Global Market for Syringes (Disposable and Reusable) to Reach US$9.3 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Syringes (Disposable and Reusable) market. The global market for Syringes (Disposable and Reusable) is forecast to reach US$9.3 billion by the year 2015. The market is driven by increasing aging population requiring intensive healthcare, and the rise in the number of drugs to be injected. Additionally, development of a number of new drugs, including DNA-based drugs, which are not available in pill form and are required to be injected is also propelling the market for syringes. Growth in needle stick injuries and the rising demand for safety syringes, plus the increasing popularity of pre-filled syringes represent the other growth drivers.

Syringes (Disposable and Reusable): A Global Strategic Business Report

The market for needle syringes is very dynamic. Intense and increasing competition among companies in the market and comparatively low profit margins has brought about the need for creative strategies for product differentiation to market these products. Worldwide, syringes are used widely in hospitals, in immunization programs, in intravenous drug usage and in daily insulin by people with diabetes. The market, in recent years, has seen increasing popularity of pre-filled syringes, as they are easy-to-use and reduce the risk of cross-contamination. Use of auto-disable syringes has been made mandatory in several countries, and is expected to become mandatory in rest of the world, in the next few years.

Risk of cross contamination is expected to propel demand for safety syringes. Safety syringes are expected to impact the sales of traditional syringes as increasing number of caregivers shift to safer alternative. In addition, traditional syringes are also facing threat from the rising demand for needle-less systems. Increased interest in needle-less injectors is a result of growing incidence of needle stick injuries and the hazards associated with it. An estimated one million needle stick injuries happen to healthcare workers in the US every year, often resulting in fatal diseases such as hepatitis.

The US constitutes the largest regional market for syringes (disposable and reusable), accounting for more than 30% of the global market, as stated by the new market research report on Syringes (Disposable and Reusable). Europe trails the US in terms of sales of syringes, while demand is expected to emanate mainly from developing markets, including Asia-Pacific, The Middle East, and Latin America. Asia-Pacific is forecast to register the fastest growth of more than 4.0% during the analysis period. Product segment-wise, Hypodermic Syringes represent the largest product segment, followed by insulin syringes. However, demand is expected to be fastest from intraligamentary syringes, which is expected to register a CAGR of more than 5.0% over the analysis period. Angiographic syringes, Catheter syringes, and Irrigating syringes are the other fast growing product segments.

Major players profiled in the report include Becton, Dickinson and Co., C. R. Bard Inc., Ensi-Med International Pty Ltd., Kawamoto Corp., Medical Australia Ltd., Medline Industries Inc., Merit Medical Systems Inc., Safety Syringes Inc., Smiths Medical International Ltd., Terumo Corp., Terumo Medical Corp., among others.

The report titled “Syringes (Disposable and Reusable): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Syringes (Disposable and Reusable) market, impact of recession on the market, current trends, growth drivers, overview of disposable medical devices market, review of pre-filled syringes market, new product introductions, recent industry activity, and focus on major and niche global market players. The study analyzes market data and analytics in terms of value sales for the global market by the following regions - US, Canada, Japan, Europe, Asia-Pacific (including Japan), the Middle East, and Latin America. Key product segments analyzed include Anesthesia Syringes, Angiographic Syringes, Blood Gas Syringes, Catheter Syringes, Dental Syringes, Ear Syringes, Hypodermic Syringes, Insulin Syringes, Intraligamentary Syringes, and Irrigating Syringes.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Syringes_Disposable_and_Reusable_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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