Ubiquitous Need in Healthcare for Diagnostics & Drug Administration Coupled With Development of Smart Injection & Infusion Solutions to Drive Global Demand for Syringes

Ubiquitous need for syringes in healthcare and the ensuing emphasis placed on innovations that optimize safety, efficiency and effectiveness are poised to drive the global market for Syringes to exceed US$23 billion by 2024.

Syringes are medical devices used to inject or extract medication/liquids into or from the body tissues. Rising incidences of chronic diseases continue to necessitate the need for injectable devices, hence generating the demand for syringes. In addition, demographic factors such as an aging population requiring intensive healthcare continue to drive the demand for syringes. Globally, growing concerns over needlestick injuries specifically in care facilities and rising demand from consumers for conventional syringe alternatives drive the demand for safety syringes. Prefilled Syringes are becoming increasingly popular as they are easy-to-use and reduce the risk of cross-contamination. Demand for prefilled syringes is also driven by the rise in production of biologics and biopharmaceuticals. Also contributing to the growth is the rise in drug self-administration among the patient population, and growing preference for home based care amid efforts to control healthcare costs, especially for chronic diseases such as diabetes.

The drive towards better and effective treatment continues to drive advancements in technology and materials in the syringe categories. Design and recommendations for safety syringes have evolved over the years beginning with AD syringes for immunization programs and advancing to syringes with re-use prevention design and sharp injury protection features.   In view of the escalating demand for prefilled syringes, manufacturers are concentrating efforts on adopting advanced technologies, such as with regard to material used and lubrication technology employed to lower extractables and leachables. Several manufacturers are now focused on developing materials that offer better compatibility of prefilled syringes with biologic drugs and also meet the regulatory requirements for visible and subvisible particles, and needle safety. Human factors studies are also playing an important role in influencing the design and manufacture of prefilled syringes to ensure ease of use. Some of the new syringe introductions are primarily focused on ensuring safety, intuitiveness, ergonomics, and ease of use for patients. There is a growing focus on materials that exhibit minimal interaction with sensitive and complex drugs such as biologics and biosimilars 

As stated by the new market research report on Syringes, the United States represents the largest market worldwide. Asia-Pacific is forecast to witness the fastest growth with a CAGR of 9.0% over the analysis period given the rapidly evolving healthcare sector in various countries across the region, implementation of stringent infection control standards, and growing emphasis on offering high quality medical services to patients.

Major players in the market include Abbott Laboratories Inc., 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, and Terumo Corporation among others.

The research report titled "Syringes – Market Analysis, Trends, and Forecasts" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Product segments analyzed include Sterilizable Syringes, Disposable Syringes (Conventional Syringes and Safety Syringes), and Prefilled Syringes Markets.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

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