(MoneyNewsWire.Net, June 19, 2017 ) The European Syringes Market is expected to grow at a CAGR of 8% and reach USD 3.6 billion in 2021 from USD 2.45 billion in 2016.
Syringes are medical devices used to inject various types of drugs into the body. They are also used to extract samples of various types of body fluids, like from a swollen tissue. Syringes are generally in the form of long cylinder with piston at one end and needle at another end.
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Increasing Prevalence of Chronic diseases, rising geriatric population, and technological advancements in Syringe drug delivery are some of the factors 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.
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Europe 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 UK, Italy, Germany, France and Spain.
Terumo Corporation, B. Braun Medical Inc., Medtronic plc, Becton, Dickinson and Company, Smiths Medical, NIPRO Corporation, Gerresheimer AG, Hindustan Syringes & Medical Devices Limited, SCHOTT AG, and CODAN Medizinische Geräte GmbH & Co KG are some of the key players operating in the Europe syringes market.
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