Oral Syringes Market Overview
The market is projected to reach US$ ~7.3 Bn by 2031, and is expected to witness a CAGR of around 6%, during the assessment period 2021-2031.
An oral syringe is dispensing suspensions and liquid solutions used to give almost any medication available as a tablet, capsule or oral liquid which delivers medication orally directly in the mouth of the patient.
It can be used by any age group people and is also used several times by an individual patient. Oral syringes are used for gradually increasing/decreasing dose of medication, also called a taper for babies and children. Oral syringe dispenses precise and accurate measurement of medications which allows flexibility of dosing to meet individual medicine needs.
According to latest research, oral syringes market is estimated to witness higher growth during 2021-2031. The market will show high growth in coming years, owing to rise in number of geriatric population. Moreover, high cost of dose cups and droppers is expected to restrict the future growth of the oral syringes market.
What is Driving Demand for Oral Syringes Market?
Factors such as increasing number of day care surgeries ambulatory, increasing birth rate across the world, and rise in adoption of oral syringes are driving the growth of oral syringes market.
Oral syringe used to measure the medication that is to be given to the patient including adults, pediatric, and neonatal by using a medicine cup or spoon. Thus rise in number of geriatric population propels the growth of the oral syringes market. Also increase in number of premature neonates in Neonatal Intensive Care Units (NICU) affects the oral syringes market in recent years.
Increasing growth of Pharmaceuticals Industry and Increasing Incidence of Cancer in the Children Is Driving the Adoption of Oral Syringes Market
The global pharmaceuticals industry is estimated to grow at healthy CAGR over the forecast period which ultimately fuels the growth of the oral syringes market.
Growing number of disease cases present in a particular population at a given time caused due to improper amount of consumption of doses increases in recent years which propels the growth of the oral syringes market.
For instance, in February 2021, as per the World Health Organization (WHO), each year, 400 000 children and adolescents of 0-19 years old diagnosed with cancer. It need to take a medicine in accurate measurement and oral syringes to cure such critical decease and it helps to reduce the medication errors in children and other patients as well.
Thus increasing demand of oral syringes in pharmaceuticals industry augments the growth of the oral syringes market.
North America Oral Syringes Market Outlook
North America is estimated to account the highest oral syringes market share. The growth of the oral syringes in North America region witnesses high growth, owing to increasing awareness about healthcare and increasing cases of chronic diseases.
In the United States, the chronic diseases occurs in most prevalent and costly health conditions. Nearly half (45%, or 133 million) of all Americans diagnosed with at least one chronic disease. Thus increasing number of chronic diseases in North America region fuels the demand of oral syringe market.
For instance, in July 2020, Smiths Medical announced strategic partnership with Biomedical Advanced Research and Development Authority (BARDA) which is a part of the U.S. health and human services office.
The partnership helps to enlarge the capacity at Smiths Medical facility in Keene, New Hampshire, for the purpose of production syringe products and integrated hypodermic needle which supports the government’s COVID-19 vaccination efforts. Such developments fuel the growth of oral syringes market.
Also North America has presence of key vendors which provides the oral syringes market including Smiths Medical, Braun Melsungen AG, Cardinal Health, and BD. Presence of such top key player and their key growing strategies drives the demand oral syringes market in North America region.
Europe Demand Outlook for Oral Syringes Market
Europe is the second largest contributor to oral syringes market after North America, owing to increasing purchasing power and availability of new technologies in the top European economies such as France, Germany, Italy, Spain and U.K.
For instance, in December 2020, BD invested $1.2 billion for 4-year. It helps company to upgrade and expand technology and manufacturing capacity for advanced drug delivery systems (ADDS) and pre-fillable syringes (PFS) among six manufacturing locations globally. It adds a new manufacturing facility in Europe.
Adoption of advanced healthcare infrastructure and increasing the pediatric and geriatric population in Europe region augments the demand for oral syringe market. As well as, stringent government regulations in pharmaceuticals sector in countries like France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the oral syringes market.
Who are the Major vendors of Oral Syringes Market?
Some of the leading vendors and companies of oral syringes market include
- Amcor LimitedAG.
- Braun Melsungen
- Dickinson and Company
- NIPRO Corporation
- CODAN Medizinische Geräte GmbH & Co KG
- Smiths Medical
- Gerresheimer AG
- Terumo Corporation among others.
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spend millions of dollars into product research and development to carry off the needs of their customers for oral syringes market.
Furthermore, many companies are focusing on acquiring small and mid-sized organizations present in this market.
For instance, In March 2019, Amcor acquired Bemis. This acquisition helps company to conduct capabilities, additional scale, and footprint that strengthen company’s industry leading value proposition. It helps company to make responsible packaging for beverage, food, pharmaceutical, home and personal care, medical, and other consumer products.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Clear Oral Syringes
- Colorful Oral Syringes
- Bariatric Glass Syringes
- Plastic Syringes
- Disposable Oral Syringes
- Reusable Oral Syringes
By End User:
- Homecare Settings
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa