The global catheter tip syringe market is expected to register a market value of US$ 950.4 million in 2023 and is projected to accumulate a valuation of US$ 1900 million by exhibiting a CAGR of 7.1% in the forecast period 2023 to 2033. The Catheter Tip Syringe market registered a growth of 5.9% CAGR in the historical period 2018 to 2022.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 950.4 million |
| Projected Market Value in 2033 | US$ 1,900 million |
| Growth Rate (2023 to 2033) | 7.1% CAGR |
A catheter tip syringe is a type of enteral syringe that is widely used for the administration of feed or medications to patients suffering from chronic illnesses in which the patients are not able to consume food or medicines in a normal way. These disposable syringes manage the nutritional therapy or medicines to different patient groups including neonates, pediatrics, and adults.
The increasing rate of premature births resulting in neonatal hospital admissions is among the crucial factor amplifying the demand for catheter tip syringes. Also, the growing prevalence of chronic disorders like gastrointestinal diseases, cancer, and malnutrition is further expected to augment growth in the market.
A rise in the prevalence of lifestyle diseases and other disorders like diabetes and the increasing geriatric population will propel product demand in the coming years. In addition, the administration of drugs and nutritional therapy via the oral, rectal, or sublingual route is the main use of these syringes. They are often employed in clinics, hospitals, and homes and range in size from 1 ml to over 80 ml.
The newest version of the ISO-80369-3 international standard was followed in the production of recently introduced disposable enteral syringes. This will aid the market growth in the coming years. The ability of these syringes to provide medication directly into the gastrointestinal tract is fueling product sales. These syringes are widely employed to deliver oral liquid medication as well as dietary food. Catheter tip syringes perform similarly to enteral feedings and are meant for use in the same manner.
Unlike most adult drugs, children's medications are generally in liquid form, and administration of liquid food and medication by cups and spoons leads to serious errors. Thus, to reduce the instances of medication errors in children, several healthcare agencies are promoting the use of catheter tip syringes which is driving the market growth.
Geographically, North America is expected to dominate the market by accumulating over 41.2% market share by end of the forecast period. Factors such as the rising prevalence of cancer and the increase in neonatal admissions will fuel the product demand in the region. The steep rise in baby boomers with chronic illnesses and the growth in premature deliveries in the United States is propelling product sales. This rise in preterm deliveries leads to neonatal hospitalizations which is one of the important factors that will supplement the regional growth.
The growth in chronic disorders like cancer, malnutrition, and gastrointestinal diseases will have a strong impact on the market expansion. Asia-Pacific is expected to grow at the fastest CAGR of 6.9% during the projected period. The growth is attributed to the rapid increase in the infant population suffering from chronic diseases and the surging rate of premature births in India and China will augment market growth in this region.
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Recent developments and breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing catheter tip syringes are expected to create lucrative opportunities for market growth during the forecast period.
The catheter tip syringe market saw soaring growth in 2021 with worldwide volume up 8% year over year. A new forecast by FMI estimates that catheter tip syringe volume will nearly double between 2020 and 2030, reaching nearly billions of units in 2031 with a ten-year compound annual growth rate (CAGR) of nearly 7%.
Principal Consultant
The awareness regarding health has increased and customers are giving emphasis on investing in healthcare facilities. Also, the health issues related to aging people are rising, globally. Therefore, the demand for medical products is also increasing.
The catheter tip syringes are used for flushing catheters, catheter insertion and ideal for enteral feeding. It is also used for connection to intermittent and in-dwelling catheters. The catheter syringes come with a tip with easy push/pull, which is convenient without tiring the hands.
In addition, the clear barrel provides the perfect visualization of the syringe content, and the bold marking on the barrel helps in easy to read, measure, and support for accurate dosage of medication.
The catheter tip syringe has been accurately manufactured as per international standards with unique features like latex-free, double seal ring, lipid resistance, and perfect lubricated plunger. Additionally, the catheter tip syringes are non-toxic, pyrogen-free and the latex-free stopper eliminates the risk of allergic reaction to latex. A catheter tip syringe is commonly used for injecting through tubing; it does not have a needle and is widely used in hospitals, clinics, and home care settings.
The catheter tip syringe is also used for dispensing medications for children and feeding or nursing animals. They are also used in-home care uses such as refilling ink cartridges, transferring liquids from perfume bottles, transferring liquids out of perfume bottles, etc.
The growth of catheter tip syringes is increasing as it is very safe, avoids sterilization, reduces chances of contamination, and speeds up medical treatment. Therefore, the disposable or single-use catheter tip syringe market could propel growth.
The patients suffering from gastrointestinal diseases, cancer, kidney disorders are admitted into the hospital for a more extended period and are kept in the critical care units. They are unable to use the washroom independently. Therefore, the urinary catheters are used to clear the bladder. Additionally, urinary catheters are often used during surgery as the patients cannot control the bladder due to anaesthesia.
With the increase of diabetes patients worldwide, the chances of kidney disorders and urinary problems are multiplying. Due to the busy lifestyle, consumption of unhealthy and unhygienic food, being stressed, and aging resulted in many diseases, which resulted in admission into the hospitals. Therefore, the catheter tip syringes support aging, handicapped, and operated patients for helping in the urinary function.
Additionally, the stringent medical regulatory guidelines for the design and manufacture of catheter tip syringes to sustain the patient’s safety and security could propel the growth of the catheter tip syringe market.
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The catheter tip syringe is made of plastic material, and the single-use disposable syringes create much more piling and are harmful to the environment. In addition, the rise of throw-away medical supplies is trashing the environment and is responsible for landfill waste. Therefore, the single-use catheter tip syringe for bio-degradable and recyclable is a big challenge.
Additionally, disposable plastic-based syringes are used extensively due to convenience, patient safety, cost, and hygiene. However, the catheter tip syringes come in direct contact with the body fluid and blood, and the chances of contamination are more. Therefore, disposing of the catheter tip syringes is a challenging job.
Key players such as
Key Asian players such as
are actively involved in catheter tip syringe market for different applications.
The manufacturers involved in manufacturing catheter tip syringe are adopting various strategies such as innovation, and product launch to serve the increasing demand for the catheter tip syringe market.
The increasing population growth, the rise in the population of aging people, growing various chronic diseases that require the treatment using syringes create a high demand for catheter tip syringe market in India.
Due to the coronavirus pandemic, people have become more health-conscious. Therefore, the government focuses on health, sanitization, and providing funding to the medical packing companies to manufacture disposable, sterilized, and disinfectant syringes. These are the factors fuelling the growth of the catheter tip syringe market in India.
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Catheter Tip Syringe Market
