Disposable Syringes Market Opportunity Analysis and Industry Forecast, 2020-2027

 

Disposable Syringes Market 

Disposable syringes are often made of plastic or another polymeric material, and they have graduated marks that show how much fluid is inside. Due to their affordability and availability in sterilised units, these syringes are quickly replacing long-standing traditional glass syringes. By the end of 2027, the market for disposable syringes is anticipated to be worth US$11,413.7 million.

Over the course of the forecast period, rising production and demand for injectable pharmaceuticals are anticipated to drive market expansion for disposable syringes. For instance, the FDA gave the specialised pharmaceutical company Xellia Pharmaceuticals permission to start producing aseptic injectables at its Cleveland, Ohio, facility in March 2020. Additionally, it is anticipated that rising chronic disease prevalence will support market expansion. For instance, the American Cancer Society predicts that there will be 606,880 cancer deaths and 1,762,450 new cancer cases in the United States in 2019.

Disposable syringes are medical devices that are used only once before being thrown away. These devices consist of hollow cylinders with a piston mechanism. Disposable syringes are also employed while drawing blood samples from patients. Additionally, these tools are used to draw blood from patients, which is subsequently examined to determine a patient's status. Additionally, weak virus strains are administered using disposable syringes to help people develop an immunity to them. Syringes also use a piston mechanism to draw blood and deliver medications. Syringes come in a variety of varieties, each of which has a unique set of benefits.

The global Disposable Syringes Market size was valued at US$ 6,514.7 million in 2019 and is estimated to exhibit a CAGR of 7.6% between 2020 and 2027

The increase in surgical procedures performed throughout the nation is what is driving the disposable syringe market in India. Syringes are used in all types of procedures to inject liquids and remove bodily secretions. The most frequent technique used during surgeries is anesthesiology, in which the patient receives medication injections to provide a comfortable and pain-free surgery. Additionally, other factors including the rise in needlestick injuries and the frequency of chronic conditions that call for the usage of disposable syringe systems both contribute to the market's expansion.

For instance, around 17% of service providers engaged in dangerous injection practises 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. The annual incidence of needle stick injuries (NSI) was 19%, while the rate among service providers was 52.2%. During the projection period, technological advances, an increase in the adoption of injectable pharmaceuticals, and rising demand for vaccinations and immunisation are also major growth drivers for the Disposable Syringes Market.

Top companies involved are- B. Braun Melsungen AG, Becton, Dickinson & Company, CODAN Medizinische Geräte GmbH & Co KG, Gerresheimer AG, Covidien plc (Medtronic plc), Retractable Technologies, Inc., Star Syringe Ltd., Smiths Medical, Terumo Corporation, and Sulzer Ltd.

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