North America Dominates the Global Syringes & Needles Market: Hospitals and Adults Lead in Usage

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Oct 17, 2023, 18:15 ET

DUBLIN, Oct. 17, 2023 /PRNewswire/ -- 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 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/am2uog

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