What Has Been the Growth Trajectory of the Disposable Syringes Market?
The disposable syringes market has seen considerable growth due to a variety of factors.
•In recent times, the market size for disposable syringes has seen robust growth. The market is projected to escalate from a value of $11.89 billion in 2024 to $12.59 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.9%.
This growth during the historic period is closely linked to factors such as the HIV/AIDS epidemic, expanded vaccination schemes, the rise of the biotechnology and pharmaceutical sectors, an increase in chronic disease instances, and worldwide population growth.
What Does the Future Hold for the Disposable Syringes Market?
The disposable syringes market is expected to maintain its strong growth trajectory in upcoming years.
• The market for disposable syringes is anticipated to witness considerable growth in the coming years. The market is projected to increase to $16.92 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%.
The upturn during the predicted period can be linked to the awareness of bloodborne diseases, patient safety measures, the incorporation of digital health technologies, regulatory focus on disposable devices, and worldwide health initiatives. Key trends for the forecast period encompass progress in injection technologies, breakthroughs in material sciences, emphasis on sustainable healthcare, advances in needle safety, and the use of 3d printing in syringe production.
What Are The Leading Drivers Of Growth In The Disposable Syringes Market?
The spike in chronic disease cases is predicted to boost the disposable syringes market in the future. Chronic illnesses are those that persist for at least three months and can worsen over time, like diabetes. Disposable syringes present a more secure method for administrating drugs and are extensively utilized for numerous chronic diseases, especially among diabetic patients in the course of their treatment. For example, the National Library of Medicine, a US agency, revealed in January 2023 that the number of individuals in the US aged 50 years and older suffering from at least one chronic condition would surge by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Hence, the escalating rates of chronic illnesses are fueling the expansion of the disposable syringes market.
How Are The Segments Defined Within The Global Disposable Syringes Market?
The disposable syringes market covered in this report is segmented –
1) By Type: Conventional Syringes, Safety Syringes
2) By Application: Immunization Injections, Therapeutic Injections
3) By End User: Hospitals, Diagnostic Laboratories, Blood Banks, Pharmaceutical Industry
Subsegments:
1) By Conventional Syringes: Standard Disposable Syringes, Luer Lock Syringes, Luer Slip Syringes
2) By Safety Syringes: Auto-Disable Syringes, Retractable Syringes, Safety Pen Syringes
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How Are New Trends Expected To Influence The Growth Of The Disposable Syringes Market?
Premier enterprises in the disposable syringe sector, such as Hindustan Syringes and Medical Devices, are strategically focusing on the evolution of innovative products like single-use syringes in order to heighten patient safety and mitigate infection risks. Single-use syringes are health apparatus designed solely for one-time use for insertion or withdrawal of fluids, offering sterility and greatly reducing the chances of cross-contamination. Such syringes are commonly plastic-made and discarded right after the first usage, bolstering safety in healthcare environments. For instance, in May 2024, the aforementioned India-based manufacturing enterprise introduced its Dispojekt single-use syringes, specifically designed to drastically cut down the occurrence of needle stick wounds. Dispojekt syringes come equipped with a Sharps Injury Prevention (SIP) shield, further curtailing risk of unintended needle-stick injuries and enhancing the wellbeing of medical personnel and patients alike. The syringes' easy-to-use, single-handed activation mechanism encourages safe castoff while keeping injection methods constant, thereby streamlining the procedure for health practitioners. Moreover, the notable reduction in needle-stick episodes leads to decreased expenses on disease treatment and after-exposure care, financially benefitting the healthcare industry as a whole.
Who Are the Key Players in the Disposable Syringes Market?
Major companies operating in the disposable syringes market include:
• Nipro Corporation
• Cardinal Health Inc.
• Fresenius Kabi AG
• Medtronic plc
• Novo Nordisk AS
• Becton Dickinson & Company Ltd.
• Baxter Pharmaceutical Solutions LLC
• B. Braun Melsungen AG
• Terumo Corporation
• ICU Medical Inc
• Gerresheimer AG
• Pisa Pharmaceuticals Company
• Shanghai Kindly Enterprise Development Group Co. Ltd.
• Jiangxi Sanxin Medtec Co.Ltd.
• Henke Sass Wolf Medical Instruments (Qingdao) Ltd
• Retractable Technologies Inc
• CODAN Medizinische Geräte GmbH & Co KG
• UltiMed Inc.
• Sol-Millennium Medical Inc.
• Unilife Corporation
• Vita Needle Company
• Jiangsu Jichun Medical Devices Co. Ltd.
• Exelint International Co.
• ISCON Surgicals Ltd.
• Shanghai Kohope Medical Co Ltd.
• Star Syringe Ltd.
• Injex Industrias Cirurgicas Ltda
• Feel Tech Bio.Co. Ltd.
• Hindustan Syringes & Medical Devices Ltd
• Liaoning Kangyi Medical Equipment Co. Ltd
What Is The Most Dominant Region In The Disposable Syringes Market?
North America was the largest region in the disposable syringes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disposable syringes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
