07 June 2019, Global disposable syringe market is expected to grow at a significant CAGR in the
upcoming period as the scope and its applications are rising enormously across
the globe. A syringe is a piece of medical equipment mainly used to manage
injections of intravenous drugs into the bloodstream or to take a blood sample
from a patient. Disposable syringes are the medical equipment primarily used in
combination with hypodermic needles to remove or inject liquids from the body.
It also helps to reduce the risk of spreading blood-borne diseases.
The factors that are playing a major
role in the growth of disposable syringe market are the rising investment in
R&D sectors, the high demand for biologics, and the growing demand from the
healthcare sector. However, the presence of alternatives may restrain the
overall market in the years to come. The market is segmented based on type,
application, and region.
Safety syringes, conventional syringes, and other types
could be explored in the disposable syringe market in the forecast period.
Safety syringes sector comprise auto-disable, automatic retractable,
non-retractable, and manually retractable syringes. On the other hand,
conventional syringes sector comprise without needles and with needles. Safety
syringe sector accounted for the substantial market share of disposable syringe
and is estimated to lead the overall market in the years to come.
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| Disposable Syringe Market |
The market may be categorized based on applications like
therapeutic injections, immunization injections, and others could be explored
in the forecast period. Therapeutic injections sector accounted for the
significant market share of disposable syringe and is estimated to continue its
dominance in the years to come. The reason could be the high demand for
injectable to treat diseases, the growing occurrence of diseases like dengue,
HIV, tuberculosis, and malaria, and the increasing disposable income.
Globally, North America accounted for the substantial
market share of disposable syringe and is estimated to lead the overall market
in the years to come. The reason behind the overall market growth could be the
rising demand for injectable drugs, the presence of key manufacturers in the
region, the growing occurrence of diseases. The United States is a major
consumer of the disposable syringe in this region.
Europe and the Asia Pacific are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period. The developing countries like India and
China are the major consumers of the disposable syringe in this region.
The key players of disposable syringe market are Becton,
Dickinson and Company, Braun Medical, Inc., Baxter International, Inc., Vita
Needle Company, Novo Nordisk, Henke-Sass, Wolf, Retractable Technologies, Inc.,
Covidien, UltiMed, Inc., Terumo Corporation, Flextronics International, and
Fresenius Kabi AG. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
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