Disposable Syringes Market: Introduction
According to the report, the
global disposable syringes market was
valued at US$ 6.9 Bn in 2019 and is expected to expand at a CAGR of ~7% during
the forecast period from 2020 to 2030. A
disposable syringe is made for one-time use. It is then disposed of, typically
into a contamination unit. Various types of syringes are available in the market
depending upon their usage and other variables. Disposable syringes are
becoming increasingly popular due to their affordability and prevention of
infections, particularly blood-borne infections. In terms of value, North
America dominated the global disposable syringes market in 2019. It is expected
to continue its dominance by the end of 2030.
Rise in Global Cases of Needle-stick Injuries to Drive Disposable
Syringes Market
Needle-stick injuries are
percutaneous piercing wounds caused by needle tips. These injuries can occur
while using, handling, disassembling, or disposing needles and syringes. High
incidence rate of needle-stick injuries and associated serious consequences are
prompting healthcare professionals to use syringes with a safety mechanism.
This is boosting the disposable syringes market. According to Eucomed, an
organization that represents the medical technology industry in Europe, around
1 million needle-stick injuries occur in the region annually. Sustained growth
of the injectable drugs market and increase in demand for point-of-care
administration are some of the major factors driving the global disposable
syringes market. Moreover, technological advancements in the manufacture of
disposable syringes are key factors fueling the global disposable syringes
market.
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Syringes to Dominate Disposable Syringes Market
Based on product, the global
disposable syringes market has been divided into syringes, needles, oral
syringes, and filling needles. The syringes segment accounted for a major share
of the global disposable syringes market in 2019, owing to the increase in
self-administration of drugs and rise in demand for disposable syringes due to
their higher safety profile. The syringes segment has been bifurcated into
conventional and safety. Safety syringes sub-segment is anticipated to be a highly
lucrative sub-segment during the forecast period, owing to the rise in
needle-stick injuries across the world and increase in government initiatives
& regulations regarding safe injection practices. The needles segment has
been bifurcated into conventional and safety. The safety sub-segment is
estimated to expand at a fast CAGR during the forecast period, due to higher
safety measures and features offered by this type of syringe over others.
Medication Delivery to Offer Growth Opportunities
In terms of application, the
global disposable syringes market has been classified into medication
preparation, medication delivery, and other clinical usages. The medication
delivery segment dominated the global disposable syringes market in 2019. It is
estimated to be more lucrative during the forecast period. Furthermore,
increase in demand for disposable syringes in medication delivery; new product
launches, and sustained growth of the injectable drugs market are key factors
augmenting the medication delivery segment.
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Hospitals Major End Users of Disposable Syringes
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. The hospitals segment accounted for a
prominent share of the global disposable syringes market in 2019 due to rise in
hospital admissions for the treatment of chronic diseases, better supply chain
management, and availability of skilled staff in hospitals. Vaccination is
projected to be a highly promising end user segment of the global disposable
syringes market in the near future due to the increase in incidence of various
viral diseases and rise in preventive measures such as urge for using Safety by
global as well as national authorities.
North America to Dominate Disposable Syringes Market
Based on region, the global
disposable syringes market has been split into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa. North America constituted
significant share of the global disposable syringes market in 2019, owing to
the rise in emphasis on safety of patients & health care providers, new
legislations designed to incorporate the practice of safety, and new products
launched by market players. In July 2018, the U.S. Department of Health and
Human Services (HHS) proposed a new safety database for ambulatory surgery
centers in order to ensure safe procedures at ambulatory surgical centers and
lower chances of infection. The disposable syringes market in Asia Pacific is
likely to expand at a faster CAGR during the forecast period, owing to rise in
awareness about needle-stick injuries among the general population, rapid
adoption of medical technologies, and increase in awareness about transmission
of disease due to the use of infected syringes and other consumables in
hospitals.
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Competition Landscape
The global disposable syringes
market is fragmented in terms of number of players, with the entry of several
emerging players in the recent years. Key players operating in the global
disposable syringes market include 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, and B. Braun Melsungen AG. Mergers,
acquisitions & strategic collaborations, distribution agreements, and new
product & technology launches are some of the key strategies adopted by
major companies in the global disposable syringes market.
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