The Global Insulin Syringes Market Report is a compilation of comprehensive research studies of various aspects of the Insulin Syringes Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Insulin Syringes market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Insulin Syringes market and how they will evolve in the years to come.
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Global Insulin Syringes Market was valued at US$ 25143.41 million in 2022 and is expected to reach US$ 89132.64 million by 2030, growing at an estimated CAGR of 14.9% over the forecast period.. Novo Nordisk A/S, Sanofi S.A., Eli Lilly and Company, Biocon Ltd., Ypsomed AG, Wockhardt Ltd., Medtronic Plc, Abbott Laboratories, Animas Corporation, and F. Hoffmann-La Roche, Ltd.
Insulin Syringes Market is expected to see a robust growth due to several factors, such as increased demand for pre-filled syringes and rising prevalence of chronic diseases. In addition, it is also seen that adoption of injectable drugs, increased geriatric population and technological advances of syringes is positively impacting the market. An insulin syringe helps to administer insulin in doses needed to diabetic patients. Insulin syringes are made of three parts – a needle, a tube, and a plunger and are available in different sizes. The size of insulin syringe to be given to diabetic patients is selected based on the required insulin dose. Major factors fueling the market growth are ageing population and the increasing number of patients with diabetes globally. Increasing incidence of obesity and people following an unhealthy lifestyle additionally supports Insulin Syringes Market growth. In the initial stages of diagnosis of diabetics when the blood glucose levels of patient are not very high, it is advisable to control the blood sugar levels with the help of regular physical activities and appropriate dietary modifications. However, when diet and physical activities are not able to control patient’s blood sugar, it is advised to take oral anti diabetic tablets or insulin syringes that can help patients to reach their blood glucose targets. The syringe used for insulin injection are disposable in nature to avoid any kind of infection.
Prefilled syringes are the latest products which have been introduced by medical device firms. These syringes contain the exact amount of drug dosage which would greatly benefit the patients. Vaccinations along with biologics are available in pre-filled syringes. Prefilled syringes ensure minimal drug wastage. Another major advantage of Prefilled syringe is the minimal risk of contamination. Due to these factors, medical professionals are slowly shifting towards prefilled syringes. These are generally preferred for parenteral administration of various drugs and are primarily used for the treatment of diabetes where patients have to administer medication themselves, several days a week. Pharmaceutical companies are focused on getting developments in self-administration therapies in line with this trend. The latest trend that is gaining momentum on the Insulin Syringes Market is the change from prefilled glass syringes to pre-filled plastic syringes. Due to the introduction of advanced polymer materials including polypropylene and crystal-clear polymer, which are biocompatible with the other components of the syringe, the plastic prefilled syringes are becoming more common. In recent years syringes made of polymer have gained popularity in the medical practice, theses syringes free from majority of shortcomings inherent to glass syringes. As compared to glass syringes which have high cost, medical practitioners are preferring polymer syringes. Reusable plastic syringes are not preferred for insulin injection because of sterilization complexities after single use.
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Insulin Syringes Market:
- By End User
- Hospital
- Homecare
- Others
- By Sales Channel
- Online
- Offline
- By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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