Ubiquitous Need in Healthcare for Diagnostics & Drug Administration Coupled With Development of Smart Injection & Infusion Solutions to Drive Global Demand for Syringes
Ubiquitous need for syringes in healthcare and the ensuing emphasis placed on innovations that optimize safety, efficiency and effectiveness are poised to drive the global market for Syringes to exceed US$23 billion by 2024 . Syringes are medical devices used to inject or extract medication/liquids into or from the body tissues. Rising incidences of chronic diseases continue to necessitate the need for injectable devices, hence generating the demand for syringes. In addition, demographic factors such as an aging population requiring intensive healthcare continue to drive the demand for syringes. Globally, growing concerns over needlestick injuries specifically in care facilities and rising demand from consumers for conventional syringe alternatives drive the demand for safety syringes. Prefilled Syringes are becoming increasingly popular as they are easy-to-use and reduce the risk of cross-contamination. Demand for prefilled syringes is also driven by the rise in production of b...