Global Disposable Syringes Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

The global disposable syringe market was worth USD 6.5 billion in 2019 and is expected to grow at an 8.9% CAGR during the forecast period. The market is expected to grow due to the growing demand for injectable drugs. The development of self-injection devices and long-acting formulations with high efficacy and lower adverse effects are major reasons for the increasing demand for injectable formulations. Industry players increasingly investing in the R&D of new chemicals that are more potent than existing drugs are likely to augment the growth over the forecast period. Currently, in the U.S., almost 60% of drugs in clinical trials are biologics. Furthermore, mostly all the biologics are administered via the intravenous route. Hence, the rising demand for biologics will further propel the growth during the forecast period.

Top Driver: 

Growing demand for injectable drugs
In 2019, the global disposable syringe market was valued at USD 6.4 billion. The market is expected to grow due to the growing demand for injectable drugs. The development of self-injection devices and long-acting formulations with high efficacy and lower adverse effects are major reasons for the increasing demand for injectable formulations. Industry players increasingly investing in the R&D of new chemicals that are more potent than existing drugs are likely to augment the growth over the forecast period. Currently, in the U.S., almost 60% of drugs in clinical trials are biologics. Furthermore, mostly all the biologics are administered via the intravenous route. Hence, the rising demand for biologics will further propel the growth during the forecast period.

General syringes make a Crucial Contribution to the Growth of the Global Disposable Syringes Market
The market for syringes is segmented into general syringes and specialized syringes. The general syringes segment holds a larger share of the market. The global specialized syringes segment is expected to grow at a higher rate from 2019 to 2028. Specialized syringes allow for the accurate delivery of drugs by overfilling or underfilling, which is a key reason for their growing adoption among users. In addition, other factors such as the increasing use of injectables as a mode of drug delivery and an increasing inclination towards self-administration are driving the growth of the specialised market across the globe.
Based on material, the market for syringes is further segmented into glass syringes and plastic syringes. The glass syringes segment is expected to account for a larger share of the global market in 2019. Glass syringes are more resistive and reduce the chances of the syringe material reacting with the fluid. These syringes can also be sterilised and reused. On the other hand, the plastic syringes segment is expected to witness higher growth at a CAGR of 9.5% during the forecast period. Factors such as rising awareness about blood-borne infections and an increasing inclination towards self-administration are driving the growth of the plastic syringes segment in the global market.

Asia-Pacific dominated the fastest growth in the global disposable syringe market
The Asia-Pacific market is expected to grow at the highest CAGR from 2019 to 2028. Factors such as increasing technological advancement, rising focus of global players on the region, rapid urbanization, favourable regulatory policies for the approval of new injectables, and rapid growth in the ageing population are propelling the growth of the market in the region.
Also, the global market is estimated to be dominated by North America. A number of factors such as the increasing prevalence of chronic and lifestyle diseases, growing product approvals, increasing awareness about specialized syringes, upsurge in biologics approvals, and increasing developments in injectable devices are driving the growth of the North American market.
Players to Focus on Global Disposable Syringes Market

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.
• Terumo Corporation.

Scope of the Report

By Type
• General Syringes
• Specialized Syringes
• Insulin Syringes

By Application
• Glass Syringes
• Plastic Syringes

By End-user
• Hospitals
• Clinics
• Homecare Settings
• Others

By Region
• North America
• Europe
• Asia Pacific
• Rest Of World

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.

2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.

3. It renders a definite analysis for changing competitive dynamics.

4. It builds a seven-year estimate based on how the market is predicted to grow.