Disposable Syringes Market by Type, Application, End Users - Global Analysis & Forecast 2019-2030: Top Key Players - Baxter, TERUMO CORPORATION, Retractable Technologies
According to the new market research report “Disposable Syringes Market by Type (Conventional Syringes and Safety Syringes (Retractable Safety Syringes, And Non-Retractable Safety Syringes)), Application (Immunization Injections and Therapeutic Injections) End Users (Clinics, Home Care Setting, Hospitals) - Global Analysis & Forecast 2019-2030”, published by Market Industry Reports, the global disposable syringes market is estimated to be over US$ 6.5 Bn in 2018. It is anticipated to grow at a double digit CAGR from 2019 to 2030.
New York, NY -- (SBWire) -- 03/05/2019 --The global disposable syringes market is anticipated to grow at a CAGR of above 5.0% during the forecast period.
The Study On Major Key Players in the Disposable Syringes Market are Smiths Medical, Star Syringe Limited, B. Braun Medical Inc., Baxter, TERUMO CORPORATION, Retractable Technologies, BD, Gerresheimer AG, Fresenius Kabi AG, and UltiCare among others.
Increasing adoption of disposable syringes can be attributed to rising awareness, disposable incomes, and implementation of advanced drug delivery technologies. Moreover, rising prevalence of chronic disorders is anticipated to contribute substantially to the growth of the global disposable syringes market between 2019 and 2030. Several organizations have entered into strategic collaborations with manufacturers for research and development of efficient drug delivery techniques.
For instance, PharmaJet, the drug-delivery technology company collaborated with the organization, Path, for evaluation of several drug delivery techniques and subsequently develop programs for country level immunization. However, needle stick injuries are one of the major restraining factors affecting the growth of the market. Nurses in hospitals are most likely to suffer from needle stick injuries. According to a study conducted by Shiraz University of Medical Sciences (SUMS) Iran, most of the needle stick injuries are from Hollow-bore needles and most common among nurses.
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Adoption of Biologics & Latest Technology
Drug delivery systems with capability to deliver drugs of high viscosity and varying dosage have gained immense popularity with the introduction of biologics. Increasing application and popularity of biologics is anticipated to contribute positively to the growth of the disposable syringes market. Similarly, safety prospect of such devices, namely error free drug delivery coupled with minimal needle-stick injury have been highly beneficial in bringing down human error and simultaneously increasing the overall efficiency of the drug delivery process. Introduction of innovative technologies and simultaneous application of these in drug delivery systems is expected to present an attractive growth prospect for the market in the times to come.
Presence of Alternate Drug Delivery Modes to Restrain the Market
The presence of alternative modes for delivery of drugs is one of the major factors affecting the growth of the disposable syringes market. Ease of use and cost effectiveness are few factors which have established syringes as the preferred mode for drug delivery. However, oral & topical medication is widely preferred mode of medication. Also patients are anxious of needle stick injuries and are administered for an alternative method for drug delivery.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, increasing burden of chronic diseases and increasing adoption of technologies is anticipated to present a lucrative growth scenario for the disposable syringes market in this region. Furthermore, improving healthcare facilities, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
GLOBAL DISPOSABLE SYRINGES MARKET - ANALYSIS & FORECAST, BY TYPE
- Conventional Syringes
- Safety Syringes
- Retractable Safety Syringes
- Non-Retractable Safety Syringes
GLOBAL DISPOSABLE SYRINGES MARKET - ANALYSIS & FORECAST, BY APPLICATION
- Immunization Injections
- Therapeutic Injections
View Full Report Details and Table of Contents- https://www.marketindustryreports.com/39/disposable-syringes-market
Key points from TOC
10 COMPANY PROFILES
(Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
10.1 Smiths Medical
10.2 Star Syringe Limited
10.3 B. Braun Medical Inc.
10.5 TERUMO CORPORATION
10.6 Retractable Technologies
10.8 Gerresheimer AG
10.9 Fresenius Kabi AG
This Disposable Syringes market report holds answers to some important questions like:
- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2030? What will be the share and the growth rate of the Disposable Syringes market during the forecast period?
- What are the future prospects for the Disposable Syringes industry in the coming years?
- Which trends are likely to contribute to the development rate of the industry during the forecast period, 2019 to 2030?
- What are the future prospects of the Disposable Syringes industry for the forecast period, 2019 to 2030?
- Which countries are expected to grow at the fastest rate?
- Which factors have attributed to an increased sale worldwide?
- What is the present status of competitive development?
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