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United States Syringes Market

United States Syringes Market

United States Syringes Market, By Material (Glass Syringes, Plastic Syringes); By Syringe Type (Disposable Syringes, Reusable Syringe); By Capacity (Small Volume (1–10 ml) Syringes, Medium Volume (11–20 ml) Syringes, Large Volume (Above 20ml) Syringes); By End Use (Hospitals, Research Laboratories, Drug Manufacturing, Clinical Research), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: October 2024
  • Report ID: BWC24744
  • Available Format: PDF
  • Page: 140

Report Overview

Rising chronic diseases, an increasing number of surgical procedures, growing adoption of safety syringes, and the government’s supportive initiatives for infection prevention are expected to drive United States Syringes Market during the forecast period between 2024 and 2030.

United States Syringes Market – Industry Trends & Forecast Report, 2030

United States Syringes Market size by value was estimated at USD 2.55 billion in 2023. During the forecast period between 2024 and 2030, United States Syringes Market size is expected to expand at a CAGR of 5.60% reaching a value of USD 3.75 billion by 2030. United States Syringes Market is driven by several factors, including the rising prevalence of chronic diseases such as diabetes and cancer, which necessitate frequent medical interventions. The increasing number of surgical procedures and the growing adoption of safety syringes to prevent needlestick injuries also contribute to market growth. Additionally, government initiatives aimed at infection prevention and the expansion of home healthcare services further boost demand. The presence of leading syringe manufacturers and ongoing R&D activities also play a significant role.

United States Syringes Market

Syringes – Overview

Syringes are essential medical devices used to inject or withdraw fluids. They consist of a barrel, plunger, and a needle. The barrel holds the liquid, the plunger pushes or pulls it, and the needle delivers it into the body. Syringes come in various types and sizes, including disposable and reusable versions, and are used for administering medications, and vaccines, and drawing blood. Innovations like safety syringes help prevent needlestick injuries, enhancing safety for healthcare providers.

 

United States Syringes Market      

Growth Drivers

Increasing Spending on Healthcare

Growth of United States Syringes Market is significantly driven by increasing healthcare spending. As healthcare budgets expand, there is greater investment in advanced medical technologies and infrastructure. This leads to higher demand for syringes, particularly for chronic disease management, vaccinations, and surgical procedures. Enhanced funding also supports the adoption of innovative syringe designs, such as safety and pre-filled syringes, which improve patient outcomes and healthcare worker safety.

Challenges

Concerns over Needle-Stick Injuries

A significant restraint in United States Syringes Market is the ongoing concern over needle-stick injuries. Despite advancements in safety syringe technology, healthcare workers continue to face risks of accidental needle sticks, which can lead to serious infections. This concern drives the need for continuous improvements in syringe design and the implementation of stringent safety protocols. Additionally, the fear of such injuries can deter healthcare professionals from using certain types of syringes impacting market growth.

Impact of Escalating Geopolitical Tensions on United States Syringes Market

Further spreading and intensifying geopolitical tensions among countries across the major regions could adversely affect United States Syringes Market. Disruptions in global supply chains, particularly for raw materials and components, can lead to shortages and increased production costs. Trade restrictions and tariffs may further exacerbate these issues, affecting the availability and pricing of syringes. Additionally, heightened geopolitical risks can divert government spending towards defense and away from healthcare, potentially slowing market growth. Uncertainty in international relations can also impact investor confidence, leading to reduced investments in medical technology and innovations. Overall, geopolitical instability poses a multifaceted challenge to the stability and growth of United States Syringes Market.

United States Syringes Market – By Material

By Material, United States Syringes Market is divided into Glass Syringes and Plastic Syringes segments. The plastic syringe segment holds a larger share of United States Syringes Market by material, due to the plastic material’s affordability, lightweight nature, and widespread use in healthcare settings, especially for single-use applications that reduce contamination risks. Plastic syringes are also favored due to their versatility, ease of production, and compatibility with a variety of medical substances. The shift towards more disposable medical devices further solidifies plastic syringes as the leading segment in the United States Syringes Market.

United States Syringes Market Size

United States Syringes Market – By Syringe Type

Based on syringe type, United States Syringes Market is divided into Disposable Syringes and Reusable Syringe segments. The disposable syringes segment is a larger market share of United States Syringes Market by syringe type. Disposable syringes are preferred, due to their single-use nature, reducing the risk of infections and cross-contamination. They are widely used in hospitals, clinics, and home care settings, particularly for vaccination programs, insulin administration, and other medical purposes. The growing emphasis on safety and infection control, coupled with increasing demand for convenient, cost-effective options, drives the dominance of disposable syringes in the ma

United States Syringes Market Demand

United States Syringes Market – By End Use

On the basis of end use, United States Syringes Market is divided into Hospitals, Research Laboratories, Drug Manufacturing, and Clinical Research segments. The hospitals segment is the largest end user in United States Syringes Market. This dominance is driven by the extensive use of syringes in medical treatments, routine immunizations, and various therapeutic procedures performed in hospitals. The rising number of surgeries and increasing demand for injectable drugs also contribute to this segment's growth. Hospitals require a constant and large supply of syringes for a wide range of patient care applications, making it the largest consumer in the market.

United States Syringes Market Share

Competitive Landscape

Key players in the highly competitive United States Syringes Market include BD (Becton, Dickinson and Company), Terumo Corporation, Nipro Corporation, AbbVie, Novo Nordisk, Eli Lilly and Company, Medtronic, Hospira, and Fresenius Kabi. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion 

Market Coverage

United States

Product/Service Segmentation

Material, Syringe Type, Capacity, End Use

Key Players

BD (Becton, Dickinson and Company), Terumo Corporation, Nipro Corporation, AbbVie, Novo Nordisk, Eli Lilly and Company, Medtronic, Hospira, Fresenius Kabi

 

 

By Material

  • Glass Syringes

  • Plastic Syringes

By Syringe Type

  • Disposable Syringes

  • Reusable Syringes

By Capacity

  • Small Volume (1 to 10 ml) Syringes

  • Medium Volume (11 to 20 ml) Syringes

  • Large Volume (above 20ml) Syringes

By End Use

  • Hospitals

  • Research laboratories

  • Drug Manufacturing

  • Clinical Research

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. United States Syringes Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Healthcare Spending
        2. Growing Healthcare Infrastructure
        3. Advancements in Medical Procedures
      2. Restraints
        1. Regulatory Restrictions
        2. Concerns over Needle-Stick Injuries
      3. Opportunities
        1. Rising Prevalence of Chronic Diseases
        2. Increasing Awareness of Healthcare
      4. Challenges
        1. Competition from Alternative Delivery Methods
        2. Environmental Concerns
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. United States Syringes Market: Marketing Strategies
  5. United States Syringes Market Overview: Pricing Analysis
  6. United States Syringes Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
        1. Glass Syringes
        2. Plastic Syringes
      2. By Syringe Type
        1. Disposable Syringes
        2. Reusable Syringes
      3. By Capacity
        1. Small Volume (1 to 10 ml) Syringes
        2. Medium Volume (11 to 20 ml) Syringes
        3. Large Volume (above 20ml) Syringes
      4. By End Use
        1. Hospitals
        2. Research laboratories
        3. Drug Manufacturing
        4. Clinical Research
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. United States Syringes Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  8. Impact of Escalating Geopolitical Tensions on United States Syringes Market
  9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. BD (Becton, Dickinson and Company)
    2. Terumo Corporation
    3. Nipro Corporation
    4. AbbVie
    5. Novo Nordisk
    6. Eli Lilly and Company
    7. Medtronic
    8. Hospira
    9. Fresenius Kabi
    10. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1. Qualitative Research
      1.   Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       United States Syringes  Segmentation

Figure 2       United States Syringes  Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       United States Syringes  Market Size, By Value (USD Million), 2019–2030

Figure 5       United States Syringes  Market Share, By Material,  By Value, 2019–2030

Figure 6       United States Syringes  Market Share, By Syringe Types, By Value, 2019–2030

Figure 7       United States Syringes  Market Share, By Capacity,  By Value, 2019–2030

Figure 8       United States Syringes  Market Share, By End Use, By Value, 2019–2030

 

List of Tables

 

Table 1        United States Syringes  Market Size, By Value (USD Million), 2019–2030

Table 2        United States Syringes  Market Size, By Material,  By Value, 2019–2030

Table 3        United States Syringes  Market Size, By Syringe Types, By Value, 2019–2030

Table 4        United States Syringes  Market Size, By Capacity,  By Value, 2019–2030

Table 5        United States Syringes  Market Size, By End Use, By Value, 2019–2030

Table 6        BD (Becton, Dickinson and Company) Company Overview

Table 7        BD (Becton, Dickinson and Company) Financial Overview

Table 8        Terumo Corporation Company Overview

Table 9        Terumo Corporation Financial Overview

Table 10      Nipro Corporation Company Overview

Table 11      Nipro Corporation Financial Overview

Table 12      AbbVie Company Overview

Table 13      AbbVie Financial Overview

Table 14      Novo Nordisk Company Overview

Table 15      Novo Nordisk Financial Overview

Table 16      Eli Lilly and Company: Company Overview

Table 17      Eli Lilly and Company Financial Overview

Table 18      Medtronic Company Overview

Table 19      Medtronic Financial Overview

Table 20      Hospira Company Overview

Table 21      Hospira Financial Overview

Table 22      Fresenius Kabi Company Overview

Table 23      Fresenius Kabi Financial Overview

Market Segmentation

No data available
No data available

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Frequently Asked Questions (FAQs):

Ans: United States Syringes Market size by value was estimated at USD 2.55 billion in 2023.
Ans: United States Syringes Market by value is expected to grow at a CAGR of 5.60% during the forecast period between 2024 and 2030.
Ans: United States Syringes Market size is forecast to reach a value of USD 3.75 billion by 2030.
Ans: Growth of United States Syringes Market is primarily driven by rising chronic diseases, increasing surgeries, growing adoption of safety syringes, and government initiatives for infection prevention.
Ans: Key players in United States Syringes Market include BD (Becton, Dickinson and Company), Terumo Corporation, Nipro Corporation, AbbVie, Novo Nordisk, Eli Lilly and Company, Medtronic, Hospira, and Fresenius Kabi.
Ans: The plastic segment accounts for a larger market share of United States Syringes Market by material.