Newly released data from luer lock syringe market analysis shows that global demand of overall luer lock syringe market is forecasted to year-on-year (YoY) growth of nearly 8% in 2021 and reach millions of units by 2031. Prominent sales of plastic luer lock syringe is expected in the global market attributing to minimizing risk of contamination and need of preventing accidental removal of needle.
Global Luer Lock Syringe Market: Market Outlook
A luer lock syringe is a locked type of syringe, wherein the needle can be completely twisted and locked into a place that provides a secure connection and preventing accidental removal of needle and contents by ensuring no leakage of liquids.
Luer lock syringe consists of a syringe that is attached to a syringe pump which prevents the disconnection thereby preventing spillage of drugs, especially during the IV administration. The secure connection between the needle and the drug to be administered during the complete administration process aids ease & convenience while using the luer lock syringe while saving the time to complete the procedure.
Thereby, the luer lock syringe is the ideal way of drug administration while avoiding medication leakage and potential needle disengagement.
What are the Key Trends Impacting Growth of the Luer Lock Syringe Market?
The innovations and emerging technology in the healthcare sector are gaining traction in recent days and growing demand for the luer lock syringe market. The integrated seal cap in the luer lock syringe consists of an elastomeric component which is available in various formulations and a translucent, rigid polymer cap. This results in the increased shelf life protection of the luer lock syringe and also leading to offer greater stability.
A cap-lock adapter in the luer lock syringe is the new security concept that combines a cap adapter and a label. Cap-lock technology irreversibly indicates whether the syringe has been previously opened while ensuring the integrity of the container.
How is the Demand for Ease & Convenience in Healthcare Industry Uplifting the Luer Lock Syringe Market?
The healthcare industry is in recent years is evolving like anything owing to the remarkable innovations especially in the area of vaccines and also due to the adoption of the latest technology while manufacturing a medical product.
The luer lock syringe not only prevents the loss of drug or medicinal liquid from the syringe but also leads to ease & convenience while the entire administration process. The locking technology in the luer lock syringe helps to lock the drug inside the container or syringe while the administration process which also reduces waste and the time for administration of the medicine, especially during the IV procedure.
What Are the Key Challenges That May Restrain the Growth of the Luer Lock Syringe Market?
Before the administration of the medicine to the patient, the practitioner needs to draw the contents from the vial into the syringe which leads to loss of time and inconvenience. Also, the cost of the luer lock syringe is more in comparison to the traditional syringe. The luer lock syringe also needs the knowledge and skills owing to the high skilled technology embedded in the luer lock syringe to administer the drug content to the patient.
The following global key players such as
- AdvaCare Pharma
- Nipro Europe Group Companies
- Terumo Europe NV (Terumo Pharmaceutical Solutions)
- COMPET MEDICAL AG
- Becton Dickinson
- Company, Gerresheimer AG
Key Asian players manufacturing luer lock syringes are
- IndoSurgicals Private Limited
- Advin Health Care
- Sign For Safety Pvt Ltd.
- Mediplus India
- Medis Medical
- Swastik Enterprise
- Anatco Enterprises Pvt Ltd.
- Forlong Medical Co., Ltd.
- Taisei Kako Co., Ltd.
What strategies are the Key Players Adopting for Increasing their Market Share in the Luer Lock Syringe Market?
The manufacturers involved in the manufacturing of the luer lock syringe are involved in the innovations owing to the research & development activities and the key players are involved in the merging with the distributors to scale up the manufacturing of the product.
- In June 2021, German-based firm, Schreiner MediPharm, which is a well-known global supplier in the healthcare industry has joined hands with US-based firm, Plas-Tech Engineering, a manufacturer of pre-filled syringes to offer a full-provisional solution for luer lock syringes with reliable tamper evidence.
Why is the U.S. a Big Market for Luer Lock Syringe Market?
The continuous technological advancements and the research & development activities in the healthcare sector have led to soaring the market for luer lock syringes. Adding to this, the huge presence of pharmaceutical companies in the U.S. is also boosting the market for luer lock syringes which is anticipated to mark a significant growth to the luer lock syringe market in the coming days.
- Becton, Dickinson and Company (BD) one of the leader for manufacturing injectable devices has crossed a milestone of 2 Billion injections in support of global COVID-19 vaccination.
How India’s Syringe Manufacturers Are Gearing to Meet Increasing Demand as World Needs Multiple COVID Vaccines?
Amid COVID-19 pandemic, India’s leading manufacturers such as Hindustan Syringes and Medical Devices is planning to nearly double the production capacity and expected to reach manufacturing of 1,000 million units in 2021. Increasing vaccination drives in India has created demand of nearly 9 million units for single dose of COVID-19 vaccine. This might increase further to nearly 3,000 million for multiple doses. On the back of these estimation, Indian key players are rapidly increasing their syringes manufacturing capability.
How has the COVID-19 Pandemic impacted the Luer Lock Syringe Market?
The COVID-19 pandemic has slightly affected the luer lock syringe market, the reason being a disruption in the transportation and supply chain management owing to the stringent rules and regulations imposed by the regulatory bodies. However, the upliftment of the rules and regulations while the declining impact of the pandemic situation is forecasted to uplift the luer lock syringe market.
Key Segments of Luer Lock Syringe Market Covered in the Report
Based on Material:
Based on the Capacity:
- Up to 1 ml
- 2 ml to 10 ml
- 11 ml to 20 ml
- Above 20 ml
Based on the Design:
Based on the Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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