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The major factors for the growth of the disposable syringes market include the increasing activities by various NGO’s that create awareness for the use of disposable syringes, need to control the spread of diseases like HIV, and rising demand of injectable drugs.
There has been a marked increase in the use of injectable drugs, primarily due to the lack of bioavailability in conventional drug delivery methods. A large number of orally administered drugs are subject to decomposition during the first-pass metabolism, which renders them ineffective by the time they reach the systemic circulation. On the other hand, injectable drugs directly enter the systemic circulation and provide the desired effect with the quicker onset of action. Furthermore, there are rising cases of needlestick injuries boosting the demand for the safety syringes. These advantages are also responsible for increased adoption of injectable drug and the consequent growth of the global disposable syringes market. Furthermore, the increasing demand for vaccines is expected to drive the sales of syringes particularly disposable syringes in the developing regions of the world.
Key Market Trends
Safety Syringes is the Segment by Type Expected to Witness Fastest Growth over the Forecast Period
Safety syringes are well established and available in global markets and major factors driving the growth of the market rising focus on reducing needlestick injuries. While the introduction of universal precautions and safety-conscious needle designs has led to a decline in such type of injuries. Awareness of needlestick injuries started to develop soon after the identification of HIV and today the major concern after a needlestick injury is not HIV but hepatitis B or hepatitis C. 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. Safety syringes can help in the prevention of transmission of diseases, like AIDS and Hepatitis, among healthcare workers. Additionally, safety syringes help to avert all types of needle stick injuries. 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 Market
The major factors driving the growth of the market include rising cases of diabetes and the presence of better healthcare infrastructure. As per American Diabetes Association (ADA), in 2017, around 34.2 million Americans, who account for nearly 10.5% of the population, had diabetes and approximately 1.6 million American children and adults had type 1 diabetes. Taking insulin is an important management technique for millions who 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 rising prevalence of chronic diseases in the United States which is helping the market to grow in the region. Thus, owing to the all aforementioned factors the market is expected to witness high growth over the forecast period.
The market studied is a fragmented market owing to the presence of various market players. Some of the market players are 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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