CAGR: 6.5%Current Market Size: USD 13.98 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The Global Disposable Syringes Market is expected to grow from USD 13.98 billion in 2022 to USD 23.13 billion thousand by 2030, at a CAGR of 6.5% during the Projection period 2023-2030. The growth of the Disposable Syringes market is mainly driven by increasing demand for Injectable Drugs.
Disposable Syringes are a common tool in the medical and veterinary sciences and are made of plastic. Disposable syringes are quickly taking the place of traditional glass syringes due to their affordability, availability in sterilized condition, and readiness for use. Additionally, the scourge of AIDS has almost eliminated the reuse of needles, and the demand for disposable syringes has skyrocketed. Most disposable syringes are made of polypropylene and are injection molded. Syringes come in sizes of 1 ml, 2 ml, 5 ml, and 10 ml come in a variety of shapes, and are either constructed of two or three components. The size and quantity of injection molding machines needed depend on the design of syringes, the number of mold cavities, and the yearly output. Syringes used to be produced in large quantities and were costly. As a result, medical practitioners had to use the same syringe on many individuals. Because of this, it was essential for all medical professionals to correctly disinfect and sharpen the syringe following each usage. As a result, chronic illnesses started to spread in recent years. Due to its numerous advantages over reusable syringes, demand for disposable syringes has surged as a result. Disposable syringes provide a number of advantages, including safety and thorough sanitation.
Sample Request: - Global Disposable Syringes Market
Market Dynamics:
Drivers:
Due to the market requirement for safety syringes for operations as well as rising consumer demand from the pharmaceutical business, the demand for disposable syringe devices has greatly expanded over the years. Disposable syringes are extensively used in modern medicine to inject drugs, sample blood, and administer vaccinations. They are typically used in place of reusable syringes to prevent the transmission of illness. Two common uses for disposable syringes include the injection of insulin by a diabetic and the delivery of local anesthesia by a dentist.
Restraints:
The disposable syringe sector is now dealing with a few problems and challenges. Despite significant expenditures in the production of these syringes, the management of rising medical waste is increasingly challenging due to waste volume, inappropriate disposal of disposable syringes, limited acceptance among patients due to syringe phobia, and other considerations. In the home and other settings, there are inadequate controls over the disposal of needles, syringes, lancets, and other medical supplies. The risk of needlestick injuries to sanitation and cleaning personnel is increased as a result of routinely throwing away home-generated medical waste in the curbside rubbish, which is limiting the expansion of the disposable syringe market.
Opportunities:
The market for disposable syringes is expanding thanks to innovative developments like the introduction of two-step disposable auto-injector systems. Businesses that produce disposable syringes are working harder to develop tools that can accommodate the varying viscosities of medications. They are putting more effort into developing gadgets with design advancements that do away with the necessity for system component customization. Breakage and incompatibility issues caused by inadequately integrated systems are being overcome by new two-step disposable autoinjector devices.
Challenges:
The main factor that is anticipated to restrain the growth of the global Disposable Syringes market is the stringent government regulations that have been linked to the use of specific types of pharmaceutical products for the manufacture of Disposable Syringes. In an effort to safeguard their population from negative medication side effects, governments establish rules on pharmaceutical corporations.
Segmentation Analysis:
The global Disposable Syringes Market has been segmented based on Product, Application, and Region.
By Product
The Product segment includes Conventional Syringes and Safety Syringes. The Safety syringes segment led the largest share of the Disposable Syringes Market with a market share of around 55% in 2022. These days, safety syringes are more popular due to their advantages. Safety syringes also minimize the possibility of virus transfer from patient to patient, which will likely help them maintain their market share over the projection period. The safety syringes are mostly used for medicine administration using specialized and conventional approaches. Technology's ongoing advancements have increased the need for Safety syringes.
By Application
The Application segment includes Immunization Injections and Therapeutic Injections. Therapeutic Injections led the largest share of the Disposable Syringes Market with a market share of around 60% in 2022. One of the main elements influencing the category is the rising awareness of blood donations throughout the world. Almost all medical procedures, from diagnosis to therapy, include injections. In impoverished and underdeveloped nations, where illnesses like AIDS, TB, malaria, and dengue are extremely common, there is a strong need for injections since they are necessary for therapy.
Global Disposable Syringes Market- Sales Analysis.
The sale of Disposable Syringes Market Products and Applications expanded at a CAGR of 3.5% from 2016 to 2022.
Patients no longer have to rely only on the doctors' sterilizing procedures after disposable syringes were developed because they are thrown away after only being used once. There is no chance of cross-contamination as a result. Disposable syringes also have the benefits of affordability and environmental friendliness. These elements are influencing sales growth effectively.
To lower product prices and enhance the quality and services related to disposable syringes, businesses are also learning more about their end-to-end supply chains. By reducing third-party costs, these operational approaches assist businesses in making financial savings. According to projections, these traits will lead to profitable market expansion opportunities.
Thus, owing to the aforementioned factors, the global Disposable Syringes Market is expected to grow at a CAGR of 6.5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the Disposable Syringes Market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the Disposable Syringes Market and held a 38% share of the market revenue in 2022.
Global Disposable Syringes Market- Country Analysis:
Germany's Disposable Syringes Market size was valued at USD 0.12 billion in 2022 and is expected to reach USD 0.15 billion by 2030, at a CAGR of 3% from 2023 to 2030.
Germany is the country with the fastest-growing healthcare and pharmaceutical infrastructure. Germany's market for disposable syringes is expected to expand significantly throughout the projected period. Germany is known for developing and manufacturing innovative, disposal syringes in large quantities. B. Braun, Melungen AG, Schott AG, and Gerresheimer AG control the majority of the market share for disposable syringes.
China’s Disposable Syringes Market size was valued at USD 0.25 billion in 2022 and is expected to reach USD 0.39 billion by 2030, at a CAGR of 3.6% from 2023 to 2030.
The primary driver of market expansion in this area is government measures to promote the use of disposable medical supplies to avoid infections in operating rooms. The factors driving the market expansion in China are the rising incidence of chronic illnesses and the rising elderly population.
India's Disposable Syringes Market size was valued at USD 0.28 billion in 2022 and is expected to reach USD 0.49 billion by 2030, at a CAGR of 3.9% from 2023 to 2030.
The increase in the usage of injectable medications, together with supportive government policy and regulation surrounding disposable syringes, are the main drivers of the disposable syringe market in India. Other reasons that contribute to the market's expansion include an increase in healthcare spending, an increase in the incidence of different chronic conditions that call for the usage of disposable syringe systems, and a rise in the number of needlestick injuries.
Key Industry Players Analysis:
To increase their market position in the global Disposable Syringes Market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, Product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
6.5% |
Market Size |
13.98 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Type, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
BD, Terumo Corporation, Novo Nordisk, UltiMed Inc, Henke Sass Wolf, MEDTRONIC, Nipro Corporation, Fresenius Kabi AG, Baxter International Inc, and B. Braun Melsungen AG. |
By Type |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Disposable Syringes Market By Product:
Global Disposable Syringes Market By Application:
Global Disposable Syringes Market By Region:
Global Disposable Syringes Market size is USD 13.98 billion in 2022
The Disposable Syringes Market is projected to have a CAGR of 6.5%.
The growth of the Disposable Syringes market is mainly driven by increasing demand for Injectable Drugs.
Leading market players active in the global Disposable Syringes Market are BD, Terumo Corporation, Novo Nordisk, UltiMed Inc, Henke Sass Wolf, MEDTRONIC, Nipro Corporation, Fresenius Kabi AG, Baxter International Inc, B. Braun Melsungen AG among others.