Syringe and Needle Market Size, Share, Growth, and Industry Analysis, By Type (Disposable Syringe and Needle, Reusable Syringe and Needle), By Application (Hospitals & Clinics, Home Care) and Regional Forecast to 2032

Updated On: 10 September 2024

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SYRINGE AND NEEDLE MARKET REPORT OVERVIEW

The global Syringe and Needle Market size was USD 6.4939 billion and the market is projected to touch USD 9.76 billion, exhibiting a CAGR of 4.1% during the forecast period.

The market of syringes and needles is likely to grow at a substantial rate because of the rapid evolution of technology in health care and the growing demand for safe, efficient, and effectual medical devices. These thus remain an integral part of medical procedures ranging from mere vaccinations to high-end surgeries—and their need is further compounded by the surging cases of chronic diseases and the requirement for accurate drug delivery. Moreover, it incorporates innovative materials and designs that are oriented toward safety retractable needles and single-use syringes enhancing safety by reducing the risk of needlestick injury and cross-contamination.

Moreover, vaccination programs are being increasingly emphasized, especially in the developing regions for improving the infrastructure of healthcare. Enhanced awareness about hygiene standards and demand for disposables of medical supplies also support the market growth. Further, huge potential lies in regulatory support and the initiatives of improving access to health care and enhancing safety standards of health care globally. This leads to wide acceptance for use of advanced syringes and needles in all settings of health care.

COVID-19 Impact: Market Growth Restrained By Pandemic Due To Shortage In Vaccination Campaigns And Increased Usage Of Medical Supplies Amid Lockdown Owing To Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

This thus served as a period when an unprecedented surge in the need for syringes and needles emanated from global vaccination campaigns and increased usage of these kinds of medical supplies in COVID-19 testing, treatment, and intensive care. Production and distribution increased greatly with the urgency to vaccinate large populations; very often, this put much strain on the supply chains and forced governments and manufacturers to rapidly ramp up output. The demand surge had never been witnessed, way above projections, on products—an indication of how important they are in pandemic management.

LATEST TRENDS

"Increasing Adoption of Safety-Engineered Devices to Drive Market Growth"

A growing interest in safety-engineered devices is the latest development in syringes and needles. These innovations are designed to reduce the chance of obtaining a needlestick injury, thereby reducing the risk of cross-contamination, major issues in healthcare centers. Safety-engineered devices are becoming very popular since healthcare providers began to express concerns about the safety of patients and staff, an example being the retractable needles, syringes with integrated safety features. This trend thus acts as an impetus on the market, with manufacturers developing and coming out with new products in conformity with strict safety standards and increasing consumer demand for safer medical devices.

Another trend is the development in needle-free injection technologies that are increasingly used to deliver medications sans traditional needles this constitutes a pain-free alternative and reduces needlestick anxieties among patients.

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SYRINGE AND NEEDLE MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Disposable Syringe and Needle, Reusable Syringe and Needle.

• Disposable Syringe with Needle: Disposable syringes with needles are used once to prevent the transmission of diseases or infection. This product is in high demand in all health facilities, for it helps in the safe administering of medications, vaccines, or drawing blood. They are designed for one-time use; thus their immediate discarding is very important in maintaining hygiene and safety standards in medical practices. These disposable medical tools are so essential in daily operations that doctors and nurses working in different healthcare facilities always need them in consistently high demand. In fact, this is common in everyday medicine. Due to the COVID-19 pandemic, infection control has been pushed to center stage worldwide. Therefore, there is considerably enhanced demand for disposable syringes and needles; they enjoy major preference for their safety features, convenience, and compliance associated with stringent healthcare regulations.
• Reusable Syringe and Needle: Reusable syringes and needles are designed to be used several times after proper sterilization; thus, cost-effective in resource-poor settings. This form of a syringe applies where large medication quantities must be administered at an increased frequency, like treatment for diabetes using an insulin injection. Although reusable, economic, and ecologically useful, syringes and needles require severe measures of sterilization to avoid infection risks; so, their use is more indicated in controlled environments where such procedures could be reliably adopted.

By Application

Based on application the global market can be categorized into Hospitals & Clinics, Home Care

• Hospitals & Clinics: It is integral member of all the medical procedures being done; in hospitals and clinics ranging from vaccinations to intravenous drug administrations, blood draws and even during surgical applications. The activities carried out by healthcare institutions justify the massive utilization of single-use syringes and needles to protect patients from potential infection with other diseases, cross-contamination. Moreover, hospitals and clinics are driving demand for safety-engineered devices such as passive syringe injection technologies to eliminate needlestick injuries that contribute to infection disease transmission among healthcare workers. That represents a large portion of the market, since there are only so many medical supplies you might expect to need for either routine or emergency care in hospitals and clinics.
• Home Care: The increasing prevalence of chronic conditions, such as diabetes—where patients have self-administered injections on a regular basis—drives the home care segment. Most syringes and needles used in home care are designed for ease of use, with features such as easy readability of dose markings and prefilled options for accurate and convenient medication delivery. This segment also comprises products for home-based hormone therapy, pain management, and allergy treatments. Another driver of demand for syringes and needles in home care are the trend toward more patient-centered care and the growth in telemedicine.

DRIVING FACTORS

"Increasing Incidence Rates of Chronic Diseases to Boost the Market"

Only some of the factors that seem to be favoring the syringe and needle market growth are increasing incidence rates of chronic diseases like diabetes, where patients must be injected at regular intervals, and a greater call for vaccinations and immunization drives taken up on bigger scales. Facilitating factors include improvements in healthcare infrastructure in both the developed and developing regions since many patients are admitted to various healthcare centers. Moreover, with the growing emphasis on safety and prevention of infection, the market of safety-engineered devices retractable needles, auto-disable syringes continue to grow in usage, due to minimal chances of needlestick injuries and contamination. Similarly, technological improvements and the development of more precise and user-friendly products, such as pre-filled syringes, are also reckoned to attract healthcare providers and patients, which will further lead the market expansion.

"The Worldwide Concern for Vaccination Programs to Expand the Market"

One of the major drivers of the syringe and needle market is the worldwide concern for vaccination programs about immunization against infectious diseases. As such, mass vaccination drive syringes and needles are always on consistent demand with the increasing aged population eyeing the world over. The cases of chronic conditions that require repetitive medication have surged with the increased aged population around the world, for instance, those of diabetes and arthritis, which involve the usage of syringes and needles. Also, product design technology has continuously been growing in terms of technological advancements in the way that products have been designed in the recent past. This, in turn, has made the products more accurate and safer for use, results that help in efficacy and safety in drug delivery. Coupled with broadening access to health care, mainly in developing markets, these are some of the stimulants for the fast growth and expansion observed in the global syringe and needle market.

RESTRAINING FACTORS

"Growing Interest in Needle-Free Alternatives to Potentially Impede Market Growth"

It may present a potential challenge to the syringe and needle market: the rising interest in needle-less alternatives. With the coming of advanced medical technology, the need for developing and embracing methods that do not use conventional needles keeps on growing; these include jet injectors, microneedle patches, and other non-invasive delivery systems. What really makes them quite popular among health workers and patients is their ability to reduce pain, anxiety, and the risk of a needlestick injury.

As more and more healthcare practices begin to shift towards needle-free options, this certainly can and will have an impact on the future growth of the syringe and needle market. With ever-growing momentum in the uptake of novel technologies, there will be further pressure on the market to innovate if it is to remain competitive against such emerging methods for delivering drugs and vaccination.

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SYRINGE AND NEEDLE MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

"North America Region Dominating the Market Due To Well-Established Healthcare Infrastructure"

The North American market holds the leading position in the syringe and needle market share, mainly due to a large, well-established healthcare infrastructure and strong demand for advanced medical devices. The region dominates the sector due to the great frequency of occurrence of chronic diseases like diabetes, which requires frequent injections, added to which are intense immunization programs to further ensure this top position of the region in the concerned market. The dominant position of the North America market is aided by the presence of key players in the market, continued technological innovations, and stringent safety laws. Additionally, the high investment in the healthcare sector, high adoption rate of innovative products provides that the region remains at the top of the global syringe and needle market.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Syringe and Needle Market: The syringe and needle market consist of widespread range global as well as regional vendors. The innovative products developed by these companies raise the bar on medical device technology, with devices that offer greater safety and precision in a fashion more comfortable to patients. These companies are continuously researching and developing the advanced solutions including safety-engineered syringes and needles which is expected reduce needlestick injury prevalence rates leading to possible improvements in infection control. Such companies are also planning geographical expansion besides focusing on product innovation. It also helps in establishing a stronger presence across rapidly growing healthcare infrastructure regions through strategic partnerships, mergers & acquisitions and penetration into the untapped markets.

List of Market Players Profiled

• Delamere Dairy (UK)
• Emmi Group (Switzerland)
• Gay Lea Foods (Canada)
• Granarolo (Italy)
• Groupe Lactalis (France)
• Hay Dairies (Singapore)
• KAVLI (Norway)
• SUMMERHILL GOAT DAIRY (Canada)

INDUSTRIAL DEVELOPMENT

July 2023: BD announced a major industrial development in the syringe and needle market with the inauguration of its new manufacturing facility in Zaragoza, Spain. This new BD Zaragoza facility was created to be state-of-the-art, increasing production capacity and driving advancement of the syringes and needles category with BD's advanced safety-engineered syringes and needles designed to notably reduce the risk of a stick and foster a safer medical environment. In specific terms, this new BD plant is part of the international expansion strategy, because the demand for quality medical devices is rapidly increasing globally, particularly in European countries. The expansion is also intended to respond to calls to support global programs on vaccination and managing chronic diseases to realize set goals by Champions 12.3. This development underlines the company's commitment to innovation at the forefront of the syringe and needle market.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.