According to Coherent Market Insights, the global Disposable Syringes Market size is calculated at 8.8 billion in 2023 and is projected to surpass USD 13.8 billion by 2030 with a remarkable CAGR of 6.6% from 2023 to 2030.
Market Dynamics: The disposable syringe market is driven by increasing
prevalence of chronic diseases such as diabetes, cancer, and cardiovascular
disease. According to the WHO, chronic diseases accounted for nearly 60% of
global deaths. Disposable syringes are widely used in the treatment and
diagnosis of chronic diseases. In addition, technological advancements in
syringe technology such as safety syringes and auto disable syringes have
improved and it reduces the chance of repeated use and injury from needle stick.
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Market Trends: Safety syringes are gaining popularity as it is manufactured
with safety features to prevent injury from accidental needle sticks and helps
prevent the spread of blood-borne diseases. Retractable needles, retractable
syringes, and self-deactivating syringes are widely used in the U.S. According to
the Centres for Disease Control and Prevention, use of safety designed syringes
help to reduce needle stick injuries among health care workers by 82% between
1996 and 2001. Disposable syringes with improved ergonomics and ease of use are
increasingly used. For example, in September 2020, BD launched Maxxdose
pre-filled 3 mL and 5 mL syringes with an improved handle feature for better
control and injection experience. Disposable Syringes Market Report Coverage Report Coverage Details Market Revenue in 2023 $8.8 billion Estimated Value by 2030 $13.8 billion Growth Rate Poised to grow at a CAGR of 6.6% Historical Data 2018–2021 Forecast Period 2023–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape,
Growth Factors, and Trends Segments Covered By Product Type Geographies Covered North America, Europe, Asia Pacific, and
Rest of World Growth Drivers • Increasing inorganic strategies by market
players • Increasing prevalence of chronic diseases • Increase in geriatric population Restraints & Challenges • Research & Development of
formulations that enable oral delivery of injectables • Increasing concerns over medical waste
accumulation
Market Opportunities: The increasing prevalence of chronic diseases such as
diabetes, cancer, and cardiovascular diseases is a major growth driver for the
disposable syringes market. Disposable syringes are extensively used to
administer vaccines and inject medications for the treatment of these diseases.
According to the International Diabetes Federation, around 537 million adults
were living with diabetes in 2021 globally and the number is anticipated to
rise to 783 million by 2045. Disposable syringes are indispensable for
administering insulin to manage diabetes. Similarly, growing cancer burden globally
also contributes to the rising demand for disposable syringes as they are used
during chemotherapy procedures. Thus, rising prevalence of chronic diseases
presents lucrative opportunities for players in the disposable syringes market.
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Safety syringes with needle retraction mechanism help
prevent needle stick injuries. With rising awareness about blood borne
diseases, there is increasing preference for safety syringes from both patients
and healthcare workers. As a result, the safety syringes segment is expected to
exhibit higher growth compared to conventional disposable syringes during the
forecast period. Technological advancements by players have also improved
design and usability of safety syringes. For instance, Baxter International
launched i-Saviour range of safety syringes with optimized ergonomic design in
2021. Such developments are further catalyzing adoption of safety syringes.
Key Market Takeaways The global disposable syringes market is anticipated
to witness a CAGR of 6.6% during the forecast period 2024-2030. This is owing
to growing prevalence of chronic and infectious diseases globally. On the basis of type, conventional syringes segment is
expected to hold a dominant position, owing to their widespread adoption
currently. However, safety syringes segment is expected to exhibit a higher
CAGR during the forecast period. On the basis of end users, hospitals segment is
expected to hold a dominant position over the forecast period. This is due to
high demand for disposable syringes in hospitals for administering injections
and for disposal of needles. Regionally, North America is expected to hold a
dominant position over the forecast period, due to advanced healthcare
infrastructure and rising healthcare spending in the region.
Competitor Insights - Baxter International, Inc. - Becton, Dickinson and Company - Terumo Corporation - Vita Needle Company - Star Syringe Ltd. Strategic partnerships and new product launches are
the key strategies adopted by these players.
Recent Developments in Disposable Syringes Product Launches: Phillips-Medisize introduced a
disposable pen injector in February 2023. This product broadens its offerings
in the disposable medical device category. The product is designed to address
the rising demand for injectable drugs and increase patient safety.
Government Initiatives: To promote safe syringe disposal, Dover, Delaware,
launched a public syringe disposal pilot program in April 2023. This initiative
aims to reduce the risks associated with improper disposal and aligns with
growing regulatory support for safe, single-use syringes. Ask For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/3778
Detailed
Segmentation: By Product
Type: By Region: Find Most Trending Related Reports: Global Prefilled Syringes
Market is estimated to be valued at US$ 6.44
billion in 2023 and is expected to exhibit a CAGR of 5.6% during the forecast
period (2023-2030). Global small molecule
prefilled syringes market is estimated to be
valued at US$ 18.98 Bn in 2023, and is expected to exhibit a CAGR of 5.2%
during the forecast period (2023-2030). The GCC
syringes and needles market is
estimated to be valued at US$ 252.3 million in 2022 and is expected to exhibit
a CAGR of 9.1% during the forecast period (2022-2030). About Us: Coherent Market Insights is a global market intelligence and
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Increased Production: BD (Becton, Dickinson and Company) increased syringe
production at its Nebraska and Connecticut facilities in 2024. This expansion
follows the FDA’s 2023 safety guidelines aimed at reducing syringe shortages
and ensuring adequate supply for critical care applications.
The global ampoules
& syringes market is estimated
to be valued at US$ 6,469.7 million in 2021 and is expected to exhibit a CAGR
of 6.4 % over the forecast period (2021-2028).
Senior Client Partner – Business Development
Coherent Market Insights
