Disposable Syringes Market Size Worth $24 Billion By 2030: IndustryARC

The Global Disposable Syringes Market size is predicted to reach $24 billion by 2030, growing at a CAGR of 6.7% during the forecast period 2023-2030 according to the latest market  research report published by IndustryARC. The increase in the adoption of telemedicine and e-commerce platforms for healthcare services including medication delivery and advancements in technology such as the development of safety syringes with built-in safety features to prevent needlestick injuries and needle reuse are poised to propel the market growth, finds IndustryARC in its recent report, titled “Disposable Syringes Market Size, Share & Trends Analysis Report By Type (Safety Syringes, Conventional Syringes, Prefilled Syringes, Insulin Syringes, Others),By Syringe Size (Below 5ml, 5-10ml, Above 10ml), By Application (Therapeutic Injections, Immunization Injections, Blood Sample Collection, Others), By End-User (Diagnostics Laboratories, Hospital, Pharmaceutical Industry, Blood Banks, Veterinary, Others), By Region and Segment Forecasts, 2023–2030”

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Rest of the World to Register Highest Growth:

The Disposable Syringe industry in this region is expanding due the increasing healthcare expenditure and infrastructure development in emerging economies. Additionally, the growing prevalence of chronic diseases and the rising demand for injectable medications are contributing to the market growth. Furthermore, favorable government initiatives, improving healthcare access and the expansion of healthcare facilities are fueling the demand for disposable syringes in the Rest of the World region.

Disposable Syringes Market 2023-2030: Scope of the Report

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Disposable Syringes Market Report – Key Takeaways:

• Dominance of Safety Syringes in the Market

The Safety Syringes segment had more than half of the market share in 2022. Increasing awareness about needlestick injuries and associated risks along with stringent regulations and guidelines on infection control and safety, growing emphasis on infection prevention and control measures, along with the need to reduce the transmission of blood-borne diseases are propelling the demand for safety syringes in various medical applications. As per International Diabetes Federation (IDF), The rising number of people with diabetes is estimated to reach 643 million by 2030 and 783 million by 2045, underscores the demand for safe medication administration. Safety syringes provide vital protection against needlestick injuries and infections, meeting the increasing need for secure insulin and injectable medication delivery.

• Immunization Injection to Register Highest Growth

Immunization Injection is analyzed to grow with the highest CAGR of 7.5% during the  forecast period. The increasing focus on immunization programs including routine childhood vaccinations, seasonal influenza vaccinations and vaccinations against emerging infectious diseases. The growing awareness about the importance of vaccination, coupled with the increasing global population and rising healthcare expenditure is contributing to the higher demand for disposable syringes for immunization injections.

• Asia Pacific is Leading the Market

The Asia Pacific region held a major market share of 41% in 2022. The strong presence in this region can be attributed to the increasing population and urbanization in the region have resulted in a growing demand for healthcare services, including immunization programs, which require the use of disposable syringes. The expanding healthcare infrastructure, along with increasing healthcare expenditure and government initiatives to improve healthcare access and delivery are propelling the demand for disposable syringes in the region. In  October 2022, Terumo Pharmaceutical Solutions (TPS), a leading manufacturer of primary containers and injection devices, introduced the PLAJEX 2.25 mL with Tapered Needle . This customized polymer syringe meets the unique demands of the Biotech market, including challenging biotech drugs with larger volumes, offering enhanced functionality and compatibility.

• Burgeoning Opportunities in Immunization Programs and Vaccination Campaigns

Immunization programs including routine childhood vaccinations, adult vaccinations and vaccinations against emerging infectious diseases are expected to drive the demand for disposable syringes for immunization injections. The focus on preventive healthcare and the need for safe and effective vaccine administration are creating opportunities for disposable syringes in this segment.

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Key Opportunity Analysis:

Emerging of User-friendly Design and Ease of Use

Manufacturers in the disposable syringes market are increasingly focusing on developing user-friendly designs that are easy to handle and use. This includes features such as ergonomic grips, clear dose markings and smooth plunger movements to ensure accurate dosing and minimize the risk of medication errors. Additionally, innovations such as color-coded syringe caps for easy identification and compatibility with different types of medication delivery systems are also gaining traction. The demand for disposable syringes with user-friendly designs and ease of use is driven by the need to enhance patient safety, improve healthcare worker efficiency and minimize medication errors and creating opportunities for manufacturers to differentiate their products in the market.

For instance, In 2022, the syriQ BioPure® prefillable glass syringes is a type of disposable syringe that is manufactured with advanced technology to achieve exceptionally low residual levels. This feature reduces the potential for interactions between the drug and the syringe throughout the entire shelf life of the product. These syringes are designed for optimal functionality and seamless integration with auto injectors and safety systems, ensuring safe and convenient drug administration for patients.

High Demand for Auto-disable Syringes

Auto-disable syringes are designed to prevent multiple uses, as the plunger gets automatically locked after a single use and preventing needlestick injuries as well as reducing the spread of infections. The growing awareness about safe injection practices and the need to prevent needle reuse in healthcare settings are driving the demand for auto-disable syringes and creating opportunities for manufacturers in the disposable syringes market.

For instance, the BD SoloShot™ Mini is specifically engineered to minimize vaccine wastage and reduce the environmental impact of syringes. Its auto-disable functionality makes it an ideal choice for large-scale and routine immunization programs, effectively preventing syringe reuse and the potential transmission of blood-borne pathogens.

The Shift Towards Self-administration

Disposable syringes offer convenience, ease of use and precise dosing, making them an ideal choice for self-administration. Patients can easily and accurately administer medications in the comfort of their own homes, reducing the need for frequent hospital visits. This trend not only empowers patients to take control of their healthcare but also drives the demand for disposable syringes, as they provide a hygienic and cost-effective solution for self-administration. Manufacturers recognize this opportunity and are developing innovative disposable syringes that cater to the specific needs of self-administering patients, further fueling the growth of the market.

In 2023, as per Bangladesh Pharmaceutical article, over 83% of individuals are opted for self-medication in with antibiotics being the most common choice for self-administration, accounting for 62% of cases. Additionally, over 30% of individuals resorted to self-medication as a cost-saving measure, citing high doctor consultation fees as a contributing factor.

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The Report also Covers the Following Areas:

• Disposable Syringes Market Size and Forecast
• Disposable Syringes Market Trends
• Disposable Syringes Market Analysis by Type

Disposable Syringes Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Disposable Syringes Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Disposable Syringes Market

Covid and Ukrainian Crisis Impact:

• The Covid-19 pandemic has accelerated innovation in the manufacturing, design and distribution of disposable syringes. This has led to the development of new technologies and techniques for producing syringes more efficiently and effectively including innovations in materials, manufacturing processes, and packaging. However, the pandemic has resulted in increased costs for manufacturers and suppliers of disposable syringes. This includes higher costs for raw materials, transportation, labor, and compliance with enhanced health and safety protocols. These increased costs have impacted profit margins and overall business performance.
• The Ukraine crisis has disrupted the healthcare infrastructure in affected regions, leading to challenges in the proper use and disposal of disposable syringes. Disrupted healthcare systems, damaged facilities, and limited access to healthcare services may impact the safe and effective use of disposable syringes, potentially resulting in increased health risks and environmental concerns.

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List of Key Market Players in Disposable Syringes Market:

The Global Disposable Syringes Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Baxter International Inc.
• Medtronic plc
• Fresenius Kabi AG
• Terumo Corporation
• Braun SE
• Becton, Dickinson and Company.
• Novo Nordisk A/S
• Retractable Technologies, Inc.
• Henke-Sass, Wolf GmbH
• Nipro Corporation
• Air-Tite Products Co., Inc.
• UltiMed, Inc.
• Hindustan Syringes & Medical Devices Ltd
• Teleflex Incorporated.
• Cardinal Health, Inc.

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Disposable Medical Textiles Market  – The Disposable Medical Textiles Market  is projected to grow at a CAGR of 8.2% from 2023 to 2030. The  growth in the prevalence of chronic diseases such as coronary heart disease, high cholesterol, combined with concerns regarding life expectancy and wellbeing is expected to increase the disposable medical textiles industry.

Advanced Parenteral Drug Delivery Devices Market– The Advanced Parenteral Drug Delivery Devices Market is projected to grow at a CAGR of 8.6% from 2023 to 2030, owing to the prevalence of chronic diseases, the increasing use of vaccinations and Novel trends in parenteral drug delivery devices are boosting the product demand is fueling the Market Growth.

Disposable Medical Devices Market  – The Disposable Medical Devices Market  is projected to grow at a CAGR of 13.8% from 2023 to 2030. Increasing prevalence of chronic diseases such as diabetes, obesity and other are the major factors driving the growth of the disposable medical supplies market.

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