Press release
Disposable Syringes Global Market 2022-2027: Growth Rate (7.70%), SWOT Analysis, Top Manufacturer and Opportunities
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How big is the disposable syringes industry?
The global disposable syringes market reached a value of US$ 13.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 20.5 Billion by 2027, exhibiting a CAGR of 7.70% during 2022-2027.
What is disposable syringes?
Disposable syringes are mainly utilized for injecting medicines through intramuscular or intravenous ways to treat several diseases. They are plastic needles designed for one-time use in the veterinary, medical, and research and development (R&D) fields. Disposable syringes are of various kinds, such as conventional, retractable, safety, and non-retractable. They are cheaper when compared to the traditional needles without any maintenance costs. Disposable syringes assist in preserving the safety of the patients while reducing the chances of cross-contamination. As a result, these needles find widespread applications in hospitals, research laboratories, diagnostic centers, clinics, etc.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major drivers for the disposable syringes market?
The escalating product demand to support the diagnosis and treatment of several chronic illnesses, including cancer, stroke, heart disease, respiratory disorder, injuries, diabetes, Alzheimer's, influenza, pneumonia, etc., is primarily driving the disposable syringes market. Besides this, the rising number of patients suffering from acquired immune deficiency syndrome (AIDS) across countries, on account of unprotected sexual contact, is further augmenting the market growth.
Moreover, the growing popularity of disposable syringes, owing to the increasing incidences of needlestick injuries among patients, is also catalyzing the global market. Apart from this, the launch of various policies by the government bodies to promote the utilization of single-use medical supplies to prevent the spread of infections in operating rooms is acting as another significant growth-inducing factor. Furthermore, the emerging trend of self-injecting medicines is anticipated to propel the disposable syringes market over the forecasted period.
Key Market Segmentation:
The report has segmented the market on the basis of region, product type, application and end user.
Breakup by Product Type:
• Conventional Syringes
• Safety Syringes
o Retractable Safety Syringes
o Non-Retractable Safety Syringes
Breakup by Application:
• Immunization Injections
• Therapeutic Injections
Breakup by End User:
• Hospitals
• Diagnostic Laboratories
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
• B. Braun Melsungen AG
• Baxter International Inc.
• Becton Dickinson and Company
• Cardinal Health Inc.
• Fresenius SE & Co. KGaA
• Henke-Sass Wolf GmbH
• Nipro Corporation
• Novo Nordisk A/S
• Retractable Technologies Inc.
• Terumo Corporation
• Vita Needle Company.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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