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Disposable Syringes Market Value Projection to Expand by to 2022-2030 Analysis, Global Industry Size

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Future Prospects of Vaccines Fuel Demand for Disposable Syringes amidst Coronavirus Pandemic

Even though the novel coronavirus (COVID-19) has subsided in many European countries, rising active COVID-19 cases in the U.S., Brazil, and India are compromising the healthcare system. As such, there is an unprecedented demand for vaccines that can help in treating the infection. Analysts that in the U.S., several millions of individuals might have to undergo inoculation. This event is anticipated to create increases demand for several millions of disposable syringes and vials. Hence, companies in the disposable syringes market are capitalizing on this trend and increasing their production capacities in order to prevent supply shocks.

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Timing the orders of medical products such as disposable syringes and vials that store drug formulations is predicted to become the key solution to meet the requirements of patients in the upcoming months. This is likely to propel the disposable syringes market during the forecast period.

Two-step Disposable Autoinjector Devices to Drive Global Market

Groundbreaking innovations such as the introduction of two-step disposable autoinjector devices are bolstering the growth of the global disposable syringes market. For instance, leading medical technology company BD (Becton Dickinson and Company), announced the launch of BD Intevia 1mL, which is a two-step push-on-skin device that safely injects a variety of drugs. Such innovative products are contributing toward the expansion of the disposable syringes market, which is expected to reach ~US$ 14.4 Bn by 2030.

Companies in the market for disposable syringes are increasing efforts to introduce devices that cater to different viscosities in drugs. They are increasing focus to deliver design improvements in devices that are eliminating the need for customizing system components. Novel two-step disposable autoinjector devices are overcoming challenges of breakage and incompatibility associated with poorly integrated systems.

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Needle-free Syringes Help Reduce Needle Reuse and Prevent Cross Contamination

The disposable syringes market is expected to progress at a robust CAGR of ~7% during the forecast period. This is evident due to the high prevalence of needlestick injuries worldwide. However, several millions of disposable syringes end up in trash dumps and landfills, resulting in increased environmental waste. Hence, companies in the disposable syringes market are innovating in needle-free injectors in order to eliminate environmental risks and improve patient experience.

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Needle-free syringes are reducing needle reuse activities in healthcare settings and playing a pivotal role in controlling the incidences of cross contamination. Needlestick injuries not only infect patients, but also exposes healthcare workers to different types of blood-borne pathogens. As such, needle-free syringes are being extensively used to deliver vaccines to the proper tissue depth of patients.

Novel Prefilled Syringe Products Deploy Enclosed Injection Prep in Healthcare Settings

Innovations in prefilled syringe products are boosting the disposable syringes market. For instance, Japan-based Morimoto Pharmaceutical company announced the launch of their new prefilled syringe called Morimoto S.A.F.E. Syringe Kit ™ (Smart Accident prevention, Fast & Easy). Innovative designs in prefilled syringe products are protecting nurses and pharmacists from exposure to harmful compounds, since the injection prep is performed inside an enclosed system. Companies in the disposable syringes market are increasing their R&D muscle in synergetic designs to deploy safe and ease medical processes.

Companies in the market for disposable syringes are increasing efforts to gain approval for their products so that manufacturers can begin with commercial production. The prevention of accidental needlestick injuries in healthcare settings is one of the key focus points for manufacturers.

Analysts’ Viewpoint

The future needs of inoculation procedures involving vaccines during the ongoing COVID-19 pandemic era are fueling the demand for disposable syringes. Companies in the disposable syringes market are increasing their production capabilities to manufacture dual-chamber syringes that are designed for co-delivery of two drugs. The concept of specialty syringe production is growing popular in the market landscape. However, design and manufacturing challenges in specialty syringes such as the product’s complex mechanism as compared to standard syringes, are posing as a hurdle for manufacturers. Hence, manufacturers should utilize the computer-aided design (CAD) geometry to overcome molding constraints in specialty syringes. They should conduct design reviews that involve risk evaluation of designs for specialty syringes.

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Disposable Syringes Market: Overview

Made of plastic material, disposable syringes are used in the field of medical and veterinary science. Disposable syringes are rapidly replacing glass syringes due to their availability in sterilized condition, ready-to-use form, and cost effectiveness.

Disposable syringes are primarily injection molded from polypropylene. These syringes are available in sizes of 1 ml, 2 ml, 5 ml, 10 ml, and 50 ml in various designs. Disposable syringes consist of either two or three components used for total assembly of device.

Disposable syringes are primarily bifurcated into conventional and safety syringes. Safety syringes do not cause any injury to the recipient. These syringes do not expose the provider to any avoidable risks. Furthermore, these syringes do not result in waste that is dangerous for the community.

A safety mechanism is built into a safety syringe. The needle of the safety syringe can be detached or attached permanently.

Disposable Syringes Market: Drivers

Sustained growth of the injectable drugs sector, which primarily includes biologics, is the major factor driving the global disposable syringes market. More than 60% drugs in clinical development are biologics. This indicates strong growth of the biologics market. In turn, this is expected to boost the disposable syringes market.

Rise in demand for point-of-care administration and technological advancements in the manufacturing of disposable syringes are fueling the global disposable syringes market

Increase in cases of needle-stick injuries has contributed to the growth of the global disposable syringes market

Disposable Syringes: Market Segmentation

Based on product, the global disposable syringes market has been divided into syringes, needles, oral syringes, and filling needles. The syringes segment has been bifurcated into conventional and safety. The needles segment has also been sub-divided into conventional and safety segments.

In terms of application, the global disposable syringes market has been classified into medication preparation, medication delivery, and other clinical usages

Based on end user, the global disposable syringes market has been segregated into hospitals, diagnostic laboratories, blood banks, pharmaceutical industry (B2B) (prefilled syringes), vaccination, and veterinary purposes

Each of the market segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and useful insights

The disposable syringes market report provides current and future revenue (US$ Mn) for each these segments for the period from 2018 to 2030, considering 2019 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2020 to 2030, along with market size estimations.

Disposable Syringes Market: Regional Overview

In terms of region, the global disposable syringes market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been further divided into major countries and sub-regions.

North America dominated the global disposable syringes market in 2019. This trend is anticipated to continue during the forecast period.

The current and future disposable syringes market sizes in terms of value (US$ Mn) of these regional markets and their major countries have been provided in the report for the period from 2018 to 2030, with their CAGRs for the period from 2020 to 2030

The study also offers a list of recommendations, highlights, and useful insights that would help new companies to enter the market. The study would also enable the existing companies to increase their market share and improve their decision-making process.

Major Players in Disposable Syringes Market

The disposable syringes market report concludes with the company profiles section that includes key information about the major players in the market

Key players analyzed in the global disposable syringes market report are 

  • Becton
  • Dickinson and Company (BD)
  • Injex Surgical Industries
  • McKesson Medical-Surgical Inc
  • NIPRO Medical Corporation
  • PiSA Farmacéutica
  • Sol-Millennium Medical, Inc.
  • Baxter International Inc
  • Terumo Medical Corporation
  • Smiths Group PLC
  • B. Braun Melsungen AG

Each of these players has been profiled in the global disposable syringes market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments

Key Questions Answered in Disposable Syringes Market Report

  • What is the sales/revenue expected to be generated by each product, application, and end user segment of the disposable syringes market across all regions during the forecast period?
  • What are the opportunities in the global disposable syringes market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which region is likely to expand at the fastest CAGR during the forecast period?
  • Which disposable syringes segments are expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
  • What is the market share or position of different companies operating in the global market in 2019?

Disposable Syringes Market – Segmentation

Product

  • Syringes
  • Conventional Syringes
  • Safety Syringes
  • Needles
  • Conventional
  • Safety
  • Oral Syringes
  • Filling Needles

Application

  • Medication Preparation
  • Medication Delivery
  • Other Clinical Usages

End User

  • Hospitals
  • Diagnostic Laboratories
  • Blood Banks
  • Pharmaceutical Industry (B2B) (Prefilled Syringes)

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Disposable Syringes Market

4. Market Overview

4.1. Introduction

4.1.1. Product Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Disposable Syringes Market Analysis and Forecast, 2018–2030

4.4.1. Market value Projections (US$ Mn)

4.5. Porter’s Five Force Analysis

5. Key Insights

5.1. Pricing Analysis (2019)

5.2. Mode of Administration by Syringe Size and Needle Gauge/Length

5.3. COVID-19 Pandemics Impact on Industry (Value Chain and Short/Mid/Long Term Impact)

6. Global Disposable Syringes Market Analysis and Forecast, by Product

6.1. Introduction & Definition

6.2. Key Findings/Developments

6.3. Market Value Forecast, by Product, 2018–2030

6.3.1. Syringes

6.3.1.1. Conventional Syringes

6.3.1.2. Safety Syringes

6.3.2. Needles

6.3.2.1. Conventional

6.3.2.2. Safety

6.3.3. Oral Syringes

6.3.4. Filling Needles

6.4. Market Attractiveness, by Product, 2020-2030

7. Global Disposable Syringes Market Analysis and Forecast, by Application

7.1. Introduction & Definition

7.2. Key Findings / Developments

7.3. Market Value Forecast, by Application, 2018–2030

7.3.1. Medication Preparation

7.3.2. Medication Delivery

7.3.3. Other Clinical Usages

7.4. Market Attractiveness by Application, 2020-2030

8. Global Disposable Syringes Market Analysis and Forecast, by End-user

…….

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