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(Medical-NewsWire.com, July 13, 2017 ) According to the report Syringes Market, published by Market Data Forecast, the global market is projected to reach USD 15.6 billion by 2021, at a CAGR of 8.4% from 2016 to 2021.
A syringe is a simple piston pump consisting of a plunger that fits tightly in a tube. The plunger can be pulled and pushed along inside a cylindrical tube (the barrel), allowing the syringe to take in and expel a liquid or gas through an orifice at the open end of the tube. They are sterile devices used to inject solutions into the body. Syringes and needles are also used to isolate various types of body fluids, such as tissues from swollen joints and blood from veins. Syringes are regularly used in clinical medicine to administer injections, infuse intravenous drugs into the bloodstream, apply compounds such as glue or lubricant, and draw/measure liquid.
According to an article published by the National Center for Biotechnology Information (NCBI), diabetes affected 285 million people worldwide in 2010 and the number is expected to reach 439 million by 2030.Hence it is evident that, syringes market is expected to maintain a substantial growth during forecast period. There are different types of syringes available in the market such as disposable and safety syringes, injection pens, needleless injectors, insulin pumps, and specialty needles
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Syringes Market: Drivers & Restraints
Increasing prevalence of chronic diseases, technological advancements in syringe based drug delivery and rise in geriatric population are some of the major drivers for the global syringes and needles market. Increasing prevalence of Diabetes resulted in higher demand for syringes, and with increase cases of lifestyle based disorders such as diabetes, market demand for syringes seems to be driving. However, factors like Risk of infection associated with Drug delivery through syringes, high costs of specialized syringes are restraining the market.
Get accurate market forecast and analysis on the Syringes Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/global-syringes-market-1934/request-sample
Syringes Market: Segmentation
By Usability
Sterilizable/reusable Syringe
o Hydrodermic Syringes .
o Oral Syringes.
Disposable Syringes
o Conventional
o Safety
Retractable
Non-Retractable.
By Material
Glass
Plastic.
By Type
General,
Specialized Syringes
o Insulin.
o Tuberculin
o Allergy
o Others.
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/global-syringes-market-1934/customize-report
Syringes Market: Overview
Syringes are used with hypodermic needles to inject liquid or gases into body tissues, or to remove from the body use in selected delivery of drugs. However, aptamer drug delivery technology is the fastest growing segment. Safety syringe accounted for the largest share in 2015. Although conventional disposable syringes have a longer presence, the benefits that safety bulbs offer outruns their duration of existence. This eliminates the risk of patient-to-patient transmission of infections. Moreover, the cost difference between both the products is small, which further shifts the preference toward safety syringes. It is further segmented into retractable and non-retractable, which adds to the wide product portfolio offered by industry players.
Rising concern about needle stick injuries and accidental infections is shifting the preference form reusable syringes to disposable ones. According to a WHO study in 2003, around 3 million accidental needle stick injuries occurred that year, which led to 37% of new hepatitis B cases, 39% new hepatitis C cases, and about 5.5% new cases of HIV/AIDS. This portrays the burden of diseases on healthcare workers, which can be eliminated by using disposable syringes and needles.
Syringes Market: Region-wise Outlook
North America and Europe dominates the global syringes and needles market. This is due to various governments legislative reforms are providing regulatory guidelines to manufacturing companies. For instance, in the U.S., Needlestick Safety and Prevention Act provides specific regulatory guidelines to syringe and needle manufacturers for the development of safety syringes. .
Asia is expected to show high growth rates in the next five years in global syringes and needles market due to increasing aging population.
Key Questions Answered
What is the competitive landscape and market share of major players in the Asia-Pacific region?
What are the drivers, key factors leading the market? Which market segments are growing the fastest?
What are the unmet technological needs currently on the market? How will emerging technologies fulfil these unmet needs?
What are the challenges and barriers that have hindered growth of the market?
What measures are taken by leading companies to increase market growth?
Syringes Market: Key Players
Becton, Dickinson and Company, Terumo Corporation, Medtronic plc. Smiths Medical, B. Braun Medical Inc., NIPRO Corporation, Hindustan Syringes & Medical Devices Limited, Gerresheimer AG, SCHOTT AG, and CODAN Medizinische Gerδte GmbH & Co KG are some of the key players operating in the syringes market.
Reasons to buy Syringes Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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