Syringe and Needle Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71910
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The syringe and needle market share is expected to increase by USD 7.83 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.42%.

This syringe and needle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers syringe and needle market segmentation by end-user (hospitals and clinics, home care, and others) and geography (North America, Europe, APAC, South America, and MEA). The syringe and needle market report also offers information on several market vendors, including B. Braun Melsungen AG, Becton Dickinson and Co., Cardinal Health Inc., CODAN Medizinische Gerate GmbH and Co KG, Gerresheimer AG, Hindustan Syringes and Medical Devices Ltd., Nipro Corp., SCHOTT AG, Smiths Group Plc, and Terumo Corp. among others.

What will the Syringe and Needle Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Syringe and Needle Market Size for the Forecast Period and Other Important Statistics

 

Syringe and Needle Market: Key Drivers and Trends

The increasing prevalence of critical care conditions is notably driving the syringe and needle market growth, although factors such as competition from alternative drug delivery systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the syringe and needle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Syringe and Needle Market Driver

The increasing prevalence of critical care conditions is one of the key drivers supporting the syringe and market share growth. As critical health conditions are increasing globally, the demand for enteral feeding products is also rising. For instance, the incidence of neck and head cancer is increasing worldwide. Meanwhile, oral cancer stands as the sixth most common cancer across the world. As oral cancer develops on the tongue, oral mucosa, mouth, and oropharynx, it becomes difficult for them to swallow food. Simultaneously, preterm birth infants and LBW infants are at high risk of infectious diseases, early growth retardation, developmental delay, and death during infancy and childhood where again treatment is necessary for them. Thus, the demand for syringes and needles among the end-users has increased globally.

Key Syringe and Needle Market Challenge

Competition from alternative drug delivery systems may be hinder the syringe and needle market share growth in the coming years. The global syringe and needle market faces intense competition from alternative drug delivery systems such as microneedles, wearable and connected delivery devices, and nanopatches. These drug delivery devices are non-invasive, which are easier to use, provide painless delivery, and ensure the controlled release of the drug. Companies such as Unilife and Becton, Dickinson and Company have already introduced wearable injector devices in the market. These devices are used as an alternative to hand-held instruments such as syringes and needles, particularly when delivering a dosage over pre-programmed periods from minutes to hours.

This syringe and needle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Syringe and Needle Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • B. Braun Melsungen AG
  • Becton Dickinson and Co.
  • Cardinal Health Inc.
  • CODAN Medizinische Gerate GmbH and Co KG
  • Gerresheimer AG
  • Hindustan Syringes and Medical Devices Ltd.
  • Nipro Corp.
  • SCHOTT AG
  • Smiths Group Plc
  • Terumo Corp.

 

This statistical study of the syringe and needle market encompasses successful business strategies deployed by the key vendors. The syringe and needle market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The syringe and needle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Syringe and Needle Market?

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34% of the market’s growth will originate from North America during the forecast period. The US is the key market for the syringe and needle market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The increasing prevalence of chronic diseases, such as diabetes and vaccine-preventable infectious conditions, will facilitate the syringe and needle market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Syringe and Needle Market?

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The syringe and needle market share growth by the hospitals and clinics segment will be significant during the forecast period. With the increasing prevalence of chronic diseases, the demand for syringes and needles has increased globally. Hospitals and clinics account for a major share in the global syringe and needle market. Syringes and needles are most commonly used in hospitals for administering vaccines, anticoagulants, other biologics, and drugs. There is an increased demand for syringe and needle drug delivery from healthcare professionals, owing to its benefits such as ease of administration, accurate dosing, and increased storage time. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the syringe and needle market size and actionable market insights on post COVID-19 impact on each segment.

 

Syringe and Needle Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.42%

Market growth 2022-2026

$ 7.83 billion

Market structure

Fragmented

YoY growth (%)

6.56

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, Germany, France, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

B. Braun Melsungen AG, Becton Dickinson and Co., Cardinal Health Inc., CODAN Medizinische Gerate GmbH and Co KG, Gerresheimer AG, Hindustan Syringes and Medical Devices Ltd., Nipro Corp., SCHOTT AG, Smiths Group Plc, and Terumo Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Syringe and Needle Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive syringe and needle market growth during the next five years
  • Precise estimation of the syringe and needle market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the syringe and needle industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of syringe and needle market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Hospitals and clinics - Market size and forecast 2021-2026
    • Home care - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • B. Braun Melsungen AG
      • Becton Dickinson and Co.
      • Cardinal Health Inc.
      • CODAN Medizinische Gerate GmbH and Co KG
      • Gerresheimer AG
      • Hindustan Syringes and Medical Devices Ltd.
      • Nipro Corp.
      • SCHOTT AG
      • Smiths Group Plc
      • Terumo Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The syringe and needle market growth will increase by $7838.62 million during 2021-2026.
      The syringe and needle market is expected to grow at a CAGR of 7.42% during 2021-2026.
      Technavio has segmented the syringe and needle market by end user (Hospitals and clinics, Home care, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
      B. Braun Melsungen AG, Becton Dickinson and Co., Cardinal Health Inc., CODAN Medizinische Gerate GmbH and Co KG, Gerresheimer AG, Hindustan Syringes and Medical Devices Ltd., Nipro Corp., SCHOTT AG, Smiths Group Plc, Terumo Corp. are a few of the key vendors in the syringe and needle market.
      North America will register the highest growth rate of 33.85% among the other regions. Therefore, the syringe and needle market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the syringe and needle market growth are:
      • Increasing prevalence of critical care conditions
      The syringe and needle market vendors should focus on grabbing business opportunities from the hospitals and clinics segment as it accounted for the largest market share in the base year.
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