Asia-Pacific Syringes Market to grow at a CAGR of 10.5% during 2016 to 2021 | Market Data Forecast

05/lug/2017 08:45:42 MDFtends Contatta l'autore

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Asia-Pacific Syringes Market has been estimated at USD 2.04 billion in 2016 and is projected to reach USD 3.36 billion by 2021, at a CAGR of 10.5% during the forecast period from 2016 to 2021.

Syringes are generally made up of plastic in the form of cylinder with piston at one end and needle at another end. Syringes are used either to inject a drug or take samples of body fluids. Syringes are mainly used for intake of insulin in diabetes patients.

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Some of the factors like rising aging population, rising Prevalence of Chronic diseases, and technological advancements in Syringe drug delivery are driving the market. Increasing prevalence of Diabetes resulted in higher demand for syringes. However, factors like Risk of infection associated with Drug delivery through syringes, high costs of specialized syringes are restraining the market.

Asia-Pacific Syringes Market is segmented based on Usability, Material and Type. Based on Usability, market is further segmented into Sterilizable/reusable Syringes, Disposable Syringes, prefilled Syringes. Based on Sterilizable Syringes, market is further segmented into hypodermic Syringes, oral Syringes. Based on Disposable Syringes, market is further segmented into conventional Syringes, safety Syringes, prefilled Syringes. Based on Safety Syringes, market is further segmented into Retractable Syringes, Non-Retractable Syringes. Based on Material, market is segmented into Glass and plastic. Based on Type, market is segmented into General, Specialized Syringes. Based on Specialized Syringes, market is further segmented into insulin, tuberculin, Allergy and Others.  The Disposable Syringes segment is expected to command a larger share owing to the increasing use of injectable in drug delivery, Rising geriatric population and increased risk of infection with reusable syringes.

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Geographically, market is segmented into Japan, India, China, Australia and South Korea. Asia-Pacific is expected to increase at highest CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries like India and China.

Some of the key players in the Asia-Pacific syringes market are Becton, Dickinson and Company, Terumo Corporation, Medtronic plc, Smiths Medical, B. Braun Medical Inc., NIPRO Corporation, Hindustan Syringes & Medical Devices Limited, Gerresheimer AG, SCHOTT AG, and CODAN Medizinische Geräte GmbH & Co KG.

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