Press release
Disposable Syringes Market Anticipated To Witness Robust Growth, Surpassing $16.92 Billion By 2029
The Disposable Syringes Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Disposable Syringes Market Size and Its Estimated Growth Rate?
In recent times, there has been a remarkable growth in the size of the disposable syringes market. The market's worth is projected to rise from $11.89 billion in 2024 to $12.59 billion in 2025, yielding a compound annual growth rate (CAGR) of 5.9%. Factors driving this growth in the past include the HIV/AIDS epidemic, enhanced vaccination initiatives, the burgeoning biotechnology and pharmaceutical sectors, the widespread nature of chronic ailments, and the escalation in the worldwide population.
The market for disposable syringes is anticipated to experience robust growth in the forthcoming years, anticipating to reach $16.92 billion by the year 2029 at a compound annual growth rate (CAGR) of 7.7%. This growth trajectory for the forecast period is largely due to the rising awareness of bloodborne diseases, enhanced focus on patient safety, incorporation of digital health technologies, regulations promoting single-use devices, and worldwide health initiatives. Key trends projected during this period include the development of injection technologies, technological breakthroughs in material sciences, emphasis on eco-friendly healthcare, improvements in needle safety, and the application of 3D printing in the production of syringes.
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How Are Emerging Segments Shaping the Disposable Syringes Market Landscape?
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
Subsegments:
1) By Conventional Syringes: Standard Disposable Syringes, Luer Lock Syringes, Luer Slip Syringes
2) By Safety Syringes: Auto-Disable Syringes, Retractable Syringes, Safety Pen Syringes
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Which Growth Factors Are Influencing Disposable Syringes Market Expansion?
The anticipated upsurge in chronic disease occurrences is predicted to fuel the expansion of the disposable syringes market. Chronic diseases, such as diabetes, are illnesses that persist for over three months and can progressively worsen over time. Disposable syringes, widely utilized in the treatment of various chronic illnesses, offer a safer method for drug administration. For example, the National Library of Medicine, a US-based organization, predicted in January 2023 that the count of individuals in the US aged 50 and above, suffering from at least one chronic disease, would surge by 99.5%, escalating from 71.522 million in 2020 to 142.66 million by 2050. Consequently, the increasing occurrences of chronic diseases are acting as the growth catalyst for the disposable syringes market.
Who Are the Dominant Players Across Different Disposable Syringes Market Segments?
Major companies operating in the disposable syringes market include 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
What Are the Latest Developing Trends in the Disposable Syringes Market?
Prominent firms in the disposable syringe market are prioritizing the development of unique products such as single-use syringes to augment patient safety and decrease infection risks. These single-use syringes are designed for a one-time application to introduce or withdraw fluids, thereby guaranteeing asepsis and reducing cross-contamination chances. Made of plastic, these syringes are discarded right after use to encourage safe practices in healthcare environments. For instance, in May 2024, Hindustan Syringes and Medical Devices, a manufacturing company based in India, introduced the Dispojekt single-use syringes, aimed at significantly diminishing the occurrence of needle stick injuries. Dispojekt syringes come with a Sharps Injury Prevention (SIP) shield to limit accidental needle-stick injuries, hence safeguarding healthcare practitioners and patients. Their easy-to-use, one-handed operation system enables secure disposal without any alterations to the injection methods, thereby streamlining the process for medical personnel. Moreover, these syringes contribute to the reduction of healthcare expenditure associated with disease management and after-exposure care by minimizing needle-stick incidents, providing economic advantages to the healthcare sector.
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Which Geographic Regions Are Expected to Dominate the Disposable Syringes Market in the Coming Years?
North America was the largest region in the disposable syringes market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Disposable Syringes Market?
2. What is the CAGR expected in the Disposable Syringes Market?
3. What Are the Key Innovations Transforming the Disposable Syringes Industry?
4. Which Region Is Leading the Disposable Syringes Market?
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