The global disposable syringe market was valued at USD 6.88 billion in 2017 and is anticipated to grow at a CAGR of 5.6% during the forecast period. Disposable Syringe are the syringes that are used by doctors only once to inject medicines for the treatment of diseases. These syringes are made of plastic material which is used in the field of medical and veterinary science. These syringes are cost effective, and are ready to use in a sterilized condition that reduces that the chances of contamination and spread of infection to the patient. These syringes are read to use which has also helped in controlling the spread of AIDS in the individuals.
The Disposable Syringe market is primarily driven increasing demand for these syringes for giving medication through intravenous or intramuscular ways for treating the diseases. Additionally, increase in the production of these syringes across the globe by the manufactures, and need for controlling the cross contamination and spread of infection to also boost the market growth during the forecast period.
Disposable syringe market is wide market with a huge potential owning to increasing R&D for developing new chemicals that are used in manufacturing of these syringes, and continuous clinical trails to also promote the market growth. However, increasing biologics demand would impede the market growth during the forecast period.
Disposable Syringe Market (USD Billion) & Y-o-Y Growth (%)
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The global Disposable Syringe market is segmented on the basis of type, application and geography. Based on the therapy type the Disposable Syringe market is segmented as safety syringes and conventional syringes. Safety syringes to the dominating segment in market owning to the cost effectiveness of these syringes as compared to conventional syringes, and rising concern for reducing the infection to the patient which in return reduces the cost of treatment.
On the basis of application, the Disposable Syringe market is segmented as Immunization Injections, and Therapeutic Injections. Therapeutic injections segment to dominate the market. The growth of this segment is majorly driven by the increasing number of individuals suffering from Diabetes, and other therapeutically treated diseases.
Geographically, the Disposable Syringe market is segmented across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is the dominating region for Disposable Syringe market followed by Europe. The major factors promoting the North American market growth are rising need of injectable drugs, and large number of disposable syringes manufacturers in this region. Similarly, the manufacturers in this region are continuously focusing on product development that has also driven the market growth. The European disposable syringe market is estimated to be the second most leading region in the market. The European market hosts several headquarters of some of the key players such as Novo Nordisk, Covidien (Medtronic, Inc), B Braun, and Fresenius Kabi. In addition, the European governments have authorized the usage of safety engineered devices in healthcare services. Moreover, the European Pharmacopeia Convention and the U.S. Pharmacopeia Convention are two of the leading establishments that set high standards for the safety of healthcare workers as well as patients. the Europe Disposable Syringe market is estimated to generate lucrative growth opportunities during the forecast period.
The major players operating in Disposable Syringe market include, Fresenius Kabi AG, Becton, Dickinson and Company, Baxter International, Inc., UltiMed, Inc. Flextronics International Vita Needle Company, Terumo Corporation, Novo Nordisk, Henke-Sass, Wolf, Covidien, Braun Medical, Inc., Retractable Technologies, Inc., among others. These leading players in the Disposable Syringe market are introducing innovative products in the market to cater to the consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence