Disposable syringes are medical instruments which are discarded after a one-time use. Furthermore, these instruments are defined as hollow cylinder which has a piston mechanism. In addition, disposable syringes are used in collection of blood samples from the body of a patient. Moreover, these devices are also employed in delivering various therapeutic drugs into the body of a patient. Furthermore, there are different types of syringes that are available in market such as conventional disposable syringes and safety disposable syringes. The safety disposable syringes offer various benefits over the conventional syringes such as these provide protection against needle stick injuries.
List of Key Players
The global disposable syringes market is highly competitive and the prominent players in the market have adopted various strategies to garner maximum market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Baxter International Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, Henke-Sass Wolf, Nipro Medical Corporation, Novo Nordisk A/S, Retractable Technologies, Inc., Terumo Corporation, and Vita Needle Company.
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According to product type, safety disposable syringes acquired the major share of the market. Furthermore, the segment is also expected to exhibit the fastest growth rate during the forecast period owing to factors such as rise adoption of safety disposable syringes. This is due to presence of favorable governmental initiatives such as, occupational safety and health administration (OSHA), is an agency in U.S. that assures safe and healthy working conditions for working men and women. Similarly, world health organization (WHO) launched a new policy in 2015 to eradicate the practice of unsafe injections globally. Moreover, increase in awareness among clinicians related to benefits offered by these devices boosts the market growth. Development of the healthcare industry in developing regions is another factor that contributes toward the growth of the safety disposable syringe market.
By application, the therapeutic injections acquired the major share of the disposable syringes market. This growth of the segment is attributable to the factors such as surge in prevalence of various chronic disorders such as diabetes and cancer which require the administration of therapeutic agents with the help of disposable syringes. Furthermore, the immunization injection segment is expected to grow at the fastest pace during the forecast period owing to the factors such as rise in the awareness towards benefits of vaccination across the globe.
By region, North America accounted for the major disposable syringes market share in 2018 and is expected to continue this trend, owing to easy availability of disposable syringes. Moreover, surge in the prevalence of various chronic conditions which require immunization is another major reason that contributes to the growth of this market. On the other side, Asia-Pacific is estimated to register the fastest growth during the forecast period attributed to the increase in awareness regarding the use of disposable syringes. The constantly evolving life science industry drives the growth of the market in developing economies such as India, China, and Malaysia. As the constant development leads to surge in awareness related to the use of disposable syringes.
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