Albany, NY -- (SBWIRE) -- 12/23/2015 -- According to a new market report published by Transparency Market Research "Disposable Syringes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," the global disposable syringes market was valued at US$5.5 bn in 2014 and is projected to reach US$9.3 bn by 2023, expanding at a CAGR of 5.6% during the forecast period from 2015 to 2023.

Browse the full Disposable Syringes Market (By Product Type: Safety Syringes - Automatic Retractable, Manual Retractable, Non-retractable, and Auto-disable; Conventional Syringes - Without needle, and With needle) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/disposable-syringes-market.html

Syringes are the most widely used medical products in the world. These are used to deliver medicines intravenously or intramuscularly for the treatment of almost every disease. Disposable syringes are first choice in healthcare settings as compared to reusable syringes. The key factors which makes them more in demand than their conventional counterpart include, sterility, accuracy and low cost of acquisition as compared to reusable syringes which comes at much higher cost with possibility of infection if sterilization is not maintained.

This report covers the global disposable syringes market segmented by product type and geography. On the basis of product type, the global market has been categorized into two major types: safety syringes, and conventional syringes. Safety syringes have been further categorized into automatic retractable safety syringes, manual retractable safety syringes, non-retractable safety syringes, and auto-disable syringes. Demand for safety syringes is rising majorly due to increase in cases of needlestick injuries caused due to unsafe injection practices. Retractable safety syringes are loaded with a retractable mechanism that allows retraction of the needle into the barrel of the syringe. These syringes offer better growth potential due to high acceptance levels, especially in developed nations and are witnessing increased adoption as health care professionals are not required to undergo additional training. Auto-disable syringes are high in demand these days due to its self-destruction ability which helps to prevent transmission of blood borne pathogens among patients.

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Conventional syringes have been classified into conventional syringe without needle and conventional syringe attached with needle. Presently, the conventional syringes account for a larger market share in terms of volume owing to higher demand from population Asian and African countries. However, market for these products will plummet in the near future as more effective products such as retractable syringes are being adopted worldwide. Conventional syringes are not equipped with any kind of safety mechanisms and hence the market share for these products is falling rapidly. The other reasons for the decline include strict regulatory guidelines and growing concerns among health care workers regarding needlestick injuries.

Despite conventional syringes account for larger share in terms of volume, the global safety syringes market revenue accounts for two-third of disposable syringes market revenue. Growth of this segment is due to strict government regulations and ongoing development in the safety mechanism, which is likely to result in a better quality delivery products. Auto-disable syringes is a segment among the safety syringe products, and some of the most popular products in this segment include Soloshot and Soloshot FX syringes (BD), K1 syringes (Star Syringe, Ltd.), Destroject syringe (Bader), and Univec syringe (Univec, Inc.). AD syringes have good market potential and are expected to be the most rapidly growing segment in the market.

Some of the key players operating in the global disposable syringes market include B. Braun Melsungen AG, Becton, Dickinson & Company, Covidien plc (Medtronic plc), Codan Medizinische Geräte GmbH & Co. KG, Gerresheimer AG, Retractable Technologies, Inc., Smiths Medical, Star Syringe, Terumo Corporation, and Unilife Corporation.

The global disposable syringes market is segmented into the following categories:

Global Disposable Syringes Market, by Product
Safety Syringes
Automatic Retractable Syringes
Manual Retractable Syringes
Non-retractable Syringes
Auto-disable Syringes
Conventional Syringes
Without Needles
With Needles
Global Disposable Syringes Market, by Geography
North America
U.S.
Canada
Europe
U.K.
Germany
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of the World

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