Glass Syringe Market Size is Forecasted to Reach US$ 20.59 Billion by 2027

The global Glass Syringe market size is forecasted to reach from US$ 15.20 Billion in 2021 to US$ 20.59 Billion by 2027 and is anticipated to grow at compounded annual growth rate (CAGR) of 8.7% from 2021 to 2027, as per reports by market research and consulting organization Nova one advisor.

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In terms of growth, the global glass syringe market is projected to witness rapid growth rate by the end of 2027, owing to the increasing scope of glass syringes in end-use industries such as personal care, food & beverages, healthcare, etc. About this, Nova one advisor offers detailed insights and forecasts in the hygiene packaging market report. Glass syringes are an integral part of the healthcare sector, since it ensures correct drug delivery and accurate dosage of medicines to patients. Barrier properties and chemical resistance of glass make it the foremost choice for syringes. It is used in clinical medicines to inject liquids, gases, and serums. Increased focus in medical research and development sector is to further elevate the usage of glass syringes in the market. Nowadays, many drugs could be self-administered and syringes could be used by patients at home. Rise in chronic disease such as diabetes, cancer, and respiratory diseases and amplified the usage of glass syringes. Unhealthy lifestyle, climatic conditions, and hereditary factors are some of the reasons that contribute to these protracted illnesses.

Increasing Number of Healthcare Centers Propelling Exponential Demand for Glass Syringes

Healthcare sector is one of the largest sectors in the world, in terms of employment as well as revenue. It comprises medical services, hospitals, clinics, medical tourism, medical equipment, and medical research and development. Healthcare sector is constantly growing due to its services, increasing chronic diseases, and urbanization. Glass syringes are important apparatus in healthcare sector since it helps in accurate delivery of drugs and medicines.

Healthcare sector is marked by few significant aspects. One of it being government policies in healthcare market. Price sensitivity is significantly low in healthcare sector, demand for healthcare services is highly price inelastic. Drugs and medicine prices are highly unchanged regardless of needs, costs of services, and demand in the market.

In order to maintain the medical hygiene issues, key players are using advanced technologies for manufacturing glass syringes that ensure quality attributes of the inside products such as low chemical reactivity, no water absorption, and high heating point during production.

Report Coverage

Report Highlights Details
Market Size US$ 20.59 Billion   by 2027
Growth Rate CAGR of  8.7% From 2021 to 2027
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2027
Segments Covered Syringe Type,Syringe Type,Capacity,End Use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Hamilton Company, Gerresheimer AG, Merck KGaA, KD Scientific Inc., SCHOTT AG, DWK Life Sciences, Cadence Science, Becton, Dickinson and Company, Socorex Isba S.A., and Top Syringe Mfg Co (P) Ltd.
Upsurge in Drug Manufacturing to Shape Glass Syringe Market
  • A glass syringe is typically made of a cylindrical borosilicate glass tube, which is fitted with a piston that pushes out the liquid or serum through a needle attached to the end of the tube. It is primarily used in the medical sector to vaccinate or inject (shot) patients against certain ailments or as an administering drug. Usage of glass syringes has amplified in drug manufacturing and research laboratories due to ongoing antivirus research.
  • Precision in drug delivery is imperative for therapies to be effective, and syringes are considered as the most efficient medium enabling accurate dosage of drugs. Combination therapies are considered reliable source of treatment for complex patients.
  • With increase in the challenging situation during the COVID-19 pandemic phase, the gains in the global glass syringe market have increased significantly. Therefore, the year-on-year growth rate in the 2020 year-end has been increased by nearly 12% in comparison with 2019.
Innovations in Glass Syringes to Propel Sales
  • Pre-filled syringes are a key innovation in the pharmaceutical market with its advantages and more convenience. It has developed as one of the emerging choices for unit dose medicines. It not only eliminates drug wastage, but also increases the life span of the product and makes it convenient for the patient to self-inject themselves without the fear of over or underdose of any medicine. More inclination toward pre-filled syringes among end users is witnessed in the past year.
  • Pre-filled syringes are used as vaccines, blood stimulants, and as therapeutic proteins for patients, which results in its rapid growth in the market. Pre-filled syringes not only eliminate dosing and marking errors but also is easy and safe to use. Barrier properties and low chemical reactivity make glass as the first choice for the material used in pre-filled syringes. However, challenges such as drug stability, quality control, and other factors could give rise to other materials for pre-filled syringes in future.
  • Becton, Dickinson and Company unified with BARDA (U.S. Biomedical Advanced Research and Development Authority) for US$ 70 Mn project to expand its needles, syringes and other medical equipment production at Nebraska facilities due to COVID outbreak
Growing Healthcare Sector to Drive Glass Syringe Market
  • Increase in health issues due to unhealthy lifestyle of people and growth of healthcare sector in the U.S. contribute to the expansion of the glass syringe market
  • Cancer patients required considerable use of healthcare resources. The high burden of cancer is leading to the increasing demand for effective treatment measures. The demand for glass syringes is, therefore, expected to remain considerably high all over the world.
  • Coupled with favorable government policies, a surging incidence of cancer will keep the demand for glass syringes high
  • However, tough rivalry in the U.S. market is anticipated due to the presence of many strong and organized players. This is further increasing entry barriers for new player and small-scale industries. In order to survive in the cut-throat competition, manufacturers are increasing the production of prefilled syringes, which are gradually replacing the use of traditional syringes in healthcare and pharmaceutical industries.
  • TMR predicts that the overall attractiveness of glass syringes in the market is relatively high and anticipated to create lucrative growth opportunities for the key players of glass syringes market in the near future

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Recent report on the Glass Syringe market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Glass Syringe market analyzes the scenario for the period of 2019 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Glass Syringe market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Glass Syringe market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Glass Syringe market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Glass Syringe market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Glass Syringe market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Glass Syringe market is analyzed at both regional and country levels.

Some of the prominent players in the Glass Syringe market include:

Hamilton Company, Gerresheimer AG, Merck KGaA, KD Scientific Inc., SCHOTT AG, DWK Life Sciences, Cadence Science, Becton, Dickinson and Company, Socorex Isba S.A., and Top Syringe Mfg Co (P) Ltd.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Glass Syringe Market Segmentation

Glass Syringe Market by Syringe Type

  • Disposable
  • Reusable

Glass Syringe Market by Material Type

  • Type-1 (Borosilicate Neutral Glass)
  • Type-2 (Surface Treated Borosilicate Glass)
  • Type-3 (Soda Lime Glass)

Glass Syringe Market by Capacity

  • Up to 1 ml
  • 1 ml to 5 ml
  • 5 ml to 20 ml
  • Above 20 ml

Glass Syringe Market by End Use

  • Hospitals
  • Research Laboratories
  • Drug Manufacturing
  • Clinical Research

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia],
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland],
  • North America [United States, Canada, Mexico],
  • South America [Brazil, Argentina, Columbia, Chile, Peru].
  • Middle East & Africa [GCC, North Africa, South Africa],

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Glass Syringe market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Glass Syringe market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Glass Syringe market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Glass Syringe market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Glass Syringe are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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