The disposable syringes market size is anticipated to reach of around US$ 11,700 Mn by 2027 and growing at a CAGR of 7% during the forecast period 2020 – 2027.
A major innovation in the sector of medical equipment is the invention of disposable syringes. The drugs injecting medications for the treatment of infections are only used occasionally by doctors. Disposable syringes are a plastic structure with a variable size needle. The products are inexpensive and also reduce the risk of a patient being infected.
The major factors driving the growth of global disposable syringes market is increasing demand of disposable syringes due to growing awareness regarding spreading of disease or cross-contamination. The demand for injectable products and drugs has expanded which is the factor that is expected to fuel the growth of global market, due to reduced negative impacts and the production of long term formulations with high efficiency & auto-injection devices. Another factor that is expected to fuel the growth of the global disposable syringes market is by introducing more strict government regulations concerned with healthcare, prevention and disease control. Furthermore, the factor that may impede the growth of global disposable syringe market is due to growing acceptance and preference for non-disposable convention syringes and lack of awareness regarding disposable syringes in developing countries. However, on the other hand there are major factors that are creating new opportunities to grow the market during forecast period such as growing advance development in technologies with improved quality products.
In fact due to the lack of bio-availability of conventional drug methods, the use of injectable drugs is significantly increased. In the first-pass metabolism, a significant percentage of orally delivered drugs are decomposed, leaving them useless at the time of systemic circulation. In addition the market for health syringes is increasingly growing in cases of needle stick injury. These opportunities have contributed to greater injection drug usage and the consequent expansion of the global demand of disposable syringes. The increasing demand for vaccines is further expected to lead the sales of syringes in the developing regions, especially disposable syringes.
The market research study on “Disposable Syringes Market (By Product Type: General Syringes, Specialized Syringes, Safety Syringes, Pre-filled Syringes, Others; By Application: Immunization Injections, Therapeutic Injections; By End-Use: Hospitals, Blood collection centers, Diabetic centers, Veterinary Clinics, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global disposable syringes market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global disposable syringes market are offering product type, application, end-use, and major geographic regions. The disposable syringes market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
North America accounted for large market share of global disposable syringe market and is expected to continue this trend during forecast period due to easy accessible of disposable syringes in the region. Another major reason for the growth of this sector is also the increase in the incidence of various chronic diseases which needs immunization. Asia Pacific is expected to show a significant growth during forecast period due to increasing awareness regarding the usage of disposable syringes in the region. In developing countries such as India, China and Malaysia, the rapidly change in life science sector is driving the growth of market. In addition, due to the stringent government regulation that encouraged the use of safety-engineered products, Europe is the second largest competitor on the disposable syringe market.
Major players included in this report UltiMed, Inc, Becton Dickinson and Company, Covidien, Retractable Technologies, Inc, Wolf, Fresenius Kabi AG, Baxter International, Inc., Terumo Corporation, Novo Nordisk, Flextronics International Vita Needle Company, Henke-Sass,, Braun Medical, Inc., and others.
The global disposable syringes market is segmented as below:
Disposable Syringes Market By Product Type
Disposable Syringes Market By Application
Disposable Syringes Market By End-Use
Disposable Syringes Market By Geography
Middle East & Africa
Disposable syringes are a plastic structure with a variable size needle. The products are inexpensive and also reduce the risk of a patient being infected.
Increasing launch of advanced disposable syringes is the major drivers for the growth of the disposable syringes market.
Less stringent governmental legislation in emerging economies regarding use of disposable syringes is a major factor expected to restraint the growth of the market.
Report by Acumen Research and Consulting, the disposable syringes market value is anticipated to be worth around US$ 11,700 in 2027.
The disposable syringes market is anticipated to grow around 7% CAGR amid the forecast period 2020-2027.
North America held maximum share in 2019.
Europe is projected to grow at a fast pace during forecast period from 2020-2027.