Disposable Syringes Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
A disposable syringe is a small tube with a thin hollow needle at the end that is disposed of or discarded once used. Doctors and other healthcare providers use it for injecting medicines through intramuscular or intravenous ways to treat diseases.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

North America was the largest region in the disposable syringes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disposable syringes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East,  Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the disposable syringes market report are Nipro Corporation, Cardinal Health Inc., Fresenius Kabi AG, Medtronic plc, Novo Nordisk AS, Becton Dickinson & Company Ltd., Baxter Pharmaceutical Solutions LLC, B. Braun Melsungen AG, Terumo Corporation, ICU Medical Inc, Gerresheimer AG, Pisa Pharmaceuticals Company, Shanghai Kindly Enterprise Development Group Co. Ltd., Jiangxi Sanxin Medtec Co.Ltd., Henke Sass Wolf Medical Instruments (Qingdao) Ltd, Retractable Technologies Inc, CODAN Medizinische Geräte GmbH & Co KG, UltiMed Inc., Sol-Millennium Medical Inc., Unilife Corporation, Vita Needle Company, Jiangsu Jichun Medical Devices Co. Ltd., Exelint International Co., ISCON Surgicals Ltd., Shanghai Kohope Medical Co Ltd., Star Syringe Ltd., Injex Industrias Cirurgicas Ltda, Feel Tech Bio.Co. Ltd., Hindustan Syringes & Medical Devices Ltd, Liaoning Kangyi Medical Equipment Co. Ltd

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 - Macro Economic Scenario

5. Global Disposable Syringes Market Size and Growth

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32. Global Disposable Syringes Market Competitive Benchmarking

33. Global Disposable Syringes Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Disposable Syringes Market

35. Disposable Syringes Market Future Outlook and Potential Analysis

36. Appendix

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