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Disposable Syringes Market Business Revenue, Financial Overview, Company Profiles, Competitive Scenario And Investment Analysis

Disposable Syringes Industry Overview

The global disposable syringes market size was valued at USD 13.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.12% from 2022 to 2030. 

The growth is attributed to the growing prevalence of chronic disorders, increasing adoption of safety syringes, and a growing number of surgeries globally. For instance, according to Mölnlycke Health Care AB in 2021, 70 million surgical procedures are performed every year in Europe.

Since the introduction of disposable syringes, patients no longer have to rely solely on the doctors’ sterilization protocols for their safety, as they are discarded after one use. As a result, there is no risk of cross-contamination. Other advantages of disposable syringes include their low cost and environmental friendliness. These factors are positively impacting sales growth. In future years, the market is predicted to expand.

The COVID-19 pandemic has had a considerable impact on all industries, On the other hand, an increase in hospitalization rates has been observed. This is likely to increase the revenue generation channel for companies in the disposable syringes market. Additionally, due to syringe shortages, global manufacturing capacity has been increased in a number of nations, including South Korea, which has doubled its syringe supply for the COVID-19 immunization campaign in 2021.

Gather more insights about the market drivers, restrains and growth of the Global Disposable Syringes Market

Manufacturers are focused on efficient sterilizing procedures to avoid infections among healthcare practitioners and patients in the wake of the rapidly spreading COVID-19 pandemic. As a result, companies operating in the market are focusing on improving operational performance in order to increase their global credibility.

This new milestone reflects assurances from governments around the world, including Australia, the UK, Canada, Brazil, Germany, France, the Philippines, India, South Africa, Spain, Saudi Arabia, and the U.S., as well as non-governmental organizations that support vaccine deployment in developing countries. These characteristics are projected to generate lucrative market growth prospects.

However, according to the World Health Organization (WHO), there will be a 2.0 billion needle deficiency by 2022. This is due to increased demand, supply-chain disruptions, and ‘syringe nationalism’ that “may pose substantial hurdles in 2022. As a result, most countries throughout the world have begun to reduce security regulations and resume certain elective treatments, indicating that the market will continue to develop during the projection period.

Additionally, organizations are gaining knowledge in their end-to-end supply chains in order to reduce product prices and improve the quality and services associated with disposable syringes. Such operational ideas help organizations save money by eliminating third-party expenses. These characteristics are projected to generate lucrative market growth prospects. 

Moreover, increasing prevalence of chronic disorders such as Crohn’s disease and diabetes which can be managed by self-injecting medication. For instance, as per the International Diabetes Federation 2021 report, the number of people living with diabetes are approximately 537 million adults (20-79) in 2021 to nearly 783 million by 2045. Syringes are required for the majority of diagnostic and therapeutic approaches for chronic diseases, since they play an important role during medication administration and tests, resulting in rising demand for the product.

Furthermore, major companies are focusing on producing syringes designed exclusively for chronic disease therapy in order to increase their market position. For instance, Hypak SCF PRTC glass pre-fillable syringe from BD is used to treat chronic disorders.      

Along with the above factors, the need for disposable syringes in various healthcare settings is likely to increase with the growing aging population, a demographic that is more susceptible to chronic illnesses such as diabetes and other lifestyle-related disorders. In addition, according to CDC, adults aged 65 years and above are more likely to acquire heart disease, COPS, diabetes, cancer, neurological problems, and other chronic illnesses. Patients with such illnesses require emergency and nonemergency hospital services which is expected to spur the market growth in the near future.

China dominated the market with a market revenue share of 27.09% in 2021. Government initiatives to encourage the adoption of disposable medical supplies in order to prevent infections in operating rooms is the key factor responsible for growth of the market in this region. The increasing prevalence of chronic diseases and the growing geriatric population are the factors that drive the market growth in China.      

According to Front. Public Health in 2020, chronic NCDs account for about 80% of mortality in China among adults aged 60, with Ischemic Heart Disease, Stroke, Chronic Obstructive Pulmonary Disease (COPD), and Type 2 Diabetes is the most common. Additionally, market growth is being driven by continued medical infrastructure construction, as well as growing government and private sector investments to promote the usage of safer and more cost-effective healthcare solutions.

Browse through Grand View Research’s  Medical Devices Industry Research Reports.

  • Needles Market – The global needles market size was valued at USD 5.97 billion in 2017. The market is projected to expand further at a strong CAGR of 6.6% over the forecast period. Increasing geriatric population and demand for vaccines are among the key growth-driving factors. Rising prevalence of various chronic diseases and increasing number of hospitals and clinics in emerging countries are also likely to augment the growth of this market during the forecast period.
  • Syringes Market – The global syringes market size was valued at USD 13.5 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of8.5% from 2019 to 2026. The demand for syringes is on a rise owing to the increasing prevalence of chronic diseases, rising demand for vaccines and immunization, technological advancements, and growing adoption of injectable drugs.

Disposable Syringes Market Segmentation

Grand View Research has segmented the global disposable syringes market based on product, application, end use and region 

Disposable Syringes Product Outlook (Revenue, USD Million, 2017 – 2030) 

  • Conventional Syringes
  • Safety Syringes
    1. Retractable Safety Syringes
    2. Non-retractable Safety Syringes

Disposable Syringes Application Outlook (Revenue, USD Million, 2017 – 2030)

  • Immunization Injections
  • Therapeutic Injections

Disposable Syringes End Use Outlook (Revenue USD Million; 2017 – 2030)

  • Hospital
  • Diagnostic Laboratories
  • Blood Banks
  • Pharmaceutical Industry
  • Veterinary purposes
  • Others

Disposable Syringes Regional Outlook (Revenue, USD Million, 2017 – 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Market Share Insights

  • June 2021: To support global COVID-19 immunization efforts, BD, a multinational medical technology company, announced that it has received pandemic orders for 2 billion injectable devices in syringes and needles.
  • May 2021: BD has announced plans to spin out its Diabetes Care division as a separate, publicly-traded company (“NewCo”). BD Diabetes Care has been a major force behind the adoption of insulin syringes and other products, generating roughly 8 billion injection devices each year and supporting approximately 30 million patients.
  • March 2021: A new government order for 265 million (auto disposable) AD syringes has been placed with Hindustan Syringes & Medical Devices Ltd (HMD). in September 2021. By the end of March, HMD had finished its past orders of 177.5 million AD syringes of 0.5 ml.
  • August 2019: Morimoto Pharmaceuticals, based in Japan, has launched a new prefilled syringe kit named Morimoto S.A.F.E. Syringe Kit (Smart Accident prevention, Fast & Easy).

Key Companies profiled:

Some prominent players in the global disposable syringes market include

  • Medtronic (Covidien)
  • Nipro Corporation
  • Fresenius Kabi
  • Baxter
  • BD
  • B. Braun Melsungen AG
  • Terumo Corporation
  • Flextronics International Vita Needle Company
  • Novo Nordisk
  • UltiMed, Inc.
  • Henke-Sass Wolf
  • Retractable Technologies

Order a free sample PDF of the Disposable Syringes Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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