United States Syringes Market Size to Grow at 5.6% CAGR to Touch Healthy Value of USD 3.75 Billion by 2030

Published | 05 October 2024

United States Syringes Market is thriving due to a rising demand for vaccinations, increasing chronic diseases, advancements in syringe technology, growing healthcare infrastructure, and the expanding use of disposable syringes.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Syringes Market size by value at USD 2.55 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Syringes Market size to expand at a CAGR of 5.6% reaching a value of USD 3.75 billion by 2030. United States Syringes Market is driven by the increasing prevalence of chronic diseases like diabetes, rising demand for vaccination programs, and advancements in syringe technology. The growing focus on infection prevention has boosted the use of disposable and safe syringes. Additionally, government initiatives promoting healthcare access, an aging population with higher healthcare needs, and rising demand for minimally invasive procedures contribute to market growth. The expansion of the biotechnology and pharmaceutical industries further fuels syringe demand in drug administration.

Sample Request @ https://www.blueweaveconsulting.com/report/united-states-syringes-market/report-sample

Opportunity – Rising Prevalence of Chronic Diseases

Increasing prevalence of chronic diseases, such as diabetes, cardiovascular conditions, and cancer, is significantly boosting the demand for syringes in United States. These conditions require frequent administration of medications and treatments, including insulin, chemotherapy, and other injectable therapies. With the growing aging population and sedentary lifestyles contributing to a surge in chronic illness rates, the need for syringes in hospitals, clinics, and home care settings is rising, driving United States Syringes Market.

Impact of Escalating Geopolitical Tensions on United States Syringes Market

Escalating geopolitical tensions could disrupt United States Syringes Market by affecting global supply chains, increasing costs of raw materials, and causing delays in the import of components like needles and barrels. Trade restrictions or tariffs could further raise production costs, while strained diplomatic relations may impact collaborations with international manufacturers. Additionally, heightened tensions might redirect government spending towards defense, potentially limiting investment in healthcare infrastructure, including syringe manufacturing and distribution, hindering market growth.

Small Volume Capacity Syringes Hold Largest Market Share

The small volume (1–10 ml)  syringes segment accounts for the largest share of United States Syringes Market by capacity. The segment’s dominance is driven by their widespread use in various medical applications, including vaccinations, insulin administration, and other therapeutic injections. The growing prevalence of chronic diseases like diabetes, which require regular administration of small-dose medications, further fuels demand. Additionally, the frequent need for vaccinations and the adoption of disposable syringes for infection control contribute to the segment's significant market position.

Competitive Landscape

United States Syringes Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include BD (Becton, Dickinson and Company), Terumo Corporation, Nipro Corporation, AbbVie, Novo Nordisk, Eli Lilly and Company, Medtronic, Hospira, and Fresenius Kabi. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Syringes Market.

Don’t miss the business opportunity United States Syringes Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Syringes Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Syringes Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com