Published Date : 25 May 2022
As per Precedence Research, the disposable syringes market size was accounted US$ 6.73 billion in 2021 and it is expected to hit US$ 11.02 billion by 2030, growing at a CAGR of 5.6% during the forecast period 2022 to 2030.
The disposable syringes are syringes that are designed for single use and are thrown after use. Sterile cylindrical medical equipment with a thin hollow needle at the end is also known as a syringe. This gadget also functions as a pump, drawing therapeutic liquid formulations from vials and delivering them to a patient’s bloodstream. In addition, the syringes are used to collect fluids from the body such as blood. The disposable syringes come in a variety of styles including traditional disposable syringes and safety disposable syringes.
The demand for disposable syringes is being fueled by future injection procedures utilizing vaccines during the ongoing COVID-19 pandemic phase. The disposable syringes manufacturers are expanding their capacity to produce dual chamber syringes, which are meant to deliver two medications simultaneously. The concept of specialized syringe manufacturing is gaining traction in the market. On the other hand, producers face design and production hurdles in specialty syringes such as the product’s sophisticated mechanism compared to regular syringes. As a result, to overcome molding limits in specialty syringes, producers should use computer aided design geometry. They should undertake design reviews that include a risk assessment of specialty syringe designs.
The growing operations of various national government organizations to raise awareness about the usage of disposable syringes, the need to restrict the transmission of illnesses such as HIV and the surge in demand for injectable pharmaceuticals are all contributing to the growth of the global disposable syringes market. The usage of injectable medications has increased significantly, owing to the lack of bioavailability in traditional drug delivery systems. During first pass metabolism, a huge proportion of orally taken medicines decompose, rendering them useless by the time they reach the systematic circulation. Injectable medications, on the other hand, enter the systemic circulation immediately and offer the intended effect with a faster commencement of action.
Scope of the Report
|Market Size in 2021||USD 6.73 Billion|
|Revenue Forecast By 2030||USD 11.02 Billion|
|CAGR||5.6% from 2022 to 2030|
|Forecast Data||2022 to 2030|
The key players operating in the global disposable syringes market are Fresenius Kabi, Covidien, Becton, Dickinson and Company, Flextronics International, Braun Medical, Inc., Novo Nordisk, Vita Needle Company, Baxter International, Inc., Retractable Technologies, Inc., UltiMed, Inc., Henke-Sass, Wolf, and Terumo Corporation among others.
Future of Disposable syringes Market
The global disposable syringes market is being driven by the continued growth of the injectable medicines sector, which is mostly includes biologics. The biologics accounts for the largest market share in clinical trials. This suggests that the biologics market is booming. As a result, the disposable syringes market is likely to grow. The global disposable syringes market is being fueled by an increase in demand for point-of-care administration and technological developments in the manufacturing of disposable syringes. The global disposable syringes market has grown as the number of needle stick injuries has increased.
COVID-19 Impact Analysis:
Key Developments in the Marketplace:
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