Europe Disposable Syringes Market Size, Share & Trends Analysis Report By Product (Conventional Syringes, Safety Syringes), By Application (Immunization Injections, Therapeutic Injections), By End-use, By Country, And Segment Forecasts, 2023 - 2030

Europe Disposable Syringes Market Size, Share & Trends Analysis Report By Product (Conventional Syringes, Safety Syringes), By Application (Immunization Injections, Therapeutic Injections), By End-use, By Country, And Segment Forecasts, 2023 - 2030

Europe Disposable Syringes Market Growth & Trends

The Europe disposable syringes market size is expected to reach USD 3.70 billion by 2030, expanding at 5.75% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow due to technological advancements, the increasing adoption of disposable safety syringes, and the growing adoption of self-administration of drugs along with increasing demand for vaccines.

Disposable syringes are commonly used and necessary for medical treatment. According to Becton, Dickinson, and Company (BD), the single-use plastics (SUP) used in disposable syringes account for 40% of total plastics manufactured. Such polymers contribute to widespread contamination and have a significant carbon footprint. They also primarily end up in landfills, where they contribute to negative environmental and health repercussions. As a result, manufacturers are devoted to decreasing environmental effects by supplying cutting-edge solutions.

For instance, in September 2022, BD Emerald Syringes were made at Spain Fraga, one of BD’s 46 sites equipped with ISO 14001-certified environmental management systems. Their Fraga factory is powered entirely by renewable energy. As a result, the disposable syringes market will witness considerable growth in the near future.

Players in the Europe disposable syringe industry undertake various strategies such as merger & acquisition, product launch, partnership, etc. to strengthen their product portfolios and offer diverse technologically advanced and innovative products to their customers. These are the most prominently adopted strategies by companies to attract more customers in the market.

For instance, in January 2022, ICU Medical Inc. announced the completion of its purchase of Smiths Medical from Smiths Group plc. Smith’s Medical's product portfolio. This includes ambulatory infusion devices and syringes, vital care, and vascular access products, which are projected to drive disposable syringe market growth in the near future.

Europe Disposable Syringes Market Report Highlights

• Based on product, the disposable syringes industry has been segmented into safety and conventional syringes. The safety syringes segment held the largest share of around 64.06% of total revenue in 2022. It offers various advantages such as a high-performance level of products and the assured safety of patients
• Based on application, the therapeutic injection segment held the largest market share in 2022, owing to the increasing awareness toward blood donation and the high prevalence of diseases such as dengue tuberculosis malaria, and HIV infection in the developing and underdeveloped countries
• Based on end-use, the hospital segment held the largest market share of around 35.56% in 2022. The increasing rate of hospitalization due to a rise in trauma cases, & other infectious diseases; a growing number of well-equipped, well-furnished, & advanced hospitals; aging population; and increasing prevalence of chronic diseases are expected to drive the segment growth
• Denmark's disposable syringes industry is expected to witness the fastest growth rate at a CAGR of 7.06% over the forecast period. Factors that can be attributed to market growth include a growing geriatric population, an increasing number of surgeries, and rising expenditure on healthcare

Please note The report will be delivered in 3-8 business days upon order notification.