Syringes Market to Reach $12.1 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
Worldwide market for Syringes is projected to reach $12.1 billion by 2015 driven by an aging population and the subsequent rise in healthcare demand. Other factors influencing growth include increasing popularity of prefilled syringes, rising incidence of diabetes, and growing awareness of AIDS and other infectious diseases.
San Jose, California (PRWEB) November 11, 2008
Needles and syringes are amongst the most extensively used medical disposables. Healthcare professionals represent the largest end-use market for syringes, followed by diabetics. A substantial rise in the number of drug addicts has also contributed to the enhanced demand for syringes across the world. Rising life expectancies and growing proportion of the elderly have led to increased demand for healthcare services, and greater need for drugs to be injected. Additionally, a number of newly introduced drugs including DNA based drugs are not available in the form of pills and must be administered intravenously, thereby enhancing the demand for disposable syringes.
United States, Europe, and Asia-Pacific dominate the global syringes market (http://www. strategyr. com/Syringes_Disposable_and_Reusable_Market_Report. asp), with more than 80% share for 2008, as stated in a recent report published by Global Industry Analysts, Inc. Asia-Pacific represents the fastest growing regional market for syringes, with sales anticipated to reach US$1.5 billion by 2012. Some of the technology developments that have contributed to intensifying competition in the market for needles and syringes across developed countries include improvement in high-speed high volume molding technology and improvement in barrier coating with silicone, teflon and other materials. New product development, particularly with respect to needle-less injectors and safety syringes, is necessitated by the rising instances of needle stick injuries and the hazards associated with it. Hypodermic syringes market (http://www. strategyr. com/Syringes_Disposable_and_Reusable_Market_Report. asp) represents the leading segment in the United States, capturing over 63% share of the sales in 2008.
A large and growing number of insulin dependent diabetics are propelling the demand for insulin syringes. In Europe, the market for Insulin syringes (http://www. strategyr. com/Syringes_Disposable_and_Reusable_Market_Report. asp) is projected to reach US$1.5 billion by 2010.
Major players profiled in the report include Becton, Dickinson and Company, C. R. Bard Inc., Kawamoto Corporation, Ensi-Med International Pty Limited, Medline Industries Inc., Merit Medical Systems Inc., Safety Syringes Inc., Smiths Medical, and Terumo Corporation.
The report titled "Syringes (Disposable and Reusable): A Global Strategic Business Report" published by Global Industry Analysts, Inc., reviews major market dynamics, trends, issues, recent developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the report include Anesthesia Syringes, Angiographic Syringes, Blood Gas Syringes, Catheter Syringes, Dental Syringes, Ear Syringes, Hypodermic Syringes, Insulin Syringes, Intraligamentary Syringes, and Irrigating Syringes. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, Middle East, and Latin America. Analytics are provided for the period 2000-2015.
For more details of this research report, please visit http://www. strategyr. com/Syringes_Disposable_and_Reusable_Market_Report. asp (http://www. strategyr. com/Syringes_Disposable_and_Reusable_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. StrategyR. com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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