Disposable Syringe Market is
expected to grow at a significant CAGR in the upcoming period as the scope and
its applications are rising enormously across the globe. A syringe is a piece
of medical equipment mainly used to manage injections of intravenous drugs into
the bloodstream or to take a blood sample from a patient. Disposable syringes are
the medical equipment primarily used in combination with hypodermic needles to
remove or inject liquids from the body. It also helps to reduce the risk of
spreading blood-borne diseases.
The factors that are playing a major role in the growth of
disposable syringe market are the rising investment in R&D sectors, the
high demand for biologics, and the growing demand from the healthcare sector.
However, the presence of alternatives may restrain the overall market in the
years to come. The market is segmented based on type, application, and region.
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Safety syringes, conventional syringes, and other types
could be explored in the disposable syringe market in the forecast period.
Safety syringes sector comprise auto-disable, automatic retractable,
non-retractable, and manually retractable syringes. On the other hand,
conventional syringes sector comprise without needles and with needles. Safety
syringe sector accounted for the substantial market share of disposable syringe
and is estimated to lead the overall market in the years to come.
The market may be categorized based on applications like
therapeutic injections, immunization injections, and others could be explored
in the forecast period. Therapeutic injections sector accounted for the
significant market share of disposable syringe and is estimated to continue its
dominance in the years to come. The reason could be the high demand for
injectable to treat diseases, the growing occurrence of diseases like dengue,
HIV, tuberculosis, and malaria, and the increasing disposable income.
Globally, North America accounted for the substantial market
share of disposable syringe and is estimated to lead the overall market in the
years to come. The reason behind the overall market growth could be the rising
demand for injectable drugs, the presence of key manufacturers in the region,
the growing occurrence of diseases. The United States is a major consumer of
the disposable syringe in this region.
Europe and the Asia Pacific are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period. The developing countries like India and
China are the major consumers of the disposable syringe in this region.
The key players of disposable syringe market are Becton,
Dickinson and Company, Braun Medical, Inc., Baxter International, Inc., Vita
Needle Company, Novo Nordisk, Henke-Sass, Wolf, Retractable Technologies, Inc.,
Covidien, UltiMed, Inc., Terumo Corporation, Flextronics International, and
Fresenius Kabi AG. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
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