Rise in awareness about smart syringes, and high-end technological advancements fuel the growth of the global syringes market.
Rise in incidence of needle stick injuries, increase in awareness about smart syringes, and high-end technological advancements drive the growth of the global syringes market. Based on usage, the disposable syringes segment accounted for largest revenue share in 2019. Moreover, the market across North America held the major market share in 2019, and is anticipated to maintain its dominance throughout the forecast period. According to the report, the global syringes market size was estimated at $15.34 billion in 2019, and is expected to hit $32.39 billion by 2027, registering a CAGR of 9.6% from 2020 to 2027. Drivers, restraints, and opportunities- Upsurge in incidence of needle stick injuries, rise in awareness about smart syringes, and high-end technological advancements fuel the growth of the global syringes market. On the other hand, high cost and unaffordability of safety syringes and alternative modes of drug delivery impede the growth to some extent. However, increase in need f