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The global disposable syringes market size is expected to reach US$11.19 billion by 2026, growing at a CAGR of 5.6% during the forecast periods according to a new study published by Polaris Market Research.
The Report ‘Disposable Syringes Market By Product Syringes Type (safety and conventional); By Application (Immunization Injections, Therapeutic Injections); By Region: Segment Forecast 2018-2026’ provides a thorough and detailed analysis into the workings with an overview of present trends and future insights.
Intravenous and Intramuscular are the two chosen modes of drug delivery. Disposable ones are to be relied upon to give medication through the above two modes; namely intravenous and intramuscular. They are cost conscious and keep infection at bay. They score over conventional types here.
The study states that North America is leader in the segment but soon will be offset by expanding Asia pacific in the forecast period. The drivers to disposables market can be attributed to favorable government initiatives and directives that have pursued market growth.
Government initiatives to check spread of fatal diseases such as HIV also boosts market over coming years.
Europe is second largest market in forecast period. Both America and Europe will consolidate share owing to higher number of injectable drugs that are occupying volume lately. Furthermore, concerns of stick injuries and improvements in quality have given impetus to growth.
China and India are valued as most important players in the use and throw type today, due to growing healthcare infrastructure and high population densities in the two nations. Furthermore large-scale immunization drives carried out at the behest of government is noted for driving growth in market today. Active interest shown by US and Europe in both India and China by providing quality syringes pushes it notches further.
The key players include Becton, Dickinson and Company, B Braun Melsungen AG, Medtronic PLC, Smiths Medical and Retractable Technologies, Inc.
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