Disposable Syringe Market Competitive Analysis and Business Development Strategies, 2018 - 2023
The factors that are playing a major role in the growth of disposable syringe market are the rising investment in R&D sectors, the high demand for biologics, and the growing demand from the healthcare sector
(firmenpresse) - Global disposable syringe market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. A syringe is a piece of medical equipment mainly used to manage injections of intravenous drugs into the bloodstream or to take a blood sample from a patient. Disposable syringes are the medical equipment primarily used in combination with hypodermic needles to remove or inject liquids from the body. It also helps to reduce the risk of spreading blood-borne diseases.
The factors that are playing a major role in the growth of disposable syringe market are the rising investment in R&D sectors, the high demand for biologics, and the growing demand from the healthcare sector. However, the presence of alternatives may restrain the overall market in the years to come. The market is segmented based on type, application, and region.
Safety syringes, conventional syringes, and other types could be explored in the disposable syringe market in the forecast period. Safety syringes sector comprise auto-disable, automatic retractable, non-retractable, and manually retractable syringes. On the other hand, conventional syringes sector comprise without needles and with needles. Safety syringe sector accounted for the substantial market share of disposable syringe and is estimated to lead the overall market in the years to come.
The market may be categorized based on applications like therapeutic injections, immunization injections, and others could be explored in the forecast period. Therapeutic injections sector accounted for the significant market share of disposable syringe and is estimated to continue its dominance in the years to come. The reason could be the high demand for injectable to treat diseases, the growing occurrence of diseases like dengue, HIV, tuberculosis, and malaria, and the increasing disposable income.
Globally, North America accounted for the substantial market share of disposable syringe and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand for injectable drugs, the presence of key manufacturers in the region, the growing occurrence of diseases. The United States is a major consumer of the disposable syringe in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of the disposable syringe in this region.
The key players of disposable syringe market are Becton, Dickinson and Company, Braun Medical, Inc., Baxter International, Inc., Vita Needle Company, Novo Nordisk, Henke-Sass, Wolf, Retractable Technologies, Inc., Covidien, UltiMed, Inc., Terumo Corporation, Flextronics International, and Fresenius Kabi AG. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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disposable-syringe-market
medical-devices
medical-devices-market
medical-devices-industry
disposable-syringe
disposable-syringe-industry
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Datum: 31.12.2019 - 04:39 Uhr
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