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Medical updates on syringes market “USD 15.99 billion by 2021, at 8.7% CAGR” explored in latest research

Medical Market Research

The syringes market is expected to reach USD 15.99 billion by 2021, at a CAGR of 8.7% from 2016 to 2021. Syringes market is primarily driven by the high prevalence of chronic diseases across the globe. In addition, rising geriatric population, increasing adoption of safety syringes, technological advancements, and increasing demand for vaccines are supporting the growth of this market.

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Glass syringes market segment expected to account for a larger share of global market in 2016. Glass syringes are more resistive and reduce chances of syringe material reacting with fluid.

These syringes can also be sterilized and reused.

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On other hand, plastic syringes segment expected to witness higher growth at a CAGR of 9.1%. Factors like rising awareness about blood-borne infections & increasing inclination towards self-administration are driving growth of plastic syringes segment in global market.

Key Target Audience:

  • Syringe manufacturers, suppliers, and distributors
  • Injectable device manufacturers, suppliers, and distributors
  • Biotechnology companies
  • Healthcare institutions (hospitals and outpatient clinics)
  • Clinical centers
  • Pharmaceuticals companies
  • Medical research laboratories
  • Consulting firms

Syringes market report studies the syringes market based on usability, type, and material. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth.

It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders.

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Global specialized syringes segment is expected to grow at higher from 2016 to 2021. Specialized syringes allow for accurate delivery of drugs by overfilling or underfilling, which is a key reason for its growing adoption among users.

In addition, other factors like increasing use of injectables as a mode of drug delivery & increasing inclination towards self-administration are driving growth of specialized market across globe.

Competitive Landscape

1 Overview

2 Market Share Analysis

3 Competitive Situation and Trends

4 Product Launches, Development, and Approval

5 Expansion

6 Partnerships & Collaboration

Becton, Dickinson and Company (U.S.), Terumo Corporation (Japan), Medtronic plc (Ireland), Smiths Medical (U.S.), B. Braun Medical Inc. (U.S.), NIPRO Corporation (Japan), Hindustan Syringes & Medical Devices Limited (India), Gerresheimer AG (Germany), SCHOTT AG (Germany), and CODAN Medizinische Geräte GmbH & Co KG (Germany) are some of the key players in the market.

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Research Coverage

Report analyzes micro markets with respect to their individual growth trends, future prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four main regions.

Geographically, North America (comprising the U.S. and Canada) is expected to command the largest share of the syringes market in 2016, followed by Europe.

The increasing prevalence of chronic and lifestyle diseases, growing product approvals, increasing awareness about specialized syringes, upsurge in biologics approvals, and increasing development of injectables are the major factors driving market growth in North America.

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