Disposable Syringes are made from plastic material and are utilized in the sector of medical and veterinary science. because of their availability in sterilized condition, able to use, and price effectiveness, disposable syringes are fast replacing the age-old glass syringes. The constantly increasing use of this sort Syringe indicates its importance which is predicated mainly on the advantages it offers regarding cost and hygienic applications. The manufacture of plastic syringes has been developed to such a degree that the products now satisfy the requirements and standards set by Hospital and physicians. At an equivalent time they provide the most effective possible technique of application to the physician and therefore the highest possible degree of safety to the patient.
In medical industries syringes are very important and play a major role. it's a medical device which is used to inject or withdraw fluids from the body. Numerous categories of syringes are employed by medical examiners depending on the situations. The aim behind using syringes is to clean wounds by infusing fluids into body. Syringes are used for distillation of blood, for vaccination, for infusing of insulin, for governing anesthesia etc. The market of medical disposables holds the revenue of roughly USD 225 billion in 2016 at a CAGR of around 7% over the forecast period i.e. 2016-2024 during which global syringes market accounted for USD 5 billion in 2016 because of increasing number of chronic diseases so on.
On the basis of products disposable syringes are the dominating market with a CAGR of around 6% over the forecast period i.e. 2016-2024 because disposable syringes are used only once ensuring the safety of patients. On the basis of material, glass syringe is dominating the segment and is expected to reach a value of USD 15 million by 2024 because they can be sterilized and reused. The syringes market is expected to reach USD 15.99 Billion by 2021 from USD 10.56 Billion in 2016, at a CAGR of 8.7% during the forecast period. Thus, due to demand it is best to invest in this project.