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Global Disposable Syringes Market to Grow at a CAGR of 5.1% During 2021-2026, Driven by the Rapidly Increasing Geriatric Population

According to a new report by EMR titled, ‘Global Disposable Syringes Market Report and Forecast 2021-2026’, the market attained a value of about USD 6.05 billion in 2020. The industry is further expected to grow at a CAGR of 5.1% in the forecast period of 2021-2026 to reach a value of USD 8.15 billion by 2026.

The disposable syringes industry is being aided by the increasing immunisation programmes, especially for children, and the regular usage of disposable syringes in the healthcare sector. Additionally, the growing innovations, rapidly growing population, and increasing awareness of blood borne diseases are also expected to boost the growth of the market in the forecast period. The COVID-19 outbreak has also led to an increase in demand for disposable syringes as most of the diagnostic and therapeutic techniques require disposable syringes. Moreover, the increasing adoption of injectable drugs and the high risk of infections associated with reusable syringes are also supplementing the market growth. The rapidly increasing geriatric population, growing prevalence of diabetes, and a subsequent rise in demand for regular insulin injections to control blood sugar levels are the key factors predicted to contribute to the market growth.

The Asia Pacific market for disposable syringes is predicted to witness a healthy growth during the forecast period. The improving economic condition, growing awareness regarding the advantages of disposable syringes, and the presence of a large pool of patients suffering from various chronic diseases are anticipated to drive the market in the Asia Pacific region.

The capacity expansion by the major players to meet the rising demand for syringes is expected to aid the market. For instance, in May 2021, Becton, Dickinson and Company (NYSE: BDX) was recognised by the World Vaccine Congress with the 2021 Best Production/Process Development Award for its ability to extend its capacity to provide prefillable syringes and disposable syringes required for COVID-19 vaccinations. Such developments are expected to further propel the market growth in the forecast period.

Market Analysis by Product Type, Application, and Region:

  • The market on the basis of product type can be divided into conventional disposable syringes and safety disposable syringes.
  • Based on application, the industry can be bifurcated into immunisation injections and therapeutic injections.
  • The regional markets for disposable syringes include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for disposable syringes is being driven by a rise in the number of individuals suffering from diabetes.
  • The industry is receiving a further impetus with the rising prevalence of chronic diseases and the growing rate of hospitalisation across the world.
  • The rapidly growing geriatric population is expected to further propel the market growth.
  • The increasing adoption of injectable drugs has significantly contributed to the market expansion.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for disposable syringes for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product types, applications, and regions of disposable syringes.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global disposable syringes market are Baxter International Inc., Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, HENKE-SASS WOLF, and Nipro Medical Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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