Syringes Market
The syringe is a medical device used to extract fluids from the body or inject fluids into the body. The Syringe Infusion Pump provides uniform flow of fluid by precisely driving the plunger ofa syringe down its barrel. It provides accurate and continuous flow rate for precise delivery of I.V. medication in critical medical care. Growing number of surgical procedures are anticipated to drive the market over the forecast period. Syringes are used to inject solutions and remove secretion from the body in any type of surgery. Syringes are available in various shapes, types and are named according to the volume and the usage purpose. These syringes are classified into disposable syringes and non-disposable syringes. Disposable syringes are sterile, packaged, ready-to-use, non-toxic, non-pyrogenic and have a lower risk than non-disposable syringes for the transmission of diseases such as AIDS or Hepatitis B. In general, non-disposable syringes are made of heat-resistant glass like borosilicate. Moreover, growing acceptance of safety syringes, technological advancements, and increasing demand for vaccines are supporting the market growth of syringes.
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SYRINGES MARKET REPORT OUTLOOK
The key factor for the growth of global syringes market is rise in need for vaccination & immunization, surge in geriatric population, increase in number of surgical procedures, rise in incidence of chronic diseases and advancements in surgical devices. Moreover, growing acceptance of safety syringes, technological advancements, and increasing demand for vaccines are supporting the market growth of syringes. In addition to the developments and manufacturing of syringe design, new types of components are included, changes in the manufacturing process to minimize the amount of silicone used to coat the syringe, changes in the process to reduce tungsten and adhesive residuals, dual-chamber devices, and needle-free devices continue to drive market development. Advances in types of components include changes in the materials of construction of syringes changes in tip cap and plunger formulations as well as changes in the design of plungers. However, increasing cases of needlestick injuries has a significant impact on the syringes market, the fact that needlestick injuries are the leading cause of blood-borne diseases among healthcare professionals which is hampering the growth of market.
COVID 19 IMPACT ON SYRINGES MARKET REPORT
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Syringes market. In addition, complete analysis of changes on the Syringes expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on syringes market was observed to be positive as there was continuous demand of production and supply of syringes in hospitals, diagnostics centers for different test and treatment. The increasing number of COVID-19 patients during pandemic has led the demand for syringes in large quantity which fuel the growth of global syringes market.
SYRINGES MARKET SEGMENTAL OVERVIEW
The Syringes Market is segmented based on by product, by usage, by material, by end use and geography.
SYRINGES MARKET BY PRODUCT
The syringes market has major product based on different types including general syringes, specialized syringes is further bifurcated into insulin syringes and tuberculin syringes.
In the global syringes market , specialized syringes is projected to grow significantly during the forecast period owing to increasing demand for disposable syringes and rise in demand for injectable drugs. Specialized syringes allow for the accurate delivery of drugs, which is a key reason for its growing acceptance among users. In addition, other factors such as the increasing use of injectable as a mode of drug delivery are driving the growth of the specialized market across the globe. Whereas general syringes segment holds a larger share in the market. The global specialized syringes segment is expected to grow at the higher in upcoming years.
SYRINGES MARKET BY USAGE
Based on usage the syringes are available in reusable syringes, disposable syringes is further divided into prefilled syringes and safety syringes.
Disposable syringes are projected to contribute substantial market share in the global market for syringes due to the growing use in injectable drug delivery. Besides growing increasing inclination towards self-administration is fueling the demand of the segment in global syringes market. Moreover, disposable syringes are easy enough to dispose and does not make a huge difference to use a reusable syringe. It can save time, money, hassle, and can keep patients and the earth safer with the use of a disposable syringe than with a traditional reusable syringe. On the other hand reusable syringes is expected to hold the largest share of the market. Being reusable, they are cost-effective and can be used for the treatment of chronic diseases, which are key factors leading to the increased use of these syringes across the globe.
SYRINGES MARKET BY MATERIAL
Depending on material the syringes available in market are made of glass and polymer.
The glass syringes is anticipated to account for significant market share of the global syringes market. The glass syringes are more resistive and reduce the chances of the syringes materials reacting with fluid. These glass syringes can be sterilized and reused. Sterilized glass syringes will reduce the amount of waste generated and minimize the risk of infection. Whereas plastic syringes is expected to witness highest growth owing to rising awareness of blood borne infections and increasing inclination towards self-administration are driving the growth of the plastic syringes segment in the global market.
SYRINGES MARKET BY END USE
Syringes have major end use in hospitals, diagnostic centers and specialty centers.
Hospital is the major leading segment in global syringes market as this section attributes to rising patient inflows for facilities of surgeries, rise in prevalence of chronic diseases among the geriatric population, besides availability of advanced healthcare facilities along with rising number of hospitals across the globe drive growth of the segment. However, diagnostic centers is expected to witness the fastest growth over the forecast period owing to the rising prevalence across the globe.
SYRINGES MARKET BY GEOGRAPHY
Geographically Syringes market have been studied for the following region North America, Europe, Asia Pacific (APAC) and RoW.
North America dominate the global syringes market due to rising demand for syringes for chronic diseases and technologically advanced medicals products. Besides the presence of the key players in the region further fuels the market growth. However Asia Pacific is anticipated to witness the highest growth during the forecast period owing to growing rise and demand for syringes and providing opportunity to key players to operate in global syringes market. Moreover, demand for innovative medical facilities for high population base, and increase in number of target population suffering from chronic diseases in emerging economies contribute toward the growth of the market. Furthermore, leading manufacturers expanding their geographical presence in emerging Asia-Pacific countries to capture high market share is expected to drive the growth of the syringes market in the region.
SYRINGES MARKET KEY PLAYERS
The major key player in Syringes market are 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), Medtronic plc, Schott AG and Codan Medizinische Gerate GmbH & Co KG among others.
SYRINGES MARKET RECENT DEVELOPMENT
August 2020: Hindustan Syringes & Medical Devices one of the global manufacturers of disposable and auto-disabled (AD) syringes, is scaling up its production capacity by 300 million to one billion by the first half of 2021 from the current 700 million syringes a year, as India is getting ready for COVID-19 vaccine immunization.
September 2019: Hikma had launched prefilled syringes in the U.S Heparin Sodium Injection in a ready-to-use syringe is the first product using hikma's new injectable manufacturing capability.
December 2018: Terumo Corporation had announced a biosimilar, PLAJEX pre-fillable syringe, launch in Europe. The design and manufacturing method of PLAJEX is unique, being silicone oil free, and using autoclave sterilization. This contributes to reduce risks such as aggregation and oxidation of the biopharmaceuticals.
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