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Venkat Reddy
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Syringes Market - Forecast(2021 - 2026)
Increasing prevalence of chronic diseases in this region such as heart disease and stroke, cancer, or diabetes are enhancing the growth of the Syringes Market.

Syringes Market, 12/01/2021 - Syringes Market size is estimated to reach $35,901 million by 2026, growing at a CAGR of 7.81% over 2021-2026. Syringe is a medical device with a hypodermic needle that is used to inject fluid into, or withdraw fluid from, the body. A medical syringe consists of a needle attached to a hollow cylinder that is fitted with a sliding plunger which contains lubricant that is injected subcutaneously through intravenous therapy. The downward movement of the plunger injects fluid; upward movement withdraws fluid. Medical syringes were once made of metal or glass, and required cleaning and sterilization before they could be used again. Now most syringes used in medicine are plastic and disposable. The rising incidence of cardiovascular diseases and chronic diseases such as diabetes and infectious diseases, as well as the expanding geriatric population, are driving the market's growth, as the number of diagnostic tests and therapies for these diseases grows.

Key Takeaways

In 2020, North America dominated the Syringes Market.

Increasing prevalence of chronic diseases in this region such as heart disease and stroke, cancer, or diabetes are enhancing the growth of the Syringes Market.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Syringes Market report.

Stringent laws regarding the manufacturing and its compliance to the various regions is set to create hurdles for the Syringes Market.

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Syringes Market Segment Analysis – By Geography

North America dominated the Syringes Market with major share of 45.2% in 2020 and is the world's most technologically advanced medical products availability region. Moreover, there are major market players in the regions which makes the syringes available in the region. In order to aid this, syringes consumption is rapidly increasing as people in the region are more inclined towards chronic and other heart related illness.

However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 7.85% during the forecast period 2021-2026 owing to the fact that Asian countries such as Japan, China, and India.

Syringes Market Drivers

Chronic illnesses are becoming more common

Syringes Market Landscape

The Syringes market top 10 companies are Smiths Medical, Cardinal Health Inc., Becton Dickinson and Company, Hindustan Syringes & Medical Devices Limited, Nipro Corporation, Gerresheimer AG, Schott AG, Catalent Inc., Biocon, Bayer AG and others.

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