What is Global Syringes and Needles Market?
The Global Syringes and Needles Market is a vast and dynamic sector that encompasses a wide range of products used in the medical field. These products are essential tools in healthcare, used for various purposes such as administering medication, drawing blood, and other medical procedures. The market is global in nature, meaning it spans across all continents and countries, catering to the needs of healthcare providers worldwide. In 2023, the market was valued at a whopping US$ 8527.6 million and it's projected to reach an impressive US$ 12290 million by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period of 2024 to 2030.
Conventional Syringes and Needles, Safety Syringes and Needles, Prefilled Syringes and Needles, Others in the Global Syringes and Needles Market:
The Global Syringes and Needles Market is segmented into various types, including Conventional Syringes and Needles, Safety Syringes and Needles, Prefilled Syringes and Needles, among others. Conventional syringes and needles are the traditional types that have been in use for a long time. They are simple in design and function, and are widely used in various medical procedures. Safety syringes and needles, on the other hand, come with safety features that protect the user from needlestick injuries. Prefilled syringes and needles are pre-loaded with medication, making them convenient for use, especially in home settings. Other types of syringes and needles cater to specific needs and applications in the healthcare sector.
Hospitals and Clinics, Home Use, Others in the Global Syringes and Needles Market:
The usage of syringes and needles is widespread and they are utilized in various settings. Hospitals and clinics are the primary users of these products, given the nature of their work. They use syringes and needles for various procedures such as administering medication, drawing blood, and conducting other medical procedures. Home use of syringes and needles is also common, especially for patients with conditions that require regular injections. Other uses of syringes and needles include research institutions, laboratories, and other healthcare facilities.
Global Syringes and Needles Market Outlook:
In terms of market outlook, the Global Syringes and Needles Market is on a positive trajectory. In 2023, the market was valued at US$ 8527.6 million and it's projected to grow to US$ 12290 million by 2030. This represents a CAGR of 5.3% during the forecast period of 2024 to 2030. A significant portion of this market is driven by the demand from hospitals and clinics, which accounted for 70.13% of global sales in 2019.
| Report Metric | Details |
| Report Name | Syringes and Needles Market |
| Accounted market size in 2023 | US$ 8527.6 million |
| Forecasted market size in 2030 | US$ 12290 million |
| CAGR | 5.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | BD, Terumo, WEGO, Nipro, Cardinal Health, B.Braun, KDL, Smiths Medical ASD, QIAO PAI, Fresenius Kabi AG, HMD, Retractable Technologies, DOUBLE-DOVE, Zheng Kang, Jichun, SHU GUANG JIAN SHI, Feel Tech |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
