures is surging the demand for syringes, and needles.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
8.1% |
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Base Year Market Size (2022) |
USD 24.9 Billion |
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Forecast Year Market Size (2035) |
USD 68.7 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Product (Syringes, Needles)
By the end of 2035, the syringes and needles market from syringes segment is anticipated to garner the largest revenue of USD 39,236.7 Million. Syringes segmented is further expected to grow at the fastest CAGR of 8.4% during the forecast period. Syringes minimize the possibility of virus transmission from patient to patient, and are primarily used for medicine administration using specialized and general-purpose approaches. Hazardous injecting practices result in around 33,800 HIV infections, 315,000 hepatitis C transmissions, and 1.7 million hepatitis B infections each year.
Usability (Disposable, Reusable)
The syringes and needles market from disposable segment is expected to grow at the fastest CAGR of 8.6% during the upcoming years. In veterinary and medical research, disposable plastic syringes are used. Disposable syringes are rapidly replacing traditional glass syringes because they are more frequently available in sterilized condition and are less expensive. Conventional syringes and pre-filled syringes are some of the types of disposable syringes. The demand for prefilled syringes is growing as a result of rising self-injection device demand in developed economies. Sterilization and safety are the two key benefits of using a disposable syringe among others.
Our in-depth analysis of the syringes and needles market includes the following segments:
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Product |
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Usability |
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Patient Group |
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Type |
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By Application |
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By End User |
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North American Market Statistics
The North American syringes and needles market is projected to hold the largest market share and accounting for USD 22,906.4 million by the end of 2035. North America is anticipated to dominate in terms of market size, led by growth in demand for syringes, and needles in the region. In North America, the increasing availability of advanced and proactive healthcare services and insurance plans is expanding the market for syringes and needle supplies. Several variables, notably a high rate of medical inflation, lead to the United States having much greater medical costs than other North American countries. Expatriates, on the other hand, have a range of insurance options, and the American healthcare system is superior to that of other North American regions. Furthermore, an increasing number of innovations in the product portfolio in the region. For instance, Cardinal Health has issued a voluntary recall for certain Monoject Flush prefilled saline syringes (0.9% sodium chloride) intended for flushing appropriate intravenous tubing systems and indwelling intravascular access devices.
European Market Forecast
The syringes and needles market market in the Europe region is predicted to hold the second largest share of USD 21.3 Billion by 2035. The increasing awareness among healthcare providers related to the use of safety syringes, and needles. By obscuring the needle before and after use, safety syringes are designed to prevent needlestick injuries. There are numerous advantages to utilizing a safety hypodermic. It can aid in the prevention of needlestick injuries.
Author Credits: Radhika Gupta, Shivam Bhutani
Ans: Growing prevalence of chronic disorders and the rising adoption of self-injection parental devices across the globe are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of 8.18% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are Cardinal Health, Allison Medical, Inc., B. Braun SE, Argon Medical Devices, and other major players.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product, usability, patient group, type, application, end user, and by region.
Ans: The disposable is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: Growing risk of needle stick injuries, increasing adoption of alternative drug delivery technologies are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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