Market Industry Reports (MIR) has published a new report titled “Disposable Syringes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, 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.
Increasing adoption of disposable syringes can be attributed to rising awareness, disposable incomes, and implementation of advanced drug delivery technologies. Moreover, rising prevalence of chronic disorders is anticipated to contribute substantially to the growth of the global disposable syringes market between 2019 and 2030. Several organizations have entered into strategic collaborations with manufacturers for research and development of efficient drug delivery techniques. For instance, PharmaJet, the drug-delivery technology company collaborated with the organization, Path, for evaluation of several drug delivery techniques and subsequently develop programs for country level immunization. However, needle stick injuries are one of the major restraining factors affecting the growth of the market. Nurses in hospitals are most likely to suffer from needle stick injuries. According to a study conducted by Shiraz University of Medical Sciences (SUMS) Iran, most of the needle stick injuries are from Hollow-bore needles and most common among nurses.
Major Players in the Disposable syringes Market
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
Download PDF to Know the Impact of COVID-19 on “Disposable Syringes Market” at: https://www.marketindustryreports.com/pdf/39
Increasing incidences of Chronic Disorders
The wide variation in regards to the prevalence of diverse forms of chronic disorders has rose significantly in recent times. It is estimated that the burden of chronic diseases in America is approximately 133 million, i.e. 45% Americans suffer from one or the other forms of chronic disease. According to the World Health Organization (WHO), chronic diseases are responsible for majority of deaths across the world. It has been approximated that the total number of deaths worldwide, resulting from cardiovascular diseases is a staggering 17.8 million annually. However, preventable nature of such diseases makes the treatment of such condition manageable with early detection and consistent treatment therapies. Increasing burden of chronic disorders on a global scale are anticipated to be a major driver for the global disposable syringes market, which is further anticipated to grow in the coming years.
The Disposable Syringes Market is segmented on the basis of product type, Applications, Technology, and region
Major Types of Disposable Syringes Market covered are:
- Conventional Syringes
- Safety Syringes (Retractable Safety Syringes, And Non-Retractable Safety Syringes)
Major Applications of Disposable Syringes Market covered are:
- Immunization Injections
- Therapeutic Injections
Adoption of Biologics & Latest Technology
Drug delivery systems with capability to deliver drugs of high viscosity and varying dosage have gained immense popularity with the introduction of biologics. Increasing application and popularity of biologics is anticipated to contribute positively to the growth of the disposable syringes market. Similarly, safety prospect of such devices, namely error free drug delivery coupled with minimal needle-stick injury have been highly beneficial in bringing down human error and simultaneously increasing the overall efficiency of the drug delivery process. Introduction of innovative technologies and simultaneous application of these in drug delivery systems is expected to present an attractive growth prospect for the market in the times to come.
Presence of Alternate Drug Delivery Modes to Restrain the Market
The presence of alternative modes for delivery of drugs is one of the major factors affecting the growth of the disposable syringes market. Ease of use and cost effectiveness are few factors which have established syringes as the preferred mode for drug delivery. However, oral & topical medication is widely preferred mode of medication. Also patients are anxious of needle stick injuries and are administered for an alternative method for drug delivery.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, increasing burden of chronic diseases and increasing adoption of technologies is anticipated to present a lucrative growth scenario for the disposable syringes market in this region. Furthermore, improving healthcare facilities, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
- To study and analyze the global Disposable Syringes consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Disposable Syringes market by identifying its various sub-segments.
- Focuses on the key global Disposable Syringes manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Disposable Syringes with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Have any query? Inquiry about report at: https://www.marketindustryreports.com/inquiry/39
Market Industry Reports is a global leader in market measurement and advisory services. It is 100% subsidiary of Maniks Systems Pvt Ltd. The firm has always been at the forefront of innovation to address the worldwide industry trends and opportunities.
We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates the consumer study in more than 100 countries that provide a tactical approach to drive the sustained growth for the business. We continue to pioneer state-of theart approach in research & analysis that makes complex world simpler to stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence we bring proficient contingency to our clients in the evolving world of technologies, megatrends and industry convergence. We empower and inspire Vanguards to fuel and shape their business to build and grow world-class consumer products.
Phone: + 91 8956767535