The global Microsyringes market is estimated to reach the USD 316.0 Million by 2028, at a CAGR of 5.7% during the forecast period from 2021 to 2028. The demand is growing due to an increase in the number of scientific studies and the scale of life science research investigations. The industry is also benefiting from stricter legislation that have raised the demand of chromatography testing in medication approvals. Laboratories have evolved into multipurpose science centres where various experimental mechanisms, research analogies, and new inventions are carried out. The demand for laboratory supplies has also increased as a result of this. Furthermore, over the last decade, the pattern of research-based studies has gained momentum.
Adroit Market Research report on global microsyringes market gives a holistic view of the market from 2018-2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018-2019, with the base year of estimation as 2019 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global microsyringes market have been studied in detail.
The major players operating in the global market include 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.
Over the next ten years, sales growth in the global micro syringes industry is expected to be driven by an increase in the number of life science research investigations and research ventures, as well as the number of preclinical, clinical trials, and drug discoveries. Numerous technological advancements in chromatographs, spectrometers, and electrophoresis systems, among other instruments and techniques, are hastening the production of new drugs. In the coming years, this increase in the number of drug discoveries is likely to help the global market's revenue expansion.
In 2019, North America led the global economy. Because of heavy investments in R&D and methodological advancements in analytical techniques that lead to proper detection of proteins, metabolites, and other complex molecules, it is expected to retain its dominant position over the forecast years. The United States has the highest geographic market share in North America.
Key Segments of the Global Microsyringes Market
Product Overview, 2018-2028 (USD Million)
- Autosampler Syringe
- Manual Syringe
End-use Overview, 2018-2028 (USD Million)
- Pharmaceutical & Biotechnological Companies
- Research institutes
Type Overview, 2018-2028 (USD Million)
Material Overview, 2018-2028 (USD Million)
- Stainless Steel
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa