Disposable Syringes Market to reach US$ 14.4 Bn by 2030

TMR’S report on the global disposable syringes market studies past as well as current growth trends and opportunities to gain valuable insights of the indicators for the said market during the forecast period from 2024 to 2030. The report provides the overall market value of the global disposable syringes market for the period of 2018 to 2030, with 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global disposable syringes market for the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involves bulk of research efforts, wherein analysts carry out interviews with key opinion leaders, industry leaders, and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global disposable syringes market.

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Global Disposable Syringes market Witness Most Promising Rise in Demand

Groundbreaking innovations such as the introduction of two-step disposable autoinjector devices are bolstering the growth of the global disposable syringes market. For instance, leading medical technology company BD (Becton Dickinson and Company), announced the launch of BD Intevia 1mL, which is a two-step push-on-skin device that safely injects a variety of drugs. Such innovative products are contributing toward the expansion of the disposable syringes market, which is expected to reach ~US$ 14.4 Bn by 2030.

The disposable syringes market is expected to progress at a robust CAGR of ~7% during the forecast period. This is evident due to the high prevalence of needlestick injuries worldwide. However, several millions of disposable syringes end up in trash dumps and landfills, resulting in increased environmental waste. Hence, companies in the disposable syringes market are innovating in needle-free injectors in order to eliminate environmental risks and improve patient experience.

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The future needs of inoculation procedures involving vaccines during the ongoing COVID-19 pandemic era are fueling the demand for disposable syringes. Companies in the disposable syringes market are increasing their production capabilities to manufacture dual-chamber syringes that are designed for co-delivery of two drugs. The concept of specialty syringe production is growing popular in the market landscape. However, design and manufacturing challenges in specialty syringes such as the product’s complex mechanism as compared to standard syringes, are posing as a hurdle for manufacturers. Hence, manufacturers should utilize the computer-aided design (CAD) geometry to overcome molding constraints in specialty syringes. They should conduct design reviews that involve risk evaluation of designs for specialty syringes.

Key Players of Disposable Syringes Market Report:

The disposable syringes market report concludes with the company profiles section that includes key information about the major players in the market

Key players analyzed in the global disposable syringes market report are : Becton, Dickinson and Company (BD), Injex Surgical Industries, McKesson Medical-Surgical Inc, NIPRO Medical Corporation, PiSA Farmacéutica, Sol-Millennium Medical, Inc., Baxter International Inc, Terumo Medical Corporation, Smiths Group PLC, B. Braun Melsungen AG

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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