Global ampoules and syringes market is expected to grow at a compound annual growth rate of 6.43% to reach a market size of US$7.909 billion by 2024 from US$5.441 billion in 2018. Ampoules refer to small vials which are used for storage of medicines or samples in solid or liquid form. Syringes are medical instruments used to inject fluids into and from the body. The rising number of health issues owing to the unhealthy lifestyle is expected to drive the market for ampoules and syringes. Further, growing geriatric population is also one of the factors fuelling the market. Moreover, the increased adoption of injectable drugs coupled with growing number of vaccinations across the globe is anticipated to boost the market in the coming years. The growing preference for safe transportation of medicines is also a factor propelling the demand for ampoules.
Additionally, technological advancements like advent of smart syringes is expected to widen up the growth opportunities for the market. However, presence of alternatives is anticipated to hamper the market growth. The market has been segmented by product type, size, end user and geography. In the product type segment, the plastic syringes and plastic ampoules are expected grow substantially on account of the wide usage of these ampoules and syringes in hospitals and other medical institutes. Further, in the end user segment, hospitals are projected to hold significant share on account of the rising number of patients leading to growing usage of syringes and ampoules. Geographically, Asia Pacific is projected to grow at a notable rate due to the rising infrastructure activities for hospitals and manufacturing of syringes and ampoules in developing countries like India and China.
Growing number of chronic diseases
Budding healthcare industry
Availability of substitutes
In December 2018, Terumo Corporation launched PLAJEX pre-fillable Syringes in Europe.
Terumo Corporation announced a capital investment of 7 billion Yen for construction of an additional production facility for pre-filled syringes at the headquarters plant at Terumo Yamaguchi D&D Corporation, a Terumo subsidiary.
The major players profiled in the Ampoules and Syringes market include Terumo Corporation, B. Braun Melsungen AG, Zeon Corporation, Baxter International Inc., Topas Advanced Polymers Gmbh, Stevanato Group, Schott AG, Becton, Dickinson and Company, West Pharmaceutical Services Inc., Gerresheimer AG, Hindustan Syringes & Medical Devices Ltd., Lifelong Meditech Private Ltd. and NIPRO Corporation among others.
The Ampoules and Syringes market has been analyzed through the following segments:
By Product Type
Above 10 ml
30 cc and above
By End User
Hospitals & Clinics
Middle East and Africa