Disposable Syringe Market is projected to reach USD 11.00 billion by 2026| Braun Medical, Inc., Henke-Sass, Wolf, Covidien, Retractable Technologies, Inc., etc.

According to the current analysis of Reports and Data, the Disposable Syringes Market has an estimated value of USD 7.10 billion in 2018 and with a CAGR of 5.6% is projected to reach USD 11.00 billion by 2026 .The market is mainly driven by the rising incidence of chronic illnesses requiring injections, advancement of technology, incorporation of IT within the healthcare industry, high amounts of investment, and improved R&D efforts. A disposable syringe is a small, simple piston pump based medical tool used to administer injections of intravenous drugs into the bloodstream, or to draw a blood sample from a patient's body.

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Companies considered and profiled in this market study

Braun Medical, Inc.; Fresenius Kabi AG;Baxter International, Inc.; Flextronics International Vita Needle Company; Terumo Corporation; Novo Nordisk; UltiMed, Inc. ;Henke-Sass, Wolf; Covidien; Retractable Technologies, Inc.; and Becton, Dickinson and Company

Disposable syringes are used for various applications, most popular being, blood recovery, insulin injections, vaccinations, and anesthesia applications. There are various types of syringes that can be used by the medical profession as per the demand of the situation. Medication through disposable syringes is the best way to avoid infection. Unsafe safety practices such as reuse of syringes account for most of the infections, especially if not properly sanitized. Unsterilized needles are particularly a safety concern in poor or undeveloped areas where injections aren't usually given the guidance of a medical professional. Therefore, disposable syringes are advised over reusable needles for any injection to prevent the risk of blood-borne diseases as it has been contaminated with infected blood.

Earlier, the medication system was not that developed, but in the modern and advanced time, better medication through disposable syringes is possible. It is highly appropriate for the use in immunization by improving the injection safety. The increasing prevalence of chronic ailments requiring subcutaneous administration, convenient and practical approach of equipment handling, predictable amount of drug to be delivered parentally, improved medical diagnosis, technical advancements in medical tools and equipment, increasing awareness among people, increase in diabetic population are anticipated to boost the market growth. However, the rise in environmental concern has led to the formation of strict regulations and norms. Disposable syringes can cause serious health hazards if not discarded properly. These are the major restraining factors that may hamper the market.

Further key findings from the report suggest

1. As of 2018, the safety syringe segment dominates the market holding a whopping 3% market share because safety measures associated with disposable syring

2. Based on end use, hospitals held the largest market share holding over 66.5% of the market in 2016 because of the frequent usage of needle and syringes by medical practitioner for drug administration and significant increase in the diseases.

3. The specialized syringe segment is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 7.8%.

4. North America is the highest revenue generator holding a market revenue share of 47.1% in 2018 due to the presence target diseases, rising self-management awareness, and extensive research and development activities conducted within the region

5. Various limitations like strict regulation on the disposal of plastic and bio hazardous waste is likely to hinder the market growth during the forecast period.

6. Europe held a 25.6% share of the global Disposable Syringes market in 2018, due to increased focus on health and increased demand for Botox in cosmetic surgery in the region.

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Segments Covered in this Report

This report predicts revenue growth and CAGR at a global, regional & country level, and analyzes the markets by studying the drivers, constraints, opportunities, threats, challenges, Investment opportunities, products, uses, trends, market shares in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the global Disposable Syringes market report based on product type, application, end use and region:

Product type Outlook (Revenue, USD Million; 2016-2026)

General Syringes
Specialized Syringes
Safety Syringes
Pre-filled Syringes
Others

Application Outlook (Revenue, USD Million; 2016-2026)

Immunization Injections
Therapeutic Injections

End Use Outlook (Revenue, USD Million; 2016-2026)

Hospitals
Blood collection centers
Diabetic centers
Veterinary Clinics
Others

Regional Outlook (Revenue, USD Million; 2016-2026)

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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The report emphasizes the following key questions

Q.1. What are the most lucrative and promising growth prospects for the market?

Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?

Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?

Q.4. Which factors are impacting the future of the market and what are the driving factors?

Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?

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