New York, NY -- (SBWIRE) -- 01/29/2021 -- The global disposable syringes market is projected to rise owing to the increasing demand for injectable drugs. The development of long-acting formulations and self-injection devices with high efficiency and lower adverse effects are prime reasons for the rising demand for injectable formulations.
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Leading Players Profiled in the Report Include:
Braun Medical, Inc., Fresenius Kabi AG, Baxter International, Inc., Flextronics International Vita Needle Company, Terumo Corporation, Novo Nordisk, UltiMed, Inc., Henke-Sass, Wolf, Covidien, Retractable Technologies, Inc., and Becton Dickinson
Market Drivers
The high prevalence of chronic diseases around the world, increasing adoption of safety syringes, rising geriatric population, technological advancements, and rising demand for vaccines are boosting the market growth of disposable syringes. Major industry players are increasingly investing in the research and development of new chemicals that are more potent than existing drugs is likely to propel the growth during the forecast period. The introduction of new injectable drugs is also expected to bolster the industry's growth. Increasing concerns about needle stick injuries and accidental infections have created a shift in preference from reusable syringes to disposable syringes.
Regional Landscape
In 2020, the global market was dominated by North America. A number of factors like growing product approvals, increasing prevalence of chronic and lifestyle diseases, increasing awareness about specialized syringes, upsurge in biologics approvals, and growing developments in injectable devices are propelling the growth of the North American market. The Asia-Pacific market is expected to see robust growth from 2020 to 2027. Several factors like growing technological advancement, increasing focus of global players on the region, favorable regulatory policies for the approval of new injectables, rapid urbanization, and robust growth in the aging population are augmenting the growth of the market in the region.
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Segments Covered in the report
Product type Outlook (Revenue, USD Million; 2017-2027)
General Syringes
Specialized Syringes
Safety Syringes
Pre-filled Syringes
Others
Application Outlook (Revenue, USD Million; 2017-2027)
Immunization Injections
Therapeutic Injections
End Use Outlook (Revenue, USD Million; 2017-2027)
Hospitals
Blood collection centers
Diabetic centers
Veterinary Clinics
Others
Regional Outlook (Revenue, USD Million; 2017-2027)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Rising prevalence of diabetes
3.2. Increasing incidences of chronic illnesses requiring injections
3.3. Global burden of transmission of blood borne Applications
3.4. Worldwide cases of HIV transmission
Chapter 4. Disposable Syringe Segmentation & Impact Analysis
4.1. Disposable Syringe Segmentation Analysis
4.2. Disposable Syringe Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Disposable Syringe Market Impact Analysis
Continued…
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