Global Disposable Syringes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Disposable Syringes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

In general, a syringe is an instrument used to insert or extract a solution from a larger body. It is usually operated by a piston pump system, which is the main method of medical treatment of patients by doctors or nurses. The main difference between a normal syringe and the disposable syringe is that disposable syringes are intended for single-use and are then usually thrown away in contaminated devices. Disposable syringes allow doctors to use the item once and then discard it so that it does not cause contamination and can speed up medical care. In addition, it is very safe and also avoids sterilization because sterilization of the syringe is no longer left to the doctor or to medical staff, but since the syringes are disposable they are discarded and are no longer needed.

Market Overview:

The latest research study on the global Disposable Syringes market finds that the global Disposable Syringes market reached a value of USD 9493.0 million in 2022. It’s expected that the market will achieve USD 13734.71 million by 2028, exhibiting a CAGR of 6.35% during the forecast period.

Profits of pharmaceutical commercial circulation companies have declined

Affected by the restrictions on hospital visits in 2020, the profits of pharmaceutical commercial distribution companies for secondary and above medical institutions have declined, and the business is gradually recovering; the development of pharmaceutical commercial distribution companies focusing on market distribution is in good shape, with general agents and general distribution products Rapid growth and continuous improvement in gross profit margin.

The market demand for epidemic prevention materials is very strong

As the global new crown epidemic continues, the market demand for relevant anti-epidemic materials is very strong, and the export business of circulation companies is gradually increasing. Take China as an example. According to the 2020 semi-annual report of Join town Express, the company’s cumulative tax-included export value reached 1.394 billion yuan in the first half of the year. The export business has achieved a historic breakthrough. The export products mainly involve masks, goggles, medical masks, isolation gowns, and hand washing. Anti-epidemic materials and medical equipment such as fluids, ventilators, etc.

Restraints

Medical waste refers to wastes with direct or indirect infectiousness, toxicity and other hazards generated by medical and health institutions in medical treatment, prevention, health care, and other related activities. It belongs to the category of hazardous waste. The treatment and disposal business of medical waste refers to the realization of resource recycling and utilization of medical waste through smelting and purification, as well as the harmless final treatment of medical waste through incineration, landfill, and physicalizing.

Opportunities

Advances in Innovation and Technology for Disposable Syringes
The development history of disposable syringes is the first silver syringe, the first-generation all-glass syringe, the second-generation sterile plastic syringe, the third-generation prefilled syringe, and the fourth-generation needleless injection technology. Taking China as an example, the syringe market is still dominated by conventional syringes, and disposable self-destructing/retracting self-destructing sterile syringes account for a relatively small proportion. According to the experience of developed countries, single-use self-destructing/retracting self-destructing sterile syringes will gradually replace conventional single-use sterile syringes. This shows that iterative product upgrades promote the continued growth of the industry.

Challenges

The Performance of Alternative Product Type is Getting Better and Better
In real life, transdermal medicine can be done with only a small hole, but at present, they often use ordinary needles to pierce the dermis to deliver medicines, which can cause pain and infection. The diameter of an ordinary needle is 300 microns, while the diameter of the tip of a nano-microneedle is only 80 microns, which is thinner than a human hair and thinner than the thickness of the epidermis. When injecting, just stick a small chip covered with microneedles on the skin. Yes, the microneedles can penetrate the epidermal stratum corneum which acts as a barrier to drugs. After that, the patch filled with the drug is attached, and the drug will slowly penetrate into the epidermis, and the drug will be administered in a quantitative and continuous manner. In fact, in addition to alleviating the suffering of patients, nano-microneedle intradermal administration has the advantages of reducing side effects, improving drug efficacy, and accelerating drug absorption. The upgrade of this series of products similar to microneedle stickers poses a threat to disposable syringes.

Region Overview:

United States is projected to account for a considerable share of the Disposable Syringes market and is expected to become the largest region by 2028.

Company Overview:

BD is one of the major players operating in the Disposable Syringes market, holding a share of 19.26% in 2023.

BD

Becton, Dickinson and Company is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers.

COVIDIEN(Medtronic)

At Medtronic, we believe that medical technology can improve lives. Seventy years ago, the co-founder invented a battery-powered pacemaker. Today, it has become one of the largest medical device companies in the world. The product operates in 150 countries/regions and can treat 70 health conditions, including heart equipment, skull and spine robots, insulin pumps, surgical tools, patient monitoring systems, etc. Therapies can help 72 million people every year and support the mission to relieve pain, restore health and extend life.

Segmentation Overview:

By type, Safety Syringes segment accounted for the largest share of market in 2022.

Safety Syringes

Conventional syringes are available with or without needles. The syringe-needle combination has a clear barrel and bold graduations. Disposable syringes with Luer-Lok ™ tip, Luer slide tip or eccentric Luer slide tip can be fitted with conventional needles or safety needles.

Safety Syringes

A safety syringe is a syringe with a built-in safety mechanism to reduce the risk of needlestick injuries to healthcare workers and others. The needle on a safety syringe can be detachable or permanently attached. On some models, a sheath is placed over the needle, whereas in others the needle retracts into the barrel.

Application Overview:

By application, the Medical Use segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Disposable Syringes market covered in Chapter 3:

COVIDIEN(Medtronic)
Nipro
Bio-Med Healthcare Products Pvt. Ltd.
Iscon Surgicals Ltd.
Smiths Medical ASD,Inc
B.Braun Melsungen AG,OPM
Retractable Technologies Inc.
BD
Weigao Group
Hindustan Syringes and Medical Devices Ltd. (HMD)
Gerresheimer AG
Lifelong Meditech Pvt. Ltd.
marathon medical

In Chapter 4 and Chapter 14.2, on the basis of types, the Disposable Syringes market from 2018 to 2029 is primarily split into:

Conventional Syringes
Safety Syringes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Disposable Syringes market from 2018 to 2029 covers:

Medical Uses
Non-medical Uses

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)