Disposable Syringes Market by Type (Conventional Syringes and Safety Syringes (Retractable Safety Syringes, And Non-Retractable Safety Syringes)), Application (Immunization Injections and Therapeutic Injections) End Users (Clinics, Home Care Setting, Hospitals) - Analysis & Forecast 2019-2030
Report ID : 39 | Published Date : Mar 2019 | Pages : 150 | Region : Global | Report Code : MD-22
Disposable Syringes Market Overview and Introduction
The global disposable syringes market is estimated to be over US$ 6.5 Bn in 2018. It is anticipated to grow at a CAGR of 5.1% from 2019 to 2030.
Disposable syringes are drug delivery devices that are used in injecting varying dose of drug into the body. The dosage volume is fixed depending on the mediation, thereby, allowing the exact amount of drug to be injected without the possibility of human errors.
The global disposable syringes market is driven by technologically advanced products & introduction of new cost effective products in the market, and rise in number of diabetes and chronic diseases patients. Similarly, rising adoption of biologics is anticipated to further contribute to the global disposable syringes market in the coming times. However, high cost related to disposable syringes, and presences of other drug delivery techniques are few of the factors likely to restrain the market to a certain extent.
Disposable Syringes Market by Type
On the basis of type, the disposable syringes market is segmented into conventional syringes and safety syringes. The segment of safety syringes can be further segmented into retractable safety syringes and non-retractable safety syringes. The safety syringes market is estimated to account for the largest share of the market. The large share of the market can be attributed to increased safety features of these devices, which in turn ensures prevention against transmitted infections.
Disposable Syringes Market by Applications
Based on application the market can be segmented into immunization injections and therapeutic injections. Therapeutic injections segment is expected to account for the largest share of the market. The growth of the segment can be attributed to factors such as increasing demand for injectable to treat several forms of ailments. High prevalence of chronic diseases, namely diabetes has been crucial in contributing to the growth of this segment.
Disposable Syringes Market by Regions
The global Disposable syringes market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of disposable syringes, followed by Europe and Asia Pacific. North America will continue to dominate the global disposable syringes market in the forecast period owing to rising prevalence of diabetes and increasing adoption of biologics and availability of technology advanced drug delivery devices. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as high number of diabetic patient India and China and growing healthcare industry is likely to boost the market in coming years.
Disposable Syringes Market Prominent Players
The prominent players in the global disposable syringes market are Smiths Medical, Star Syringe Limited, B. Braun Medical Inc., Baxter, TERUMO CORPORATION, Retractable Technologies, BD, Gerresheimer AG, Fresenius Kabi AG, and UltiCare among others