The global disposable syringes market size is expected to reach USD 9.22 Billion in 2028 and register a revenue CAGR of 5.6% over the forecast period, according to a latest report by Reports and Data. Rising prevalence of various infectious diseases, coupled with increasing initiatives by governments of various countries across the globe to promote immunization and vaccination programs is expected to drive market revenue growth during the forecast period. For instance, ongoing COVID-19 pandemic has resulted in high demand and requirement for disposable syringes to administer vaccine doses during vaccination drives in countries across the globe. In addition, manufacturers are investing to ramp up production of disposable syringes in order to meet the rapidly rising demand for these products. Government of various countries are investing in research & development projects and for expanding manufacturing capacity in order to increase production of vaccines faster. These factors are expected to boost revenue growth of the global disposable syringes market during the forecast period.
Increasing number of cases related to needle-stick injuries is resulting in growing need for syringes with safety mechanisms. For instance, according to the World Health Organization (WHO), over 2 Million occupational exposures to sharp-object injuries occur among 35 Million Healthcare Workers (HCWs) annually. The needlestick injuries can transmit infectious diseases, especially blood borne diseases such as AIDS, Hepatitis B and Hepatitis C. Spread of various infectious diseases causing due to needlestick injuries can be minimized by opting for disposable syringes. This is another major factor expected to boost demand for disposable syringes and drive market revenue growth.
Increasing vaccination drives across the world is boosting demand for auto-disable syringes which can help in preventing transmission of other infectious diseases and drive market revenue growth. Auto-disable syringes are highly recommended for immunization programs as these syringes are designed to prevent re-use by locking automatically after a single use. Ability of auto-disable syringes to assure patients that they are receiving their vaccine shots safely without any risks of infectious diseases due to contaminated needles is resulting in increasing use of auto-disable disposable syringes for vaccination programs.
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Key Companies in the market include:
Braun Medical, Inc., Fresenius Kabi AG, Baxter International, Inc., Flextronics International Vita Needle Company, Terumo Corporation, Novo Nordisk, UltiMed, Inc., Henke-Sass, Wolf, Covidien, Retractable Technologies, Inc., and Becton Dickinson and Company.
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Market segment analysis:
Product Type Outlook (Revenue, USD Billion; 2018 – 2028)
- General Syringes
- Specialized Syringes
- Safety Syringes
- Pre-filled Syringes
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Immunization Injections
- Therapeutic Injections
End Use Outlook (Revenue, USD Billion; 2018 – 2028)
- Blood collection centers
- Diabetic centers
- Veterinary Clinics
Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Features of the Global Disposable Syringes Market Report:
- Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
- Identification and analysis of significant trends and factors driving revenue growth of the market
- Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
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