The demand within the global disposable syringes market is growing at a sturdy pace in recent times. Use of these syringes across a multitude of domains within medicine and healthcare has garnered the attention of the vendors. The growth of the disposable syringes market can be attributed to the rising incidence of chronic diseases. The healthcare industry is steadfast in embracing new lines of treatment for managing and controlling a diseases or disorders. For this reason, drugs approvals are followed by swift adoption of these drugs in the medical and healthcare industry. As the need to administer high-performance drugs rises across the medical sector, the global disposable syringes market is projected to expand by leaps and bounds.
Transparency Market Research (TMR), in its report, finds that the global disposable syringes market would grow at a moderate CAGR of 5.60% over the period between 2015 and 2023. The total volume of revenues within the global disposable syringes market is expected to be over US$9.3 bn by 2023-end. The market held a value of US$6.5 bn in 2016. The growth of the disposable syringes market is a function of advancements in surgical procedures.
Supremacy and Low Cost of Disposable Syringes
Disposable syringes have gained popularity on account of their ease of usage. Use of sterilised glass syringes has been affected by the advent of disposable syringes. The high-cost of glass syringes has discouraged healthcare entities from using them, and this propensity has opened fresh growth opportunities for the market players. The stellar demand for disposable syringes in people suffering from cardiovascular diseases has also given a thrust to market growth. Emergence of new lines of treatment can be considered as the basis of growth within the global disposable syringes market. Furthermore, popularity of minimally invasive procedures within medicine and healthcare has also given a thrust to market growth.
Changing Trends within Medicine and Healthcare
Despite the robust pace of growth within the global disposable syringes market, certain trends and factors could hamper market growth. Most disposable syringes are made from plastic, and can only be used once. Besides, these syringes contribute to the high incidence of medical waste disposed annually. The healthcare industry is emphasizing on the use of eco-friendly materials for manufacturing disposable syringes. Once green syringes gain popularity across the globe, growth of the market shall gain an impetus.
Surgical devices and aids are readily available across a multitude of retailers. Besides, e-commerce websites also host several healthcare products such as instruments and syringes. These factors have helped the market players in defining distinct channels for distribution and sales. Use of oral syringes, peculiarly meant for the mouth, have increased in recent times. Advancements in dentistry are responsible for such an increase in usage. Therefore, the global disposable syringes market holds humongous opportunities for growth and development.
The global disposable syringes market is segmented on the basis of:
- Safety Syringes
- Automatic Retractable Syringes
- Manually Retractable Syringes
- Non-retractable Syringes
- Auto-disable Syringes
- Conventional Syringes
- With Needles
- Without Needles
- North America
- The U.K
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Latin America
- Rest of the World
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