Global Syringes Market Trajectory & Analytics Report 2020: Amid the COVID-19 Crisis, the Market is Projected to Reach a Revised $25.1 Billion by 2027 - ResearchAndMarkets.com

The "Syringes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Syringes estimated at US$16.1 Billion in the year 2020, is projected to reach a revised size of US$25.1 Billion by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027.

Prefilled Syringes, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$11 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Disposable Safety Syringes segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 10.2% CAGR

The Syringes market in the U.S. is estimated at US$4.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Disposable Conventional Syringes Segment to Record 6.5% CAGR

In the global Disposable Conventional Syringes segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.1 Billion in the year 2020 will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027, while Latin America will expand at a 7.8% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Syringes - A Prelude
• Recent Market Activity
• Current & Future Analysis
• Asia - Central for Future Growth
• Disposable Syringes Gain Wide Acceptance
• Growing Emphasis on Prevention of Needle Stick Injuries Drives Demand for Safety Syringes and Needles
• Government Regulations Push Demand for Safety Syringes
• Rising Incidence of HAIs Propels Demand for Safety Needles and Syringes
• Global Competitor Market Shares
• Syringes Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
• Growing Emphasis on Prevention of Needle Stick Injuries Drives Demand for Safety Syringes and Needles
• Prefilled Syringes - A High Growth Market
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• Abbott Laboratories, Inc. (USA)
• B. Braun Melsungen AG (Germany)
• Becton, Dickinson and Company (USA)
• Cardinal Health, Inc.(USA)
• Gerresheimer AG (Germany)
• Kawamoto Corporation (Japan)
• Medline Industries, Inc. (USA)
• Merit Medical Systems, Inc. (USA)
• Nipro Medical Corporation (USA)
• Retractable Technologies, Inc. (USA)
• Schott AG (Germany)
• Smiths Medical (UK)
• Terumo Corp. (Japan)
• Terumo Medical Corporation (USA)

3. MARKET TRENDS & DRIVERS

• Technological Advancements Spur Growth in the Syringes Market
• Growing Need for Further Advancements in Safety Syringes
• Biologic Drugs Boost the Demand for Prefilled Syringes
• Industry Observes a Growing Trend towards Plastic Pre-Filled Syringes
• Advancements in Material and Device Technology Drive Momentum
• Patient Centric Designs Gain Attention
• Companies Focus on Addressing the Problems Associated with Silicone Lubrication
• New Materials Gain Attention
• Prevention of Blood Borne Infections through Safety Pre-Filled Syringes
• Dual/Multi-Chamber Syringes Gain Prominence Amid Rise in Number of Lyophilised Drugs
• Diabetes Management and Increasing Role of Self-Injection Devices
• Prefilled Syringe Pen Injectors
• Human Factors Influence the Design of Self Injection Systems
• Industry Witnesses Rapid Shift from Glass to Plastic
• Advancements in Manufacture of Pre-filled Syringes
• Automation Speeds Up in the Syringes Industry
• Filling and Stoppering
• Inspection of Prefilled Syringes
• Pain Free Shots - A Growing R&D Domain
• Disposal of Syringes - A Primary Issue
• Needleless Systems Pose Threat to Traditional Syringes
• Alternative to Syringes - Potential Threats
• Insulin Infusion Pumps
• Preloaded Insulin Pens
• Pulmonary Drug Delivery
• Long-Term Macro Growth Drivers
• Global Healthcare Spending - A Review
• Demographics Spell Opportunities
• Aging Population and their Vulnerability to Various Diseases and Disabilities: Foundation for Market Growth
• Demographic Statistics of Aging Populace Unfurl the Market Potential
• Rising Incidence of Chronic Diseases and Global Pandemics Contribute to Demand
• Rise in Prevalence of Diabetes to Benefit Demand
• Increased Spending on Oral Care to Fuel Growth in Dental Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 90

For more information about this report visit https://www.researchandmarkets.com/r/orpn1v

View source version on businesswire.com: https://www.businesswire.com/news/home/20200925005230/en/