Disposable Syringes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.53 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Disposable Syringes Market Analysis
The disposable syringes market size is estimated at USD 14.4 billion in 2023. It is expected to reach USD 22.7 billion by 2028, with a CAGR of 9.53% during the forecast period
The COVID-19 pandemic significantly impacted the growth of the disposable syringes market owing high transmission rate of the SARS-CoV-2 virus, which resulted in increased usage of disposable syringes. For instance, in February 2021, the United Nations Children's Fund (UNICEF) purchased 1 billion syringes for COVID-19 vaccination efforts in countries participating in the COVAX facility. Such high consumption of syringes during the pandemic significantly increased the market growth.
Moreover, introducing several vaccines for COVID-19 impacted the market's growth by many folds in the latter phase of the pandemic. For instance, in July 2022, the US Department of Health and Human Services (HHS), in collaboration with the Department of Defense, secured 3.2 million doses of Novavax's COVID-19 vaccine. Thus, owing to the procurement of large doses of the COVID-19 vaccine required an adequate number of disposable syringes to vaccinate a massive pool of patients, which further propelled the market growth.
Factors such as increasing activities by various NGOs creating awareness for the use of disposable syringes, the need to control the spread of diseases like HIV, and the rising demand for disposable syringes are expected to boost the market growth during the forecast period.
The needle exchange programs implemented by the government authorities and NGOs offer a proper solution to dispose of syringes after their use. For instance, in February 2023, the Michigan Department of Health and Human Services and Vital Strategies collaborated with the researchers from the Bloomberg School of Public Health's Bloomberg Overdose Prevention Initiative team to interview syringe services program operators across Michigan to document the leading factors that caused to the abrupt increase in service availability in Michigan. Such programs educate people to use disposable syringes responsibly and thereby reduce the concern of disposal of syringes, boosting the demand for these syringes during the forecast period.
Additionally, the high burden of infectious diseases, such as HIV infection, which may spread through reused syringes among the population, raises the demand for disposable syringes. This, in turn, is expected to propel market growth over the forecast period. For instance, according to the data published by HIV.gov, in June 2023, it was observed that sharing and reusing needles, syringes, or other injection equipment like cookers may increase the risk of getting or transmitting HIV or hepatitis B and C. Hence, to prevent the spread of such deadly diseases, the utilization of disposable syringes is expected to rise, thus, contributing to the market's growth.
The companies' rising focus on adopting key strategic activities, such as partnerships, agreements, and new product launches, is expected to increase the availability of disposable syringes in the market. For instance, in April 2023, Delta Med Group, headquartered in Italy, signed a partnership agreement with DBM, one of the leading manufacturers of pre-filled syringes. The partnership aims to expand the portfolio and strengthen its positioning in pre-filled syringes, including disposable syringes. Similarly, in May 2022, Sharps Technology Inc. patented the single-use smart safety syringe products and announced that it completed the acquisition of Safeguard Medical's syringe manufacturing facility in Hungary. Such instances are expected to contribute to the market's growth.
Therefore, owing to the rising government initiatives, the higher risk of acquiring infectious diseases, and increasing company activities, the market studied is expected to grow during the forecast period. However, the comparatively high one-time cost and stringent regulatory regulations are likely to hinder the growth of the disposable syringes market during the forecast period.
Disposable Syringes Market Trends
Retractable Safety Syringes Segment Expected to Witness Significant Growth Rate
- The retractable safety syringes are used for subcutaneous, intramuscular, and intravenous injections. These syringes possess a safety mechanism of automatically retracting the needle into the plunger after injection to protect an accidental needle stick and secondary use.
- A retractable safety syringe has a built-in safety mechanism to reduce the risk of needlestick injuries to healthcare workers and others. The needle on a safety syringe can be detachable or permanently attached. In some models, a sheath is placed over the needle; in others, the needle retracts into the barrel. Thus, the advantages offered by such retractable safety syringes will likely increase the segment's growth over the forecast period. Various companies provide retractable syringes, such as BD Integra retracting syringes. The syringes include significantly lower dead space volume than a traditional Luer lock syringe and needle, which may result in reduced medication waste. It also provides the clinician a choice of when to activate the safety feature, before or after the needle is withdrawn from the patient. Hence, such advantages of retractable syringes are expected to increase the demand for these syringes, which may fuel the market's growth in the near future.
- Initiatives such as growing investments and increasing product launches, given the added features of retractable safety syringes, are expected to drive the studied segment over the forecast period. For instance, in October 2021, Datwyler, a company based in Switzerland, developed the SafeR syringe, which automatically retracts the exposed needle, removing it from harm's way, preventing reapplication of the syringe, and promoting infection control. Such developments are expected to augment the market segment's growth during the forecast period.
North America Expected to Hold Significant Market Share Over the Forecast Period
- North America is anticipated to hold a significant market share over the forecast period owing to the factors such as the high burden of various diseases leading to an increase in the need for diagnosis and treatment, the need for the prevention of infectious diseases, increasing approvals and launches of parenteral drugs. In addition, the initiatives undertaken by the government to prevent blood-borne infections and the establishment of new hospitals are expected to drive market growth during the forecast period.
- The high burden of hospital admissions is expected to contribute to the market's growth. For instance, the Canadian Institute for Health Information, accessed in July 2023, reported that in 2021-2022, there were almost 2.9 million acute inpatient hospitalizations in Canada compared to 2.7 million in 2020-2021. The high burden of admission in hospitals creates the need for disposable syringes for treatment and diagnosis purposes and, thus, is expected to contribute to the market's growth.
- Furthermore, the initiatives taken by the government authority to ensure proper disposal of single-use syringes and avoid multiple usages of disposable syringes are likely to augment the market growth. For instance, in April 2023, the public syringe disposal pilot program was launched in Dover by installing two-needle disposal units. This program addresses public concerns about the improper disposal of syringes in Dover, Delaware. Such initiatives create awareness about the proper use of disposable syringes, hence expected to contribute to market growth.
- Moreover, the rising new product launches are expected to increase the availability of disposable syringes in the market. For instance, in May 2021, the Department of Defense (DOD), in coordination with the Department of Health and Human Services (HHS), signed an agreement with Retractable Technologies, Inc. (RTI) to expand the production of the low dead space (LDS) safety syringes and needles. Under this agreement, the government allocated funding of USD 27.3 million. The investment would enable Retractable Technologies Inc. to install two additional automated LDS safety syringe assembly lines at its manufacturing facility in Texas, increasing the US production capacity of LDS safety syringes by approximately 75%.
- Therefore, owing to the higher risk of acquiring infectious diseases, increasing hospital admissions, growing government initiatives, and rising launches of disposable syringes, the studied market is expected to grow in the North American region over the forecast period.
Disposable Syringes Industry Overview
The disposable syringes market is fragmented in nature due to the presence of a large number of companies. The competitive landscape includes analyzing a few international and local companies with notable market shares. Some of the key companies in the market are Gerresheimer AG, Baxter International Inc., Becton, Dickinson and Company, B. Braun SE, Cardinal Health, and Terumo Corporation, among others.
Disposable Syringes Market Leaders
Baxter International, Inc.
Becton, Dickinson and Company
Terumo Corporation
B. Braun SE
Gerresheimer AG
*Disclaimer: Major Players sorted in no particular order
Disposable Syringes Market News
- March 2023: Genixus planned to build a 30,000-square-foot manufacturing facility in North Carolina, United States, outfitted with automated manufacturing equipment to support the KinetiX syringe, a ready-to-administer platform made from plastic.
- May 2022: SCHOTT Pharma inaugurated its new manufacturing facility for pre-fillable syringes made of high-end polymer in Müllheim, Germany.
Disposable Syringes Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Activities by Various NGO's that Create Awareness for the Use of Disposable Syringes
4.2.2 Need to Control the Spread of Diseases like HIV
4.2.3 Rising Demand of Injectable Drugs
4.3 Market Restraints
4.3.1 Comparatively High One-time Cost
4.3.2 Stringent Government Regulations
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Conventional Syringes
5.1.2 Safety Syringes
5.1.2.1 Retractable Safety Syringes
5.1.2.2 Non-retractable Safety Syringes
5.2 By End Users
5.2.1 Hospitals
5.2.2 Diagnostic Laboratories
5.2.3 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East & Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East & Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Gerresheimer AG
6.1.2 Baxter International Inc.
6.1.3 Becton, Dickinson and Company
6.1.4 B. Braun SE
6.1.5 Cardinal Health
6.1.6 Schott AG
6.1.7 Hindustan Syringes & Medical Devices Ltd
6.1.8 Nipro
6.1.9 Retractable Technologies Inc.
6.1.10 Terumo Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Disposable Syringes Industry Segmentation
As per the scope of this report, disposable syringes refer to single-use syringes disposed of after single use. Disposable syringes eliminate the need for sterilization as they are intended for single-use, and commercial versions come pre-sterilized. The disposable syringes market is segmented by type (conventional syringes and safety syringes (retractable safety syringes and non-retractable safety syringes)), end users (hospitals, diagnostic laboratories, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size in value terms in USD for all the abovementioned segments.
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Disposable Syringes Market Research FAQs
What is the current Global Disposable Syringes Market size?
The Global Disposable Syringes Market is projected to register a CAGR of 9.53% during the forecast period (2024-2029)
Who are the key players in Global Disposable Syringes Market?
Baxter International, Inc., Becton, Dickinson and Company, Terumo Corporation, B. Braun SE and Gerresheimer AG are the major companies operating in the Global Disposable Syringes Market.
Which is the fastest growing region in Global Disposable Syringes Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Disposable Syringes Market?
In 2024, the North America accounts for the largest market share in Global Disposable Syringes Market.
What years does this Global Disposable Syringes Market cover?
The report covers the Global Disposable Syringes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Disposable Syringes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Disposable Syringe Industry Report
Statistics for the 2024 Disposable Syringe market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Disposable Syringe analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
