Syringes & Injection Needle Manufacturing in the US - Industry Market Research Report
Description
Syringes & Injection Needle Manufacturing in the US
Over the past five years, syringe and needle manufacturers have faced declining demand and revenue amid a decrease in nonessential medical treatments following the onset of the COVID-19 pandemic. Still, larger companies were able to capture spiking demand for syringes specifically designed to administer vaccines, leading to an uptick in revenue in 2021. Many have faced compressing profit as workforces continue to expand in an effort by major manufacturers to bring new innovative products to market. Industry-wide revenue has been falling at a CAGR of 1.9% over the past five years and is expected to total $3.4 billion in 2023, when revenue will jump by an estimated 6.5%.
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."
Over the past five years, syringe and needle manufacturers have faced declining demand and revenue amid a decrease in nonessential medical treatments following the onset of the COVID-19 pandemic. Still, larger companies were able to capture spiking demand for syringes specifically designed to administer vaccines, leading to an uptick in revenue in 2021. Many have faced compressing profit as workforces continue to expand in an effort by major manufacturers to bring new innovative products to market. Industry-wide revenue has been falling at a CAGR of 1.9% over the past five years and is expected to total $3.4 billion in 2023, when revenue will jump by an estimated 6.5%.
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."
Table of Contents
42 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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