Global Syringes Market Projected to Deliver 7.8% CAGR Steered by Rising Incidence of Specialized Syringes, Reports Fact.MR

ROCKVILLE, Maryland, April 2, 2019 /PRNewswire/ -- A syringe is basically a medical device which is used for inserting or withdrawing fluid from a body. The overall market for syringes would experience growing traction since its pivotal importance in the surgical industries is likely to remain steady. In order to provide a better insight about the concerned market, Fact.MR has published a fresh study titled "Syringes Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022", to its online repository. The purpose of this assessment is to highlight the various trends and opportunities that are expected to transform the global syringes market in the coming years.

According to this Fact.MR study, more than US$ 11 Bn worth of syringes got sold around the globe in 2017. It has been noticed that, with swelling advancements in drug administration techniques, the surgical industries are likely to witness the appearance of new, multifunctional syringes that will incidentally drop a promising impact on the evolution of the global syringes market. Further, this assessment estimates the global market for syringes would soar at 7.8% CAGR during the period until 2022, acquiring revenues exceeding US$ 16.5 Bn.

Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=59

Healthcare Reforms in North America Strengthens the Regional Marketplace

According to this research, North America and the Asia-Pacific excluding Japan (APEJ) regions would remain as the leading geographical sectors offering significant traction to the global syringes market. It has been observed that active reforms across the healthcare infrastructure in the U.S and Canada are expected to continue profitable for syringes market. Based on statistics, more than US$ 2.5 Bn worth of syringes were sold in 2017 across North America. It is anticipated that, these figures would soar vigorously during the forecast period to replicate 8.5% CAGR.

Obligation to Specialized Syringes Likely to Surge during Forecast Period

Since medical & surgical procedures are turning increasing complex, the demand for specialized syringes is projected to remain higher as compared to general syringes. This study reveals that, slightly less than 30% of the global syringes market value would be captured by the sales of specialized syringes. All the same, this contribution is likely to stay dominant when equated to general syringes. Interestingly, the sales of specialized syringes is anticipated to accumulate revenues more than US$ 3.5 Bn by the end of 2022.

Browse Full Report on Syringes Market with In-depth TOC- https://www.factmr.com/report/59/syringes-market

Disposable Plastic Syringes Gaining Popularity

Considering the key findings of this report, more than 99% of the global syringe sales would be controlled by plastic as raw material. Further, polymer syringes are expected to continue to acquire surplus demand, in comparison to glass syringes. This assessment also projects a substantial rise in demand for disposable syringes. Based on acquired figures, more than 80% revenues obtained in the global market have been motivated by the sales of disposable syringes.

The final section of the report is dedicated to address the competitive landscape prevailing in the global syringes market. This section carefully highlights the major players functioning in the global market for syringes, and further discourse them based on company overview, product overview and key financials. Some of the leading players mentioned in the report are Becton, Dickinson and Company, Gerresheimer AG, B. Braun Melsungen AG, Hindustan Syringes & Medical Devices Limited, Nipro Corporation, nd Codan Medizinische Geräte GmbH & Co Kg., Terumo Corporation, Medtronic PLC, Schott AG, Smiths Group plc.

Request Methodology of this Report- https://www.factmr.com/connectus/sample?flag=RM&rep_id=59

Popular Healthcare Industry Market Reports from Fact.MR

Lithotripsy Devices Market- The robust competition in lithotripsy devices market is propelling lithotripsy devices manufacturers to adopt unique growth strategies to gain a competitive edge in lithotripsy devices market. To capitalize on the proliferating demand for lithotripsy devices, the leading players in lithotripsy devices market are increasingly inducing innovative features in lithotripsy devices, business expansion and collaborations and acquisitions in order to survive and gain the center stage in the marketplace.

Dental Lasers Market- North America will also remain the most attractive market for dental lasers during the 2027-2022 period. According to CDC, approximately 27% U.S. adults suffer from tooth decay, while 46% of adults aged 30 and above suffer from gum diseases.

Breath Analyzer Market- The global breath analyzer market was valued at over US$ 600 Mn in 2018 and is forecasted to clock a Y-o-Y growth of 7.5% in the year 2019 over 2018.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Rohit Bhisey
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: [email protected]
Web: https://www.factmr.com/

SOURCE Fact.MR