Press release
Disposable Syringe Market Size 2024 to 2031.
Market Overview and Report CoverageA disposable syringe is a medical device used for injecting fluids or for the intake of fluids. It consists of a needle attached to a hollow plastic tube. The disposable syringe market is witnessing significant growth due to the rising prevalence of chronic diseases, the increasing demand for vaccines, and the growing emphasis on safety and hygiene in healthcare settings.
The future outlook for the disposable syringe market looks promising, with a projected growth rate of 5.10% during the forecasted period. Factors such as technological advancements in syringe design, the increasing prevalence of infectious diseases, and the growing awareness about safe injection practices are expected to drive market growth. Additionally, the expanding geriatric population, rising healthcare expenditures, and the growing focus on preventive healthcare measures are likely to further boost the demand for disposable syringes.
Overall, the disposable syringe market is expected to experience steady growth in the coming years, driven by factors such as increasing healthcare infrastructure development in emerging economies, the rising adoption of injectable drugs, and the growing investments in research and development for innovative syringe technologies.
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Market Segmentation
The Disposable Syringe Market Analysis by types is segmented into:
• Conventional Syringes
• Safety Syringes
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Disposable syringes can be categorized into two main types: conventional syringes and safety syringes. Conventional syringes are the traditional type of syringes that are commonly used for various medical procedures. On the other hand, safety syringes are designed with features to prevent needlestick injuries and promote safe disposal after use. The safety syringes market is gaining traction due to the increasing focus on healthcare worker safety and the need to reduce the risk of needlestick injuries and infections.
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The Disposable Syringe Market Industry Research by Application is segmented into:
• Medial Uses
• Non-Medial Uses
Disposable syringes have a wide range of applications in both medical and non-medical fields. In the medical sector, they are primarily used for administering vaccines, medications, and performing various medical procedures. On the other hand, in non-medical applications, disposable syringes are used for DIY projects, crafting, automotive repairs, and other household tasks. The market for disposable syringes is driven by the increasing demand for safe and convenient healthcare products as well as the growing popularity of DIY and crafting activities.
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In terms of Region, the Disposable Syringe Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Disposable Syringe market?
Some emerging trends in the global disposable syringe market include the growing demand for safety syringes to prevent needlestick injuries and infections, the increasing prevalence of chronic diseases driving the need for injectable medications, and the introduction of advanced materials for syringe manufacturing to enhance performance and reduce environmental impact. Additionally, the rise of self-administration of medication at home and the adoption of prefilled syringes by healthcare providers for convenience and accuracy are also key trends shaping the market. Overall, the disposable syringe market is expected to continue to expand with advancements in technology and increasing healthcare awareness worldwide.
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Major Market Players
BD (Becton, Dickinson and Company) is a leading player in the disposable syringe market, offering a wide range of products for various medical applications. The company has a long history dating back to the late 19th century and has since grown into a global healthcare company with a strong presence in over 50 countries. BD has a strong focus on innovation and invests heavily in research and development to bring advanced solutions to the market.
Terumo Corporation is another key player in the disposable syringe market, known for its high-quality products and strong global presence. The company has a history dating back to the 1920s and has since expanded its product portfolio to include a wide range of medical devices and equipment. Terumo is committed to delivering innovative solutions to meet the evolving needs of healthcare professionals and patients.
Cardinal Health is a leading healthcare company that also operates in the disposable syringe market. The company provides a comprehensive range of medical products and services, including disposable syringes, to healthcare providers worldwide. Cardinal Health has experienced significant growth in recent years, driven by its strategic acquisitions and partnerships in the healthcare industry.
In terms of sales revenue, BD reported a total revenue of $17.1 billion in fiscal year 2021. Terumo Corporation reported sales revenue of $7.8 billion in the same fiscal year. Cardinal Health reported sales revenue of $163.5 billion for the same period. These figures demonstrate the strong market presence and financial performance of these key players in the disposable syringe market.
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