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.
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
Healthcare | Mar, 2021
Growing prevalence of chronic diseases such as diabetes and blood borne infections is expected to drive Global Disposable Syringes Market during the forecast period.
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