Disposable Safety Syringes Market Size, Share, Growth, and Industry Growth, By Type (Scalable Disposable Safety Syringes and Non-Scalable Disposable Safety Syringes), By Application (Subcutaneous Injection, Intramuscular Injection, Intravenous Injection and Others) Regional Forecast (2022-2028)

REPORT OVERVIEW

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The global disposable safety syringes market size is expected to be USD 8.980 billion in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the disposable safety syringes market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 13.40 billion by 2028, exhibiting a CAGR of 6.9% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Disposable safety syringes are defined as a standard combination with hypodermic needles to inject or remove fluids from the body. It is mainly used to minimize the danger of spreading blood-borne diseases, a hypodermic needle should never be repeatedly consumed, as it is a onetime use. Furthermore, the product is procured from plastic materials as it is sturdier and extensively known for diminishing the usage of glass syringes. This is change is noticed because of the product exhibiting cost effectiveness, are available directly sterilized and in a ready to consume arrangement.

Moreover, there are three applications of the product in the market. Firstly, subcutaneous injection is a procedure of inducing medication into the body from under the skin layer as the word subcutaneous is defined. As a minuscule needle is used to vaccinate the medicine into a tissue layer, situated amongst the skin and muscle. Secondly, intramuscular injection is termed as the direct injecting of a drug into a muscle group of the body as through this method, the medication is rapidly taken in by the blood vessels. Intravenous injection is a medication procedure which directly infuses into the bloodstream through a vein. Moreover, recognized as the most rapid ways to get a drug within the body.

COVID-19 Impact: Unprecedented Demand for Vaccination Boosts Sales in the Market

The COVID-19 pandemic ensured in a substantial heave in demand for emergency necessities, medical disposables, medicines, and hospital equipment on a global scale. The COVID-19 pandemic continued to spread worldwide, which led to a surge in the production of COVID-19 vaccines, followed in escalation in demand for the product. As the vaccine could be repeated on a consumer, the product came in handy to keep up with the demanded value in the time period. Furthermore, for prevention of any supply shocks, the product was in a mass production phase hence, boosting the sales recorded in the disposable safety syringes market.

LATEST TRENDS

"Novel Prefilled Syringe Products on the Rise in the Market"

 Developments in prefilled syringes are rocketing the sales in the market. The creative innovations in prefilled syringe products are shielding nurses and pharmacists from direct contact to harmful effects from the substance, since the injection preparation is executed in a sealed environment. Companies are improving on their research and development (R&D) program to implement harmless and efficient medical procedures. Furthermore, several producers have already adopted the selling of prefilled syringes to uplift their customer base and be on track with the markets latest trend.

SEGMENTATION

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• By Type

Based on type; Scalable disposable safety syringes and non-scalable disposable safety syringes

Scalable disposable safety syringes are the leading type

• By Application

Based on application; Subcutaneous injection, intramuscular injection, intravenous injection and others

Intramuscular injection is the leading application

DRIVING FACTORS

"Two-step Disposable Auto Injector Augments Market Growth"

The introduction of two-step disposable auto injector, is a revolutionary advancement because these innovations are the strengthening the progression of the market growth. The two-step disposable auto injector minimizes storage and waste footprint, for both manufacturers and patients and lessening environmental impacts. As it disposes of only the cassette and not the entire injector, which leads to the reduction and generating affordable operational costs. Furthermore, the two-step disposable auto injector are eliminating the factor of rupture and incompatibility with inadequate integrated systems, forcing manufacturers to adopt this product for better productivity and efficiency. Hence, leading towards the disposable safety syringes market growth.

"Innovation of Needle-free Syringes Boosts Market Growth"

Innovations to create needle free syringes is done because, to reduce the amount of disposable syringes dumped in the environment and to improve the consumer experience. Furthermore, needle-free syringes are showing a declining results of needle reuse activities in healthcare industries and have a vital responsibility in managing and reducing the occurrences of cross contamination while providing medication. Moreover, needle-stick wounds do not only contaminate patients, but also risks the exposure of healthcare workers to various forms of blood-borne pathogens. As a result, needle-free syringes are being majorly consumed to supply vaccinations to penetrate accurately into the tissue of patients. The adoption of this product by several producers and companies generates a higher, disposable safety syringes market share.

RESTRAINING FACTORS

"Dumping of Disposable Syringes in the Environment Restricts Market Growth"

This factor leads to the decreasing of sales as companies prefer to be more environmentally and socially responsible, it plays a huge role in maintaining a good customer base. Moreover, as the amount of diseases continue to rise in the world, proportionate rises are seen in the production, consumption and dumping of disposable syringes. The dumping is usually conducted in landfills but it can harm in the environment in several ways as, no vegetation can happen on those grounds, health and safety hazards rise for neighboring areas because that land can become toxic. For these reasons, producers are preferring alternative products to minimize environmental impacts hence, depleting the disposable safety syringes market growth.

REGIONAL INSIGHTS

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"North American Region Capitalizes their Market Position Globally"

North America region leads in the disposable safety syringes industry, owing to the higher amount of vaccinations are consumed in this region as it was the one of the most affected by the COVID-19 pandemic and other diseases. Furthermore, with market penetration, industry players developing advancements in the product, boosting the overall demand for better efficiency and results.

KEY INDUSTRY PLAYERS

The new procedures by market players to enhance functioning and reduce polluting of the disposable syringes, these schemes are vital for survival of market. Furthermore, companies are focusing medication preparation, medication delivery, and other clinical usages and on spreading awareness of getting vaccinated and eventually growing the market by higher volume of sales.

List of Market Players Profiled

• BD (U.S.)
• Cardinal Health (U.S.)
• Smiths Medical (U.S.)
• Terumo Corporation (Japan)
• Retractable Technologies (U.S.)
• Sol-Millennum (U.S.)
• Métier Medical Limited (Australia)
• Medline (U.S.)
• DMC Medical (U.S.)
• Shandong Weigao Group Medical Polymer Products Co., Ltd (China)
• Anhui Tiankang medical Polytron Technologies Inc. (China)
• Jiangxi Sansin Medical Technology Co., Ltd (China)
• Guangdong Haiou Medical Apparatus Co., Ltd (China)

REPORT COVERAGE

This report is inclusive market innovations with driving and restraining factors, key player developments and trends in the market with leads to its growth. Furthermore, technological advancements and fluctuations, highlights, and useful insights how it would influence the market and its growth currently and developments and factors to increase growth in the foreseeable future.