Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Product Type (General Syringes, Specialized Syringes, Smart Syringes), By Usage (Reusable Syringes, Disposable Syringes), By End-Users (Hospitals, Blood Collection Centers, Diabetic Care Centers, Others) And Competitive Landscape
Product Code: ETC058304 | Publication Date: Feb 2021 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Syringes Marketย |
Forecast Period | 2024-2030 |
Market Size | USD 2.9 billion by 2030 |
CAGR | 4.8% |
Growing Sector | Healthcare |
Europe Syringes Market report thoroughly covers the market by product type, usage, end-users and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europeย syringes market is projected to reach $2.9 billion by 2030, up from $2.1 billion in 2024. Factors driving this expansion include rising chronic illness incidence, increased demand for immunizations, breakthroughs in syringe technology, increased healthcare spending, and supportive government initiatives.
The Europeย syringes market is expected to grow significantly from 2024 and 2030, driven by rising chronic illness incidence, increased need for vaccinations and immunizations, and innovations in syringe design. These factors are projected to improve the efficiency, safety, and use of syringes in the healthcare sector, hence driving market growth.
According to 6Wresearch, Europe Syringes Market size is expected to grow at a significant CAGR of 4.8% during 2024-2030. The Europe syringes market is driven by several factors that contribute to its growth and development. One of the key drivers is the increasing prevalence of chronic diseases and the rising demand for injectable medications. This has led to a higher usage of syringes in various healthcare settings, including hospitals, clinics, and homecare settings. Additionally, the growing elderly population in Europe has resulted in an increased need for injectable drugs for the management of age-related diseases, further fueling the demand for syringes. Furthermore, advancements in technology, such as the development of safety syringes and prefilled syringes, have also contributed to the Europe Syringes Market ย growthby enhancing patient safety and convenience.
Despite the positive growth prospects, the Europe syringes market also faces certain challenges. One of the major challenges is the increasing concerns regarding the environmental impact of syringe waste disposal. The improper disposal of syringes can pose risks to both human health and the environment. Therefore, there is a growing need for proper waste management systems and the adoption of eco-friendly alternatives, such as reusable syringes or the use of needlestick prevention devices. Additionally, the market is also influenced by strict regulations and quality standards for the manufacturing and distribution of syringes, which can pose challenges for market players in terms of compliance and cost.
The growing use of prefilled syringes, which provide more convenience and lower the possibility of dose errors, improving patient safety, is one of the major developments in the Europeย syringe industry. Self-injection devices, which enable patients to take medication at home and improve convenience and treatment compliance, are likewise becoming more and more popular. In the production of syringes, eco-friendly and sustainable materials like biodegradable plastics are also receiving more attention. Both customer desire for eco-friendly items and regulatory pressure to lessen the environmental impact of medical devices, such as syringes, are driving this shift towards sustainability.
There are numerous investing prospects in the Europeย syringe market. One important area is funding research and development to provide cutting-edge syringe designs that meet patients' and healthcare professionals' changing demands, such as safer, more effective alternatives. In order to meet the rising demand for syringes especially given the expanding requirements for immunization and treatment it is also imperative to expand production and delivery capabilities. Another possibility is to work with government organizations to boost immunization initiatives, as this will increase demand for syringes. Businesses who adapt their tactics to these trends will be in a strong position to benefit from the expansion of the market.
Becton Dickinson and Company, Gerresheimer AG, Terumo Corporation, Schott AG, and West Pharmaceutical Services, Inc. are some of the major companies in the Europeย syringes market. By creating self-injection devices and prefilled syringes, these businesses are proactively concentrating on product innovation to improve the usability and security of syringes. Expanding their market reach also requires strategic partnerships with government organizations, healthcare providers, and research institutes.
The European Union has implemented a number of programs and regulations to control the manufacture and sale of medical equipment, including syringes, among its member nations. Before being put on the market, syringes must adhere to stringent safety, efficacy, and quality criteria set by the EU's Medical Device Regulation (MDR). In order to comply with EU standards, manufacturers must undergo stringent testing and receive the CE label. Furthermore, the EU encourages traceability and transparency, which makes it possible to effectively monitor medical devices over the course of their lives. These steps are intended to safeguard patient safety, enhance healthcare results, and uphold the medical device industry's high standards of quality.
The Europeย syringes marketย is expected to increase steadily in the future due to the rising need for immunizations and the increasing frequency of chronic diseases. The industry will be further shaped by technological developments in syringe design, such as self-injection devices and prefilled syringes. However, obstacles including strict laws and restricted access to healthcare in some areas could hinder expansion. Notwithstanding these challenges, stakeholders can benefit greatly from investments in R&D, increased production capabilities, and partnerships with governmental organizations to promote immunization efforts. These elements set up the European syringe market for future expansion and innovation.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, the high demand for syringes in hospital settings is projected to drive the hospitals sector of the end-user syringes market in Europe. Their substantial market share is a result of their widespread use in the administration of drugs and immunizations.
Germany is currently the market leader for syringes in Europe due to its robust healthcare system, the high need for syringes in clinics and hospitals, and the rising incidence of chronic illnesses. The strong medical device sector in the nation contributes to market expansion.
The Europe Syringes marketย report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Syringes Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Syringes Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Syringes Market - Industry Life Cycle |
3.4 Europe Syringes Market - Porter's Five Forces |
3.5 Europe Syringes Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Syringes Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 Europe Syringes Market Revenues & Volume Share, By Usage, 2020 & 2030F |
3.8 Europe Syringes Market Revenues & Volume Share, By End-Users, 2020 & 2030F |
4 Europe Syringes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Syringes Market Trends |
6 Europe Syringes Market, 2020 - 2030 |
6.1 Europe Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
6.2 Europe Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
6.3 Europe Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
7 Germany Syringes Market, 2020 - 2030 |
7.1 Germany Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
7.2 Germany Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
7.3 Germany Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
8 United Kingdom Syringes Market, 2020 - 2030 |
8.1 United Kingdom Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
8.2 United Kingdom Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
8.3 United Kingdom Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
9 France Syringes Market, 2020 - 2030 |
9.1 France Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
9.2 France Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
9.3 France Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
10 Italy Syringes Market, 2020 - 2030 |
10.1 Italy Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
10.2 Italy Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
10.3 Italy Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
11 Russia Syringes Market, 2020 - 2030 |
11.1 Russia Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
11.2 Russia Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
11.3 Russia Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
12 Spain Syringes Market, 2020 - 2030 |
12.1 Spain Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
12.2 Spain Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
12.3 Spain Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
13 Rest of Europe Syringes Market, 2020 - 2030 |
13.1 Rest of Europe Syringes Market, Revenues & Volume, By Product Type, 2020 - 2030 |
13.2 Rest of Europe Syringes Market, Revenues & Volume, By Usage, 2020 - 2030 |
13.3 Rest of Europe Syringes Market, Revenues & Volume, By End-Users, 2020 - 2030 |
14 Europe Syringes Market Key Performance Indicators |
15 Europe Syringes Market - Opportunity Assessment |
15.1 Europe Syringes Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Syringes Market Opportunity Assessment, By Product Type, 2020 & 2030F |
15.3 Europe Syringes Market Opportunity Assessment, By Usage, 2020 & 2030F |
15.4 Europe Syringes Market Opportunity Assessment, By End-Users, 2020 & 2030F |
16 Europe Syringes Market - Competitive Landscape |
16.1 Europe Syringes Market Revenue Share, By Companies, 2023 |
16.2 Europe Syringes Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |