pharmaceuticals

Global Micro Syringes Market

April 18, 2022
ID: SR/PH-08
Format:Pdf
Pages:220

Global Micro Syringes Market By Syringe Type (Manual, Autosampler), By Needle Type (Fixed, Removable) By Material (Plastic, Stainless Steel), By End User (Pharmaceutical & biotechnological companies, Laboratory, Research institutes, CRO’s) and By Region (North America, Europe, Asia-Pacific, Latin America, and The Middle East & Africa)-Global Forecast to 2028

Description

Micro Syringes Market Overview

The global Micro Syringes market was valued at USD 229.91 million in 2021 and is projected to hit around USD 342.64 million by 2028, expected to grow at a compound annual growth rate (CAGR) of 6.88% from 2022 to 2028. The growing demand for microliter syringes for sample collection or focused drug delivery can be related to the market’s rise. Micro syringes are used to inject and retrieve fluid from the body and are designed for homogeneous liquids. Because of the small diameter of the syringe, micro syringes are also used to measure and dosage chemicals very precisely.

Furthermore, the demand for micro syringes is expected to rise due to increased clinical trials and preclinical services. In addition, the market is expected to develop due to rising private and government investments to modernize health care infrastructure and the life science sectors. According to a World Health Organization (WHO) report, worldwide health spending increased by 3.9% per year in real terms between 2000 and 2017, whereas global GDP increased by 3.0% per year. The industry develops medication discovery and research activities, which is expected to enhance the micro syringes market globally over the forecasted period.

What are Micro Syringes?

Micro syringes are medical devices used for fluid injection and fluid extraction from the body. The hollow and cylindrical design of these syringes is unique. Micro syringes are used to measure and inject small amounts of liquid accurately. This syringe is only used for homogenous solutions, not heterogeneous solutions.

Growth Drivers

Rising Innovations

The global market is expected to increase due to rising demand for biological pharmaceuticals and growing developments in injectable delivery options during the forecast period by 2028. Biological therapies have caught the interest of major players because they target disorders for which there are no or few therapy choices. Furthermore, the rapid growth of newer and more targeted molecular entities like monoclonal antibodies (mAbs), interferons, peptides, vaccines, and ophthalmic, as well as the rising prevalence of chronic diseases and cancers, as well as the growth of biosimilars, are driving the growth of syringes. Another reason driving this rise is the demand for greater patient and healthcare worker safety and convenience of administration.

Restraints

Dearth of syringes

For sophisticated biotechnology goods, syringes are becoming a more appealing choice. By lowering the risk of unintended needle sticking and harmful product exposure when drawing medication from vials, syringes improve patient safety. However, when compared to syringes with integrated safety devices, empty syringes are associated with a high frequency of needlestick injuries. Given this, the market’s lack of syringes with integrated safety features, which are expensive and difficult to manufacture, is a major source of concern. This is projected to alter throughout the forecast period by 2028 progressively.

Pre Covid-19 Impact on Global Micro Syringes Market

Before the pandemic, Product demand was driven by the rising use of chromatography to separate chiral chemicals, purify materials, and evaluate chemical compounds for trace pollutants. Market growth was also predicted to be boosted by leading industry players increasing their spending in research and development initiatives to improve existing processes.

Covid-19 Impact on Global Micro Syringes Market

The need for medical supplies is rising to meet the needs of the affected population. In primary clinical treatment, respiratory support equipment such as an atomizer, a life-support machine, an oxygen generator, and a monitor is the most commonly used medical devices. Furthermore, COVID-19 has resulted in a significant increase in demand for medical goods such as masks, gloves, and protective spectacles. As the number of COVID-19 cases increases worldwide, the demand for medical supplies from both healthcare professionals and the general public for preventative measures continues to climb. Manufacturers of these items have an opportunity to take advantage of the rising demand for medical supplies to assure a steady supply of personal protective equipment on the market. COVID 19 is predicted to have a substantial impact on the micro syringes market due to these considerations.

Post Covid-19 Impact on Global Micro Syringes Market

After pandemic, expensive and difficult production techniques, syringes with integrated safety features have a limited market presence, a key source of concern in the industry. This trend is projected to reverse in the next years, as the healthcare industry places a greater emphasis on preventing needlestick injuries, paving the path for the development of safety prefilled syringes, which is expected to boost the market.

By Syringe Type Segmental Analysis

Based on the syringe type, the market is categorized into Manual, Autosampler. The Autosampler segment is expected to hold a dominant share of the global Micro Syringes market over the forecast period. Autosamplers syringes are automated tools that load samples rapidly and correctly into high-performance liquid chromatography, allowing them to be studied by separating, identifying, and quantifying their components. Fixed-needle and removable-needle formats in various sizes, needle gauges, needlepoint styles, terminations, and zero dead-volume and headspace syringes are available for gas chromatography (GC), liquid chromatography (LC), and HPLC autosamplers. There are also specialty autosamplers intended for specific applications.

By Needle Type Segmental Analysis

Based on the needle type, the market is categorized into Fixed, Removable. The Removable segment is estimated to have a significant share of the global Micro Syringes market over the forecasted period by 2028. This is because these syringes are reusable. Thanks to the replaceable needles, different needle sizes can be used on the same syringe barrel. They are also simple to replace in the event of bending and are recommended by inexperienced users. They’re also available in a variety of lengths and point designs.

By Region Segmental Analysis

Region segment, the market is bifurcated into North America, Europe, Asia-Pacific, South America, and The Middle East & Africa. North America dominates the micro syringes market over the forecasted period by 2028 due to vast expenditures in R&D and technological breakthroughs in analytical techniques leading to the proper detection of proteins, metabolites, and other complex compounds. It is expected to maintain its dominant position during the predicted years. The United States has the largest share in the North American regional market.

Competitors Analysis

The Companies Innovative Labor Systeme (ILS), GL Science, Inc., Hamilton Company, PerkinElmer, Inc., Shimadzu Corporation, Trajan Scientific and Medical, Avantor, ITO Corporation, Valco Instruments Company Inc., Agilent Technologies Inc. and Other Prominent Players in the Micro Syringes Market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global micro syringes manufacturing firm
Local Governments
Regulatory bodies
Suppliers
Retailers

Recent Developments

In January 2022, Trajan Scientific and Medical completed the acquisition of Neoteryx LLC, a leader in blood microsampling devices. This acquisition will drive the global commercialization and adoption of microsampling at a large scale for Trajan.
In December 2021, Thermo Fisher Scientific Inc. acquired the leading global provider of clinical research services, PPD, Inc., for USD 17.4 million.

Scope of the Report

Report Attribute	Details
Market size value in 2021	USD 229.91 Million
The revenue forecast in 2028	USD 342.64 Million
Growth Rate	CAGR of 6.88 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies Innovative Labor Systeme (ILS), GL Science, Inc., Hamilton Company, PerkinElmer, Inc., Shimadzu Corporation, Trajan Scientific and Medical, Avantor, ITO Corporation, Valco Instruments Company Inc., Agilent Technologies Inc. and Other Prominent Players in the Micro Syringes Market.

Market Modelling

By Syringe Type

Manual
Autosampler

By Needle Type

Fixed
Removable

By Material Type

Plastic
Stainless Steel

By End-Use Type

Pharmaceutical & biotechnological companies
Laboratory
Research institutes
CRO’s

By Region

North America
Europe
Asia-Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is Micro Syringes Market?

Micro syringes are medical devices used for fluid injection and fluid extraction from the body. The hollow and cylindrical design of these syringes is unique.

What is the growth rate of the global Micro Syringes Market?

The global Micro Syringes Market was valued at USD 229.91 million in 2021 and is projected to hit around USD 342.64 million by 2028, expected to grow at a compound annual growth rate (CAGR) of 6.88% from 2022 to 2028.

What are the growth elements of the global Micro Syringes Market?

The growing demand for microliter syringes for sample collection or focused drug delivery can be related to the market’s rise. Micro syringes are used to inject and retrieve fluid from the body and are designed for homogeneous liquids.

Which region is expected to have the largest share in the global Micro Syringes Market?

North America is expected to have the largest share in the global Micro Syringes Market.

Who are the major players in the global Micro Syringes Market?

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