Global Syringes (Disposable and Reusable) Market to Reach US $11.8 Billion by 2017, 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 projected to reach US$11.8 billion by 2017, driven by an aging population requiring intensive healthcare; increased demand for pre-filled syringes; rising number of novel drugs such as DNA-based drugs that are unavailable in pill form; and rise in number of drugs that need to be administered using syringes. Rising number of needle stick injuries is resulting in increased demand for safety syringes thereby fueling market growth.

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

Follow us on LinkedIn – Syringes are used widely in hospitals, in immunization programs, in intravenous drug usage and in daily insulin by people with diabetes. The global market for syringes is highly dynamic, with intense competition and relatively low profit margins driving companies to adopt creative strategies to ensure product differentiation in the market. The syringes (disposable and reusable) market is witnessing a trend towards pre-filled and needle-less syringes. Pre-filled syringes are finding increased use due to their ability to eliminate risk of cross-contamination, and other risks, such as that of drug counterfeiting and dosing error, that may occur with ampoules or vials. Furthermore, use of auto-disposable syringes has been made mandatory in several countries and is expected to become mandatory in the rest of the world, in the next few years. The focus is also on developing needle-less injectors due to the rising numbers of needle stick injuries. More than a million cases of needle stick injuries are estimated to occur in the US alone annually resulting in fatal diseases such as hepatitis.

Needle-less syringes are expected to impact the sales of conventional syringes as they are safer to use and reduce the risk of contamination and associated complications involved with needle-stick injuries. Another factor propelling product development is the difficulty encountered with the disposal of conventional needle syringes The Needlestick Safety and Prevention Act in the US gave way to other countries imposing similar regulations, thereby increasing the demand for safety syringes.

As stated by the new market research report on Syringes (Disposable and Reusable), the US constitutes the largest regional market. Europe trails the US in terms of sales of syringes, while developing markets including Asia-Pacific, The Middle East, and Latin America are expected to witness high growth rates owing to increased demand for new syringes. Asia-Pacific is forecast to register the fastest growth, at a CAGR of 7.4% during the analysis period. Hypodermic Syringes represents the largest product segment, followed by insulin syringes. However, demand is expected to be fastest for intraligamentary syringes, which is expected to register a CAGR of about 8.3% over the analysis period.

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

The research 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, 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 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 (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (excluding 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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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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