PUBLISHER: Grand View Research | PRODUCT CODE: 1404628
PUBLISHER: Grand View Research | PRODUCT CODE: 1404628
The global micro syringes market size is expected to reach USD 352.8 million by 2030, registering a CAGR of 6.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is growing due to the increased quantity of life science research investigations. It is projected that the market will be driven by an increasing number of drug observations, preclinical research, and clinical trials due to pharmaceutical and biomedical companies' increased attempts to produce efficient products. The need for micro syringes is growing due to the pharmaceutical industry's extensive research efforts to create new medications.
Government funding for primary and initial researches also promotes commercial expansion. For instance, recently, there has been a noticeable diversity and increase of the injectable eye drug pipeline. This extension also includes a greater range of dose frequencies, additional delivery channel options (such as suprachoroidal and subretinal), and other target disorders (such as global atrophy and diabetic macular edema). As a result, new delivery requirements have arisen, such as limiting silicone that leaches, handling viscous formulations, and attaining microliter dose accuracy.