DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Disposable Syringes Market Analysis By Type, By Application, By Region And Segment Forecasts, 2013 - 2024" report to their offering.
The global disposable syringes market is expected to reach a value of USD 9.9 billion by 2024, according to this new report. The market growth can be attributed to the rising initiatives by government and various NGOs to raise awareness about safe drug delivery to patients in order to avoid transmission of infections and avoid needle stick injuries to healthcare workers, especially in low-income countries.
Organizations such as WHO and UNAIDS are constantly working for this cause. Some of their programs include needle and syringe program and targeted information for drug abusers. The results of these initiatives are evident. For instance, in China, the incidence of HIV/AIDS amongst people who are drug abusers dropped from 2.5 to 0.6 cases per 100 person-years.
Major disposable syringe manufacturers are introducing new products, which is also further augmenting the market growth. In January 2016, Novo Nordisk launched Tresiba, a long-acting insulin degludec injection to treat diabetes. It was initially launched in U.S. and will further target the rest of the market.
Some of the key industry players are Braun Medical, Inc.; Fresenius Kabi AG; Baxter International, Inc.; Terumo Corporation; Novo Nordisk; Covidien; Retractable Technologies, Inc.; and Becton, Dickinson, and Company.
In 2015, North America dominated due to approval of injectable drugs. For instance, in July 2015, the U.S. FDA approved Praluent (alirocumab) which is the first injectable from PCSK9) inhibitors class.
The industry has witnessed few major acquisitions. In 2015, Covidien was acquired by Medtronic, Inc in USD 42.9 billion. Moreover, new product development is also on a rise in the industry.
Key Topics Covered:
1 Research Methodology
2 Executive Summary
3 Market Variables, Trends & Scope
4 Disposable Syringes Market Type Estimates & Trend Analysis
5 Disposable Syringes Market Application Estimates & Trend Analysis
6 Disposable Syringes Market Regional Estimates & Trend Analysis, By Type & Application
7 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/rgw8w7/disposable