Syringes Market Including healthcare Industry trends, share, CAGR Growth and Global Market Review from 2017 to 2022

With rising demand for invasive medical treatments and growing adoption of self-administration of drugs, medical device manufacturers are focusing towards providing key surgical instruments such as syringes. In addition to this, medical professional are also emphasizing on the emergence of all-purpose syringes that can lower the imprint of dumping plastic syringes at large scale. This report offers in-depth analysis on the growth of global syringes market till date, and also provides an informative forecast on the market’s expansion during 2017-2022.

The scope of FactMR’s report is to analyze the Global Syringes Market for the Forecast Period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global syringes market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to syringes.

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A syringe is a medical device used for injecting fluids into the body, or to withdraw fluid from the body. A typical medical syringe has a needle attached to a hollow cylinder, which is fitted with a sliding plunger. By pushing the plunger in downward movement, the fluids are injected in a body, and retracting the plunger in upward direction extracts fluids from the body.

Invasive nature of medical procedures might frighten patients at first, but injecting medications turns out to be the healthier option over tropical application or oral intake. Supporting this notion, syringes continue to be a key product in the healthcare industry, offering optimum drug administration with minimal discomfort. Concurring to such particulars, the Fact.MR report on global syringe market predicts that the global demand for syringes will continue to surge in the years to come.

According to the report, more than US$ 11 Bn worth of syringes will be sold in the world by the end of 2017. With increasing advancements in drug administration techniques, surgical industries will witness the emergence of new, multifunctional syringes, which will incidentally have a promising influence on the growth of global syringes market. Through 2022, the global market for syringes will have soared at 7.8% CAGR, procuring revenues worth more than US$ 16.5 Bn.

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Key findings from the report also reveal that more than 99% of the global syringe sales will be accounted by plastic as raw material. Polymer syringes will continue to gain surplus demand, compared to glass syringes, indicating a clear-cut preference for surgical instrument manufacturers. The report also projects a significant rise in demand for disposable syringes. According to the report, more than 80% revenues procured in the global market will come from sales of disposable syringes. Higher health risks of reusing syringes is also attesting this projection, inferring a relatively sluggish growth in global sales of reusable syringes during the forecast period.

The report also projects that hospitals will be observed as the largest end-users of syringes. While hospitals will certainly dominate over diagnostic centers, considering their treatment capacities, the report expects that over 66% of revenues amassed in the global syringe market will be accounted by hospitals. The report also projects that blood collection centers will contribute to more than US$ 1.8 Bn revenues by the end of the forecast period. Diabetic care centers are also expected to remain an attractive segment in terms of end-use. By the end of 2022, close to US$ 800 Mn worth of syringes will be sold through diabetic care centers in the world.

Competition Tracking

The report has also profiled leading players in the global market for syringes, which include companies such as B. Braun Melsungen AG, Becton, Dickinson and Company, Gerresheimer AG, Terumo Corporation, Hindustan Syringes & Medical Devices Limited, Nipro Corporation, Medtronic PLC, Schott AG, Codan Medizinische Geräte GmbH & Co Kg, and Schott AG.

Table of Contents

Chapter 1 Global Syringes Market – Executive Summary 27

Chapter 2 Global Syringes Market Overview 29

2.1 Introduction 29

2.1.1 Global Syringes Market Taxonomy 29

2.1.2 Global Syringes Market Definition 29

2.2 Global Syringes Market Size (US$ Mn) and Forecast, 2012-2022 29

2.2.1 Global Syringes Market Y-o-Y Growth 29

2.3 Global Syringes Market Dynamics 30

2.3.1 Drivers 30

2.3.2 Restraints 30

2.3.3 Trends 30

2.4 Supply Chain 31

2.5 Cost Structure 31

2.6 Pricing Analysis 31

2.7 Raw Material Sourcing Strategy and Analysis 31

2.8 List of Distributors 31

Continued…………………………

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