Micro Syringes Market (2023 - 2030) Size, Share & Trends Analysis Report By Syringe Type (Autosampler Syringes, Manual Syringes), By End-use (Hospitals, Outpatient Facilities, Research & Manufacturing), By Region, And Segment Forecasts

Micro Syringes Market Size & Trends

The global micro syringes market size was estimated at USD 219.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The market is expanding as a result of the rise in both the volume and number of life science research projects. Preclinical research, clinical trials, and drug observations are expected to boost the market growth as pharmaceutical and biomedical businesses strengthen their efforts to manufacture effective medicines. Due to the medical device sector's intensive research efforts to generate novel treatments, there is an increasing need for micro syringes. In addition, commercial expansion is encouraged by government financing for primary and basic research.

The existence of significant players in this sector is anticipated to produce profitable market expansion. Agilent Technologies Inc. has partnered with Akoya Biosciences in January 2023 to promote the development of Multiplex Tissue Assays for Biopharma applications. The new assays will speed up the progression of research findings to clinical testing and assist scientists and healthcare providers in fulfilling patient selection criteria for novel treatments in the U.S. Agilent intends to set aside USD 22 million for the growth of its Newport facility. COVID-19 has further underscored the significance of accurate and efficient liquid handling in vaccine development and testing, driving up the demand for micro syringes.

End-use Insights

The hospitals segment accounted for the largest revenue share of around 47.0% in 2022. Different types of micro syringes are frequently needed in hospitals to accommodate various medical specializations, including diagnostics, anesthesia, and oncology. The segment's growth is being driven by factors such as improvements in patient care, ongoing medical technology development, and advances in healthcare practices.

The outpatient facilities segment is estimated to register the fastest CAGR of 6.5% over the forecast period. The growing tendency toward ambulatory services and outpatient care is in line with the flexibility and convenience of outpatient facilities. The micro syringes industry under this segment is anticipated to have continuous expansion driven by technology improvements and a focus on patient-centric healthcare solutions, as outpatient clinics continue to expand and diversify their medical offerings. For instance, the essential guidelines for prevention and control of infections by the CDC for safe healthcare provision in all environments.

Regional Insights

North America dominated the market with the largest revenue share of over 40% in 2022 and is expected to maintain its dominance during the forecast period. Major factors contributing to the growth of this region include the growing incidence of chronic illnesses, improvements in healthcare technologies, and heavy investments in R&D. For instance, Agilent plans to allocate $22 million for the expansion of its Newport plant. The COVID-19 pandemic has also highlighted how important, precise, and effective liquid handling is for vaccine development and testing, which has increased the demand for micro syringes even more.

Asia Pacific is expected to grow at the fastest CAGR of 7.6% during the forecast period. Automation and digital advancements are being incorporated into micro syringes by laboratories and healthcare facilities to improve operational efficiency in the region. Cooperative efforts and regional standardization of legislation may significantly influence the regulatory landscape for medical devices in the larger Asia Pacific region.

Syringe Type Insights

The autosampler syringes segment accounted for the largest revenue share of around 63.0% in 2022 and is estimated to register the fastest CAGR of 6.4% over the forecast period. Autosampler syringes are precise instruments used by researchers in lab settings to automatically inject liquid samples into instruments like liquid or gas chromatographs. These syringes are a crucial component of automated systems because they allow for high-throughput sample analysis with a reduced requirement for human involvement.

These syringes increase the efficiency and dependability of analytical processes and are particularly helpful in environments like forensic, pharmaceutical, and environmental laboratories where precision and consistency are essential. For instance, PerkinElmer, Inc. uses these autosampler syringes for routine analysis. Every clarus GC instrument comes with a conventional needle with a metal plunger in the barrel that is sealed with a PTFE tip.

Key Companies & Market Share Insights

The micro syringes industry is highly competitive, with a large number of manufacturers accounting for most of the market share. Syringes launches, approvals, strategic acquisitions, partnerships, and innovations are just a few of the important business strategies used by market participants to maintain and grow their global reach.

Micro Syringes Market Report Scope

Global Micro Syringes Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global micro syringes market report based on syringe type, end-use and region:

• Syringe Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Autosampler Syringes

  • Manual Syringes

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Outpatient Facilities

  • Research & Manufacturing

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait