Disposable Syringes Market is anticipated to reach USD 11.19 billion by 2026
Posted by michael on June 13th, 2019
Disposable Syringes Market Size and Growth Rate:
The Disposable Syringes Market size is expected to reach USD 11.19 Billion by the end of 2026, with increasing at a CAGR of xx.x% during the forecast period 2018-2026.
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Disposable Syringes Market Overview:
The market is anticipated to grow due to the growing demand for injectable drugs. Evolution of self-injection devices & long-acting formulations with great efficacy and lower adverse effects are important reasons for the growing demand for injectable formulations.
Disposable Syringes Market Growth Drivers and Restraints:
Industry players frequently investing in R&D of new chemicals that are more potent than being drugs is likely to augment the growth over the projected period. Currently, in the U.S., almost 60% of drugs in clinical tests are biologics. Furthermore, mostly all the biologics are given via the intravenous route. Hence, rising demand for biologics would further drive the growth during the forecast period.
The disposable syringes market is fundamentally driven by the increasinggovernment initiatives and regulation that has helped the market growth during the projected period. Additionally, raising activities by various NGO's that create knowledge for the use of disposable syringes, and need to control the cover of the life taking diseases such as HIV to also boost the disposable syringes market growth in the future years. Also, the constant product development by the manufacturing, and their attempts to tap the potential eastern market to help the market growth over the years to come.
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Disposable Syringes Market Geographical Segmentation:
The region of North America is expected to remain with its dominance over disposable syringes revenue till the year 2023, though it has been calculated that it would lose some percentage of its portion to the burgeoning market in the Asia Pacific. The region of Europe is estimated to be the second biggest region for disposable syringes until the year 2023. Both the regions, namely, Europe and North America are exhibiting very high demand for disposable syringes due to the rising number of injectable drugs in the market. Moreover, improvements in the quality of syringe and protection through regulatory adherence concurrently with the concern over a growing number of needlestick injuries are triggering the growth of the said market.
Key Players of the Disposable Syringes Market:
Some important industry participants in the world market include Flextronics International Vita Needle Company; Braun Medical, Inc.; Fresenius Kabi AG; Baxter International, Inc.;Terumo Corporation; Retractable Technologies, Inc.;Novo Nordisk; Ulti Med, Inc.; Henke-Sass, Wolf; Covidien; and Becton, Dickinson, and Company, among others.
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About the Authormichael
Joined: April 4th, 2019
Articles Posted: 31
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