Global Disposable Syringes Market Analysis 2024 – Estimated Market Size And Key Drivers|Nipro Corporation, Cardinal Health Inc., Fresenius Kabi AG, Medtronic PLC, Novo Nordisk AS, Becton Dickinson & Company Ltd

The Disposable Syringes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Disposable Syringes Global Market Report 2024, The disposable syringes market size has grown strongly in recent years. It will grow from $11.44 billion in 2023 to $12.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to hiv/aids epidemic, increased vaccination programs, rise of biotechnology and pharmaceutical industries, prevalence of chronic diseases, global population growth.

The disposable syringes market size is expected to see strong growth in the next few years. It will grow to $15.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to awareness of bloodborne infections, focus on patient safety, integration of digital health technologies, regulatory emphasis on single-use devices, global health initiatives. Major trends in the forecast period include advancements in injection technologies, technological innovations in material sciences, focus on sustainable healthcare, innovations in needle safety, 3d printing in syringe manufacturing.

Rising incidences of chronic diseases are expected to propel the growth of the disposable syringes market going forward. A chronic disease is a form of illness that lasts three months or more and can deteriorate with time, such as diabetes. Disposable syringes provide a safer way of drug administration and are widely used for various chronic diseases, primarily for diabetes patients who are undergoing treatment. For instance, in January 2023, according to the National Library of Medicine, a US-based agency, the number of people in the US aged 50 and older who have at least one chronic condition would increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the rising incidences of chronic diseases are driving the growth of the disposable syringes market.

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The disposable syringes market covered in this report is segmented –

1) By Type: Conventional Syringes, Safety Syringes
2) By Application: Immunization Injections, Therapeutic Injections
3) By End User: Hospitals, Diagnostic Laboratories, Blood Banks, Pharmaceutical Industry

Product innovation is the key trend gaining popularity in the disposable syringe market. Major companies operating in the disposable syringe market are developing innovative treatments to sustain their position in the market. For instance, in September 2021, Becton Dickinson and Company, a US-based medical device company, launched the BD Intevia 1 mL two-step disposable autoinjector. It is a platform device that combines a pre-fillable syringe and an autoinjector into one integrated system. The BD Intevia disposable autoinjector is a 2-step push-on-skin device that injects drugs of different fill volumes of up to 1 mL and different viscosities up to 35 cP safely and effectively. The unique design of BD Intevia 1 mL allows pharmaceutical companies to adopt it for a variety of drugs.

The disposable syringes market report table of contents includes:

1. Executive Summary
2.Disposable Syringes Market Characteristics
3. Disposable Syringes Market Trends And Strategies
4.Disposable Syringes market analysis

5.Disposable Syringes Market Size And Growth
6.Disposable Syringes Segmentation
7.Disposable Syringes Regional And Country Analysis
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27.Disposable Syringes Competitive Landscape And Company Profiles
28.Disposable Syringes Disposable Syringes Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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