Disposable Syringes Market - Latest Advancement & Future Trends (2024-2032)

Disposable Syringes Market Synopsis:

Disposable Syringes Market Size Was Valued at USD 14.17 Billion in 2023, and is Projected to Reach USD 24.14 Billion by 2032, Growing at a CAGR of 6.1% From 2024-2032.

Disposable syringes market segment of the healthcare industry involve syringes made from plastic and or glass and complete with a needle that is used and then discarded once. These syringes consist of medicated or vaccine or any other fluid or to draw a blood sample and is tossed out after use to avoid the transfer of infection from one individual to another. Its available in many kinds containing the insulin syringes where common; but general, purpose syringes and safety syringes among more.

Global disposable syringes market is has involve a great growth in the previous years due to some factors such as rise in the number of chronic disease patients, high demand for vaccination, and so on. It is a market that has adopted new technologies in the syringe designs such as the development of the safety engineered syringes which has attributes that help in reducing needle stick incidents. These syringes are popular in hospitals and clinics for drug delivery and in the treatment and management of diabetes and blood samples collection at home. Furthermore, the drive for the use of disposable syringes has been further strengthened by governments encouraging hospitals and other centres to minimize the risk of getting an infection from healthcare facilities.

Other sectors that supported market growth include the proactive pharmaceutical industry, especially due to a growing proportion of injectable self-administration dosages for diseases such as diabetes, rheumatoid arthritis, and multiple sclerosis. The elderly population increases throughout the world, the incidence of chronic diseases also rises, hence the demand for the disposable syringes also increases. Also, the rising use of insulin pens and pre-filled syringes for diabetic treatment are the other factors that help the market to grow. However, there are market challenges which they are likely to encounter; these include; increased regulatory measures, expensive material like advanced syringes, and environmental concerns of plastics produced.

Disposable Syringes Market Trend Analysis:

 Shift Toward Safety and Automation

• An emerging trend in the disposal syringes market is safety and the increased level of automation in the product. Currently, there is a clear growth in the usage of safe-syringe, which is a safety syringe designed to minimize needle sticks and blood borne pathogen transmission, a very topical issue in healthcare technology. New technologies, including safety syringes, that have protective guard that may cover the needle upon usage are getting popular. Moreover, the implementation of technological advancement in the fabrication of syringe making is improving productivity and quality of the syringes, and standardization of the product. They say that the global market for safety syringes will expand at a steady rate, as healthcare providers and manufacturers strive to protect patients and healthcare workers from possible infections. This trend is also consistent with the shift towards sustainable practice where using safer single-use syringes is considered to be key element in patient safety and generally reduced risk environment for the end result in overall health care.

 Expansion in Emerging Markets

• One new opportunity seen in the disposable syringes market is the growth in healthcare systems in developing and emerging economies across the Asia-Pacific, Latin America and Middle East. These regions are experiencing accelerated enhanced healthcare accessibility and availability because of increased government spending on healthcare infrastructure, raising per head incomes, and improving consciousness of healthcare standards and hygiene. The growth in the rates of these communicable diseases coupled with the rise in cases of chronic diseases in these regions is the major driver for the demand for safe, disposable syringes. In the same note as global governments agree on the implementation of Universal Health Coverage, governments from these areas remain committed to ensuring access to fairly priced medical commodities which presents more opportunities in terms of product portfolio and distribution channels for key players in these markets. Such opportunities should be fully exploited as it occasions a new large customer base and has long-term plans in the resultant years.

Disposable Syringes Market Segment Analysis:

Disposable Syringes Market is Segmented on the basis of type, end user, and region

By Type, Conventional, segment is expected to dominate the market during the forecast period

• Deriving the disposable syringes market based upon the type, the segmentation is on conventional and safety syringes, and going a step further within the safety syringes. Normal syringes, that is the conventional type, are commonly used as they are easy to use and relatively cheap. But safety syringes are quickly replacing normal ones because they minimize the number of needlestick injuries and infection incidences which is inline with safety measures in the current healthcare systems. Among safety syringes, the retractable safety syringes possess an additional underground needle retraction mechanism to avoid additional exposure after usage. On the other hand, non-retractable syringes use a one-time shield that stays non-movable with a degree of safety attached yet it is more economical in comparison to the retraction syringes; so it saves the need from different healthcare requirements and budgets.

By End use, Hospitals, segment expected to held the largest share

• end users in disposable syringes market segmented as hospitals, outpatient facilities and research and manufacturing industries. The largest market is the hospitals segment due to the great need for disposable syringes in different operations and patient management. Clinics and ambulatory centers also play a great part because of the increasing tendency for people to seek treatment in Outpatient services. The research & manufacturing business unit utilize disposable syringes for fluid dispensing, sampling and testing primarily in the pharmaceuticals/ biotechnology industry that meets medical research & development and manufacturing requirements.

Disposable Syringes Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America’s disposable syringes market is on the rise because of numerous applications in healthcare facilities observing the need for single-use, sterile syringes. Increased incidence of chronic diseases, introduction and use of vaccination and controlling ‘spread of infections has been the key driver to the growth of the market. The use of syringes increased sharply during the COVID-19 pandemic as people worldwide worked hard to get their vaccines. It is important to point out that when speaking about retractable safety syringes new technologies are becoming standard all around the world owing to regulations on needle stick injuries and infection control particularly in America.
• There is impact of government for vaccinations and safety regulations in the market. Syringes are used in both healthcare and home care settings, because they have technical properties such as being easy to use, sterile and minimize the risk of cross contamination. Market’s prospect is still promising because of growing popularity of safer and more reliable syringes among healthcare providers and general public. Major industry stakeholders in the region are funding research development to bring innovations that reflect safety precautions and environmental conservation.

Active Key Players in the Disposable Syringes Market:

•  Abbott Laboratories (USA)
• Ansell Healthcare (Australia)
•  Baxter International Inc. (USA)
• Becton, Dickinson and Company (USA)
•  Gerresheimer AG (Germany)
•  Hindustan Syringes & Medical Devices Ltd. (India)
•  Kangtai Biological Products (China)
•  MCI Medical (USA)
• Medtronic plc (Ireland)
•  Nipro Corporation (Japan)
•  Retractable Technologies, Inc. (USA)
•  SCHOTT AG (Germany)
•  Smith’s Medical (UK)
•  Stryker Corporation (USA)
• Terumo Corporation (Japan)
• Other Active Players