Pune, India -- (SBWire) -- 03/15/2019 --Going forward, a majority of medical procedures in the global healthcare industry will be performed through invasive techniques. The demand for syringes will continue to prevail in the years to come, urging syringe manufacturers remain optimistic. Pivotal importance of syringes as a product in the surgicals industries is expected to remain intact. Fact.MR projects that in 2017, more than US$ 11.3 Bn will be spend by patients, hospitals and other end-users for buying syringes.
In addition to this, rising demand for multifunctional syringes will also shape the dynamics of global syringes market in the future. By the end of 2022, the global market for syringes will have expanded at a robust CAGR of 7.8%, recording an estimated revenues of US$ 16.5 Bn. Following insights are excerpted from this report, which offers key projections on the growth of global syringes market during 2017-2022.
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Firstly, the report highlights that North America and the Asia-Pacific excluding Japan (APEJ) regions will be at the forefront of global syringes market expansion. The APEJ syringes market will witness highest growth, bringing in revenues over US$ 5.7 Bn by 2022-end.
Active reforms in the healthcare infrastructure across the US and Canada are likely to remain profitable for syringes market. In 2017, more than US$ 2.5 Bn worth of syringes will be sold in North America, which will soar vigorously through the forecast period to reflect 8.5% CAGR.
Japan, on the other hand, is expected to showcase a sluggish revenue growth for its syringes market, exhibiting a CAGR of 4.3%. The report also projects that Europe's syringe sales will rise steadily, raking over US$ 4 Bn by the end of 2022.
With increasing complexity in medical & surgical procedures, the demand for specialized syringes is expected to remain higher than that of general syringes. The report expects that a little less than 30% of the global syringes market value will be attained by the sales of specialized syringes. Nevertheless, this contribution will remain dominant compared to general syringes, the sales of which are likely to amass revenues over US$ 3.5 Bn by the end of forecast period.
Over 80% of syringes sold in the global market over the forecast period will be disposable. With that said, the demand for reusable syringes will not be listless, as revenues from global sales of such syringes will reflect a steady growth at 6% CAGR.
The report also highlights that over two-third volume of syringes expected to be sold in the world will be accounted by hospitals. While hospitals will be the largest end-users for syringes, the report also projects that 99.4% of the global syringes market revenues will be arising from sales of polymer syringes through 2022.
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According to the report, the companies that are anticipated to remain active in the expansion of global syringes market through 2022 include Becton, Dickinson and Company, B. Braun Melsungen AG, Gerresheimer AG, Hindustan Syringes & Medical Devices Limited, Terumo Corporation, Nipro Corporation, Schott AG, Medtronic PLC, Smiths Group plc., and Codan Medizinische Geräte GmbH & Co Kg.
Table of Contents Covered in the report are:
Chapter 1 Global Syringes Market - Executive Summary 27
Chapter 2 Global Syringes Market Overview 29
2.1 Introduction 29
2.1.1 Global Syringes Market Taxonomy 29
2.1.2 Global Syringes Market Definition 29
2.2 Global Syringes Market Size (US$ Mn) and Forecast, 2012-2022 29
2.2.1 Global Syringes Market Y-o-Y Growth 29
2.3 Global Syringes Market Dynamics 30
2.3.1 Drivers 30
2.3.2 Restraints 30
2.3.3 Trends 30
2.4 Supply Chain 31
2.5 Cost Structure 31
2.6 Pricing Analysis 31
2.7 Raw Material Sourcing Strategy and Analysis 31
2.8 List of Distributors 31
2.9 Key Participants Market Presence (Intensity Map) By Region 32
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Chapter 3 Global Syringes Market Analysis and Forecast By Product Type 33
3.1 Global Syringes Market Size and Forecast By Product Type, 2012-2022 33
3.1.1 General Syringes Market Size and Forecast, 2012-2022 33
3.1.1.1 Revenue (US$ Mn) Comparison, By Region 33
3.1.1.2 Market Share Comparison, By Region 34
3.1.1.3 Y-o-Y growth Comparison, By Region 35
3.1.2 Specialized Syringes Market Size and Forecast, 2012-2022 36
3.1.2.1 Revenue (US$ Mn) Comparison, By Region 36
3.1.2.2 Market Share Comparison, By Region 37
3.1.2.3 Y-o-Y growth Comparison, By Region 38
3.1.3 Conevntional Syringes Market Size and Forecast, 2012-2022 39
3.1.3.1 Revenue (US$ Mn) Comparison, By Region 39
3.1.3.2 Market Share Comparison, By Region 40
3.1.3.3 Y-o-Y growth Comparison, By Region 41
3.1.4 Safety Syringes Market Size and Forecast, 2012-2022 42
3.1.4.1 Revenue (US$ Mn) Comparison, By Region 42
3.1.4.2 Market Share Comparison, By Region 43
3.1.4.3 Y-o-Y growth Comparison, By Region 44
3.1.5 Retractable Syringes Syringes Market Size and Forecast, 2012-2022 45
3.1.5.1 Revenue (US$ Mn) Comparison, By Region 45
3.1.5.2 Market Share Comparison, By Region 46
3.1.5.3 Y-o-Y growth Comparison, By Region 47
3.1.6 Others Syringes Market Size and Forecast, 2012-2022 48
3.1.6.1 Revenue (US$ Mn) Comparison, By Region 48
3.1.6.2 Market Share Comparison, By Region 49
3.1.6.3 Y-o-Y growth Comparison, By Region 50
Chapter 4 Global Syringes Market Analysis and Forecast By Usability 51
4.1 Global Syringes Market Size and Forecast By Usability , 2012-2022 51
4.1.1 Disposable Syringes Market Size and Forecast, 2012-2022 51
4.1.1.1 Revenue (US$ Mn) Comparison, By Region 51
4.1.1.2 Market Share Comparison, By Region 52
4.1.1.3 Y-o-Y growth Comparison, By Region 53
4.1.2 Reusable Syringes Market Size and Forecast, 2012-2022 54
4.1.2.1 Revenue (US$ Mn) Comparison, By Region 54
4.1.2.2 Market Share Comparison, By Region 55
4.1.2.3 Y-o-Y growth Comparison, By Region 56
Chapter 5 Global Syringes Market Analysis and Forecast By Material 57
5.1 Global Syringes Market Size and Forecast By Material, 2012-2022 57
5.1.1 Glass Syringes Market Size and Forecast, 2012-2022 57
5.1.1.1 Revenue (US$ Mn) Comparison, By Region 57
5.1.1.2 Market Share Comparison, By Region 58
5.1.1.3 Y-o-Y growth Comparison, By Region 59
5.1.2 Polymer Syringes Market Size and Forecast, 2012-2022 60
5.1.2.1 Revenue (US$ Mn) Comparison, By Region 60
5.1.2.2 Market Share Comparison, By Region 61
5.1.2.3 Y-o-Y growth Comparison, By Region 62
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Syringes Market Forecast : B. Braun Melsungen AG, Becton, Dickinson and Company, Gerresheimer AG, Terumo Corporation, Hindustan Syringes & Medical Devices Limited
Fact.MR has announced the addition of the “ Syringes Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.