South America Syringe Market Size (2024 - 2029)

South America Syringe Market Analysis

The South America Syringe Market size is estimated at USD 0.76 billion in 2024, and is expected to reach USD 1.06 billion by 2029, growing at a CAGR of 6.99% during the forecast period (2024-2029).

The major factors driving the growth include the rising burden of chronic diseases and infectious diseases, an increase in the number of mass vaccination programs, and a rise in the trend of plastic surgery in the region, along with greater dose precision associated with injections. For instance, according to an article published by the International Journal of Legal Medicine in March 2022, approximately 66,280 women were affected with breast cancer, revealing that there were 44 cases of breast cancer for every 100 women in 2022 in Brazil. Additionally, the World Health Organization (WHO) estimated that the incidence of breast cancer among Brazilian women in the next 20 years would increase by 47%. Thus, as breast cancer cases rise, the number of patients requiring injectable medications will also grow, hence boosting the market growth.

Each vaccination typically requires a single-use syringe to ensure sterility and prevent disease transmission. Expanding the vaccination program will necessitate a vast quantity of syringes. For instance, according to the Ministry of Health of Brazil, in April 2022, Brazil initiated the National Immunization Program, responsible for developing Brazil's vaccination policy. Under this program, Brazil's Unified Health System (SUS) provides a comprehensive, free immunization program, offering over 20 vaccines to protect against various diseases. This program includes 17 vaccines specifically for children and seven for adolescents. Argentina is one of the top 10 countries worldwide experiencing a surge in the number of 'zero-dose' children who have not received any vaccinations despite being eligible. For instance, according to the United Nations International Children's Emergency Fund (UNICEF) in May 2023, the Argentinian government focused on the distribution of immunization vaccination among children at zero cost. This surge in demand benefits South American country's syringe manufacturers to meet their vaccination needs. The rise in Brazilian vaccinations will catalyze the entire South American syringe market.

Moreover, plastic surgery relies on syringes for various purposes. Anesthesia is often administered with syringes, and certain cosmetic procedures involve injectable fillers like Botox. The rise in plastic surgery translates to a greater demand for syringes used in these procedures. For instance, according to the Brazilian Society of Plastic Surgery, in August 2023, two million plastic surgery procedures were performed. Thus, the growing popularity of plastic surgery in Brazil will increase the need for syringes used in anesthesia, fillers, and other aspects of the procedures. This will fuel the growth of the market during the forecast period.

Additionally, manufacturers focus on distribution agreements and partnerships to launch and distribute syringes in the South American market. For instance, in July 2022, NuGen Medical Devices Inc. reported a five-year exclusive sales and distribution agreement with SOL-MILLENNIUM Medical Group. Sol-M has a global presence with additional offices in Brazil. Originally a leading producer of plastic molds for the global medical industry, Sol-Millennium was a syringe mold producer. Similarly, in September 2022, BD introduced a next-generation glass pre-fillable syringe (PFS) that sets a new standard in performance for vaccine PFS with new and tightened specifications for processability, cosmetics, contamination, and integrity.

Therefore, the factors mentioned above, including the rising burden of chronic and infectious diseases, an increase in the number of mass vaccination programs, especially for children, and a rise in the trend of plastic surgery in the region, are collectively attributed to the studied market growth over the forecast period. However, growing cases of needle-stick injuries, coupled with the high cost of safety syringes and the availability of alternate drug delivery methods, are expected to hinder market growth during the forecast period.

South America Syringe Industry Segmentation

As per the report's scope, the syringe is a medical device 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 South American syringes market is segmented by usage, application, and geography. By usage, the market is segmented into sterilizable or reusable syringes and disposable syringes. By application, the market is segmented into diabetes, botox, osteoarthritis, human growth hormone, and other applications. By geography, the market is segmented into Brazil, Argentina, and the Rest of South America. The report offers the value (in USD million) for the above segments.