02-14-2019 11:32 AM CET - Business, Economy, Finances, Banking & Insurance
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Syringes Growth, Trends, Absolute Opportunity and Value Chain 2018-2020

Press release from: Fact.MR
PR Agency: Fact.MR
Syringes
Syringes
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.

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.

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Higher Surgical Preference to Specialized Syringes

Easy usability of standard syringes have made them a household commodity as consumers are attaining proper training, and administrating common vaccines by themselves. Meanwhile, medical organizations are prompting surgeons & medical practitioners towards higher adoption of specialized syringes. Unlike standard syringes, their specialized counterparts are successfully lowering healthcare costs by performing multiple injection functions at the cost of a single syringe. While their influence in cutting the medical bills of patients is marginal, specialized syringes are certainly drawing more adoption for their effectiveness.

In 2017 and beyond, more than 30% of global syringes market will procure its value through global sales of specialized syringes. The report, however, doesn’t understate the dominance of general syringes in the global market. With the largest revenue share, general syringes are expected to contribute more than US$ 3.5 Bn revenues to the global market by the end of 2022.

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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. 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.

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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 Content Covered in the report are:

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
2.9 Key Participants Market Presence (Intensity Map) By Region 32

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Chapter 3 Global Syringes Market Analysis and Forecast By Product Type 33
3.1 Global Syringes Market Size and Forecast By Product Type, 2012-2022 33
3.1.1 General Syringes Market Size and Forecast, 2012-2022 33
3.1.1.1 Revenue (US$ Mn) Comparison, By Region 33
3.1.1.2 Market Share Comparison, By Region 34
3.1.1.3 Y-o-Y growth Comparison, By Region 35
3.1.2 Specialized Syringes Market Size and Forecast, 2012-2022 36
3.1.2.1 Revenue (US$ Mn) Comparison, By Region 36
3.1.2.2 Market Share Comparison, By Region 37
3.1.2.3 Y-o-Y growth Comparison, By Region 38
3.1.3 Conevntional Syringes Market Size and Forecast, 2012-2022 39
3.1.3.1 Revenue (US$ Mn) Comparison, By Region 39
3.1.3.2 Market Share Comparison, By Region 40
3.1.3.3 Y-o-Y growth Comparison, By Region 41
3.1.4 Safety Syringes Market Size and Forecast, 2012-2022 42
3.1.4.1 Revenue (US$ Mn) Comparison, By Region 42
3.1.4.2 Market Share Comparison, By Region 43
3.1.4.3 Y-o-Y growth Comparison, By Region 44
3.1.5 Retractable Syringes Syringes Market Size and Forecast, 2012-2022 45
3.1.5.1 Revenue (US$ Mn) Comparison, By Region 45
3.1.5.2 Market Share Comparison, By Region 46
3.1.5.3 Y-o-Y growth Comparison, By Region 47
3.1.6 Others Syringes Market Size and Forecast, 2012-2022 48
3.1.6.1 Revenue (US$ Mn) Comparison, By Region 48
3.1.6.2 Market Share Comparison, By Region 49
3.1.6.3 Y-o-Y growth Comparison, By Region 50

Chapter 4 Global Syringes Market Analysis and Forecast By Usability 51
4.1 Global Syringes Market Size and Forecast By Usability , 2012-2022 51
4.1.1 Disposable Syringes Market Size and Forecast, 2012-2022 51
4.1.1.1 Revenue (US$ Mn) Comparison, By Region 51
4.1.1.2 Market Share Comparison, By Region 52
4.1.1.3 Y-o-Y growth Comparison, By Region 53
4.1.2 Reusable Syringes Market Size and Forecast, 2012-2022 54
4.1.2.1 Revenue (US$ Mn) Comparison, By Region 54
4.1.2.2 Market Share Comparison, By Region 55
4.1.2.3 Y-o-Y growth Comparison, By Region 56

Chapter 5 Global Syringes Market Analysis and Forecast By Material 57
5.1 Global Syringes Market Size and Forecast By Material, 2012-2022 57
5.1.1 Glass Syringes Market Size and Forecast, 2012-2022 57
5.1.1.1 Revenue (US$ Mn) Comparison, By Region 57
5.1.1.2 Market Share Comparison, By Region 58
5.1.1.3 Y-o-Y growth Comparison, By Region 59
5.1.2 Polymer Syringes Market Size and Forecast, 2012-2022 60
5.1.2.1 Revenue (US$ Mn) Comparison, By Region 60
5.1.2.2 Market Share Comparison, By Region 61
5.1.2.3 Y-o-Y growth Comparison, By Region 62

And Continue...

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