The global eccentric tip syringe market is on a trajectory of substantial growth, with a projected valuation of US$ 27.6 billion by 2033, backed by a notable compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2033. In the historical period from 2018 to 2022, the market demonstrated robust growth at a CAGR of 5%.
This growth can be attributed to various factors. Eccentric tip syringes, primarily made of transparent plastic and designed for single-use, are increasingly preferred due to their ability to eliminate the risk of infections from blood-borne pathogens such as HIV, hepatitis, Ebola, and others. The market’s expansion is further driven by the growing patient population requiring drug injections and fluid withdrawals for diagnostic purposes.
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Rising awareness about vaccinations and advancements like smart syringes is expected to bolster market growth during the forecast period. The global burden of infectious and chronic diseases, including cancer, diabetes, and heart disease, is propelling the demand for eccentric tip syringes, given their role in safe and hygienic healthcare practices.
The transition from the reuse of syringes to disposable eccentric syringes is a significant driver. Reusable syringes posed a risk of cross-contamination and required meticulous sterilization protocols. Disposable eccentric syringes have become more popular due to their cost-effectiveness, environmental friendliness, and, most importantly, their ability to ensure patient safety by being discarded after a single use. These advantages are leading to a surge in product sales and promoting the adoption of eccentric tip syringes in healthcare settings worldwide.
COVID-19 Impact Analysis on Eccentric Tip Syringe Market
Following the outbreak of COVID-19, the packaging industry is expected to witness a moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Eccentric Tip Syringe market in the positive direction. Manufacturers are more focused on the sustainability as a key strategy to maintain their position in the industry during the time of crisis.
FMI provides an extensive information on growth strategies that will aid the players to tackle the impact of pandemic on the global Eccentric Tip Syringe market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various info graphics and detailed data sets, the market players are provided with market intelligence solutions which are accurate, transparent and reliable for the upcoming decade.
Important Questions Answered in the Eccentric Tip Syringe Market Report
· Which are the top companies operating in the Eccentric Tip Syringe market?
· What will be the future outlook of the Eccentric Tip Syringe market in the upcoming decade?
· What are the key growth drivers and restraints likely to affect the Eccentric Tip Syringe market in the future?
· Which region is expected to be the most lucrative region for the Eccentric Tip Syringe market?
· What are the ongoing trends likely to augment the growth of the global Eccentric Tip Syringe market?
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Market Segmentation:
In-depth analysis on FMI’s Eccentric Tip Syringe market report has been further classified into key segments and sub-segments.
By Capacity:
- Upto 1 ml
- Upto 2 ml
- Upto 5ml
- Above 10ml
By End User:
- Hospitals
- Medical Institutes
- Clinics and Research Labs
- Blood banks
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa
- Oceania
Eccentric Tip Syringe Market: Competitive Analysis
The latest report on the Eccentric Tip Syringe market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Eccentric Tip Syringe market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisition and revenue prospects that will aid the players to gain a competitive edge in the industry.
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Key players:
- Novo Nordisk A.S.
- Terumo Corp.
- Nipro Medical Corporation
- Vita Needle Company
- Braun Imaxeon Pty
- Baxter International Inc.
- Henke-Sass Wolf
- Dickinson and Company.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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