Market Introduction
A syringe is a piston-like medical instrument that has a significant importance in healthcare. Syringes play a major role in administration of vaccines, nutritional supplements, and medicines. The product has wide range of applicability, from injecting of liquid nutritionals into a feeding tube to conduct vaccination. Syringes can be classified into reusable and disposables. Increasing prevalence of chronic conditions and rising patient population is prominently expected to drive the market growth during the forecast period.
The scope of the syringes market includes procedure syringe type, application, usability, end user, and region. The market for syringe is analyzed based on South & Central America region. The report offers insights and in-depth analysis of the syringes market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the globe.
Market Overview and Dynamics
The South & Central America syringe market is projected to reach US$ 1,141.52 million by 2027 from US$ 593.98 million in 2019. The market is estimated to grow at CAGR of 8.4% from 2020 to 2027. The growth of the market is driven by the factors such as, growing number of chronic diseases and infectious diseases and increased adoption of injectable drugs. However, the market is likely to have negative impact due to growing cases of needle-stick injuries.
Key Market Segments
Based on syringes type, the syringe market is segmented into luer lock syringes, glass syringes, luer slip syringes, and others. In 2019, the luer lock syringes segment accounted for the highest share of the market in 2019. However, the glass syringes segment is estimated to register the highest CAGR of 9.2% in the market during the forecast period.
Based on application, the market is segmented into aesthetics, human health, lab / industrial, others. The human health segment held the largest share of the market in 2019. However, the aesthetics segment is estimated to register the highest CAGR of 9.4% in the market during the forecast period.
Based on usability, the market is segmented into sterilizable/reusable syringes and disposable syringes. The disposable syringes segment held the largest share of the market in 2019. However, the same segment is estimated to register the highest CAGR of 8.6% in the market during the forecast period.
Based on end user, the market is segmented into hospitals & clinics, blood collection centers, diabetic care centers, and others. The hospitals & clinics segment held the largest share of the market in 2019. However, the diabetic care centers segment is estimated to register the highest CAGR of 9.4% in the market during the forecast period.
Major Sources and Companies Listed
Some of the major primary and secondary sources for South & Central America syringe market included in the report are, The World Health Organization (WHO), Food and Drug Administration (FDA), National Center for Biotechnology Information, International Diabetes Federation, and International Society of Aesthetic Plastic Surgery among others.
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- Obtain market revenue forecast for market by various segments from 2019 to 2027 in South & Central America.
South & Central America Syringe Market –
By Syringes Type
- Aesthetics
- Human Health
- Lab / Industrial
- Others
- Sterilizable/Reusable Syringes
- Disposable Syringes
By End User
- Hospitals & Clinics
- Blood Collection Centers
- Diabetic Care Centers
- Others
- Germany
- UK
- Russia
- France
- Italy
- Spain
- Poland
- Netherlands
- Austria
- Switzerland
Company Profiles
- BD
- Baxter International Inc.
- Terumo Corporation
- Vita Needle Company
- Cardinal Health Inc.
- Nipro
- RETRACTABLE TECHNOLOGIES, INC.
- B. Braun Melsungen AG
- AIR-TITE PRODUCTS CO., INC.
- HENKE-SASS, WOLF