New York, NY 24 June 2020: The global disposable syringes market size is expected to reach USD 11.19 billion by 2026, growing at a CAGR of 5.6% during the forecast periods according to a new study published by Polaris Market Research. The Report ‘Disposable Syringes Market By Product Syringes Type (safety and conventional); By Application (Immunization Injections, Therapeutic Injections); By Region: Segment Forecast 2018-2026’ provides a thorough and detailed analysis into the workings with an overview of present trends and future insights.
Plastic is the material used in manufacturing disposable types, having gradually eclipsed useable ones. Furthermore, approvals acquired for growing number of injectable drugs have notched up an unparalleled pace for use and throw types market potential in comparison to conventional type of syringes. Accidental needlestick injuries with used types have given way to use and throw types market that are effectively safe and free from needlestick injuries.
Use and throw types are more reliable than other types in self-administration of drugs, owing to many safety features accompanying them. This is especially valid for point of care systems which is currently advocating self administration of drugs.
Intravenous and Intramuscular are the two chosen modes of drug delivery. Disposable ones are to be relied upon to give medication through the above two modes; namely intravenous and intramuscular. They are cost conscious and keep infection at bay. They score over conventional types here.
North America is leader in the segment but soon will be offset by expanding Asia pacific in the forecast period. The drivers to disposables market can be attributed to favorable Government initiatives and directives that have pursued market growth. Government initiatives to check spread of fatal diseases such as HIV also boosts market over coming years.
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Europe is second largest market in forecast period. Both America and Europe will consolidate share owing to higher number of injectable drugs that are occupying volume lately. Furthermore, concerns of stick injuries and improvements in quality have given impetus to growth.
Key players play an active part by focusing on product improvement and increasing number of clinical trials, thus consolidating presence in the region. North America is leading consumer of disposal syringes today. Half of the revenue earned is contributed by North America itself but might lose some of its dominance to expanding Asia Pacific. Europe retains second largest position in the market with both America and Europe attributing dominance to large number of injectable drugs available today.
China and India are valued as most important players in the use and throw type today, due to growing healthcare infrastructure and high population densities in the two nations. Furthermore large-scale immunization drives carried out at the behest of Government is noted for driving growth in market today. Active interest shown by US and Europe in both India and China by providing quality syringes pushes it notches further.
The key players include Becton, Dickinson and Company, B Braun Melsungen AG, Medtronic PLC, Smiths Medical and Retractable Technologies, Inc.
Polaris Market Research has segmented the global Disposable Syringes market on the basis of Product type, Applications and Region:
Disposable Syringes Product Type Outlook (Revenue USD Million, 2015-2026)
Disposable syringes Application Outlook ( Revenue USD Million, 2015-2026)
- Immunization Injections
- Therapeutic Injections
Disposable Syringes Regional Outlook (Revenue USD Million, 2015-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
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