Disposable syringes continue to replace the longstanding conventional, reusable glass syringes. The advantages offered by disposable syringes over the reusable syringes include sterilized units, and cost savings due to low-priced materials. In 2014, global disposable syringes market was valued at US$ 5,553.9 million in 2014 and is projected to reach US$ 9,326.6 million by 2023.
Albany, NY -- (SBWIRE) -- 07/05/2016 -- This report on the disposable syringes market studies the current and future prospects of the market across the globe. Syringes have made possible the delivery of medicines via parenteral means such as intravascular and intramuscular. Disposable syringes have been preferred than re-usable syringes majorly due to low cost, accuracy, sterility, and ease of handling. The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the global disposable syringes market with respect to market segments based on the product type and their geographic analysis.
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Based on the product type, the disposable syringes market has been segmented into: safety syringes and conventional syringes. Safety syringes have been further classified as automatic retractable syringes, manually retractable syringes, non-retractable syringes and auto-disable syringes. Conventional syringes comprise with needle and without needle. Each of the market segments have been extensively analyzed based on adoption rate, awareness, advantages, efficacy, revenue, and geographical coverage. The market size and forecast in terms of USD million for each segment has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2015 to 2023, considering 2013 and 2014 as base years.
Geographically, disposable syringes market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America and Rest of the World. The market size and forecast for each of these regions has been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2013 and 2014 as base years. The report also provides with market size and forecast for major countries in the respective regions. The research study also covers competitive scenario in the mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, Porter's Five Forces analysis, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global disposable syringes market.
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A list of recommendations has been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include B. Braun Melsungen AG, Becton, Dickinson & Company, CODAN Medizinische Gerate GmbH & Co. KG, Gerresheimer AG, Covidien (Medtronic plc), Retractable Technologies, Inc., Star Syringe Ltd., Smiths Medical, Terumo Corporation and Unilife Corporation.
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