Single-Use Syringe Market Forecast and CAGR
Increased prevalence of chronic diseases, increased healthcare spending, growing lifestyle-related disorders, and other critical factors are driving factor of Single-Use Syringe, it is forecasted that the market will show a CAGR of 8 to 9% in the forecast period 2021-2031.
Historically, the market saw a steady growth in the analytic period 2016-2020, with 2020 creating record high sales, and is projected to show optimistic growth outlook in the long run.
What is Driving Demand for Single-Use Syringe?
According to WHO estimates, around 16 billion injections are given worldwide each year. Other important reasons driving market growth include the need for reuse prevention syringes that must be thrown after one use to prevent the transmission of infectious diseases and cross contamination among patients.
The rising number of patients visiting hospitals and clinics, as well as the necessity to collect blood samples for various tests, are likely to fuel demand for reuse prevention syringes in hospitals, clinics, and pathological laboratories.
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Asia Market Growth Outlook
In Asia, countries such as China and India are anticipated to account for significant shares in the market, as these countries have prominent manufacturers of medical equipment and thus, offer lucrative opportunities for the development of the sales for the syringes in the market during the forecast period. With manufacturers like Nipro, Hindustan Syringes & Medical Devices and Terumo producing billions of syringes each year makes the market one of the largest producer as well as consumer of single-use syringes.
With the advent of the pledge taken by India in 2018 to replace the currently prevalent disposable injections with reuse prevention syringes by 2020 made India a dominating market for single use prevention syringe.
Who are the Key Manufacturers and Suppliers of Single-Use Syringe?
Some of the leading manufacturers and suppliers of Single-Use Syringe are
- Baxter International Inc.
- Becton
- Dickinson and Company
- Cardinal Health
- Braun Imaxeon Pty
- Becton
- Feel Tech
- Hindustan Syringes & Medical Devices
- Covidien
- Henke-Sass Wolf
- Nipro Medical Corporation
- Novo Nordisk A/S
- Retractable Technologies, Inc.
- Terumo
- Vita Needle Company
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Single-Use Syringe Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
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By Product Type
- Conventional Disposable Syringes
- Safety Disposable Syringes
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By Syringe Tip
- Luer-Lock Tip
- Slip-Tip
- Eccentric Tips
- Catheter Syringe Tips
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By Application
- Immunization Injections
- Therapeutic Injections
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By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- Italy
- France
- U.K.
- Spain
- BENELUX
- Russia
- Nordics
- East Asia
- China
- Japan
- South Korea
- South Asia and Pacific
- India
- ASEAN Countries
- Oceania
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- GCC Countries
- Turkey
- Northern Africa
- South Africa
- North America
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