Report Ocean has published a new report on the “Syringes Market ” in diverse regions to produce a report with more than 250+pages. This market report is an excellent fusion of qualitative and quantitative data emphasizing major industry changes, business and competitor difficulties in gap analysis, and potential new possibilities in the Syringes Market .
The global syringes market was valued at $15,340 million in 2019, and is projected to reach $32,394.74 million by 2027, registering a CAGR of 9.6% from 2020 to 2027. These are used in research laboratories, diagnostic centers, medical and veterinary science, and for the injection of medicines and vaccines. Disposable syringes are rapidly replacing glass syringes due to their availability in sterilized condition, ready-to-use form, and cost effectiveness. A syringe is a cylindrical medical device, which is equipped with a thin hollow needle at the end attached to a tube and a plunger. When the plunger handle is pulled back, fluids are drawn into the tube. The fluid is forced out through the needle when the handle is pushed down. Syringes are used for the extraction of fluids from the body or inject fluids into the body. Different types of syringes are available in the market, which include general syringe, specialized syringes (insulin syringe, tuberculin syringe), and disposable syringes (conventional syringes, prefilled syringes, and safety syringes). The disposable syringes production line is manufactured with the use of polypropylene, and are intended for single use.
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Furthermore, mandatory recommendation by WHO to switch to disposable syringes ensuring safe injection practices, resulting in increased use of disposable syringes. In addition, WHO launched a new policy in 2015 on safety injection to tackle the pervasive concern of unsafe injections across the globe. As per WHO, a large part of the global population could be protected from the life-threatening infectious diseases acquired by the use of unsafe injections if reuse of syringes is avoided significantly fosters the growth of the syringes market. The adoption of safety syringes have been witnessed to be increasing across the globe, due to rise in cases of needlestick injuries. However, prefilled syringes are expected to accelerate over the coming decades. They are generally preferred for parenteral administration of various drugs, minimizing drug waste, increasing product life span, and greater dose precision are some of the driving factors boosting the market demand. According to the Occupational Safety and Health Administration (OSHA) estimates, approximately 5.6 million healthcare professionals were susceptible to blood-borne diseases in 2014, owing to rise in prevalence of needlestick and other sharps object injuries. Every year, about 384,000 healthcare personnel suffer from needlestick injuries in the U.S. Thus, such alarming increase in incidence of needlestick injuries has created an impending need for safety syringes.
In addition, Increase in usage of injectable drug delivery devices, technological advancements in syringe, upsurge in geriatric population, alarming rise in incidence of chronic diseases, and increase in the number of cosmetic procedures are the key factors that boost the growth of the syringes market. Moreover, wide availability of cost-effective safety syringes, and increase in number of surgeries among the elderly population drive the growth of the market. However, availability of alternative ways of drug delivery is anticipated to restrain market growth.
The syringes market is segmented into type, usage, material, end use, and region. Depending on type, the market is categorized into general syringes, specialized syringes, and others. The specialized syringes are further bifurcated into insulin syringes and tuberculin syringes. As per usage, the market is segregated into reusable and disposable syringes. The disposable syringes segment is further divided into conventional syringes, prefilled syringes, and safety syringes. The material segment is divided into glass and polymer.
On the basis of end user, it is differentiated into hospitals, diagnostic centers, speciality centers, and others Region wise, the market is analyzed across North America Europe, Asia-Pacific, and LAMEA.
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The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
– It offers a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
– A comprehensive analysis of major regions is provided to determine the existing opportunities.
– The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– B. Braun Melsungen AG
– Becton, Dickinson and Company
– Cardinal Health Inc
– Gerresheimer AG
– Hindustan Syringes and Medical Devices Ltd.
– Medline Industries, Inc
– Nipro Corporation (Nipro Medical Corporation)
– Retractable Technologies. Inc
– Smith’s Group Plc
– Terumo Corporation (Terumo Medical Corporation)
– SCHOTT AG
– Codan Medizinische Gerate GmbH & Co Kg
KEY MARKET SEGMENTS
By Product
– General Syringe
– Specialized Syringes
o Insulin Syringe
o Tuberculin Syringe
– Others
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By Usage
– Reusable Syringes
– Disposable Syringes
o Conventional syringes
o Prefilled syringes
o Safety syringes
By Material
– Glass
– Polymer
By End Use
– Hospitals
– Diagnostic centers
– Speciality centers
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o China
o Japan
o
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
Reasons to Buy this Report:
- Access to date records compiled by using our researchers. These supply you with historic and forecast data, which is analyzed to inform you why your market is set to change
- This allows you to assume market adjustments to stay in advance of your competitors
- You will be in a position to replica facts from the Excel spreadsheet straight into your advertising plans, enterprise presentations, or different strategic documents
- The concise analysis, clear graph, and desk structure will allow you to pinpoint the statistics you require quickly
- Provision of market cost (USD Billion) records for every section and sub-segment
- Indicates the place and phase that is predicted to witness the quickest increase as properly as to dominate the market
- Analysis via geography highlighting the consumption of the product/service in the location as properly as indicating the elements that are affecting the market inside every region
- Competitive panorama which accommodates the market rating of the most important players, alongside with new service/product launches, partnerships, enterprise expansions, and acquisitions in the previous 5 years of businesses profiled
- Extensive agency profiles comprising of employer overview, organization insights, product bench marking, and SWOT evaluation for the essential market players
- The cutting-edge as nicely as the future market outlook of the enterprise regarding latest traits which contain increase possibilities and drivers as nicely as challenges and restraints of each rising as nicely as developed regions
- Includes in-depth evaluation of the market from quite a number perspectives thru Porter’s 5 forces analysis
- Provides perception into the market via Value Chain
- Market dynamics scenario, alongside with boom possibilities of the market in the years to come
- 1-Year post-sales analyst support
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