Global Glass Syringe Market, By Syringe Type (Disposable, Reusable), Material Type (Borosilicate Neutral Glass, Surface Treated Borosilicate Glass, Soda Lime Glass), Capacity (Up To 1 Ml, 1 Ml To 5 Ml, 5 Ml To 20 Ml, Above 20 Ml), End Use (Hospitals, Research Laboratories, Drug Manufacturing, Clinical Research), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Glass Syringe Market
The glass syringe market is expected to witness market growth at a rate of approximately 12.1% in the forecast period of 2021 to 2028, and will reach the value of USD 16,209.07 million by 2028. Data Bridge Market Research report on glass syringe market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid rise in healthcare sector globally is escalating the growth of glass syringe market.
Glass syringes refer to the type of syringes that are manufactured from high quality glass, and are intended to deliver drugs or biologics to a patient. These syringes are considered a critical aspect of patient care as these are intended to connect to other devices such as intravenous (IV) line luer connections, adapters, transfer units and needleless luer locks, among others.
The increase in prevalence of various infectious and chronic diseases across the globe acts as one of the major factors driving the growth of glass syringe market. The rise in awareness of these syringes benefits among healthcare professionals and patients due to the support of the growing number of biosimilars and biologics in the pharmaceuticals sector, and adoption of self-medication and digitalization accelerate the market growth. The presence of favorable policies across several countries promoting the growth of pharmaceutical industry offering various types of tax benefits, and increase in focus of industry players on product lifecycle management further influence the market. Additionally, growth in awareness, increase in knowledge about preventive healthcare, breakthrough in new technologies, and advancement in healthcare packaging positively affect the glass syringe market. Furthermore, surge of biologics and biosimilars in biopharma industry, and adoption of wearable drug delivery technologies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the safety of the syringes, and availability of cheaper alternatives are expected to obstruct the market growth. The increase in number of needle stick injuries and infections and concerns regarding sterility of injections are projected to challenge the glass syringe market in the forecast period of 2021-2028.
This glass syringe market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on glass syringe market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Glass Syringe Market Scope and Market Size
The glass syringe market is segmented on the basis of syringe type, material type, capacity and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of syringe type, the glass syringe market is segmented into disposable and reusable.
- On the basis of material type, the glass syringe market is segmented into borosilicate neutral glass, surface treated borosilicate glass, and soda lime glass.
- On the basis of capacity, the glass syringe market is segmented into up to 1 ml, 1 ml to 5 ml, 5 ml to 20 ml, and above 20 ml.
- On the basis of end use, the glass syringe market is segmented into hospitals, research laboratories, drug manufacturing, and clinical research.
Glass Syringe Market Country Level Analysis
The glass syringe market is analyzed and market size, volume information is provided by country, syringe type, material type, capacity and end use as referenced above.
The countries covered in the global glass syringe market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the glass syringe market due to the increase in prevalence of chronic diseases, and growth of the biologics and biosimilars within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the rapid urbanization and increase in technological advancement in the region.
The country section of the glass syringe market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glass Syringe Market Share Analysis
The glass syringe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glass syringe market.
The major players covered in the glass syringe market report are BD., Terumo Medical Corporation, Baxter, Retractable Technologies, Inc., MedtronicNIPRO, Vetter Pharma-Fertigung GmbH & Co. KG, Abbott, YPSOMED, Haselmeier, Weigao group, Bayer AG, Biocon, Retractable Technologies Inc, Owen Mumford Ltd, , Gerresheimer AG, and West Pharmaceutical Services, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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