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Global Syringes Market News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Syringes Market to eyewitness potential growth till 2032, owing to growing demand for injectable dru

The market for Syringes was valued at US$ 14.1 billion in 2020 and is predicted to grow to US$ 27 billion by 2031 at a compound annual growth rate of 6.1%.Medical and healthcare professionals use syringes to administer fluids into or out of the body. It consists of an empty needle that operates in conjunction with a.

Worldwide Syringe Industry to 2027 - Expanding Injectables Market Presents Opportunities

Share this article Share this article ResearchAndMarkets.com s offering. According to this report the global syringe market is expected to reach $26,859.34 million by 2027 from $12,649.46 million in 2019. The market is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth. Based on syringe type, the market is segmented into luer lock syringes, glass syringes, luer slip syringes, and others. In 2019, the glass syringes segment held the largest share of the market. The segment is expected to grow at the fastest CAGR during the forecast period. This segment is likely to witness a lucrative growth owing to low mechanical tolerance, and smooth movement of the plunger. Furthermore, properties of glass, such as nonreactive nature and heat and chemical resistance, are contributing to the growth of this segment. Moreover, glass syringes are highly compatible with various drug

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