position in market, followed by Europe, owing to availability of advanced medical facilities and
healthcare centers in the U.S. Increasing government initiatives to improve quality of healthcare in
the region is also fueling growth of the market in North America. For instance, the Needle stick
Safety and Prevention Act in the U.S., provides regulatory guidelines to help manufacturers
improve safety of syringes. Syringes market in Asia Pacific region is expected to grow at significant
rate over the forecast period, owing to technological implementation for producing better and
cheaper syringes and increasing awareness regarding safe use of syringes in medical procedures.
Increasing prevalence of chronic diseases is expected to be the major factor driving growth of
the global syringes market
Increasing prevalence of chronic diseases such as diabetes and cancer, which require continuous
diagnosis using various medical test which requires use of syringes is major factor boosting growth
of the market. For instance, according to World Health Organization (WHO) in 2014, around 422
million people were suffering from diabetes worldwide. Many of these patients were advised
regular intravenous administration of insulin, which propelled the demand for use syringes in turn
fueling growth of the global syringes market. Furthermore, increasing health hazards and infectious
diseases are creating conducive environment for growth of syringes market. However, advancement
in technologies such as diffusion pumps and needle- free IV connectors, which reduces the need of
injecting fluid through syringe are expected to restrain growth of the market over the forecast
period.
Global Key Players:
Major players operating in the global syringes market include
• Treumo Corporation,
• Medtronic Plc,
• Becton,
• Dickinson and Company,
• B. Braun Medical Inc.,
• Smiths Medical,
• Hindustan Syringes and Medical Devices Limited,
• NIPRO Corporation,
• Hamilton,
• SCHOTT AG,
• Gerresheimer AG,
• Codan Medizinische Gerate GmbH & Co KG.
Syringes Market Taxonomy
On the basis of usability, the global syringes market is segmented into:
•Sterilizable / Reusable Syringes
•Disposable Syringes
On the basis of type, the global syringes market is segmented into:
•General Syringes