Syringes & Injection Needle Manufacturing
The Syringes and Injection Needle Manufacturing industry has experienced steady growth over the five years to 2018, mainly as a result of favorable demographic shifts, increased health insurance coverage and strong sales abroad. Furthermore, US national health expenditure has been on the rise, particularly government spending on healthcare, which has benefited industry demand and revenue. Furthermore, consolidation has expanded the pipeline of the larger companies while granting smaller companies the advantages of larger budgets and distribution networks. Over the next five years, an aging and increasingly obese US population will continue to provide steady demand for industry products and new product lines, which will help to boost industry revenue moving forward.
Establishments in this industry manufacture a variety of syringes and injection needles, including hypodermic syringes, medical bulb syringes, blood collection syringes and fountain syringes. Typically, industry products include a barrel, plunger, needle and cap. This industry excludes syringes used for nonmedical purposes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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