According to the report Asia Pacific Syringes Market, published by Market Data Forecast, the market is projected to reach USD 3.36 billion by 2021, at a CAGR of 10.5% from 2016 to 2021.
A common way for infectious diseases to spread is through the direct transfer of bacteria, viruses or other germs from one person to another. This can occur when an individual with the bacterium or virus touches, kisses, or coughs or sneezes on someone who isn’t infected. This happens a lot when someone reuses syringes or does not use sterilized syringes.
Syringes are generally made up of plastic in the form of cylinder with piston at one end and needle at another end. Syringes are used either to inject a drug or take samples of body fluids. Syringes are mainly used for intake of insulin in diabetes patients.
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Syringes Market: Drivers & Restraints
A portion of the components like rising aging populace, rising Prevalence of Chronic diseases, and technological advancements in Syringe drug delivery are driving the market. Expanding prevalence of Diabetes brought about higher interest for syringes. Be that as it may, factors like Risk of disease related with drug delivery through syringes, high expenses of particular syringes are restraining the market.
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Syringes Market: Segmentation
- Sterilizable/reusable syringes
- Hypodermic syringes
- Oral syringes
- Disposable Syringes
- Conventional syringes
- Safety syringes
- Non Retractable
- Prefilled Syringes
- General Syringes
- Specialized Syringes
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Syringes Market: Overview
Asia Pacific Syringes Market has been estimated at USD 2.04 billion in 2016 and is projected to achieve USD 3.36 billion by 2021, at a CAGR of 10.5% during the forecast period from 2016 to 2021. The Disposable Syringes portion holds a larger share attributable to the expanding utilization of injectable in drug delivery, Rising geriatric populace and increased risk of disease with reusable syringes.
Syringes Market: Region-wise Outlook
Geographically, market is segmented into Japan, India, China, Australia and South Korea. Asia Pacific is expected to increase at highest CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries like India and China, rapid adoption rate and increasing consumer awareness.
Key Questions Answered
Syringes Market: Key Players
Some of the major companies dominating the market, by their products include Becton, Dickinson and Company, Terumo Corporation, Medtronic plc, Smiths Medical, B. Braun Medical Inc., NIPRO Corporation, Hindustan Syringes & Medical Devices Limited, Gerresheimer AG, SCHOTT AG, and CODAN Medizinische Geräte GmbH & Co KG.
Reasons to buy Syringes Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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