Disposable Syringes Market Size to Hit US$ 10.41 Bn by 2030

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Table of Content

As per Precedence Research, the disposable syringes market size was accounted US$ 6.73 billion in 2021 and it is expected to hit US$ 11.02 billion by 2030, growing at a CAGR of 5.6% during the forecast period 2022 to 2030.

The disposable syringes are syringes that are designed for single use and are thrown after use. Sterile cylindrical medical equipment with a thin hollow needle at the end is also known as a syringe. This gadget also functions as a pump, drawing therapeutic liquid formulations from vials and delivering them to a patient’s bloodstream. In addition, the syringes are used to collect fluids from the body such as blood. The disposable syringes come in a variety of styles including traditional disposable syringes and safety disposable syringes.

The demand for disposable syringes is being fueled by future injection procedures utilizing vaccines during the ongoing COVID-19 pandemic phase. The disposable syringes manufacturers are expanding their capacity to produce dual chamber syringes, which are meant to deliver two medications simultaneously. The concept of specialized syringe manufacturing is gaining traction in the market. On the other hand, producers face design and production hurdles in specialty syringes such as the product’s sophisticated mechanism compared to regular syringes. As a result, to overcome molding limits in specialty syringes, producers should use computer aided design geometry. They should undertake design reviews that include a risk assessment of specialty syringe designs.

The growing operations of various national government organizations to raise awareness about the usage of disposable syringes, the need to restrict the transmission of illnesses such as HIV and the surge in demand for injectable pharmaceuticals are all contributing to the growth of the global disposable syringes market. The usage of injectable medications has increased significantly, owing to the lack of bioavailability in traditional drug delivery systems. During first pass metabolism, a huge proportion of orally taken medicines decompose, rendering them useless by the time they reach the systematic circulation. Injectable medications, on the other hand, enter the systemic circulation immediately and offer the intended effect with a faster commencement of action.

Scope of the Report

 

Report Highlights:

• Based on the type, the safety syringe segment dominated the global disposable syringes market in 2021 with largest market share. Additionally, due to factors such as the increased acceptance of safety disposable syringes, the category is predicted to grow at the quickest rate during the forecast period.
• By application, the therapeutics segment is the largest segment in the disposable syringes market. The risk in prevalence of chronic diseases like cancer and diabetes, which necessitate the use of disposable syringes to administer therapeutic drugs is attributed to the segment’s growth.
• North America is the largest segment for disposable syringes market in terms of region. Another key factor contributing to the market’s growth is the rising prevalence of numerous chronic disorders that necessitate immunization.
• Asia-Pacific region is the fastest growing region in the disposable syringes market. This is attributed to the rise in awareness of the usage of disposable syringes in this region.

Key Players

The key players operating in the global disposable syringes market are Fresenius Kabi, Covidien, Becton, Dickinson and Company, Flextronics International, Braun Medical, Inc., Novo Nordisk, Vita Needle Company, Baxter International, Inc., Retractable Technologies, Inc., UltiMed, Inc., Henke-Sass, Wolf, and Terumo Corporation among others.

Future of Disposable syringes Market

The global disposable syringes market is being driven by the continued growth of the injectable medicines sector, which is mostly includes biologics. The biologics accounts for the largest market share in clinical trials. This suggests that the biologics market is booming. As a result, the disposable syringes market is likely to grow. The global disposable syringes market is being fueled by an increase in demand for point-of-care administration and technological developments in the manufacturing of disposable syringes. The global disposable syringes market has grown as the number of needle stick injuries has increased.   

COVID-19 Impact Analysis:

• The COVID-19 pandemic continues to have a beneficial impact on the disposable syringes market.
• Due to increased number of studies and research being conducted in order to create a vaccine to cure and prevent the spread of COVID-19 epidemic, the need for disposable syringes used in vaccination administration has increased dramatically.

Key Developments in the Marketplace:

• Zahoransky Automation and Molds and ENGEL exhibited a completely automated technology for making glue free disposable syringes in October 2013. The system could handle everything from creating molds to blister free packaging. It was capable of producing 400 units every minute or to 52 million syringes each year. ENGEL said in February 2012 that it had built an integrated production unit that would save money.

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