Disposable Syringes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Disposable Syringes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The disposable syringes market is expected to register a CAGR of 5.8% during the forecast period.

The worldwide COVID-19 pandemic has eclipsed the attention of healthcare professionals, affecting all areas of health and diagnostics care. The crisis has had several indirect health effects as well. The unprecedented changes due to COVID-19 have had long-term implications on the life of people all around the globe. The global pandemic COVID-19 culminated in escalating biomedical waste (BMW) worldwide, and the management authorities have struggled for its proper disposal, to prevent the spread of the virus. The COVID-19 pandemic has affected various global sectors and so had a significant impact on the disposable syringe market. All nations around the globe have conducted life-saving immunization programs to overcome the COVID-19 pandemic, thus increasing the demand for disposable syringes. Thus, the COVID-19 pandemic has driven the growth of this market, as the increase in COVID-19 cases lead to the increase in testing of COVID-19 samples, also with the development of vaccines by various companies led to the rapid immunization thereby disposable syringe practices were adopted, to avoid contamination and spread of the virus, thereby driven the market.

The main driving factors for this market are increasing activities by various NGOs that create awareness for the use of disposable syringes, the need to control the spread of diseases like HIV, and the rising demand for disposable syringes. The safe use of disposable syringes is important to avoid contamination. For instance, in 2021 United States Food and Drug Administration (USFDA) gave guidelines to create awareness of the use of disposable syringes. The guideline reported that used needles should be immediately placed in a needle’s disposal container. United States Food and Drug Administration (USFDA)-cleared needles containers are generally available through pharmacies, medical supply companies, health care providers, and online. These containers are made of puncture-resistant plastic with leak-resistant sides and a bottom. They also have a tight-fitting, puncture-resistant lid. Thus, such awareness and safe syringe practices are driving the market.

Another such driving factor is the need to control the spread of diseases like HIV. One of the reasons for the high prevalence of HIV is the unsafe syringe disposal practice. Safe injection practices ensure to the prevention, contamination, and transmission of HIV, thereby driving the market. For instance, in 2021 World Health Organization (WHO) reported that globally 38.4 million people globally are living with HIV. Thus, one approach to prevent the spread of this disease is ensuring the use of disposable syringes. To prevent the spread of contaminated diseases like COVID-19, HIV, and Hepatitis it is essential to adopt disposable syringe practices.

Thus, due to the above-mentioned reasons, the market is expected to show a significant over the forecast period. However, due to the comparatively high one-time cost, stringent government regulations may slow the growth of the market.

Key Market TrendsSafety Syringes is the Segment by Type Expected to Witness Fastest Growth over the Forecast Period (2022-2027).

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. Safety syringes are well established and available in global markets and are major factors driving the growth of the market's rising focus on reducing needlestick injuries. The safety syringes can be segmented into retractable safety syringes and non-retractable safety syringes. A safety syringe is equipped with a sheath that automatically extends over the needle of the syringe after the syringe has been used to administer the injection.

The increasing demand for injectable formulations owing to the development of self-injection devices and long-acting formulations along with lower adverse effects and high efficacy and favorable reimbursement policies are the main reasons to drive this market. The unsafe injection practices, put healthcare workers, patients, and the community at fatal risk. The most frequently transmitted diseases through unsafe injection practices are Hepatitis B, Hepatitis C, and HIV/AIDS. Unsafe injections can also lead to abscesses, septicemia nerve damage, and hemorrhagic fevers. The rise in the concerns regarding needle stick injuries to both patients and healthcare professionals acts as one of the major factors driving the growth of the safety syringes market. For instance, in January 2021 Hindustan Syringes & Medical Devices Ltd launched Dispojekt Safety Needle to prevent injuries needle-stick injuries. These recent developments by the pharmaceutical companies are like to ensure safe injection practices, by minimizing the chances of contamination. The surge in the investments in surgical instruments by the hospitals and government initiatives to incorporate the use of safety syringes in the legislation for declining needle stick injuries and preventing needle re-use further influenced the market. Additionally, improving healthcare infrastructure and increasing in need for enhanced safety mechanisms for syringes positively affect the safety syringes market. Furthermore, research and development activities and the rise in demand for biologics extend profitable opportunities to the market players in the forecast period.

Thus, owing to the rising cases of needlestick injuries are expected to increase the demand for safety syringes leading to the high growth of the market.

North America is Expected to Dominate the Disposable Syringe Market

North America is expected to dominate the market owing to factors such as the easy availability of technologically advanced products, well-established healthcare infrastructure, and a strong network of suppliers.

According to International Diabetes Federation (IDF) in the 2021 report, the North America and Caribbean Region has the second highest diabetes prevalence (14%) of all IDF Regions. IDF projects that the number of people with diabetes in the NAC Region will increase 24%, reaching 63 million by 2045. International Diabetes Federation (IDF) also reported that 361 million living in the North American region were living with diabetes and this number is expected to increase by 413 million by 2045. This region has the second highest number of children and adolescents with type-1 diabetes 193,000 in total. The North American region reported the second highest mortality due to diabetes (931,000) and the second highest percentage (18,4%) of diabetes-related deaths in people of working age among the International Diabetes Federation (IDF) Regions. This region has the highest diabetes-related expenditure (USD 415 billion) associated with diabetes which accounts for 43% of global expenditure. The daily uptake of insulin, for people with Type-1 diabetes, is an important glucose management technique. Millions of people have diabetes and the most common method for insulin delivery in the United States is injection with the help of a syringe.

Furthermore, there is a high prevalence of chronic diseases like HIV in the United States which is also driving the market to grow in the region. Apart from the sexual transmission the virus also gets transmitted by using contaminated syringes. Another reason for the high cases of HIV in this region is also the unsafe syringe practices. Reuse and improper disposal of needles and syringes are increasing HIV cases in the area. For instance, in 2021 Centre for Disease Control and Prevention (CDC) reported about 1.2 million people in the United States aged 13 and older are living with HIV. Thus, the high prevalence of chronic diseases like diabetes and HIV is increasing the demand for safe disposable syringes, to prevent contamination and spread of HIV, thereby driving the market.

Thus, owing to the all above-mentioned factors the market is expected to witness high growth over the forecast period.

Competitive Landscape

The disposable syringes market is fragmented in nature due to the presence of fewer companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known as Air-Tite Products Co., Inc., Baxter International, Inc., Becton, Dickinson and Company, Braun Medical, Inc., Cardinal Health, Henke-Sass, Wolf GmbH, Hindustan Syringes & Medical Devices Ltd, Nipro, Retractable Technologies, Inc., and Terumo Corporation.

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