North America Syringes Market to grow at a CAGR of 7.7% during 2016 to 2021

13/lug/2017 09:41:43 MDFtends Contatta l'autore

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North America Syringes Market was estimated to be USD 2.86 billion in 2016 and is predicted to reach USD 4.14 billion by 2021 with a CAGR of 7.7 %.

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Syringes are usually made up of plastic or glass in the form of cylinder with plunger at one end and needle at another end. Syringes are used either to inject a drug or take samples of body fluids. They are mainly used in drug delivery for chronic diseases like Diabetes.

Increasing Prevalence of Chronic diseases, increasing geriatric population, and technological advancements in Syringe drug delivery are some of the drivers driving the market. Rising prevalence of Diabetes resulted in higher demand for syringes. However, factors like high risk of infection associated with Drug delivery through syringes, high costs of specialized syringes are restraining the market.

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North America 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. Geographically, market is segmented into US and Canada. North America holds the highest share of the market owing to the advanced drug delivery technology, use of specialized Syringes and higher spending limit.

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

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