Global Drug Delivery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Drug Delivery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Syringes are small hollow tubes used to inject or withdraw fluids. It usually has a needle, a sliding plunger, and a cylindrical tube that sucks or expels fluid when the plunger is pulled or pushed into the tube. Most syringes used in medicine are plastic and disposable. Syringes are often used to give medicines or to draw blood.

Market Overview:

The latest research study on the global Drug Delivery market finds that the global Drug Delivery market reached a value of USD 16740.7 million in 2022. It’s expected that the market will achieve USD 21391.27 million by 2028, exhibiting a CAGR of 4.17% during the forecast period.

The major factors currently driving the growth of the syringe market include the increasing popularity of injectable drugs, increasing prevalence of chronic and infectious diseases, increasing number of vaccinations and immunization programs, increasing aging trend, increasing number of surgical procedures, improvement of the healthcare system, etc. Syringes are widely used in hospitals, clinics, the pharmaceutical industry, and clinical research laboratories to administer a variety of healthcare products and to draw body fluids needed for disease diagnosis or research. Most diagnostic and therapeutic techniques for chronic diseases require syringes because they play a vital role in the testing and drug delivery process. COVID-19 has led to increased vaccine development and usage, creating a huge demand for the syringe market. However, increasing cases of needlestick injuries, the high cost of safety syringes, and alternative drug delivery methods may restrain the further expansion of the syringe market share. Needlestick injuries can lead to serious or fatal infections of healthcare workers with bloodborne pathogens such as hepatitis B virus, hepatitis C virus, or HIV. To curb the spread of disease, the demand for disposable syringes continues to increase. Other unfavorable factors include strict regulations and quality standard requirements; fluctuations in the price of raw materials such as plastics, metals, and glass; waste management and environmental pollution; lack of users who can safely and effectively perform injections, etc.

Region Overview:

In 2022, the share of the Drug Delivery market in APAC stood at 37.20%.

Company Overview:

The major players operating in the Drug Delivery market include Becton Dickinson and Company, B. Braun Melsungen AG, Cardinal Health, Terumo Corporation, Nipro, etc. Among which, Becton Dickinson and Company ranked top in terms of sales and revenue in 2023.

Segmentation Overview:

By type, Prefilled Syringe segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Blister segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Drug Delivery market covered in Chapter 3:

Terumo Corporation
Becton Dickinson and Company
Kindly Group
B. Braun Melsungen AG
Shandong Weigao
Nipro
Others
SCHOTT AG
Cardinal Health
Baxter International Inc.
Gerresheimer Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Drug Delivery market from 2018 to 2029 is primarily split into:

Insulin Syringe
Tuberculin Syringe
Hypodermic Syringe
Safety Syringe
Prefilled Syringe
Intravenous (IV) Syringe
Auto-disable (AD) Syringe
Retractable Syringe
Catheter Tip Syringe
Needleless Syringe
Oral Syringe
Epidural Syringe
Ophthalmic Syringe
Dental Syringe

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Drug Delivery market from 2018 to 2029 covers:

Bulk
Blister

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)