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Product Launch, Development, and Approvals is the Key Strategy Adopted by Leading Market Players to Foster Growth in the Global Syringes Market
The global syringes market was dominated by Becton, Dickinson and Company (U.S.) and B. Braun Medical Inc. (U.S.) in 2015. With its broad product portfolio, Becton, Dickinson and Company held the leadership position in the global syringes market in 2015. Becton, Dickinson and Company portfolio includes a wide range of product categories, namely, allergy syringes, injection safety syringes, tuberculin syringes, and insulin syringes, among others. The company has received approval for a number of products such as the BD received FDA approval for its BD U-500 insulin syringe, a new syringe to be used with Humulin R U-500 insulin vials. It enables patients and physicians to provide the correct dose of U-500 insulin and reduces the chance of dosing errors. Over the past three years, the company adopted the strategies of partnership and new product launches to maintain its leadership position in the global syringes market.
B. Braun Medical Inc. (U.S.) held the second position in the syringes market in 2015. The company has a robust portfolio of products in various categories, such as, polypropylene syringes, control stroke syringes, prefilled syringes, and inflation syringes. The company has wide geographical presence across the North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
In the syringes market, leading players are adopting the strategies of new product launches, product approvals, partnerships, collaborations, and expansions in order to increase their market share. Market players adopted these strategies to access new technologies, develop novel products, expand their product portfolio and distribution network, and enter into growing markets. Leading players are also focusing towards increasing their market visibility and strengthening their research and development capacities. In addition to the above stated top two market players, companies such as Terumo Corporation (Japan), Medtronic plc (Ireland), Smiths Medical (U.S.), NIPRO Corporation (Japan), Hindustan Syringes & Medical Devices Limited (India), Gerresheimer AG (Germany), SCHOTT AG (Germany), and CODAN Medizinische Geräte GmbH & Co KG (Germany) are primarily focused towards launching new products, collaborations, and expansions in order to strengthen their footprint in the syringes market.
Syringes Market by Usability (Sterilizable/reusable (hypodermic, oral) & Disposable Syringes (conventional, safety, prefilled)), Material (Glass & Plastic Syringes), Type (General & Specialized Syringes (insulin, tuberculin) - Global Forecast to 2021
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