Syringes Market: Active Reforms in the Healthcare Infrastructure Across US likely to Remain Profitable

Posted on 2019-05-02 by Mark Hub in Healthcare, Industrial // 0 Comments

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.

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 allpurpose 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.

Rising demand for multifunctional syringes will also shape the dynamics of global syringes market in the future. By the end of 2022, the global market for syringes will have expanded at a robust CAGR of 7.8%, recording an estimated revenues of US$ 16.5 Bn. Following insights are excerpted from this report, which offers key projections on the growth of global syringes market during 2017-2022.

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The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients. In order to offer readers with up-to-date information about the latest advancements in the global syringes market, the report provides updates about market opportunities, which can benefit leading manufacturers of syringes. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for syringes manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, safety regulations, pricing analysis, list of distributors, and cost structure are provided in this section.

Active reforms in the healthcare infrastructure across the US and Canada are likely to remain profitable for syringes market. In 2017, more than US$ 2.5 Bn worth of syringes will be sold in North America, which will soar vigorously through the forecast period to reflect 8.5% CAGR.

The Fact.MR report provides segment-wise analysis and forecast in order to cover the wide scope of global syringes market. Product type, reusability, material, end-use, and region are key segments upon which the global market for syringes has been analyzed. This segmentation analysis is comprehensive, and it also includes a detailed country-wise forecast across all key market parameters.

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Disposable Plastic Syringes to Gain Traction

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

Market Dynamics: Growth Drivers, Restraints and Opportunities

Risk Factors
Regional Variations
Recent Trends and Developments

Global-Syringes market report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models.

According to the report, the companies that are anticipated to remain active in the expansion of global syringes market through 2022 include Becton, Dickinson and Company, B. Braun Melsungen AG, Gerresheimer AG, Hindustan Syringes & Medical Devices Limited, Terumo Corporation, Nipro Corporation, Schott AG, Medtronic PLC, Smiths Group plc., and Codan Medizinische Geräte GmbH & Co Kg.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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