Glass Syringe Market will Reach the Value of USD 16,209.07 million by 2028
The Glass Syringe Market is expected to witness market growth at a rate of approximately 12.1% in the forecast period of 2021 to 2028, and will reach the value of USD 16,209.07 million by 2028. Data Bridge Market Research report on glass syringe market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid rise in healthcare sector globally is escalating the growth of glass syringe market.
Glass syringes refer to the type of syringes that are manufactured from high quality glass, and are intended to deliver drugs or biologics to a patient. These syringes are considered a critical aspect of patient care as these are intended to connect to other devices such as intravenous (IV) line luer connections, adapters, transfer units and needleless luer locks, among others.
The increase in prevalence of various infectious and chronic diseases across the globe acts as one of the major factors driving the growth of glass syringe market. The rise in awareness of these syringes benefits among healthcare professionals and patients due to the support of the growing number of biosimilars and biologics in the pharmaceuticals sector, and adoption of self-medication and digitalization accelerate the market growth.
The glass syringe market is segmented on the basis of syringe type, material type, capacity and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of syringe type, the glass syringe market is segmented into disposable and reusable.
On the basis of material type, the glass syringe market is segmented into borosilicate neutral glass, surface treated borosilicate glass, and soda lime glass.
On the basis of capacity, the glass syringe market is segmented into up to 1 ml, 1 ml to 5 ml, 5 ml to 20 ml, and above 20 ml.
Europe dominates the glass syringe market due to the increase in prevalence of chronic diseases, and growth of the biologics and biosimilars within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the rapid urbanization and increase in technological advancement in the region.
The country section of the glass syringe market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.