The Global Syringes Market is predicted to reach USD 15.6 billion with a CAGR of 8.4 % according to Market Data Forecast report

The Global Syringes Market is predicted to reach USD 15.6 billion with a CAGR of 8.4 % according to Market Data Forecast report

ID: 1940 | May 2017 | Region: Global


The Syringes Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, Syringes Market is estimated to be USD 10.2 billion in 2016 and predicted to rise to USD 15.6 billion in 2021 with a CAGR of 8.4 %. The market is segmented by Usability (Sterilizable/reusable (hypodermic, oral), by Disposable Syringes (conventional, safety (Retractable, Non-Retractable), prefilled)), by Material (Glass, Plastic Syringes), by Type (General, Specialized Syringes (insulin, tuberculin, Allergy and Others)) and by Region-Global Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Rising Prevalence of Chronic diseases, rising geriatric population, and technological advancements in Syringe drug delivery are some of the factors driving the market. Increasing prevalence of Diabetes resulted in higher demand for syringes. However, factors like Risk of infection associated with Drug delivery through syringes, high costs of specialized syringes are restraining the market.

The Disposable Syringes segment is expected to command a larger share owing to the increasing use of injectable in drug delivery, Rising geriatric population and increased risk of infection with reusable syringes.

North America dominates the market with the highest share followed by Europe. However, Asia-Pacific is expected to increase at highest CAGR owing to growing technological advancements, growing number of healthcare facilities and rapid growth in aging population.

This report also provides marketing strategies of key players like 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 Geräte GmbH & Co KG.

Browse through the full report at http://www.marketdataforecast.com/market-reports/global-syringes-market-1934/ and checkout our recent reports in the Medical Devices category at http://www.marketdataforecast.com/research-reports/healthcare/medical-devices-2/ .For more insights and up-to-date industry news don’t forget subscribing to our newsletters.

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