The global disposable syringes market accounted for $5,450 million in 2018, and is expected to reach $8,113.7 million by 2026, registering a CAGR of 5.1% from 2019 to 2026.
A syringe which is designed for one time use and is discarded after the use is called as a disposable syringe. Furthermore, a syringe is defined as a sterile cylindrical medical instrument which has a thin hollow needle at the end. In addition, this device acts as a pump, which is used to draw therapeutic liquid formulation from vials and deliver them to the blood stream of a patient. Moreover, syringes are also employed for extraction of fluids from the body such as blood.There are different types of disposable syringes present in the market such as conventional disposable syringes and safety disposable syringes. These two types of disposable syringes are different from each other based on their mechanism of action. For instance, safety disposable syringeshave a safety mechanism built into the syringe such as a sheath which is placed over the needle or the needle that retracts into the barrel following injection.
The major factor that contributes to the growth of the disposable syringes market include surge in the use of injectable drugs, due to the lack of bioavailability in conventional drug delivery methods. Furthermore, other factors such as rise in healthcare expenditure and surge in cases of needlestick injuries also fuel the growth of the market. In addition, surge in prevalence of various chronic diseases that require use of disposable syringe systems is another major factor that contributes to the growth of market. However, high cost of safety disposable syringes restricts market growth. Conversely, high growth potential in developing economies is expected to offer lucrative opportunities during the forecast period.
Disposable Syringes Market Segmentation
The disposable syringes market size is studied on the basis of product type, application, and region to provide a detailed assessment of the market. On the basis of product type, it is segmented into conventional disposable syringes and safety disposable syringes. By application, it is bifurcated into immunization injections and therapeutic injections. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
According to product type, the safety disposable syringes segment acquired the major share of the market. Furthermore, the segment is also expected to exhibit fastest growth during the forecast period, owing to factors such as rise in adoption of safety disposable syringes. This is due to presence of favorable government initiatives, such as occupational safety and health administration (OSHA), an agency in the U.S., assures safe and healthy working conditions for working men and women. Similarly, the world health organization (WHO) launched a new policy in 2015 to eradicate the practice of unsafe injections globally. Moreover, increase in awareness among clinicians related to benefits offered by these devices boosts the market growth. Development of the healthcare industry in developing regions is another factor that contributes toward the growth of safety disposable syringes.
By Product Type
safety disposable syringes is projected as one of the most lucrative segment.
By application, the therapeutic injections segment acquired the major share of the disposable syringes market. This growth of the segment is attributable to the factors such as surge in prevalence of various chronic disorders such as diabetes and cancer, which require the administration of therapeutic agents with the help of disposable syringes. Furthermore, the immunization injection segment is expected to grow at the fastest pace during the forecast period, owing to the factors such as rise in the awareness related to benefits of vaccination across the globe.
therapeutic injections holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.
By region, North America accounted for the major disposable syringes market share in 2018 and is expected to continue this trend, owing to easy availability of disposable syringes. Moreover, surge in prevalence of various chronic conditions, which require immunization is another major reason that contributes to the growth of this market. On the other side, Asia-Pacific is estimated to register the fastest growth during the forecast period, attributed to the increase in awareness regarding the use of disposable syringes in the region. The constantly evolving life science industry drives the growth of the market in developing economies such as India, China, and Malaysia. As constant development leads to surge in awareness related to use of disposable syringes.
Asia-Pacific region would exhibit the highest CAGR of 6.50% during 2019-2026.
The global disposable syringes market is highly competitive and the prominent players in the market have adopted various strategies to garner maximum market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Baxter International Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, Henke-Sass Wolf, Nipro Medical Corporation, Novo Nordisk A/S, Retractable Technologies, Inc., Terumo Corporation, and Vita Needle Company.
Key Benefits For Stakeholders
- This report entails a detailed quantitative analysis along with the current global disposable syringes market trends from 2018 to 2026 to identify the prevailing opportunities along with the strategic assessment.
- The disposable syringes market forecast is studied from 2019 to 2026.
- The market size and estimations are based on a comprehensive analysis of key developments in the industry.
- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
Disposable Syringes Market Report Highlights
By Product Type
Key Market Players
NOVO NORDISK A/S, B. BRAUN MELSUNGEN AG, NIPRO MEDICAL CORPORATION, TERUMO CORPORATION, BAXTER INTERNATIONAL INC., CARDINAL HEALTH, BECTON, DICKINSON AND COMPANY, HENKE-SASS WOLF, VITA NEEDLE COMPANY, RETRACTABLE TECHNOLOGIES, INC.
A disposable syringe is defined as an instrument which is discarded after one time use. The instrument is a hollow cylinder which has a needle attached to the end. Furthermore, disposable needles act as a simple piston pump which are used to either draw blood sample from the body of the patient or administer drugs into the bloodstream. In addition, there are different type of disposable syringes available in the market such as conventional disposable syringes and safety disposable syringes.
The utilization of disposable syringes has witnessed a significant growth, owing to surge in cases of needlestick injuries worldwide. Moreover, surge in surge in the use of injectable drugs, due to the lack of bioavailability in conventional drug delivery methods and rise in the healthcare expenditure are other factors that boost the growth of the market.