Asia-Pacific Syringe Market Size (2024 - 2029)

Asia-Pacific Syringe Market Analysis

The Asia-Pacific Syringe Market size is estimated at USD 4.09 billion in 2024, and is expected to reach USD 6.36 billion by 2029, growing at a CAGR of 9.23% during the forecast period (2024-2029).

The Asia-Pacific syringe market is anticipated to grow with the increasing prevalence of chronic and infectious diseases, rising mass vaccination programs, and manufacturers focusing on launching the product in Asia-Pacific. Over the past decade, there has been an increase in the burden of various chronic complications that require medical interventions and medications that utilize syringes.

Asia-Pacific faces a significant burden of chronic diseases, including cancer, kidney failure, and cardiovascular diseases. To manage these conditions, therapeutic drugs are often administered through syringes, highlighting the importance of syringes in the region's healthcare systems. For instance, as per the data published by the International Agency for Research on Cancer (IARC) in 2023, cancer cases are expected to increase in China in the coming years, with 5.20 million in 2025 and 5.81 million in 2030. Such an increasingly high burden of cancer is anticipated to bolster the volume of chemotherapy, and it will increase the demand for syringes for the administration of drugs, which will increase the growth of the market in the coming years.

Additionally, Japan's large-scale vaccination program necessitates a significant supply of syringes. For instance, according to NHK (Nippon Hōsō Kyōkai) World-Japan, in March 2022, Japanese authorities approved a public vaccination campaign for children between the ages of 5 and 11. In March, many municipalities commenced vaccinating individuals within that age group. Therefore, the rise in syringe demand from Japan will act as a major driver for the Asia-Pacific syringe market, and the surge in production capacity is likely to benefit other countries in the region as well.

Moreover, the recent developments by the market players in Asia-Pacific are expected to increase the penetration of the syringes, which is expected to boost the market growth during the forecast period. For instance, in March 2024, HMD launched Dispojekt, a disposable single-use syringe, an indigenous single-use safety syringe, to reduce cases of needle stick injuries. Further, in April 2023, Delta Med Group and DBM, a leading pre-filled syringe manufacturer, joined forces to expand their product offerings and research capabilities. This strategic partnership leverages the complementary strengths, enhancing their ability to serve customers. The combined entity will benefit from significant synergies, propelling its growth trajectory.

Therefore, the market is anticipated to grow during the forecast period due to the aforementioned factors, such as growing cancer cases, rising public vaccination campaigns for children, and key manufacturers focusing on developing syringes. However, the high number of needle-stick injuries, high cost of safety syringes, and alternate drug delivery methods are likely to impede the market's growth.

Asia-Pacific Syringe Industry Segmentation

As per the scope of the report, the syringe is a device medical professionals use to transfer liquids into or out of the body. It is made up of a hollow needle, which is attached to a tube and a plunger. The Asia-Pacific syringe market is segmented by usability, material, type, application, and geography. By usability, the market is segmented into sterilizable syringes or reusable syringes and disposable syringes. By material, the market is segmented into glass and plastic. By type, the market is segmented into general and specialized syringes. By application, the market is segmented into diabetes, botox, osteoarthritis, human growth hormone, and other applications. By geography, the market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia-Pacific. The report offers the value (in USD) for the above segments.