Tuesday, November 24th, 2020 - The Insight Partners

According to The Insight Partners market research study titled ‘Pre-filled Saline Syringes Market - Global Analysis and Forecasts by Type, End User, and Geography.’ The Global Pre-Filled Saline Syringes Market is expected to reach US$ 744.4 Mn in 2027 from US$ 402.5 Mn in 2018. The market is estimated to grow with a CAGR of 7.2% from 2019-2027. The report highlights the trends prevalent in the global pre-filled saline syringes market and the factors driving the market along with those that act as deterrents to its growth.

Some of the prominent players operating in the market are, BD, Cardinal Health, MedXL Inc., Guerbet Group, Sterisets Medical Products, DBM, B. Braun Medical Inc., Wolf Medical Inc., Aquabiliti and Baxter Healthcare Corporation. The market players are focused on bringing new and innovative products to sustain their position in the market. For instance, in September 2018, MedXL expanded the business by registering its products of pre-filled saline syringes in Singapore.

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Global pre-filled saline syringes market, based on the type was segmented into 3ml Syringes, 5ml Syringes, 10ml Syringes, and Others.  In 2018, the 3 ml Syringes segment held the largest share of the market, by type. This segment is also expected to dominate the market in 2027 owing to high demand for hospital disposables, ease of use, easy availability, and the growing number of multispecialty hospitals. Moreover, the 3 ml syringe segment is anticipated to witness the significant growth rate of 7.8% during the forecast period owing to the factors such as the rising prevalence of chronic diseases and hospital acquired diseases that trigger increased utilization of pre-filled saline syringes which helps to avoid the cross medication.

Key factors driving the market are increasing medication errors, risk of cross-contamination in multi-dose vials, increase in, and self-injectable medicines to avoid visits to hospitals. However, factors such as frequent product recall and stringent regulatory requirements can restrict market growth.

Hospital-acquired infections affect the patients not only during their stay in the hospitals but also post patient’s discharge from hospitals. Pre-filled saline syringes are designed to reduce hospital-acquired infections, reduce the risk of medication errors, and reduce the risk of catheter damage. Moreover, these occupational infections are observed to be common within the hospital and nursing staff too. According to the World Health Organization (WHO), millions of patients are affected by healthcare-associated infections every year. The WHO Healthcare Associated Infections fact sheet of 2016 suggests that of every 100 hospitalized patients at a given time, seven patients in the developed countries and ten patients in developing countries get the hospital-acquired infection.

An outline of the regional analysis:

  • Geographically, the report segments the In Pre-Filled Saline Syringes market into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America.
  • Contribution of each region to the overall market share, along with their growth rate forecast are mentioned in the report.
  • Total sales and revenue generated by each regional market are illustrated.
  • Comprehensive assessment of all opportunities and risks in the In Pre-Filled Saline Syringes market.

Table of Contents – Major Key Points

Section 1 Pre-Filled Saline Syringes Definition

Section 2 Global Pre-Filled Saline Syringes Market Major Player Share and Market Overview

Section 3 Major Player Pre-Filled Saline Syringes Business Introduction

Section 4 Global Pre-Filled Saline Syringes Market Segmentation (Region Level)

Section 5 Global Pre-Filled Saline Syringes Market Segmentation (Type Level)

Section 6 Global Pre-Filled Saline Syringes Market Segmentation (Industry Level)

Section 7 Global Pre-Filled Saline Syringes Market Segmentation (Channel Level)

Section 8 Pre-Filled Saline Syringes Market Forecast 2020-2025

Section 9 Pre-Filled Saline Syringes Segmentation Type

Section 10 Pre-Filled Saline Syringes Segmentation Industry

Continued..

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


Sameer Joshi
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Keywords

Rising prevalence of chronic diseases is driving the market for Pre-filled Saline Syringes over the forecast period.

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