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