Global Syringes & Needles Market Analysis Report 2020: Conventional, Safety & Insulin Devices - Size is Set to Expand Partially Due to the COVID19 Pandemic and Exceed $7.5 Billion in 2026 - ResearchAndMarkets.com

The "Global Syringes & Needles Market Analysis - Global - 2020-2026 - MedCore - Segmented by: Product (Conventional, Safety & Insulin Devices)" report has been added to ResearchAndMarkets.com's offering.

Throughout this medical market research, the publisher analyzed syringes and needles companies across more than 70 countries and used their comprehensive methodology to understand the Market Sizes, Unit Sold, Average Selling Prices, Company Market Shares, and to create Accurate Forecasts.

Global Syringes & Needles Market Insights

In 2019, the global syringe and needle market was valued at $6.8 billion, with the majority of the market size occupied by the needles segment. The global market size is set to expand partially due to the COVID19 pandemic and exceed $7.5 billion in 2026.

Two of the largest global markets for syringes and needles are Europe and North America. The value of the North American syringe and needle market is expected to grow modestly over the forecast period. Market declines will be driven by a contraction in unit sales but limited by mild average selling prices (ASPs) appreciation. Unit sales declines in the insulin syringe segment will apply downward pressure on unit sales of the total syringe market in North America.

In 2020, Becton Dickinson led the global syringes and needles market, with over 40% of the total market share. Since the 2017 acquisition of C.R. Bard, Becton Dickinson has continued to be a major player in this segment. Becton Dickinson is strongest in the hospital segment of the total syringe and needle market, where it was estimated to control over 80% of sales. The company produces billions of syringes and takes advantage of economies of scale to produce and sell syringes at a lower cost than many of its competitors.

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