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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.
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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.
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