Disposable Syringes Market to Grow at 10.3% CAGR during Forecast Period, According to a 2023 Report

Report Overview
The market for disposable syringes, which was estimated to be worth USD 13.45 billion in 2021, is anticipated to rise at a CAGR of 10.3% from 2023 to 2032. The increase is attributable to the rising incidence of chronic diseases, the expanding use of safety syringes, and the rising number of operations performed around the world. For instance, 70 million surgical procedures are carried out annually in Europe, according to Mölnlycke Health Care AB in 2021.

Syringes used to be produced in large quantities and were expensive. As a result, medical practitioners had to use the same syringe on many individuals. Because of this, it was essential for all medical professionals to correctly disinfect and sharpen the syringe following each usage. As a result, chronic illnesses started to spread in recent years. Due to its numerous advantages over reusable syringes, demand for disposable syringes has surged as a result. Disposable syringes have a number of advantages, including safety and thorough sanitation.

A disposable syringe is one that is intended for a single use and is thrown away after use. A syringe is additionally described as a sterile cylindrical medical device with a skinny hollow needle at the end. Additionally, this apparatus serves as a pump for transferring therapeutic liquid formulation from vials into a patient's bloodstream. Syringes are additionally used to remove bodily fluids from the body, including blood. Disposable syringes come in a variety of varieties, including traditional disposable syringes and safety disposable syringes. Based on how they work, these two kinds of disposable syringes are distinct from one another. For instance, safety disposable syringeshave a safety mechanism built into the syringe such as a sheath which is placed over the needle or the needle that retracts into the barrel following injection.

Segment Review
The safety disposable syringes segment dominated the market in terms of product type. Additionally, the sector is anticipated to develop at the quickest rate throughout the projected period due to factors like the increased use of safety disposable syringes. This is because there are effective government programmes in place, such as the U.S. agency OSHA, which ensures safe and healthy working conditions for both working men and women. Similar to this, in 2015 the World Health Organization (WHO) introduced a new strategy to end the use of hazardous injections worldwide. Additionally, the market is growing as clinicians become more aware of the advantages that these devices offer. Development of the healthcare industry in developing regions is another factor that contributes toward the growth of safety disposable syringes.

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Market Segmentations:
The research report includes specific segments by region (country), by Company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Global Disposable Syringes Market: By Types
Disposable Auto-Disable Syringes
Disposable Dispensing Syringe
Disposable Sterilized Syringe
Disposable Insulin Syringe
Prefilled Syringes

Global Disposable Syringes Market: By Applications
Hospitals
Clinics
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

Global Disposable Syringes Market: Top Key Players
BD
Terumo
WEGO
Cardinal Health
Nipro
B.Braun
Smiths Medical ASD,Inc
KDL
Fresenius Kabi AG
DOUBLE-DOVE
QIAO PAI
Feel Tech
Zheng Kang
SHU GUANG JIAN SHI
Jichun
Sansin
SHENG GUANG
HONGDA
SHIFENG
Zibo Shanchuan

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Crucial factors accountable for market growth are:
• Increasing number of patients at risk of developing stroke
• Increasing patient awareness
• Increased health care expenditure
• Large pool of geriatric population

COVID-19 Impact on Global Disposable Syringes Market
The Covid-19 pandemic's effects on the market as a whole, from both the supply and demand sides, will be demonstrated and examined. The market for disposable syringes has grown as a result of life-saving immunisation campaigns against various diseases and viral infections that have been done in every country on the planet. The WHO has additionally suggested using disposable and auto-disable syringes to collect blood samples from 19 people who have Covid, which aids in preventing transmission across healthcare institutions.

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Future of Global Disposable Syringes Market
Important businesses like Baxter International and Fresenius Kabi AG are pursuing profitable expansion by embracing tactics like mergers and acquisitions and significant expenditures in the industrial infrastructure that are anticipated to drive global market growth in the near future. This trend is probably going to persist, which will boost the targeting industry's expansion in the anticipated time frame. The use of secure and designed gadgets in the medical industry is subject to strict government restrictions, which will spur target market expansion over the projection period.

Frequently Asked Questions About This Report
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• Which segment accounted for the largest disposable syringes market share?
• Who are the key players in disposable syringes market?
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