“A research report on India Disposable Syringes Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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India Disposable Syringes market was valued at USD888.40 million in FY2020 and is forecast to grow at a CAGR of 13.28% in value terms to reach USD1,828.20 million by FY2026. India Disposable Syringes market is expected to witness rapid growth during the forecast period owing to the growing prevalence of various chronic diseases that require treatment using disposable syringes and increasing demand for vaccines around the world. Increasing cases of infectious diseases, including COVID-19, are also creating a high demand for disposable syringes. In addition to this, various government organizations are providing funding to companies for manufacturing disposable syringes that can be used for the treatment of coronavirus patients. This is anticipated to drive the market growth significantly in the coming years. Moreover, increasing cases of needlestick injuries and growing demand for injectable drugs due to the lack of bioavailability in conventional drug delivery methods are some other key factors fueling the growth of India Disposable Syringes market.
India Disposable Syringes market can be segmented based on type, application, end user, material, and region. Based on application, the market can be segmented into general surgery, therapeutic, diagnostic, respiratory, orthopedics, cardiovascular, dental and others. Among them, the therapeutic segment is expected to undergo the fastest growth owing to the introduction of new injectable drugs and spikes in the prevalence of various chronic disorders that require the administering of therapeutic agents with the help of disposable syringes.
Regionally, North India is expected to dominate the India Disposable Syringes market during the forecast period owing to the easy availability of disposable syringes and high expenditure on healthcare in the region.
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