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The latest research study “Syringes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global syringes market size reached US$ 16.51 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.45 Billion by 2027, exhibiting a CAGR of 8.70% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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A syringe is a medical device used to withdraw fluids and inject medication into the bloodstream through an intravenous (IV) or intramuscular ways. It consists of a needle attached to a hollow cylinder fitted with a sliding plunger. It also aids in handling various medical conditions, such as diabetes, hepatitis, infertility, psoriasis, allergies, arthritis, cancer, migraines, human immunodeficiency virus (HIV), and multiple sclerosis. At present, syringes are available in various shapes and sizes, including general, specialized, and disposable syringes.
Global Syringes Market Trends and Drivers:
The market is primarily driven by the sudden outbreak of the coronavirus disease (COVID-19) pandemic as governments of several countries are promoting fast and safe vaccination to reduce the contamination. In addition, the growing prevalence of chronic diseases and the increasing risk of healthcare-associated infection (HAI) cases are escalating the demand for disposable syringes that are ready-to-use and cost-effective. Besides this, a rising number of individuals undergoing surgical procedures, which is increasing the utilization of single-use syringes to deliver anesthetics. This, coupled with various initiatives undertaken by healthcare agencies, such as installing sharp containers in public places to manage the increased number of used syringes and encourage safe injection practices, is creating a favorable market outlook across the globe.
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product, Material, Usage, Distribution Channel, End User and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
B. Braun Melsungen AG, Baxter International Inc., Becton Dickinson and Company, Cardinal Health Inc., Gerresheimer AG, Hindustan Syringes & Medical Devices Ltd., Nipro Corporation, Pfizer Inc., Retractable Technologies Inc., Schott AG, Smiths Group plc, Terumo Corporation and Thomas Scientific LLC.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are B. Braun Melsungen AG, Baxter International Inc., Becton Dickinson and Company, Cardinal Health Inc., Gerresheimer AG, Hindustan Syringes & Medical Devices Ltd., Nipro Corporation, Pfizer Inc., Retractable Technologies Inc., Schott AG, Smiths Group plc, Terumo Corporation and Thomas Scientific LLC.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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