Disposable Syringes Market Size, Latest Trends, Growth Rate, Key Drivers And Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Disposable Syringes Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $15.74 billion In 2028 At A CAGR Of 6.6%.

The disposable syringes market size has grown strongly in recent years. It will grow from $11.44 billion in 2023 to $12.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to hiv/aids epidemic, increased vaccination programs, rise of biotechnology and pharmaceutical industries, prevalence of chronic diseases, global population growth.

The disposable syringes market size is expected to see strong growth in the next few years. It will grow to $15.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to awareness of bloodborne infections, focus on patient safety, integration of digital health technologies, regulatory emphasis on single-use devices, global health initiatives. Major trends in the forecast period include advancements in injection technologies, technological innovations in material sciences, focus on sustainable healthcare, innovations in needle safety, 3d printing in syringe manufacturing.

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Disposable Syringes Market Major Segments
The disposable syringes market covered in this report is segmented -

1) By Type: Conventional Syringes, Safety Syringes
2) By Application: Immunization Injections, Therapeutic Injections
3) By End User: Hospitals, Diagnostic Laboratories, Blood Banks, Pharmaceutical Industry

Key Driver - Increasing Incidence Of Chronic Diseases Boosts Growth In Disposable Syringes Market

Rising incidences of chronic diseases are expected to propel the growth of the disposable syringes market going forward. A chronic disease is a form of illness that lasts three months or more and can deteriorate with time, such as diabetes. Disposable syringes provide a safer way of drug administration and are widely used for various chronic diseases, primarily for diabetes patients who are undergoing treatment. For instance, in January 2023, according to the National Library of Medicine, a US-based agency, the number of people in the US aged 50 and older who have at least one chronic condition would increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the rising incidences of chronic diseases are driving the growth of the disposable syringes market.

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Prominent Trend - Advancements In Needle Technology Drive Progress In Disposable Syringe Market

Product innovation is the key trend gaining popularity in the disposable syringe market. Major companies operating in the disposable syringe market are developing innovative treatments to sustain their position in the market. For instance, in September 2021, Becton Dickinson and Company, a US-based medical device company, launched the BD Intevia 1 mL two-step disposable autoinjector. It is a platform device that combines a pre-fillable syringe and an autoinjector into one integrated system. The BD Intevia disposable autoinjector is a 2-step push-on-skin device that injects drugs of different fill volumes of up to 1 mL and different viscosities up to 35 cP safely and effectively. The unique design of BD Intevia 1 mL allows pharmaceutical companies to adopt it for a variety of drugs.

Disposable Syringes Market Players
Major companies operating in the disposable syringes market report are Nipro Corporation, Cardinal Health Inc., Fresenius Kabi AG, Medtronic plc, Novo Nordisk AS, Becton Dickinson & Company Ltd., Baxter Pharmaceutical Solutions LLC, B. Braun Melsungen AG, Terumo Corporation, ICU Medical Inc, Gerresheimer AG, Pisa Pharmaceuticals Company, Shanghai Kindly Enterprise Development Group Co. Ltd., Jiangxi Sanxin Medtec Co.Ltd., Henke Sass Wolf Medical Instruments (Qingdao) Ltd, Retractable Technologies Inc, CODAN Medizinische Geräte GmbH & Co KG, UltiMed Inc., Sol-Millennium Medical Inc., Unilife Corporation, Vita Needle Company, Jiangsu Jichun Medical Devices Co. Ltd., Exelint International Co., ISCON Surgicals Ltd., Shanghai Kohope Medical Co Ltd., Star Syringe Ltd., Injex Industrias Cirurgicas Ltda, Feel Tech Bio.Co. Ltd., Hindustan Syringes & Medical Devices Ltd, Liaoning Kangyi Medical Equipment Co. Ltd

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Largest And Fastest Growing Region In The Market
North America was the largest region in the disposable syringes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disposable syringes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Disposable Syringes Market Report Structure
3. Disposable Syringes Market Trends And Strategies
4. Disposable Syringes Market - Macro Economic Scenario
5. Disposable Syringes Market Size And Growth
…..
27. Disposable Syringes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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