Global Disposable Syringes Market is Forecast to Grow at a CAGR of 13.28% through 2026
Growing prevalence of chronic diseases, such as respiratory and
blood borne infections, increasing adoption of injectable drugs, growing number
of vaccination and immunization programs is expected to drive Global Disposable
Syringes Market during the forecast period.
According to TechSci
Research report, “Global Disposable
Syringes Market By Type (Conventional Syringes, Pre-filled Syringes,
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, 2026”,
Global Disposable Syringes Market was valued USD16.68 billion in value terms in
2020 and is forecast to grow at CAGR of 8.78% in value terms to reach USD27.45
billion by 2026. Growing demand for injectable drugs due to a lack of
bioavailability in traditional drug delivery methods, as well as surging geriatric
population, are driving the growth of the global disposable syringes market.
The growing number of vaccination and immunization
programs is also propelling this market forward. In addition, rising healthcare
spending, advancement in drug delivery technologies and an increase in the
number of hospitals and clinics is also contributing to the growth of the
market. Furthermore, the production of self-injection products is providing a
lucrative opportunity for disposable syringe manufacturers. However, the market
is also prone to some challenges. The market's growth is expected to be
hindered by the high cost of safety disposable syringes and an increase in
material costs due to high demand. Furthermore, disruptions in imports and
exports have had a considerable impact on demand and supply ratio. In the
coming years, the availability of alternative delivery modes is expected to
curtail the global disposable syringes market.
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The market for
global disposable syringes is divided into by types, by applications, by end
users, by materials, and by regions. By types, market can be classified into
three sub-segments: conventional syringes, pre-filled syringes, and safety
syringes. Furthermore, the global disposable syringes market can be divided
into two types of materials: polymer and glass. Whereas, due to the widespread
prevalence of infectious diseases, polymer-based syringes are expected to
dominate global market.
The global
disposable syringes market can be further divided into general surgery, therapeutic,
diagnostic, respiratory, orthopedics, cardiovascular and dental, depending on
the application. Based on end users, the global disposable syringes market is
categorised into (hospitals, diagnostic laboratories, blood banks,
pharmaceutical industry, vaccination, veterinary purposes). Among these
segments, hospital segment covers significant portion of global disposable
syringes market and it is expected to dominate this market throughout forecast
period as compared to other segments.
Major companies
operating in global disposable syringes market include Baxter International,
Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Cardinal Health,
Inc, Hindustan Syringes & Medical Devices Limited, Nipro Medical
Corporation, Retractable Technologies, Inc., Terumo Corporation, Teleflex
Incorporated and Novo Nordisk A/S, among others. Key market players are
undergoing collaborations, new product launches, partnership, and acquisitions
as their growth strategies.
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“Due to the easy
availability of disposable syringes and the high healthcare spending, North
America is becoming one of the largest markets for disposable syringe manufacturing
and is expected to remain as one of the leaders in this market through
2026. The safety syringe section, on the other hand, is expected to rise at the
fastest pace during the forecast period, owing to increased awareness regarding
needle injuries and chronic disease.”, 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 Syringe, 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, 2026” has evaluated the future growth potential
of Global Disposable Syringes Market and provides statistics and 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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