Press Release

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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