Syringe Market Overview in India
In value terms, syringe production declined to $ in 2019 estimated in export prices. Overall, production saw a slight downturn. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
The revenue of the syringe market in India expanded remarkably to $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the market value increased by % against the previous year. India consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.