Global micro syringes sales were valued at USD 195.3 millions in 2019. In 2019, the market was expected to grow at a compound annual rate (CAGR), of 5.8% between 2020 and 2027. The market is growing due to an increasing number of research studies, and a rising volume of life sciences research investigations. Market growth is expected to be driven by increasing drug discovery, preclinical and clinical trials, as well as the increased efforts of biopharmaceutical and pharmaceutical companies to create effective products. Microsyringes are becoming more popular due to the intensive research that is being done in the pharmaceutical industry to create new drugs. Market growth is also supported by government funding for basic and early-stage research.
The drug discovery technology has seen significant progress due to advances in mass and spectrometers. Chromatographs, electrophoresis, and other tools & instrumentation. Market growth is expected to be driven by increasing drug discovery, healthcare restructuring, and a growing geriatric population.
The pharmaceutical industry is seeing a rise in the use of chromatography for the separation of chiral compounds, to analyze chemical compounds for trace contaminants and to purify them. The U.S. pharmaceutical industry is distinguished by its well-developed R&D infrastructure and strict scientific regulatory system. It also has an advanced environment that encourages investments in new drug discovery and development. The United States is a major pharmaceutical hub. Nearly one-fifth (or more) of its revenues are spent on R&D by research companies.
According to the 2018 report of the Council of Economic Advisers, the U.S. market funds approximately half of all world's medical R&D. This is expected to drive market growth. Chromatography is a key component of both the pharmaceutical and chemical industries. This method is used by the pharmaceutical industry to make extremely pure materials in greater quantities and to test the compounds for trace contaminants.
Another application of chromatography (especially HPLC) is in protein separation. This includes enzyme purification, plasma fractionation and purification insulin. It creates a large demand for microsyringes. This method is also used in many departments such as forensic science and biochemical processes.
In 2019, the autosamplers market dominated and held more than 61%. The segment is expected to grow at the fastest rate over the forecast period. It has many advantages over manual injection systems and is increasingly important in drug approvals.
The segment is growing because of the increasing acceptance of autosamplers as a means to increase accuracy. Autosamplers are more efficient and offer greater reproducibility, speed and accuracy. They can handle low volumes of samples very well.
With 65.7% of the market, the removable needle segment was dominant in 2019. These disposable syringes are reusable. Removable needles enable you to use different sizes of needles in the same syringe. They are also easy to replace in the event of bending, and they are often preferred by inexperienced users. You can also get them in different lengths and point styles.
Fixed Needles can be used easily, are not recyclable, and are economical. These needles are less expensive than disposable ones. They do not contain adhesives that can be used to attach the needle to the surface. In the event of damage, the needles cannot be repaired.
In terms of market share (44.5%) and revenue, the plastic segment was the leader in 2019. The plastic segment is expected to maintain its dominant position in the forecast period due to the growing demand for plastics and their low prices. The fastest CAGR is expected to be in stainless steel from 2020-2027.
Glass accounted for 32.0% of the market share in 2019, and will continue to do so in the future. Because glass syringes have a low engineering tolerance, and because plungers work more smoothly, this is why.
With a market share of 46.2%, laboratory was the most dominant segment in 2019. This market is expected to remain at the forefront of the market for the forecast period due to increased research and development in microsyringes. Other market segments include research institutes, pharmaceutical and biotechnological companies, and CROs.
The second largest segment is research institutes. This is due to increasing collaboration between pharmaceutical and research institutions. GlaxoSmithKline, for example, recently collaborated with University of Leicester. This collaboration was for the development and testing of new drugs to treat blood cancer.
North America dominated the global market in 2019, accounting for 38% of global share. Due to its heavy investments in R&D, technological advances in the analytical techniques that allow for the detection of proteins; compounds; and other complex molecules, it is expected to maintain its dominant position in the future. The U.S. holds a majority of the North American regional markets.
Europe is the second largest regional market, owing to increasing acceptance of chromatography syringes. Asia Pacific will experience a 7.3% CAGR over the forecast period. This can be attributed to the growing base of biotechnology and pharmaceutical industries in the region. It is expected to increase the adoption of autosamplers, thus supporting market growth.
There are only a few dominant manufacturers on the market. Hamilton Company is one such company, known for its precision microliter-sized syringes. It produces microliter syringes that can be used only with liquids and a gas-tight one for heterogeneous solutions. The following are some of the major players in the micro-syringes market:
Innovative Labor Systeme GmbH (ILS)
GL Science, Inc.
Hamilton Company
PerkinElmer, Inc.
Shimadzu Corporation
Trajan Scientific and Med
Avantor
ITO Corporation
Valco Instruments Company, Inc.
Agilent Technologies, Inc.
Up Market Research published a new report titled “Micro Syringes Market research report which is segmented by Needle Type (Fixed, Removable), by Material (Plastic, Stainless Steel), by Syringe Type (Manual, Autosampler), By Players/Companies ITO Corporation, Hamilton Company, Valco Instruments Company Inc, PerkinElmer Inc, Agilent Technologies Inc, Avantor, Trajan Scientific and Medical, GL Science Inc, Innovative Labor Systeme GmbH (ILS), Shimadzu Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Micro Syringes Market Research Report |
By Needle Type | Fixed, Removable |
By Material | Plastic, Stainless Steel |
By Syringe Type | Manual, Autosampler |
By Companies | ITO Corporation, Hamilton Company, Valco Instruments Company Inc, PerkinElmer Inc, Agilent Technologies Inc, Avantor, Trajan Scientific and Medical, GL Science Inc, Innovative Labor Systeme GmbH (ILS), Shimadzu Corporation |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 231 |
Number of Tables & Figures | 162 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Needle Type (Fixed, Removable), by Material (Plastic, Stainless Steel), by Syringe Type (Manual, Autosampler).
Micro Syringes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Micro Syringes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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