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Disposable Syringes Market Size Projected to Garner USD 14.1 Billion by 2032 growing at 6.3% CAGR - Exclusive Report by Acumen Research and Consulting

28 Jul 2024
Acumen Research and Consulting

The Global Disposable Syringes Market Size is predicted to reach USD 14.1 Billion by 2032 from USD 7.7 Billion in 2022, at a CAGR of 6.3% between 2023 and 2032, as per the Acumen Research and Consulting

Disposable syringes have experienced a significant surge in utilization within healthcare settings in recent years, primarily due to their numerous advantages over traditional reusable syringes. The widespread adoption of disposable syringes can be attributed to their enhanced safety features, including the elimination of the risk of cross-contamination and infections associated with the reuse of needles. Healthcare facilities have increasingly recognized the importance of infection control measures, leading to a preference for disposable syringes to minimize the spread of diseases such as HIV, hepatitis, and other blood-borne pathogens.

Moreover, disposable syringes offer convenience and efficiency in medical procedures, streamlining the process of medication administration and reducing the time and resources required for sterilization and cleaning. This has resulted in improved workflow and cost-effectiveness for healthcare institutions. Additionally, the availability of a wide range of disposable syringe sizes and designs catering to various medical applications has further contributed to their growing acceptance and integration into healthcare practices. As a result, healthcare professionals and institutions worldwide have embraced disposable syringes as a standard tool in patient care, driving their continuous growth in use across diverse healthcare settings. Furthermore, advancements in material technology and manufacturing processes have enhanced the quality and reliability of disposable syringes, making them more durable and user-friendly.

Disposable Syringes Market Analysis

Disposable Syringes Market Statistics

  • Global disposable syringes market value was worth USD 7.7 Billion in 2022, with a 6.3% CAGR from 2023 to 2032
  • North America disposable syringes market share occupied around 41% in 2022
  • By type, the safety syringes segment captured the majority share of the market in 2022
  • By application, the therapeutic injections segment is expected to show noticeable growth during the predicted period
  • Growing emphasis on infection control measures in healthcare settings, propel the disposable syringes market revenue

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Disposable Syringes Market Trends

The disposable syringes market has witnessed robust growth in recent years, driven by several factors contributing to increased demand and adoption worldwide. The market has been propelled by the growing prevalence of chronic diseases requiring frequent administration of medications, such as diabetes, cancer, and autoimmune disorders. As a result, there has been a rising need for reliable and convenient injection devices, with disposable syringes emerging as a preferred choice due to their safety, ease of use, and cost-effectiveness.

Furthermore, stringent regulations and guidelines mandating the use of single-use medical devices to minimize the risk of healthcare-associated infections have significantly fueled the Disposable Syringes Market growth. Healthcare institutions and providers are increasingly prioritizing patient safety and infection control measures, prompting a shift towards disposable syringes over reusable alternatives. Additionally, technological advancements and innovations in materials and design have enhanced the performance and functionality of disposable syringes, further driving market expansion. Moreover, the COVID-19 pandemic has further accelerated the demand for disposable syringes, particularly with the global vaccination efforts against the virus. Mass immunization campaigns have necessitated the use of large quantities of syringes, leading to a surge in production and sales.

Disposable Syringes Market Segmentation

Acumen Research and Consulting has segmented the global Disposable Syringes Market by type, application, end user, and region.

  • By type, the industry is categorized into safety syringes (retractable safety syringes, and non-retractable safety syringes), and conventional syringes.
  • By application, the market is divided into therapeutic injections, and immunization injections.
  • By end user, the market is bifurcated into hospitals, blood collection centers, diabetic centers, veterinary clinics, and others.
  • By region, the market is classified into Asia-Pacific, Latin America, North America, Europe, and the MEA.

Disposable Syringes Market Regional Overview

According to the disposable syringes industry analysis, the Asia-Pacific region has emerged as a significant growth region in the disposable syringes market, fueled by several key factors driving demand and adoption. One of the primary drivers is the rapid expansion of healthcare infrastructure and services across various countries in the region. With increasing investments in healthcare and rising government initiatives to improve healthcare access and affordability, there has been a substantial rise in healthcare facilities and patient populations requiring medical interventions, including the use of disposable syringes. Furthermore, the Asia-Pacific region is experiencing demographic shifts, including a growing aging population and increasing prevalence of chronic diseases. This demographic trend has led to a higher demand for medical treatments and interventions, driving the need for disposable syringes for medication administration and disease management. Additionally, rising awareness about infection control and patient safety measures has prompted healthcare providers in the region to adopt single-use medical devices like disposable syringes to minimize the risk of cross-contamination and infections.

Disposable Syringes Market Players

Some of the prominent Disposable Syringes Market companies are Braun Medical, Inc., Fresenius Kabi AG, Terumo Corporation, Flextronics International Vita Needle Company, Retractable Technologies, Inc., Nipro Corporation, Baxter International, Inc., Novo Nordisk, Covidien, Henke-Sass, Wolf, UltiMed, Inc., and Becton, Dickinson and Company.

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