Disposable Syringes Market Trends, Company Share To 2020: Grand View Research, Inc.
The rising prevalence of diabetes globally coupled with the increasing importance of infectious disease prevention are the major factors driving the global disposable syringes market. Furthermore, sterilized condition, cost effectiveness and ease of use of disposable syringes has also led to a growth in the market. The healthcare practitioners try to minimize the possibilities of needle infections such as hepatitis, cross contamination of HIV and other needle stick injuries (NSI). In addition, government initiatives for hepatitis and HIV prevention and increasing disposable syringes demand are the factors expected to propel the global disposable syringes market over the forecast period.
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Insulin injector pen attributes the largest market share due to the rising prevalence of diabetes globally. However, with increasing R&D initiatives, the safety syringes segment is expected to gain huge market share owing to its distinctive safety clip which avoids infection. The market is segmented on the basis of end users into physician clinics, diagnostic laboratories, patients, hospitals and nursing homes. Healthcare institutes are focusing towards prefilled syringes and safety syringes owing to their ability of contagious infection prevention and cost effectiveness. North America dominates the market owing to the strong R&D, updated technology systems and increasing patient awareness level in this region. Europe is expected to show a significant growth over next six years. The newly appearing economies of Asia Pacific are presumed to witness a considerable growth owing to growing healthcare expenditure and increasing contagious disease awareness in this region during the forecast period.
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The major players in the market are Terumo Corporation, Henke-Saas, Ultimed, Novodisk, Life-Shield products, Abott Laboratories, Vita needle Company, Flextronics, Medi Plus, Baxter international and Covidien plc.
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