The global disposable syringes market accounted for $5,450 million in 2018, and is expected to reach $8,113.7 million by 2026, registering a CAGR of 5.1% from 2019 to 2026. The major factor that contributes to the growth of disposable syringes market include surge in the use of injectable drugs, due to the lack of bioavailability in conventional drug delivery methods. Furthermore, other factors such as rise in healthcare expenditure and surge in cases of needlestick injuries also fuel the growth of disposable syringes market. In addition, surge in the prevalence of various chronic diseases which require the use of disposable syringes systems is another major factor that contributes to the growth of market.
Disposable syringes are medical devices which are employed in one time administration of therapeutic agents to the body of a patient. Furthermore, these devices are also used in extraction of blood samples from the body of patients which are then analyzed to diagnose a medical condition. In addition, disposable syringes are also employed in administration of weakened strains of viruses to build immunity against them. Moreover, syringes draw out blood and administer drugs by the aid of a piston mechanism. There are different type of syringes present in market which offer different advantages. For instance, safety disposable syringes offer protection against needle stick injuries.
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However, high cost of disposable safety disposable syringes restricts the growth of disposable syringes market. Conversely, high growth potential in developing economies is expected to offer lucrative opportunities during the forecast period. The disposable syringes market size is studied on the basis of product type, application, and region to provide a detailed assessment of the market. On the basis of product type, it is segmented into conventional disposable syringes, and safety disposable syringes. By application, it is bifurcated into immunization injections, and therapeutic injections. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
– This report entails a detailed quantitative analysis along with the current global disposable syringes market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessments.
– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
List of key players profiled in the report:
– Baxter International Inc.
– B. Braun Melsungen AG
– Becton, Dickinson and Company
– Cardinal Health
– Henke-Sass Wolf
– Nipro Medical Corporation
– Novo Nordisk A/S
– Retractable Technologies, Inc.
– Terumo Corporation
– Vita Needle Company.
– Star Syringe Ltd.
– Smiths Medical
Key Market Segments
– By Product type
o Conventional disposable syringes
o Safety disposable syringes
– By Application
o Immunization Injections
o Therapeutic Injections
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– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Rest of Europe
o Asia-Pacific
? Japan
? China
? India
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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