Disposable Syringes Market Valuation to Reach ~USD 14.4 Billion Over the Period 2020 to 2030: TMR

- Increase in cases of needle-stick injuries and growing concerns regarding infections is leading to higher preference for disposable syringes over reuse variants

- Market landscape of global disposable syringes is fragmented and players are hustling to ensure better products hit the market to ensure a higher market share is captured

News provided by

Transparency Market Research

Jun 24, 2020, 06:30 ET

ALBANY, New York, June 24, 2020 /PRNewswire/ -- Preference for disposable syringes is growing owing to a number of reasons such as elimination of chances for contracting an infection, development of injectable drugs, and increase in incidence of chronic. Owing to these and many other factors, the disposable syringes market would witness higher valuation by the end of the forecast period of 2020 to 2030. New opportunities of growth would also emerge.

"The market for disposable syringes market is set to grow at a rate of about 7% over the period 2020 to 2030. This will drive the market valuation up from USD 6.9 billion in 2019 to about USD 14.4 billion by the end of the forecast period. A large number of growth factors will be seen propelling growth in the market", states Transparency Market Research

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Key Findings of Global Disposable Syringes Market Study:

In the product category, it is pertinent to note that syringes have held dominant position and the trend is anticipated to continue over the forecast period
In the syringes sub-segment, safety syringes will contribute massively to growth in global disposable syringes market
The medication delivery segment and the hospital segment will dominate the applications category and the end-user category, respectively
North America will lead market in terms of revenue share owing to factors such as increase in awareness regarding needle-stick injuries

For a detailed analysis of global disposable syringes market by product, application, end-user, and region, visit TOC https://www.transparencymarketresearch.com/report-toc/1259

Key Drivers of Growth in Global Disposable Syringes Market:

A host of trends and drivers is being noted in the global disposable syringes market. These are responsible for keeping the market buoyant over the forecast period. A synopsis of those identified by Transparency Market Research is provided below:

Injectable drugs are marking the market landscape, driving it on an upward growing trajectory
Increase in incidence of diabetes is being noted and this will lead to a higher demand for insulin injections
Growing prevalence of dengue, tuberculosis, malaria, and HIV is also paving way for higher growth in the market
Preference for disposable needles is noted over reuse syringes owing to concerns around infections and needle-stick injuries
As per World Health Organization (WHO), 3 million cases of accidental stick injuries were noted in the year 2003

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Regional Analysis of Global Disposable Syringes Market:

North America will continue holding dominance over the disposable syringes market from 2020 to 2030
Increase in incidence of chronic illnesses and in numbers of people aged 60 and above is set to drive the region forward over the stated period
Europe is also set to witness notable growth owing to presence of major industry players and growing preference for disposable syringes

Analyze global disposable syringes market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1259

Competitive Analysis of Global Disposable Syringes Market:

Top players in the global disposable syringes market include Becton, Dickinson and Company (BD), Injex Surgical Industries, McKesson Medical-Surgical Inc, NIPRO Medical Corporation, PiSA Farmacéutica, Sol-Millennium Medical, Inc., Baxter International Inc, Terumo Medical Corporation, Smiths Group PLC, and B. Braun Melsungen AG, among others.

These have been covered comprehensively in the TMR research report. It details out information on a number of useful parameters such as notable developments, company overview, product portfolio, financials, and way forward or strategies.

Global Disposable Syringes Market: Segmentation

Disposable Syringes Market, by Product

Syringes

Conventional
Safety

Needles

Conventional
Safety

Oral Syringes
Filling Needles

Disposable Syringes Market, by Application

Medication Preparation
Medication Delivery
Other Clinical Usages

Disposable Syringes Market, by End User

Hospitals
Diagnostic Laboratories
Blood Banks
Pharmaceutical Industry (B2B) (Prefilled Syringes)
Vaccination
Veterinary Purposes

Global Disposable Syringes Market, by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia Pacific

China
India
Japan
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Prefilled Syringes Market: The report by Transparency Market Research states that global prefilled syringe market shall experience a massive 9.3% CAGR during the tenure of 2016 to 2024. The report also states that the global prefilled syringe market shall rise from US$ 3.5 bn in 2015 to whopping US$ 7.9 bn by the end of the forecast period.

Safety Syringes Market: Rise in prevalence of chronic diseases such as diabetes and increase in incidence of needlestick injuries are the major factors boosting the growth of the global safety syringes market. Moreover Increase in health care spending, rise in prevalence of blood borne diseases, and surge in awareness about the benefits of safety syringes also drive the market.

Endoscopic Ultrasound Needles Market: Endoscopic Ultrasound Needles Market to be worth US$ 405.0 mn by 2025 and is anticipated to expand at a stable CAGR of over 4.5% during forecast period of 2017 to 2025, Expansion of the market is expected to be driven by technological advancements and increasing use of single-use endoscopic ultrasound needles during the forecast period.

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SOURCE Transparency Market Research