Syringes Market To Grow Like Never Before By 2022

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Syringes are simple reciprocating pumps that are used for incorporation or injection of a solution into the body. Syringes are also used for isolation of various bodily fluids such as blood from various parts of the body. Syringes usually consist of a plunger that fits exactly within a cylindrical barrel. The linear push mosh movement of the plunger facilitates expulsion of liquid from the open end of the tube, which is usually attached to a sterile needle. Syringes are normally made out of plastic or glass materials. Disposable syringes that are heavily incorporated in the healthcare practices are usually made up of plastics, whereas high-end syringes such as microliter syringes are made out of glass material.

Exposure to various medical tests involving isolation or administration of solutions into and out of the body everyday are responsible for fueling growth of the global syringes market

National Health Council reveals that 75% of the total healthcare costs are a result of chronic diseases reflecting an increasing demand for proper healthcare requirements in terms of quality, safety, and sterility of medical devices. The National Health Council recorded around 133 million people affected with chronic diseases in the U.S., in 2014. This accounted for around 40% of the total population of the country. . Moreover, millions of people are daily exposed to some kind of test that requires intravenous modes of injection in which the use of syringes is a prerequisite. This reflects the high demand for syringes, which is expected to rise due to the increasing population and improvement of the healthcare infrastructure worldwide.

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The plastic and disposable syringes segment accounts for highest shares in the global syringes market

On the basis of type, the global syringes market is segmented as

General Syringes

Specialized Syringes

The general syringes segment holds a larger share of the market as compared to that of the specialized ones due to its ease of accessibility and cost effectiveness. However, the specialized syringes segment is expected to fuel the market growth owing to the accurate delivery of the products and better performance.

On the basis of usability, the global syringes market is segmented into:

Sterilizable / Reusable Syringes

Disposable Syringes

The disposable syringes segment holds the largest share of market as it ensures higher safety and more effective means of infection prevention as compared to reusable syringes. These syringes are also very budget-friendly that has resulted in massive transformation of the conventional era of using reusable syringes to the use of disposable ones. These syringes moreover are easily accessible in the pharmacies as well as hospitals.

Based on the material, the global syringes market is segmented into:

Glass Syringes

Plastic Syringes

Glass syringes have lower risk of reaction with the solution filled inside the syringe, however, the use of plastic syringes reduces the risk of blood borne infections as this material is categorized under disposable syringes. The plastic syringes are also easier to use as compared to the glass ones, which facilitates self-administration to patients that are regularly advised to inject a biological or chemical solution. Thus, the significant use of plastic syringes is expected to propel growth of the global syringes market in the near future.

North America is expected to dominate the global syringes market owing to well established production facility and government initiatives

On the basis of geography, the global syringes market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominates the market, followed by Europe. The U.S. has a  large number of medical facilities, high-end hospitals, and healthcare centers, which contribute to growth of the market in North America. The government is also actively involved in improving the quality of healthcare in the country. For instance, the Needlestick Safety and Prevention Act in the U.S., provides regulatory guidelines to help manufacturers improve safety of syringes. However, Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to technological implementation for producing better and cheaper syringes.

Rising incidence and prevalence of chronic diseases is expected to be the major cause fueling growth of the global syringes market

The primary reason to bolster the global syringes market is the increasing prevalence of chronic diseases in the world. These diseases primarily include diabetes, cancers and other diseases that requires the use of syringes. For instance, diabetes affected 422 million people in 2014, according to the World Health Organization. Many of these patients were advised regular intravenous administration of insulin, which in turn helped fuel the demand for syringes, ultimately leading to growth of the global syringes market. Several other factors such as growing health hazards, epidemic of various infectious diseases, and rise in the global population which leads to increasing incidence of diseases every day are all creating a conducive environment for growth of the syringes market. However, the advancement in technologies such as diffusion pumps and needle- free IV connectors are expected to hamper the market growth.

The key players operating in the global syringes market are Treumo Corporation, Medtronic Plc, Becton, Dickinson and Company, B. Braun Medical Inc., Smiths Medical, Hindustan Syringes and Medical Devices Limited, NIPRO Corporation, Hamilton, SCHOTT AG, Gerresheimer AG, and Codan Medizinische Gerate GmbH & Co KG.

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