Syringes Market Size to Hit US$17.1 Billion by 2027 | Exhibit a CAGR of 9.8% (2022-2027)
Usage Of Syringes in COVID-19 and Other Infectious Disease Like Hepatitis B vaccination is Driving The Syringes Market
HYDERABAD, TELANGANA, INDIA, October 31, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that the Syringes Market Size is estimated to reach $17.1 billion by 2027. Furthermore, it is poised to grow at a CAGR of 9.8% over the forecast period of 2022-2027. A syringe is a simple reciprocating pump with a plunger that fits securely within a barrel, which is a cylindrical tube. Mostly, in chronic and Infectious diseases syringes are used since intravenous therapy in fatal and resistant Infectious diseases and subcutaneous Insulin in type-1 diabetes are required treatments. Generally, syringes need a lubricant but the BD Luer-Lok syringe is lubricant-free to prevent side effects owing to lubricant. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
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https://www.industryarc.com/Report/16787/syringes-market.html
Key Takeaways:
This IndustryARC report on the Syringes Market highlights the following areas -
1. Geographically, North America held a dominant market share in the year 2021 on account of the increasing prevalence of chronic diseases. Asia-Pacific is estimated to offer lucrative growth opportunities to the manufacturers owing to the increasing prevalence of Chronic diseases., demand for better healthcare facilities as well a boost in the investments done by government and private companies in the pharma industry. The proliferation of Chronic diseases especially type-1 diabetes is predicted to augment the market growth during the forecast period of 2022-2027.
2. Chronic diseases are estimated to drive the market growth of the Syringes Market.
3. A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Syringes Market Report.
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https://www.industryarc.com/pdfdownload.php?id=16787
Segmental Analysis:
Syringes Market Segmentation Analysis - By Usage: Syringes Market based on drug type can be further segmented into disposable and reusable. Disposables held a dominant market share in the year 2021 primarily owing to safety and are estimated to be the fastest-growing, with a CAGR of 10.4% over the forecast period of 2022-2027.
Syringes Market Segmentation Analysis - By Material: Syringes Market based on drug type can be further segmented into Plastic and glass. Plastic held a dominant market share in the year 2021 primarily owing to reusable and is estimated to be the fastest-growing, with a CAGR of 10.6% over the forecast period of 2022-2027.
Syringes Market Segmentation Analysis – By Geography: North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 32% in the year 2021 as compared to the other counterparts on account of well-developed healthcare infrastructure, increasing prevalence of infectious diseases, and higher purchasing power of the consumers.
Competitive Landscape:
The top 5 players in the Syringes industry are -
1. Becton Dickinson
2. Braun Melsungen
3. Terumo
4. Teleflex
5. Nipro
Click on the following link to buy the Syringes market report:
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IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.
Similar Reports:
A. Prefilled Syringes Market
https://www.industryarc.com/Report/16940/prefilled-syringes-market.html
B. Drug Delivery Market
https://www.industryarc.com/Report/10599/drug-delivery-market-analysis.html
Venkat Reddy
IndustryARC
+ +1 614-588-8538
venkat@industryarc.com
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