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.
Worldwide pre-filled saline needles market, in light of the kind was divided into 3ml Needles, 5ml Needles, 10ml Needles, and Others. In 2018, the 3 ml Needles fragment held the biggest portion of the market, by type. This portion is likewise expected to overwhelm the market in 2027 attributable to popularity for emergency clinic disposables, usability, simple accessibility, and the developing number of multispecialty emergency clinics. Additionally, the 3 ml needle section is expected to observe the huge development pace of 7.8% during the conjecture time frame inferable from the variables, for example, the rising pervasiveness of persistent sicknesses and emergency clinic procured illnesses that trigger expanded usage of pre-filled saline needles which assists with staying away from the cross medicine.
Key variables driving the market are expanding prescription mistakes, chance of cross-defilement in multi-portion vials, expansion in, and self-injectable medications to keep away from visits to clinics. Notwithstanding, factors, for example, regular item review and severe administrative necessities can confine market development.
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Pre-filled saline syringes are widely used in hospitals, nursing homes, and some types of pre-filled saline syringes can be used at home too. Pre-filled saline syringes are used to clean out an intravenous (IV) catheter, to prevent blockage and remove any medicine left in the catheter area after an IV infusion. Thus rising prevalence of chronic diseases like CVD, cancer, diabetes, and others drives the market growth of pre-filled saline syringes.
Also, according to the World Health Organization in 2018, cancer was the second leading cause of death across the globe and is responsible for an estimated 9.6 million deaths in 2018. Furthermore, the American Cancer Society estimated that in 2018, 1,735,350 new cancer cases were diagnosed in 2018.
Diabetes is one of the most significant global health emergencies of the 21st century. Each year more and more people live with this condition, which can result in life-changing complications. According to the International Diabetes Federation (IDF), in 2017, the number of people with diabetes in North America was approximately 46 million, which is expected to grow at 62 million in 2045. The increase in disease prevalence is around 35% during the forecast period.
Thus, the increasing incidences of chronic diseases pose several opportunities for the pre-filled saline syringes market to grow during the forecast period.
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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