Disposable Syringes Market to Undergo Significant Growth in Coming Years
Growing demand for injectable drugs and increasing cases of
needlestick injuries to drive global disposable syringes market
According to
TechSci Research report, “Global Disposable
Syringes Market By Type (Conventional Syringes, Pre-filled Syringes, Safety
Syringes (Retractable Safety Syringes, Non-Retractable Safety Syringes), By Application
(General Surgery, Diagnostic, Therapeutic, Respiratory, Orthopedics,
Cardiovascular, Dental, Others), By End User (Hospitals, Diagnostic
Laboratories, Blood Banks, Pharmaceutical Industry, Vaccination, Veterinary
Purposes, Others), By Material (Glass, Polymer), By Region, Forecast &
Opportunities, 2025”, the market is expected to witness
robust CAGR during the forecast period. Key factors propelling the growth of
global disposable syringes market include growing demand for injectable drugs
owing to the lack of bioavailability in conventional drug delivery methods and
increasing cases of needlestick injuries. The growing prevalence of various
chronic diseases, whose treatment requires use of disposable syringes is also
acting as a major growth driver for this market. Moreover, increasing
expenditure on healthcare and rising number of hospitals & clinics are also
driving the growth of global disposable syringes market. Also, increasing
demand for vaccines is expected to fuel the market growth through 2025.
Additionally, the development of self-injection
devices is also creating profitable opportunity for disposable syringes
manufactures. The increasing cases of infectious diseases including global
pandemic COVID-19 is also creating high demand for disposable syringes around
the world. Also, various government organizations are offering funding to
companies for manufacturing disposable syringes that can be used for the
treatment of coronavirus patients. However, the market is also prone to some
challenges. High cost of safety disposable syringes is expected to hamper the
market growth. Moreover, availability of alternative delivery modes is also
expected to hamper the global disposable syringes market in the coming years.
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Global disposable
syringes market is segmented based on type, application, end user, material and
region. Based on type, the market can be segmented into conventional syringes,
pre-filled syringes and safety syringes. The safety syringes segment is further
categorized into retractable safety syringes and non-retractable safety
syringes. Among them, safety syringes, particularly, non-retractable syringes accounted
for largest market share in 2019. They are further expected to undergo high
growth during the forecast period as cases of transmission of blood-borne infections
are rising owing to which, there is a growing demand for safer syringes.
Based on
application, global disposable syringes market can be segmented into general
surgery, therapeutic, diagnostic, respiratory, orthopedics, cardiovascular,
dental and others. Among them, the therapeutic segment dominated the market in
2019 owing to spike in prevalence of various chronic disorders that require the
usage of therapeutic agents with the help of disposable syringes. The segment
is expected to hold its dominance during the forecast period with introduction
of new injectable drugs.
Major players operating in the global
disposable syringes market are Air-Tite Products Co., Inc., Baxter
International, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG,
Cardinal Health, Henke-Sass, Wolf GmbH, Hindustan Syringes & Medical
Devices Ltd, Nipro Medical Corporation, Retractable Technologies, Inc., Terumo
Corporation, Vita Needle Company and Novo Nordisk A/S. The companies are
adopting growth strategies such as collaborations, new product launches,
partnerships and acquisitions to increase their global market share.
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“Easy availability
of disposable syringes and high expenditure on healthcare is making North
America the largest market for disposable syringes manufacturers and the region
is expected to dominate the market through 2025. On the other hand, Asia
Pacific is anticipated to witness fastest growth during the forecast period
owing to growing awareness regarding the use of disposable syringes,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Disposable Syringes Market By Type
(Conventional Syringes, Pre-filled Syringes, Safety Syringes (Retractable
Safety Syringes, Non-Retractable Safety Syringes), By Application (General
Surgery, Diagnostic, Therapeutic, Respiratory, Orthopedics, Cardiovascular,
Dental, Others), By End User (Hospitals, Diagnostic Laboratories, Blood Banks,
Pharmaceutical Industry, Vaccination, Veterinary Purposes, Others), By Material
(Glass, Polymer), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global disposable
syringes market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global disposable syringes market.
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