Micro Syringes Market– Statistics And Analysis & Forecast To 2027

Posted by Mrudula Anil Karmarkar on May 24th, 2021

The global micro syringes market size is expected to reach USD 303.7 million by 2027 registering a CAGR of 5.8%, according to a new report by Grand View Research, Inc. The increasing number of research studies and a rising volume of life science research investigations are boosting the market growth. Stringent regulations that have increased the requirement of the chromatography tests in the drugs approvals is also supporting the market growth.

Laboratories have emerged as multipurpose research facilities, in which different types of testing mechanisms, research analogies, and novel developments are being carried out. This has also led to an increase in the demand for laboratory products. Moreover, the trend of research-based studies has been gaining traction over the past decade. This has resulted in the development of new laboratories in academic institutes, thereby boosting the demand for the product.

Research studies & innovations are increasing at a high rate to meet the rising demand in industries, such as pharmaceuticals and life sciences. Testing new products at a lab-scale and then transferring to the manufacturing level concludes research in these industries. To meet the increasing demand for laboratory disposables and to enable companies to sustain their growth in the market, investments in R&D in the abovementioned industries are increasing.

Advancements in mass spectrometers, chromatographs, electrophoresis systems, and other tools & instruments have led to progress in the drug discovery technologies. Thus, an increasing number of drug discoveries, rising geriatric population, and healthcare restructuring are anticipated to propel the market growth.

Micro Syringes Market Report Highlights

• Autosampler segment is anticipated to register the fastest CAGR of 6.0% over the forecast period due to the increasing use of autosampler in pharmaceutical industry as it provides better reproducibility and high accuracy
• The removable needle segment led the market in 2020 with a market share of 65.7%. This is due to the fact that removable needles allow using different sizes of needles on the same syringe barrel
• The laboratory end-use segment dominated the market with a share of 46.2% in 2020 owing to the increasing use of syringes in laboratories
• North America held the maximum share of 38.1% in 2020 due to the technological advancements and availability of skilled workforce to handle chromatography instruments

In the pharmaceutical industry, increasing use of chromatography to separate chiral compounds and to purify materials and analyze chemical compounds for trace contaminants is driving the product demand. The U.S. pharmaceutical sector is characterized by a well-developed R&D infrastructure, a stringent scientific regulatory system, and an advanced environment encouraging investments in novel drug discovery & development. The U.S. is considered to be a pharmaceutical powerhouse; several research companies in the country invest nearly one-fifth of their revenues in R&D.

According to a report by the Council of Economic Advisers 2018, the U.S. market funds about half of the world’s medical R&D. Thus, rising investments in R&D and increasing activities related to R&D are expected to fuel market growth. Chromatography plays a significant role in pharmaceutical as well as chemical industries. The method is used in the pharmaceutical industry to prepare extremely pure materials in larger quantities and to examine the purified compounds for trace contaminants.

The other application of chromatography, particularly HPLC, is in protein separation, such as enzyme purification, plasma fractionation, and purification of insulin. Hence, it creates a significant demand for microsyringes. The method also has importance in different departments, such as forensic science, biochemical processes, and biotechnology industries, which further boosts the product demand.

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A limited number of dominant manufacturers are present in the market. For instance, Hamilton Company, which is renowned for its precision microliter syringes. It manufactures microliter syringes for used with liquids only and gas-tight syringe for a heterogeneous solution. Some of the prominent players in the micro syringes market are:

• Innovative Labor Systeme GmbH (ILS)
• GL Science, Inc.
• Hamilton Company
• PerkinElmer, Inc.
• Shimadzu Corporation
• Trajan Scientific and Medical
• Avantor
• ITO Corporation
• Valco Instruments Company, Inc.
• Agilent Technologies, Inc.

Grand View Research has segmented the global micro syringes market based on syringe type, needle type, material, end use:

Micro Syringes Syringe Type Outlook (Revenue, USD Million, 2016 - 2027)

• Auto Sampler
• Manual

Micro Syringes Needle Type Outlook (Revenue, USD Million, 2016 - 2027)

• Fixed
• Removable

Micro Syringes Material Outlook (Revenue, USD Million, 2016 - 2027)

• Glass
• Plastic
• Stainless Steel

Micro Syringes End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Pharmaceutical & Biotechnological Companies
• Laboratory
• Research Institutes
• CROs

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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