Hyderabad, India -- (SBWIRE) -- 03/21/2018 -- According to a new market research report " Syringes Market by Usability (Sterilizable/reusable (hypodermic, oral), by Disposable Syringes (conventional, safety (Retractable, Non-Retractable), prefilled)), by Material (Glass, Plastic Syringes), by Type (General, Specialized Syringes (insulin, tuberculin, Allergy and Others)), and by Region-Global Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021)", published by MarketDataForecast, the Global Syringes Market is predictable to demand the estimation of USD 15.6 billion by 2021 at a CAGR of 8.4% from the value of USD 10.2 billion in 2016. Factors promoting the growth of the Syringes Market include rising the adoption of safety syringes, increasing the demand for vaccines are fuelling the demand for market growth. Increasing geriatric population across the globe coupled with the rise in the prevalence of chronic disorders and raising the demand for syringes owing to increase in the occurrence of diabetes among individuals which results in a rise in the demand for the market. One of the major factors attributing the market growth are Increasing Technological advancements in the syringe industry coupled with innovation of new techniques. However, Risk of infection through syringes, the high cost of syringes are hampering the growth of the market.

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Disposable Syringes segment to witness new advancements in future
The fragmentation of Global Syringes Market is done on the basis of type, usability material. On the origin of material, the Syringes Market is bifurcated into Glass and plastic. On the origin of type, the market is segregated into Allergy, insulin, tuberculin, and others.

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Based on usability of the Global Syringes Market is bifurcated into Disposable Syringes, prefilled/safety Syringes, and Sterilizable/reusable Syringes. The prefilled syringes segment is again segregated into Retractable Syringes, and Non-Retractable Syringes. On the basis of Disposable segment, the Syringes Market is segregated into prefilled Syringes, conventional Syringes, safety Syringes. Based on Sterilizable syringes sub segment, the market is fragmented into hypodermic Syringes, oral Syringes. Due to increasing the geriatric population across the globe, rising the use of injectable drug delivery the Disposable segment is anticipated to command the large share of the market.

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North America to be fastest growing market segment globally till 2021
Under the segmentation of region, the Global Syringes Market is studied under the regions of Middle East and Africa, Europe, Latin America, and Asia-Pacific, North America. North America is projected to remain in the top position according to the contribution to the global market share, followed by Europe. Due to rising technological advancements and growing the number of healthcare facilities, the Asia Pacific is estimated to be the fastest and maintaining the highest CAGR of the market.
The leading share holders of the Global Syringes Market are B. Braun Medical Inc, Medical Devices Limited, CODAN Medizinische Geräte GmbH & Co KG, Terumo Corporation, Dickinson and Company, and Medtronic plc, SCHOTT AG, NIPRO Corporation, Smiths Medical, Hindustan Syringes, Gerresheimer AG, Becton.

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The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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