Glass Syringe Market
MWR began a new study of the market for glass syringes worldwide and has provided a forecast for 2020-2028. The study shows that opportunities for growth in the glass syringe market can be seen. The report offers valuable information that helps readers make the right business decisions for their business’s future growth. The report provides essential aspects that influence the development of the glass syringe industry and the untapped potential for manufacturers, the latest trends and products and more information about diverse critical segments. Economic factors that directly or indirectly impact market growth are also covered in the study.
Crucial Questions Answered by MWRs Glass Syringe Market Report
- What will be the effect of COVID-19’s impact on the glass market for syringes?
- Which of the following uses is the most profitable for glass syringes?
- What is the expected market size for glass syringes at the end of 2028?
- Which is the most popular capacity for glass syringes on the world market
- Which one will be most profitable for growth in the market?
- The top 5 nations of the glass syringes market
- Which product has the most significant percentage of the market in the global market for glass syringes
- Who are the key players in the market for glass syringes
| Glass Syringe Market Report Scope and Segmentation | |
| ATTRIBUTES | DETAILS |
| ESTIMATED YEAR | 2022 |
| BASE YEAR | 2021 |
| FORECAST YEAR | 2030 |
| HISTORICAL YEAR | 2017-2021 |
| UNIT | Value (USD Million/Billion) |
| BY REGION | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Glass Syringe Market Segmentation
The global market for glass syringes is segmented by the type of syringe used, material capacity, material type, end-use and location. The various segments are examined to give readers an overview of the industry.
| Syringe Type |
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| Material Type |
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| Capacity |
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| End Use |
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Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA
Glass Syringe Market: Overview
- According to the MWR’s most recent research on the world market for glass syringes for the forecast timeframe from 2020-2028, The market is predicted to grow due to the increasing demands from the healthcare and pharmaceutical industries.
- The market for glass syringes is anticipated to grow at the highest growth rate in the forecast time. The vaccination drive will increase sales of glass syringes over the coming years.
Increase in Drug Manufacturing to Shape the Glass Syringe Market
- A glass syringe typically consists of a cylinder-shaped glass tube equipped with an engine that pumps out the serum or liquid via an attached needle at the tube’s apex. It is mostly used in the medical industry to inject or vaccinate (shot) patients to treat specific ailments or administer medication. The use of glass syringes has increased in the drug manufacturing industry and research labs because of continuing research in the field of antivirus.
- Precise delivery of drugs is essential for treatments to be effective. Syringes are considered the most effective delivery method, allowing precise dosage of drugs. Combination therapies are considered to be a reliable option for treating complex patients.
- In the wake of the tense conditions during the COVID-19 pandemic phase, the profits in the glass syringe market worldwide have risen significantly. So, the year-on-year growth rate for 2020 year-end was significantly higher by 12percentin comparison to the year-end of 2019.
Innovative Glass Syringes for Glass to boost sales
- Prefilled Syringes are an important technological advancement in the pharmaceutical industry with advantages and convenience. They are one of the most popular options for medicine that is dosed in units. It doesn’t just reduce wasted medication but extends the product’s life. It also allows patients to self-inject themselves without worrying about under or overdosing on any drug. The increasing preference for prefilled syringes has been observed in the last year.
- Prefilled syringes can be used as blood stimulants, vaccines, and therapeutic proteins to treat patients, leading to its rapidly growing market. Syringes prefilled not only prevent the need for marking and dosing errors but are also simple to utilize and safe. Low chemical reactivity and barrier qualities make glass the most suitable option for the material used in prefilled Syringes. However, issues like quality control, drug stability, and many other aspects may lead to using other substances for prefilled syringes to be used in the future.
- Becton, Dickinson and Company joined forces the company with BARDA (U.S. Biomedical Advanced Research and Development Authority) for a US$1 70Mn project to expand needles, syringes, and other medical equipment manufacturing at Nebraska facilities in response to the COVID epidemic.
A growing Healthcare Industry to Drive Glass Syringe Market
- Health issues are increasing because of the unhealthy lifestyle of individuals, and the expansion of the healthcare industry across the U.S. contribute to the market for glass syringes.
- Patients with cancer require a lot of medical resources. The rising number of cancer patients is causing the rising demand for efficient treatment methods. Glass syringes are in high demand and are, thus, likely to stay significantly high throughout the globe.
- In conjunction with the favourable policies of the government, an increase in the rate of cancer will keep demands for glass needles at a high
- However, fierce competition within this U.S. market is anticipated because of many powerful and well-organized players. This will further increase the barriers to entry for new players and small-scale businesses. To stay afloat in the fierce competition, companies are increasing the manufacture of prefilled Syringes that are slowly replacing the traditional syringes used in the pharmaceutical and healthcare industries.
- MWR estimates that the total appeal of glass syringes on the market is quite large and is expected to provide huge growth potential for principal players in the glass syringes industry in the near term.
Glass Syringe Market: Key Findings
- The global market for glass syringes is expected to grow at 13 per cent during the forecast time. This increase is due to an increase in coronavirus cases across different countries.
- According to MWR’s analysis, the 5ml to 20ml capacity-based glass syringe market is anticipated to represent more than half the volume share of the global market. In the context of the COVID-19 pandemic and consumers’ desire for a healthier lifestyle and quick treatments for diseases are helping to boost the sales of glass Syringe.
- The use of disposable glass syringes is 80% more than recyclable glass syringes made glass to limit the chance of contamination for patients.
- End users are more likely to ask for Type 1 glass material syringes because this type of glass is less reactive to the medicine inside. This is why Type 1 glass material is anticipated to grow faster than other segments in the forecast.
- The use of glass syringes in hospitals is higher than in other sectors and is projected to exceed 14,083 units at the end of 2028.
- The Asia Pacific market will be the most profitable form 2020-2028. The market is expected to grow by 360bps of the current value share at the end of 2028.
Glass Syringe Market: Competition Landscape
- MWR Group includes outlines of major players in the most recent glass syringe market research that includes
- Hamilton Company
- Gerresheimer AG
- Nipro Corporation
- K.D. Scientific Inc.
- SCHOTT AG
- DWK Life Sciences
- Cadence Science
- Becton
- Dickinson and Company
- Socorex Isba S.A.
- Top Syringe Mfg Co (P) Ltd.
Effects of COVID-19
- Amid the pandemic spreading across the globe, it is imperative to be stocked with suitable drugs and devices. The most important tools in this situation are needles and syringes that can provide a cure to the patients who are affected.
- COVID-19 has led to an increased demand for glass syringes to aid in medical procedures and treatments. Additionally, vaccine makers worldwide have placed massive orders of syringes to inoculate. Becton, Dickinson and Company, one of the most renowned manufacturers of syringes in the U.S., have surpassed 1 billion orders for syringes worldwide.
- But, a few negatives of the epidemic could be the delayed supply of raw materials because of lockdowns across different regions. The sector is faced with numerous problems with rising prices and pressure on prices. labour issues, as well as operational difficulties