Pumped up: Public health expenditure and demand from doctors will rise, boosting revenue and profit

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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Increased public spending has recently bolstered demand for industry products
  • One result of increased consolidation has been tepid growth in industry employment
  • The US population is expected to continue growing older
  • Industry Report - Industry Key Buyers Chapter

    The Syringes and Injection Needle Manufacturing industry is categorized by a high level of market share concentration, with the industry's top four companies expected to account for 73.7% of industry revenue in 2018. There are several different types of companies that produce industry-related products. A large portion of multinational companies that maintain medical device manufacturing operations have small syringe and needle manufacturing operations. For example, Smiths Global Medical Device's business segment, while dominated by products that are not industry related, produces a variety of syringes and needles. Smaller companies, such as Retractable Technologies, have also operated profitably in this industry as the products they offer are unique and protected by patents. Oth...purchase to read more.

    Additional Insights for the Syringes & Injection Needle Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Syringes & Injection Needle Manufacturing Industry are

  • Economies of scope
  • Having contacts within key markets
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Number of physician visits in the Syringes & Injection Needle Manufacturing industry impact industry performance..

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    What's in this report

    What is the Syringes & Injection Needle Manufacturing Industry?

    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.

    Industry Products
  • Standard disposable and reusable syringes
  • Prefilled syringes, pens and auto injectors
  • All Other including safety syringes
  • Industry Activities
  • Designing, developing and hypodermic syringes
  • Designing, developing and prefilled syringes
  • Designing, developing and disposable and reusable syringes
  • Designing, developing and safety syringes
  • Designing, developing and patch pumps
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Number of physician visits
  • Research and development expenditure
  • Number of people with private health insurance
  • Trade-weighted index

  • Current Performance
  • Demographic shifts and health expenditure
  • Widening profit margins and consolidation
  • New regulations
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographic and products shifts
  • Increased healthcare coverage
  • Further consolidation
  • Table: Syringes & Injection Needle Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Syringes & Injection Needle Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Primary Care Doctors
  • Specialist Doctors
  • Dentists
  • Hospitals

  • Key Selling Industries
  • Glass Product Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Rubber Product Manufacturing

  • Products & Services
  • Standard disposable and reusable syringes
  • Prefilled syringes, pens and auto injectors
  • All Other including safety syringes
  • Chart: Syringes & Injection Needle Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Healthcare providers, including hospitals and medical centers
  • Long-term care facilities, physician offices and clinics
  • Exports
  • Direct-to-consumer
  • Chart: Major Market Segmentation for the Syringes & Injection Needle Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Research and development
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Syringes & Injection Needle Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Syringes & Injection Needle Manufacturing Industry

  • Industry Globalization
    Becton, Dickinson and Company, Medtronic PLC,
  • Table: Becton, Dickinson and Company - financial performance
  • Table: Medtronic PLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Syringes & Injection Needle Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Syringes & Injection Needle Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 65 and older (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Luer-Lok Syringes
  • Plastic or glass syringes have tips that allow needles to be twisted onto the tip and locked into place, thus providing a more safe connection
  • Needle-Free Jet Injectors
  • Injectors that propel liquid or powder through a narrow orifice creating a high velocity stream that penetrates the skin.
  • Pen And Auto Injectors
  • Pen and auto injectors are medical devices often fabricated with spring-loaded, prefillable staked syringes, designed to deliver a single dose of a particular drug.
  • Safety Syringe
  • A safety syringe is a syringe with a safety mechanism, such as a protective plastic sheath, which is placed over the needle. Safety syringes are designed to prevent needlestick injuries.
  • What Our Customers Say

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    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Syringes & Injection Needle Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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