Disposable Syringes Market, By Product Type (Safety Syringes (Automatic Retractable, Manual Retractable, Non-retractable), and Conventional Syringes (Syringes without Needle, Syringes with Needle)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2023

Code : CMI3778

Pages :135

Formats :

Excel and PDF

Industry : Medical Devices

Disposable Syringes MarketSize and Trends

The global Disposable Syringes Market is estimated to be valued at US$ 8.8 billion in 2023 and is expected to exhibit a CAGR of 6.6% during the forecast period (2023-2030).

Global Disposable Syringes Market - Market Trends

Increase in Geriatric population

According to CDC (Centers for Disease Control and Prevention), adults aged 65 years and above are more likely to acquire heart disease, COPS, diabetes, cancer, neurological problems, and other chronic illnesses. Patients with such illnesses require emergency and nonemergency hospital services which is expected to spur the market growth soon. For instance, in 2020, according to Front. Public Health in 2020, Ischemic heart disease, stroke, chronic obstructive pulmonary disease (COPD), and type 2 diabetes are the most prevalent chronic NCDs in China among persons aged 60. Additional factors driving market growth include the ongoing development of medical infrastructure as well as rising public and private sector investments to encourage the use of safer and more affordable healthcare solutions.

Market Trends

Increasing inorganic growth strategies by market players is expected to propel growth of the global disposable syringes market over the forecast period. For instance, in December 2022, Sharps Technology, Inc., announced the signing of a distribution agreement with partner Nephron Pharmaceuticals.