Global Disposable Syringes Market to Grow with a CAGR of 7.5% During 2022-2031; Market to Grow on Account of Rising Awareness for the Benefits Associated with the Use of the Product
Kenneth Research published a report titled “Disposable Syringes Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global disposable syringes market in terms of market segmentation by type, syringe tip, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global disposable syringes market is anticipated to grow with a CAGR of 7.5% during the forecast period, i.e., 2022-2031. The market is segmented by type into general/conventional syringes, safety syringes, and pre-filled syringes. Out of these, the safety syringes segment is projected to garner the largest revenue of USD 12644.4 Million by the end of 2031. Additionally, in the year 2021, the segment generated a revenue of USD 6232.6 Million.
The global disposable syringes market is estimated to garner a revenue of USD 18548.0 Million by the end of 2031, up from a revenue of USD 9061.4 Million in the year 2021. Increasing elderly population globally, followed by the surge in the prevalence of infectious diseases, such as the COVID-19 pandemic, and the numerous benefits associated with the use of disposable syringes are some of the major factors anticipated to drive the growth of the market in the coming years.
Geographically, the global disposable syringes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest revenue of USD 8754.7 Million by the end of 2031. Additionally, in the year 2021, the market in the region generated a revenue of USD 4286.0 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Prevalence of Chronic Diseases to Drive the Market Growth
The World Health Organization (WHO), in one of its statistics, stated that each year 41 Million people, which is equivalent to 71% of total deaths globally, are known to die as a result of noncommunicable diseases (NCDs).
Backed by the surge in the prevalence of different types of chronic diseases the demand for drug delivery systems, such as disposable syringes is on the rise. Besides this, the numerous benefits associated with the use of disposable syringes, along with the rising prevalence of different types of infectious diseases are also projected to drive the market growth.
However, the availability of advanced drug delivery systems, along with the technical issues with pre-filled syringes are expected to operate as key restraint to the growth of global disposable syringes market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global disposable syringes market which includes company profiling of KAWAMOTO CORPORATION, Baxter International Inc., Becton, Dickinson, and Company, NIPRO Corporation, Terumo Corporation, Nemoto Kyorindo Co., Ltd., B. Braun Melsungen AG, Cardinal Health, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global disposable syringes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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