Disposable Syringes Market Segmentation by Type (General/Conventional, Safety, and Pre-Filled Syringes); by Syringe Tip (Luer-Lock, Slip, Eccentric, and Catheter Syringe Tips); by Application (Immunization, and Therapeutic Injections, and Others); by End-User (Hospitals, Diagnostic Laboratories, Blood Banks, Pharmaceutical Companies, and Others)-Global Demand Analysis & Opportunity Outlook 2021-2031

Global Disposable Syringes Market Highlights Over 2021 - 2031

The global disposable syringes market is estimated to garner a revenue of USD 18548.0 Million by the end of 2031, by growing at a CAGR of 7.5% over the forecast period, i.e., 2022 – 2031. Moreover, in the year 2021, the market generated a revenue of USD 9061.4 Million. The growth of the market can be attributed to the growing use of single-use syringes amongst the end-users, along with the surge in awareness for the numerous benefits associated with the use of disposable syringes. Syringes are used as a major drug delivery device or for collection of liquid samples from a living organism. Backed by the growing concern for the different types of chronic diseases globally, the need for these devices is on the rise, which is expected to contribute to the growth of the market during the forecast period. According to the statistics by the World Health Organization (WHO), each year 41 Million people, which is equivalent to 71% of total deaths globally, are known to die as a result of noncommunicable diseases (NCDs). Moreover, over 15 Million people between the ages of 30 and 69 years are known to die each year from a NCD and 77% of all NCD deaths are known to be reported from low- and middle-income nations.

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The growth of the global disposable syringe market can also be attributed to the growing elderly population worldwide, which according to the Department of Economic and Social Affairs of the United Nations registered 702.9 Million people above the age of 65 globally in the year 2019. In addition to this, the growth of the market can also be attributed to the growing concern for infectious diseases, including the COVID-19 pandemic, which according to the WHO registered 520912257 confirmed cases of the virus as of May 19^th, 2022, including 6272408 deaths caused due to the impact of the viral disease. Moreover, increasing COVID-19 vaccination procedures carried out globally as a measure to restrict the spread of the virus, is also expected to drive the demand for disposable syringes during the forecast period.

Global Disposable Syringes Market Regional Synopsis

Regionally, the global disposable syringes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America is projected to garner the largest revenue of USD 8754.7 Million by the end of 2031, up from a revenue of USD 4286.0 Million in the year 2021. The growth of the market in the region can primarily be attributed to the increasing concern for the rising prevalence of different types of diseases. For instance, according to the statistics by the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the United States were known to have a chronic disease. Moreover 4 in 10 adults were known to have 2 or more such diseases. Besides this, the growing focus of the market players in the region on innovating patient-friendly drug delivery systems along with the increasing government and private investments to accomplish the above-mentioned aim are also expected to boost the market growth in the coming years.

On the other hand, the disposable syringes market in Europe is projected to garner the second-largest revenue of USD 4655.5 Million by the end of 2031, up from a revenue of USD 2256.3 Million in the year 2021. The market in the region is further segmented on the basis of country into Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, and the Rest of Europe. The market in Germany is projected to garner the largest revenue of USD 1149.9 Million by the end of 2031, up from a revenue of USD 543.8 Million in the year 2021.

Growth Drivers and Challenges Impacting the Growth of the Global Disposable Syringes Market

Growth Drivers

• Increasing Applications of Single-Use Syringes

• Growing Prevalence of Infectious Diseases, Including COVID-19

• Rising Awareness for the Benefits Associated with the Use of the Product

• Growing Geriatric Population Worldwide

Challenges

• Availability of Advanced Drug Delivery Systems

• Technical Issues with Pre-Filled Syringes

Global Disposable Syringes Market Segmentation Synopsis

The global disposable syringes market is segmented by type into general/conventional syringes, safety syringes, and pre-filled syringes. The safety syringes segment is projected to garner the largest revenue of USD 12644.4 Million by the end of 2031, up from a revenue of USD 6232.6 Million in the year 2021. By syringe tip, the market is segmented into Luer-lock tip, slip tip, eccentric tip, and catheter syringe tips. The Luer-lock tip segment is anticipated to garner the largest revenue of USD 7355.9 Million by the end of 2031, up from a revenue of USD 3583.5 Million in the year 2021. By application, the market is segmented into immunization injections, therapeutic injections, and others. The therapeutic injections segment is projected to garner the largest revenue of USD 7003.9 Million by the end of 2031, up from a revenue of USD 3483.0 Million in the year 2021. By end-user, the market is segmented into hospitals, diagnostic laboratories, blood banks, pharmaceutical companies, and others. The hospitals segment is projected to garner the largest revenue of USD 8960.4 Million by the end of 2031, up from a revenue of USD 4406.5 Million in the year 2021.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global disposable syringes market that are included in our report are KAWAMOTO CORPORATION, Baxter International Inc., Becton, Dickinson, and Company, NIPRO Corporation, Terumo Corporation, Nemoto Kyorindo Co., Ltd., B. Braun Melsungen AG, Cardinal Health, and others.

Latest Developments in the Global Disposable Syringes Market:

• July 29^th, 2021: Baxter International Inc. announced that to expand its advanced surgery portfolio it has acquired the certain assets from Cryolife, Inc.

• June 8^th, 2021: Becton, Dickinson and Company announced that the company has received COVID-19 pandemic orders for needles and syringes totaling 2 Billion injection devices so as to support the global COVID-19 vaccination efforts. The company has been supporting pandemic orders in more than 40 countries.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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