Disposable Syringes Market
Number of pages: 100 | Report Format: PDF | Published date: February 16, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market Size Value in 2021 |
US$ 12.87 billion |
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Revenue Forecast in 2030 |
US$ 20.43 billion |
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CAGR |
5.95% |
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Base Year For Estimation |
2021 |
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Forecast Period |
2022-2030 |
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Historical Year |
2020 |
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Segments Covered |
Product, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global disposable syringes market was valued at US$ 12.87 billion in 2021 and is expected to register a revenue CAGR of 5.95% to reach US$ 20.43 billion by 2030.
Disposable Syringes Market Fundamentals
A disposable syringe is intended for single use and thrown away after use. Disposable syringes are a significant invention since they are reasonably priced and are thrown away by doctors after a single use. Earlier, doctors had to repeatedly use the same syringe on several patients until the medical industry made significant advancements as syringes became expensive and sparsely produced. Therefore, it was essential for all doctors to properly sanitize and promptly sharpen the syringe after each use. Even though the majority of doctors faithfully adhered to the instructions, many frequently neglected to sterilize and store the syringes correctly. It thus caused the spread of numerous diseases.
Disposable syringes are available in different varieties, each with a specific usage in consideration. Depending on the need, the parts are frequently exchanged. The variations that have been noted in several disposable syringes are the syringe’s dimensions, needle, type of needle, length of the needle, A 3-part needle, and A 2-part needle. Using a disposable syringe has several benefits, with sterilization and safety being the main ones. Since disposable syringes are thrown off after use, patients are no longer entirely dependent on the doctors’ sterilizing techniques for their safety. Thus, there is no possibility of cross-contamination. The low cost of disposable syringes is another advantage. These disposable syringes are significantly less expensive and maintenance-free than conventional syringes.
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Disposable Syringes Market Dynamics
The increase in surgical procedures performed globally is the primary factor driving the global disposable syringes market. Syringes are used in all types of procedures to inject liquids and remove bodily secretions. The most common technique used during surgeries is anesthesiology, in which the patient receives medication injections to provide a comfortable and pain-free surgery. Additionally, other factors fueling revenue growth in the market include the rise in needlestick injuries and the frequency of chronic conditions that call for the usage of disposable syringe systems. They are a green alternative that maintains the quality of the environment. This feature is highly helpful as society gradually moves toward the adoption of eco-friendly substitutes. The environment will remain safe if these syringes are disposed of appropriately and stored out of the way. For instance, around 17% of service providers engaged in dangerous injection practices in India in 2019. Rural health service providers had a higher percentage of improper injection procedures, which raises the risk of population-wide needle stick injuries (NSI). The annual incidence of NSI was 19%, while the rate among service providers was 52.2%. Technological advances, increase in the adoption of injectable pharmaceuticals, and rise in demand for vaccinations and immunization are major revenue growth drivers for the market. The need for disposable syringes is anticipated to increase as the number of clinical trials rises. For instance, North America and Europe were home to the most clinical trials as of June 2021, according to the WHO’s clinical trials register. By February 2023, the U.S. had registered more than 30% of the clinical trials.
However, the market’s expansion is likely to be constrained due to the rising cost of disposable syringes.
Disposable Syringes Market Ecosystem
The global disposable syringes market is analyzed from four perspectives: product, application, end user, and region.
Disposable Syringes Market by Product
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Based on product, the global disposable syringes market is segmented as conventional syringes and safety syringes.
The safety syringes segment is sub-segmented into retractable safety syringes and non-retractable safety syringes. The safety syringes segment dominated the global disposable syringes market in 2021. A safety syringe is a tool that prevents healthcare personnel from unintentionally coming into contact with bloodborne diseases when administering injections. Safety syringes protect the needle before and after usage in order to reduce the risk of needlestick injuries. Using a safety syringe has several advantages, such as its ability to aid in reducing injuries from needlesticks. Healthcare personnel should be especially cautious about needlestick injuries as these injuries can expose them to bloodborne infections, such as HIV and hepatitis. Safety syringes, which are developed to prevent over-injection, can also aid in lowering the amount of wasted medication. The ability to increase patient safety is another advantage of employing a safety syringe. Thus, the increased bloodborne diseases, such as AIDS, Hepatitis A, B, and C, are the most crucial factors in the revenue growth of the safety syringes segment in the global disposable syringes market. Every year, there are estimated to be 3 million exposures to bloodborne infections. For instance, according to the Occupational Safety and Health Administration (OSHA), accidental punctures are typically the cause of bloodborne illnesses in most workplace or laboratory environments. In hospitals across the country, there are thought to be 400,000 sharp injuries per year.
Disposable Syringes Market by Application
Based on the application, the global disposable syringes market is segmented into immunization injections and therapeutic injections.
The therapeutic injection segment accounted for the largest revenue share of the market due to the rise in the prevalence of chronic diseases, such as cancer, HIV/AIDS, and hepatitis A and B. Furthermore, the segment is driven by a rise in awareness regarding hazardous injection practices that can result in infections, such as septicemia and nerve damage. Moreover, the increased burden of chronic diseases drives the global disposable syringes market owing to the increased need for therapeutics. According to several estimates, 95% of the 16 billion injections administered annually around the world are for therapeutic purposes. The CDC estimates that 6 out of 10 adults in the U.S. have a chronic illness. In contrast, 2 or more chronic diseases affect 4 out of 10 individuals in the U.S. Thus, increased chronic diseases along with a rise in the demand for therapeutics are responsible for the segment revenue growth.
Disposable Syringes Market by End User
Based on the end user, the global disposable syringes market is segmented into hospitals, diagnostic and research laboratories, blood banks, and others.
The hospitals segment dominated the global disposable syringes market in 2021. The hospital segment is anticipated to grow significantly during the forecast period due to its large customer base, rising healthcare costs, increasing prevalence of illnesses, and the presence of supportive legislative frameworks. Disposable syringes, needles, and other items are widely used in various medical procedures in hospitals to administer medications or collect specimens of blood, fluid, or tissue for diagnostic tests. Assuring sterility and limiting the spread of diseases from one patient to patient are the benefits of using disposable syringes. Also, the increased incidence of nosocomial infections necessitates the utilization of disposable syringes to eradicate pathogens.
Disposable Syringes Market by Region
Based on geography, the global disposable syringes market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
Due to a high prevalence of diseases and a rise in the need for injectable medications, North America dominates the global disposable syringes market. Additionally, manufacturers of disposable syringes are investing in R&D activities to launch new products in Canada and the U.S. The target industry’s growth in North America is primarily driven by the existence of important market players, advanced healthcare infrastructure, and supportive initiatives by regional governments.
The disposable syringes market in Asia Pacific is likely to grow at a high revenue CAGR during the forecast period due to improving economic conditions, rising consumer spending power, growing awareness of the benefits of pre-fillable syringes, and the presence of a sizable patient pool suffering from various chronic diseases. The presence of key players in the region is anticipated to aid in the revenue growth of the market in Europe.
Disposable Syringes Market Competitive Landscape
Disposable Syringes Market Strategic Developments
Disposable syringes are intended for single use and thrown away after use in order to eliminate the cross-contamination of diseases from patient to patient.
Rising prevalence of chronic diseases, increasing number of clinical trials, and increasing demand for therapeutics for multiple diseases are the key drivers for the global disposable syringes market revenue growth.
Medtronic plc, Nipro Corporation, Fresenius Kabi AG, Baxter International, Inc., and Braun Medical, Inc. are among the top players in the global market.
High cost and stringent government regulations are likely to restrict the revenue growth of the global disposable syringes market to full potential.
The global disposable syringes market is expected to register a revenue CAGR of 5.95% during the forecast period from 2021-2030.
*Insights on financial performance are subject to the availability of information in the public domain