Disposable Syringes Market To Reach USD 9.9 Billion By 2024: Grand View Research, Inc.
The global disposable syringes marke t is expected to reach a value of USD 9.9 billion by 2024, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising initiatives by government and various NGOs to raise awareness about safe drug delivery to patients in order to avoid transmission of infections and avoid needle stick injuries to healthcare workers, especially in low-income countries. Organizations such as WHO and UNAIDS are constantly working for this cause. Some of their programs include needle and syringe program and targeted information for drug abusers. The results of these initiatives are evident. For instance, in China, the incidence of HIV/AIDS amongst people who are drug abusers dropped from 2.5 to 0.6 cases per 100 person-years. Major disposable syringe manufacturers are introducing new products, which is also further augmenting the market growth. In January 2016, Novo Nordisk launched Tresiba, a long-acting...