Disposable Syringes Market: Challenges and Opportunities
Transparency Market Research has published a new report on the global disposable syringes market. As per the report, the global disposable syringes market is expected to expand at a 5.60% CAGR during the period between 2015 and 2023. The report, titled ‘Disposable Syringes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,’ states that the global disposable syringes market is expected to progress from US$5.5 bn in 2014 to US$9.3 bn by 2023 due to the increasing demand for point-of-care administration and the rising use of injectable drugs.
Syringes are one of the most widely used medical products and are available in many types and sizes. The demand for disposable syringes is expected to increase in the years to come, as they continue to replace conventional and reusable glass syringes. The quality of disposable syringes is better than the conventional ones. Cost saving and use of sterilized units are two of the many benefits of using disposable syringes.
Factors such as lack of stringent government regulations and the need to meet standards that are set by the regulatory authorities are predicted to hamper the growth of the global disposable syringes market in the years to come. However, factors such as technological advancements, the increasing number of cases of needlestick injuries, and the growing variety of injectable drugs are expected to contribute towards the growth of the global disposable syringes market in the next few years.
The global disposable syringes market is widespread, with leading players covering different regions. B. Braun Melsungen AG, Becton, Dickinson & Company, CODAN Medizinische Geräte GmbH & Co. KG, Gerresheimer AG, Covidien (Medtronic plc), Retractable Technologies, Inc., Star Syringe Ltd., Smiths Medical, Terumo Corporation, and Unilife Corporation are some of the leading companies operating in the global disposable syringes market. The global disposable syringes market is segmented on the basis of geography and product type.
By geography, the global disposable syringes market is divided into Europe, Latin America, North America, Asia Pacific, and Rest of the World. Currently, the global disposable syringes market is dominated by North America, followed by Europe. The growing demand for innovative products and the rising government initiatives to promote safety mechanisms are predicted to propel the North America disposable syringes market in the near future. The increasing demand for disposable syringes is also predicted to benefit the Asia Pacific market.
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Based on product type, the global disposable syringes market is classified into safety syringes and conventional syringes. The safety syringes segment is sub-segmented into automatic retractable syringes, manually retractable syringes, auto-disable syringes, and non-retractable syringes. The demand for safety disposable syringes is expected to increase as they have the capacity to protect patients from accidental needlestick injuries.
Leading players in the global disposable syringes market are focusing on introducing new syringes with enhanced quality. Features such as accuracy, ease of handling, and sterility are expected to increase the demand for disposable syringes across the globe.
Key Segments of Global Disposable Syringes Market
Global Disposable Syringes Market (Revenue and Volume), by Product Type
- Safety Syringes
- Automatic Retractable Syringes
- Manually Retractable Syringes
- Non-Retractable Syringes
- Auto-disable Syringes
- Conventional Syringes
- With Needles
- Without Needles
Global Disposable Syringes Market Revenue, by Geography
- North America
- Asia Pacific
- Latin America
- Rest of the World
Mr. Sudip S
Transparency Market Research
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