The global sales of luer lock syringe are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.4 billion by 2031. Sales are projected to rise at a CAGR of 6.5% over the forecast period between 2021 and 2031. The revenue generated by luer lock syringe market in 2020 was USD 1.2 billion.
The luer lock syringe market is driven by an increase in demand for safety and precision in medical procedures, especially in drug delivery and vaccinations. This is further enhanced with an upsurge in chronic diseases that need the frequent and precise administration of medications, hence increasing demand for the use of Luer lock syringes.
These syringes ensure a secure connection between the needle and syringe, hence reducing leakage or dislodgment of a needle accidentally. Also, growth in healthcare infrastructure, along with increasing awareness related to infection control and patient safety, is further likely to boost the demand.
A surge in the approval of injectable drugs and advancement in biopharmaceuticals also drives market growth. A global focus on developing health standards and reducing medical errors further adds to the growing market.
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.2 billion |
| Estimated Size, 2021 | USD 1.3 billion |
| Projected Size, 2031 | USD 2.4 billion |
| Value-based CAGR (2021 to 2031) | 6.5% |
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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.
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.
Principal Consultant
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.
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.
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The following global key players such as
Key Asian players manufacturing luer lock syringes
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 USA-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.
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 USA 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.
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Luer Lock Syringe Market
