Report : South and Central America Syringes Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Syringe Type (Luer Lock Syringes, Glass Syringes, Luer Slip Syringes, and Others), Application (Aesthetics, Human Health, Lab / Industrial, and Others), Usability (Sterilizable/Reusable Syringes and Disposable Syringes), and End User (Hospitals & Clinics, Blood Collection Centers, Diabetic Care Centers, and Others) and Country
Glass syringes segment by type is estimated to lead the market growth during the forecast period
According to a new market research study of “South & Central America Syringe Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Syringe Type, Application, Usability, and End User,” the The South & Central America syringe market is projected to reach US$ 1,141.52 million by 2027 from US$ 593.98 million in 2019. The market is estimated to grow at CAGR of 8.4% from 2020 to 2027. The report highlights trends prevailing in the South & Central America syringe market and the factors driving market along with those that act as hindrances.
Based on syringe type, the syringe market is segmented into luer lock syringes, glass syringes, luer slip syringes, and others.
In 2019, the luer lock syringes segment accounted for the highest share of the market IN 2019. However, the glass syringes segment is estimated to register the highest CAGR of 9.2% in the market during the forecast period. Growth of this segment is attributed to the increasing adoption of luer lock syringes due to ease of administration and increasing patient pool across the globe. However, glass syringes are likely to register highest CAGR in the global syringes market during the forecast period.
The Luer-Lock syringes used for essential clinical applications in which disengagement of needle is to be avoided in order to prevent medication leakage or spray. A Luer lock syringe allows screw-fixation and is therefore a more convenient to inject. Luer lock syringes are more widely used for using a syringe pump for prolonged IV infusion or in cases such as chemotherapy infusion where a stable connect is crucial. Administering IV flushes/boluses through a Luer lock syringe is considered as best clinical practice. The Needle is affixed to the Syringe by twisting it into the Syringe Tip threads to lock it in place. PLAJEX (pre-filled syringes with staked needle) is a product line of Terumo Corporation. In January 2017, a new version was introduced with a Threaded Closure polymer prefillable syringe in its pre-filled syringes product range called PLAJEX Luer Lock. The company is known for developing the world's thinnest NANOPASS 34 needle for self-injection insulin devices. This also emphasizes higher investments on R&D to develop new and innovative products.
South & Central America syringe market is expected to grow owing to factors such as growing number of chronic diseases and infectious diseases and increased adoption of injectable drugs. However, the market is likely to have negative impact due to growing cases of needle-stick injuries.
BD, Baxter International Inc., Terumo Corporation, Cardinal Health Inc., RETRACTABLE TECHNOLOGIES, INC., B. Braun Melsungen AG, are among the leading companies operating in the South & Central America wearable injectors Market.
The report segments South & Central America Syringe Market as follows
- Luer Lock Syringes
- Glass Syringes
- Luer Slip Syringes
- Human Health
- Lab / Industrial
- Sterilizable/Reusable Syringes
- Disposable Syringes
By End User
- Hospitals & Clinics
- Blood Collection Centers
- Diabetic Care Centers