Syringes
are medical devices used to inject fluid or withdraw fluid from the
body. A medical syringe consists of a needle attached to a hollow
cylinder that is fitted with a sliding plunger. They are mainly made
from plastic and disposables and are majorly used in the healthcare
practices. High-end syringes such as microliter syringes are made
from glass material. Increasing utilization of medical test for
diagnosis of diseases that requires intravenous modes of injection
using syringes is major factor driving growth of the syringes market.
According to National Health Council, around 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. According to the
same source, in 2014, around 133 million people were affected with
chronic diseases in the U.S.
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North
America is expected to dominate the global syringes market, owing to
government initiatives and well established healthcare infrastructure
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 is holding the dominant position in market,
followed by Europe, owing to availability of advanced medical
facilities and healthcare centers in the U.S. Increasing government
initiatives to improve quality of healthcare in the region is also
fueling growth of the market in North America. For instance, the
Needle stick Safety and Prevention Act in the U.S., provides
regulatory guidelines to help manufacturers improve safety of
syringes. Syringes market in Asia Pacific region is expected to grow
at significant rate over the forecast period, owing to technological
implementation for producing better and cheaper syringes and
increasing awareness regarding safe use of syringes in medical
procedures.
Increasing
prevalence of chronic diseases is expected to be the major factor
driving growth of the global syringes market
Increasing
prevalence of chronic diseases such as diabetes and cancer, which
require continuous diagnosis using various medical test which
requires use of syringes is major factor boosting growth of the
market. For instance, according to World Health Organization (WHO) in
2014, around 422 million people were suffering from diabetes
worldwide. Many of these patients were advised regular intravenous
administration of insulin, which propelled the demand for use
syringes in turn fueling growth of the global syringes market.
Furthermore, increasing health hazards and infectious diseases are
creating conducive environment for growth of syringes market.
However, advancement in technologies such as diffusion pumps and
needle- free IV connectors, which reduces the need of injecting fluid
through syringe are expected to restrain growth of the market over
the forecast period.
Global
Major Players
Major
players operating in the global syringes market include 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.
Syringes
Market Taxonomy
On
the basis of usability, the global syringes market is segmented into:
-
Sterilizable / Reusable Syringes
-
Disposable Syringes
On
the basis of type, the global syringes market is segmented into:
-
General Syringes
-
Specialized Syringes
On
the basis of material, the global syringes market is segmented into:
-
Glass Syringes
-
Plastic Syringes
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