January 05, 2023 06:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, Jan. 05, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – According to a study published by Transparency Market Research, the syringes market in Europe is expected to grow at a CAGR of 5.6% during the forecast period from 2022 to 2031.
Syringes are medical equipment used to withdraw or inject liquids from a patient’s body. Commonly used syringes include disposable syringes, injection syringes, and prefilled syringes.
New product launches are helping leading players to gain an edge over competitors and create new revenue streams. In September 2021, Medtronic plc announced the launch of a new syringe with the ability to deliver osteoinductive DBM into the surgical site. Additionally, prominent players could expand their production capacities in a bid to meet consumer requirements.
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Key Findings of Market Study
Syringes Market – Key Drivers
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Syringes Market – Regional Insights
The syringes market in Germany accounted for the dominant market share in 2021. The market in the U.K. is anticipated to witness significant growth during the forecast period. This is ascribed to rise in the number of patients opting for self-medication at home.
Syringes Market – Key Players
The syringes market in Europe less competitive due to presence of small number of leading players. The competition could intensify if new players enter the market during the forecast period.
Key players are investing significantly in research and development activities to introduce improved syringes that meet consumer requirements. Increase in demand for improved syringes is likely to augment market development during the forecast period. Key players in the syringes market in Europe are Becton, Dickinson and Company, Medtronic Plc, and Baxter International Inc.
The syringes market in Europe is segmented based on:
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