The Global Disposable Syringes Market is estimated to grow at a CAGR of 5.1% during the forecast period 2019-2026. As per the detailed market study, the global disposable syringes industry was valued $5.45 billion in the year 2018 and is estimated to reach $8.13 billion by the end of the year 2026. The market is analysed to be highly competitive with the presence of numerous market players. The companies are adopting various competitive strategies to garner majority of the market share. Some of the key strategical developments are product launches, acquisition, partnership and collaboration.
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Disposable syringes are a type of medical device used for one-time therapeutic agent administration in patient’s body. It is also known as sterile cylindrical medical instrument. There are two types of disposable syringes that include conventional disposable syringes and safety disposable syringes. These two syringes are different on the basis of their mechanism.
The global disposable syringes industry is driven by various growth factors such as increase in usage of injectable drugs, increase in healthcare expenditure and increase in number of needlestick injuries. Moreover, rise in prevalence of various chronic diseases that demands the use of disposable syringes contributes majorly to the market growth. Whereas, high cost of safety disposable syringes may restrain the market growth over the future period. On the contrary, high growth potential in developing region is estimated to offer lucrative opportunities for the market players present in the global disposable syringes industry.
Segmentation Overview of the Global Disposable Syringes Market
The disposable syringes market size is studied on the basis of product type and application segment. These major market segments are further categorized into various sub-segments to study the market in detail considering various market determinants and geographical dynamics.
The Product Type Segment of the Global Disposable Syringes Market is Sub-Segmented into:
The Application Segment of the Global Disposable Syringes Market is Sub-Segmented into:
Key Players Insights of the Global Disposable Syringes Market
Smiths Medical, Star Syringe Ltd., Vita Needle Company, Terumo Corporation, Retractable Technologies, Inc., Novo Nordisk A/S, Nipro Medical Corporation, Henke-Sass Wolf, Cardinal Health, Becton, Dickinson and Company, B. Braun Melsungen AG and Baxter International Inc. are some major players included in the research study of the global disposable syringes market.
Geographical Overview of the Global Disposable Syringes Market
The North America disposable syringes market dominated the global marketplace in the year 2018 and holds ~2/5th of the market share and is estimated to maintain the dominance over the forecast period during the forecast period. The regional dominance is attributed to increase in prevalence of chronic conditions and easy availability of disposable syringes in the region. Whereas, the Asia-Pacific disposable syringes market is anticipated to grow at a CAGR of 6.5% during the forecast period 2019-2026. The regional market growth is attributed to increase in awareness related to usage of disposable syringes in the region and constantly evolving life science industry in some major developing countries including Malaysia, China and India.
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