Disposable Syringes

Disposable Syringes Market Size is Estimated to be US$ 11.56 Bn by 2030 Disposable Syringes Market - Global Industry Analysis, Market Size, Share, Growth, Trends, Regional Outlook And Segment Forecasts 2021 - 2030

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[150+ Pages Report] The disposable syringes market size in terms of value is projected to reach $ 11.56 billion by 2030, at a CAGR of 5.6% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global disposable syringes market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global disposable syringes market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the disposable syringes industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors:

Factors such as increasing number of patients at risk of developing stroke, increasing patient awareness, increased health care expenditure, large pool of geriatric population, growing usage of injectable drugs, higher bioavailability of injectable drugs, growing instances of needlestick injuries, increasing cases of chronic disorders such as diabetes and chronic, and increased preference of intravenous route of drug administration are driving the growth of disposable syringes market. Moreover, Additional features that are expected to fuel this businessare integration of latest technologies for disposable syringes and growing investment by major players.

As per WHO (World Health Organization), the number of cancer cases globally reached 19.3 million in the year 2020. With increasing number of cancer cases, the demand for disposable syringes is also growing due to its predominant use in medical care for several cancers like ovarian cancer, breast cancer, non-small cell lung cancer, lung cancer, AIDS related Kaposi’s sarcoma, cervical cancer, prostate cancer, pancreatic cancer, esophageal cancer, stomach cancer, and testicular cancer among others. It is expected that between the years 2018 and 2040, the extent of patients needing first-line chemotherapy worldwide each year will surge 53% that is to 15 million from 9.8 million. The growth in chemotherapy demand will principally be an outcome of population rise and projected variations in the dispersal of cancer types by nation which is expected to boost the requirement for the disposable syringes in the near future.

Report Highlights:

  • Among the type segment, safety syringes dominated the overall market in 2020. High use of safety syringes for safe transfer of medications and low-cost difference are the foremost factors attributing to its large market share.
  • The therapeutic injections segment accounted for the major share of revenue in the patient type segment with more than 71% share in 2020 due to high use of disposable syringes for the administration of therapeutic medications. Moreover, high incidence of disorders such as malaria, dengue, HIV, tuberculosis, and typhoid are expected to augment the demand for disposable syringes in the near future. Launch of new injectable drugs for the treatment of chronic disorders will play an important role in retaining the market dominance of therapeutic injections over the estimated period.
  • Baxter International, Inc., Becton, Dickinson and Company, and Novo Nordisk accounted for a significant share of the global disposable syringes market.

Report Coverage:

Report Scope Details
Market Size USD 11.56 Billion by 2030
Growth Rate CAGR of 5.6% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Fresenius Kabi AG, Braun Medical, Inc., Baxter International, Inc., Terumo Corporation, Novo Nordisk, Henke-Sass, Wolf, Retractable Technologies, Inc., UltiMed, Inc., Covidien, Becton, Dickinson and Company.

Regional Analysis:

The report includes information for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the North America dictated the globalindustry with a market stake of greater than 41%. The U.S. indicated the highest slice in North America principally due to increasing cases of cancer and early adoption of latest healthcare equipment’s. Moreover, availability of latest healthcare infrastructure also supported the high market portion of North America.

Europe was the subsequent significant market chiefly due to presence of skilled physicians. Presence of major companies in the European region is also expected to lift the demand for disposable syringes in the anticipated time-span. The Asia Pacific region is projected to grow at the highest CAGR of around6.9% in the estimate period due to increasing healthcare expenditure. Latin America and Middle East and African region will display noticeable growth.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global disposable syringes market are as follows:

  • Fresenius Kabi AG
  • Flextronics International Vita Needle Company
  • Braun Medical, Inc.
  • Baxter International, Inc.
  • Terumo Corporation
  • Novo Nordisk
  • Henke-Sass, Wolf
  • Retractable Technologies, Inc.
  • UltiMed, Inc.
  • Covidien
  • Becton, Dickinson and Company.

Market Segmentation

By Type

  • Conventional Syringes
  • Safety Syringes
  • Retractable Safety Syringes
  • Non-retractable Safety Syringes

By Application

  • Immunization Injections
  • Therapeutic Injections

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the disposable syringes market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global disposable syringes market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for disposable syringes are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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