Market Industry Reports (MIR) has published a new report titled “Disposable Syringes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global disposable syringes market is estimated to be over US$ 6.5 Bn in 2018. It is anticipated to grow at a CAGR of 5.1% from 2019 to 2030.
Increasing adoption of disposable syringes can be attributed to rising awareness, disposable incomes, and implementation of advanced drug delivery technologies. Moreover, rising prevalence of chronic disorders is anticipated to contribute substantially to the growth of the global disposable syringes market between 2019 and 2030. Several organizations have entered into strategic collaborations with manufacturers for research and development of efficient drug delivery techniques. For instance, PharmaJet, the drug-delivery technology company collaborated with the organization, Path, for evaluation of several drug delivery techniques and subsequently develop programs for country level immunization. However, needle stick injuries are one of the major restraining factors affecting the growth of the market. Nurses in hospitals are most likely to suffer from needle stick injuries. According to a study conducted by Shiraz University of Medical Sciences (SUMS) Iran, most of the needle stick injuries are from Hollow-bore needles and most common among nurses.
Major Players in the Disposable syringes Market
The prominent players in the global disposable syringes market are Smiths Medical, Star Syringe Limited, B. Braun Medical Inc., Baxter, TERUMO CORPORATION, Retractable Technologies, BD, Gerresheimer AG, Fresenius Kabi AG, and UltiCare among others
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