Disposable Syringes Market To Grow Rapidly Due To Increasing Usage of Disposable Syringes And Robust Growth of Disposable Industry Till 2024 | Million Insights
Global Disposable Syringes Market is anticipated to reach USD 9.9 billion by 2024. Disposable syringes are the essential components in the dental, veterinary, and surgical field. The emphasis on infection and safety measures in hospitals and outpatient facilities have fueled the consumption of these syringes.
The factors that propel the growth of the Disposable Syringes Market include robust growth of the disposable market, increase in the use of disposable syringes, growing awareness among people, and growth in geriatric population. On the other hand, there are factors that may hamper the growth of the market including substantial adoption of non-disposable syringes among dental professionals for administering anesthesia, and growing affordability of these products due to their reusable nature. Disposable syringes industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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Disposable syringes industry may be explored by type, application, and geography. The market may be explored by type as Safety Syringes, Conventional Syringes, Non-retractable Safety Syringes and Retractable Safety Syringes. The “Safety disposable syringes” segment led the disposable syringes market in 2015 and is anticipated to maintain its dominance by 2024. The key factor that may attributed to the growth of market includes growing popularity across the globe.
The key applications that could be explored in the disposable syringes industry include Therapeutic Injections and Immunization Injections. The “Therapeutics Injections” segment led the market of disposable syringes in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may attributed to the growth of market include rising demand for injectable syringes to treat diseases and growing preference for syringes.
North America accounted for the major share of the Disposable Syringes Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising preference for injectable drugs, high occurrence of diseases, and technological advancement in order to improve patient safety and comfort. North America is likely to be followed by Europe and Asia-Pacific owing to growing number of injectable drugs and rise in the incidence of disorders across the regions.
Some of the key players that fuel the growth of the disposable syringes industry comprise Fresenius Kabi AG; Braun Medical, Inc.; Flextronics International Vita Needle Company; Baxter International, Inc.; Novo Nordisk; Terumo Corporation; Henke-Sass, Wolf; Becton; UltiMed, Inc.; Retractable Technologies, Inc.; Dickinson and Company and Covidien. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Market Segment:
Global Type Outlook (Market revenue in USD Million, 2013 – 2024)
• Conventional syringes
• Safety syringes
• Retractable safety syringes
• Non-retractable safety syringes
Global Application Outlook (Market revenue in USD Million, 2013 – 2024)
• Immunization injections
• Therapeutic injections
Regional Outlook (Market Revenue in USD Million, 2013 – 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/medical-devices
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