The global sales slip tip syringe market are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.0 billion by 2031. Sales are projected to rise at a CAGR of 5.0% over the forecast period between 2021 and 2031. The revenue generated by slip tip syringe in 2020 was USD 1.2 billion.
Slip tip syringe is an important element in medical device industry which is mainly used in healthcare for medical administration, vaccination, laboratory procedures. These syringes are easy to use which makes them popular for home and clinical applications. Aging population, growth in healthcare services, increasing chronic diseases, are fueling the demand for syringes.
Their user friendly designs and versatility is favouring the market growth. Surge in vaccination due to rising infectious diseases has increased the slip tip syringe demand. Enhancement in functionality and safety of slip tip syringes is happening due to innovations in syringe designs. Rising home healthcare services and self-administration of slip tip syringes is pushing the market.
Global Slip Tip Syringe Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.2 billion |
| Estimated Size, 2021 | USD 1.3 billion |
| Projected Size, 2031 | USD 2.0 billion |
| Value-based CAGR (2021 to 2031) | 5.0% |
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Syringe bodies featuring a plain, small connection is known as slip tip and are useful for when the syringe is being connected to something. These syringe barrels allow the needle to slip over the tip and compress for easy installation/removal.
These can also be referred to as luer slip syringes. Slip tip syringe are used for a single patient only as it cannot be reused. Slip tip syringe offers bold scale printing for accurate dosage of medication and individually packaged in sterile packs. This slip tip syringe allows for a needle to be pushed on to the tip when required, they can be used for administration of medication and subcutaneous injections.
Its eccentric tip allows an attached needle to be in line with the syringe walls for accurate injection. A slip tip syringe is a medical device that is used to administer medicines through parenteral routes. Therefore, due to the safe connection of syringe and needle the specific demand for slip tip syringe is increasing and estimated to supplement the sales of slip tip syringe during the forecasted period.
In healthcare sector, the foremost thing is the treatment of patients which is done by using medical devices and medicines. For any kind of treatment for a patients the syringes needed which has increased the consumption of slip tip syringe.
These syringe offers features such as reinforced tip, easy-to-read calibration, autoclavable, and double-sealed rubber plunger due to which they are commonly utilize in healthcare sector. On the back of its several features, these syringes are predominantly used in hospitals, clinical labs and medical institutes which raise its sales substantially.
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Nowadays, the healthcare sector has seen a tremendous rise as well as change in the consumption of medical equipment such as syringe, catheter and others. Also, the demand for point-of-care administration has increased in the healthcare industry.
The trend that are recently observed that the slip tip syringe provides clear barrel with bold scale markings, a tapered plunger rod for ease of aspiration and a siliconized barrel for easy operation which has increased the utilization of these syringe and is expected to boost the demand for slip tip syringe.
A high cost associated with safety syringe, the rise in the incidence of needle-stick injuries is restricting the market growth of slip tip syringe market. Another factor that is hindering the market growth is the usage of different route of drug administration to the patients is likely to hamper the growth of the slip tip syringe market.
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Global Players:
Asian Players:
The key players adopt various strategies such as product launch, merger & acquisition, innovation and others to survive the competition in the market.
Germany is one of the largest exporters of healthcare products as it benefits from excellent infrastructure and a highly-skilled workforce coupled with it has the most consumer oriented and restriction-free healthcare system. In Germany, the country offers attractive opportunities and a favourable investment climate for healthcare industry which is driving the growth of the slip tip syringe market.
The healthcare industry has observed a significant demand for syringes and other medical equipment due to the COVID-19 outbreak. The usage of slip tip syringe has tremendously increased as they are used to conveyance the vaccines where the precise dose is needed and they are safe as well as it helps in avoiding the risks of overdosing. The use of the syringe in the healthcare sector is likely to boost the sales and demand for the slip tip syringe.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Capacity 6.2. Usability 6.3. End Users 7. Global Market Analysis and Forecast, By Capacity 7.1. 1-3 ml 7.2. 3-6 ml 7.3. 6-10 ml 7.4. More than 10 ml 8. Global Market Analysis and Forecast, By Usability 8.1. Sterilizable/Reusable Syringes 8.2. Disposable Syringes 9. Global Market Analysis and Forecast, By End Users 9.1. Hospitals 9.2. Medical Institutes 9.3. Clinical and Research Labs 9.4. Blood Banks 9.5. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. The Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. The Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Capacity, Usability, and End Users for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Merck KGaA 19.2. Nipro Corporation 19.3. Air-Tite Products Co., Inc. 19.4. Sino Mould 19.5. Famacy Group 19.6. Cardinal Health 19.7. Grovet B.V. 19.8. Goldenwellgroup 19.9. Becton 19.10. Dickinson and Company
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Slip Tip Syringe Market
