Blog

Oct 24, 2024

U.S. Disposable Syringes Market Analysis 2024-2030: Rising Vaccine Demand and Growing Adoption of Self-Administered Drug Solutions

U.S. Disposable Syringes Market Dublin, Oct. 04, 2024 (GLOBE NEWSWIRE) -- The "U.S. Disposable Syringes Market Size, Share & Trends Analysis Report by Product (Conventional Syringes, Safety Syringes),

U.S. Disposable Syringes Market

Dublin, Oct. 04, 2024 (GLOBE NEWSWIRE) -- The "U.S. Disposable Syringes Market Size, Share & Trends Analysis Report by Product (Conventional Syringes, Safety Syringes), Application (Immunization Injections, Therapeutic Injections), and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.The U.S. disposable syringes market size is expected to reach USD 3.69 billion by 2030 and is anticipated to register a 5.5% CAGR

The market is expected to grow due to increasing demand for vaccines along with growing adoption of self-administration of drugs, increasing adoption of safety syringes, and technological advancements, are supporting the market growth of U.S. disposable syringes.

The COVID-19 pandemic is anticipated to have a significant effect on the disposable syringe business in the U.S. The SARS-CoV-2 pandemic has caused a considerable increase in demand for hospital supplies, emergency supplies, medical disposables, and medications. Due to COVID-19, there has been an increase in COVID-19 vaccine production, which has led to an increase in demand for disposable syringes made in the U.S.

In January 2020, in the U.S. alone, the Biomedical Advanced Research and Development Authority (BARDA) projected that 650 million to 850 million needles and syringes would be required to administer a vaccination. Therefore, the COVID-19 outbreak has immensely impacted medical disposables market and is considered to be a highly effective driver for U.S. disposable syringes market.Moving forward, organizations like United Nations Children's Fund (UNICEF) aimed to purchase 1 billion syringes by the end of 2021 for COVID-19 vaccination operations in COVAX Facility nations. The syringes will all be of the auto-disable (AD) type, as permitted by the World Health Organization, notwithstanding the fact that the vaccines secured by the Facility may vary in their composition and storage needs. As a result, market growth is expected to accelerate in the near future.U.S. Disposable Syringes Market Report Highlights

On the basis of product, disposable syringes market has been segmented into conventional and safety syringes. Safety syringes segment held the largest share of around 64.5% in 2023 and is anticipated to witness a significant growth over the forecast period, owing to the various advantages, such as safety and easy to use, associated with this product.

On the basis of application, the therapeutic injection segment held the largest market share of around 86.2% in 2023, owing to the increasing awareness towards blood donation and high prevalence of diseases such as HIV infection, tuberculosis malaria, and dengue in the country.

California disposable syringes market is expected to witness the fastest growth rate over the forecast period. Factors that can be attributed to market growth include growing geriatric population, increasing number of surgeries, and rising expenditure on healthcare.

Companies Featured

Medtronic

Nipro Corporation

Fresenius Kabi Ag

Baxter International, Inc.

Braun Medical, Inc.

Becton, Dickinson And Company (Bd)

Flextronics International Vita Needle Company

Terumo Corporation

Novo Nordisk

Ultimed, Inc.

Henke-sass, Wolf

Retractable Technologies, Inc.

Key Attributes:

Report Attribute

Details

No. of Pages

110

Forecast Period

2023 - 2030

Estimated Market Value (USD) in 2023

$2.55 Billion

Forecasted Market Value (USD) by 2030

$3.69 Billion

Compound Annual Growth Rate

5.5%

Regions Covered

United States

Key Topics Covered: Chapter 1 Methodology and ScopeChapter 2 Executive Summary2.1 Market Outlook2.2 Segment Outlook2.3 Competitive InsightsChapter 3 Disposable Syringes Market Variables, Trends & Scope3.1 Market Lineage Outlook3.1.1 Parent Market Outlook3.1.2 Ancillary Market Outlook3.2 Penetration & Growth Prospect Mapping3.3 User Perspective Analysis3.3.1 Consumer Behavior Analysis3.3.2 Market Influencer Analysis3.4 List of Key End Users3.5 Market Dynamics3.5.1 Market Driver Analysis3.5.1.1 Increase in the Prevalence of Chronic Diseases3.5.1.2 Increase in the Number of Surgical Procedures3.5.1.3 Impact of COVID-19 Outbreak3.5.1.4 Increasing Initiatives by Governments and Organizations3.5.2 Market Restraints Analysis3.5.2.1 Stringent Government Regulations3.5.2.2 Product Recalls3.6 Disposable Syringes: Market Analysis Tools3.6.1 Industry Analysis - Porter's Five Forces3.6.2 Swot Analysis, by Pest3.7 Impact of COVID-19 on Market & Post Pandemic InsightsChapter 4 U.S. Disposable Syringes Market: Segment Analysis, by Product, 2018-2030 (USD Million)4.1 Definition and Scope4.2 Product Market Share Analysis, 2023 & 20304.3 Segment Dashboard4.4 U.S. Disposable Syringes Market, by Product, 2018 to 20304.5 Market Size & Forecasts and Trend Analyses, 2018 to 20304.5.1 Conventional Syringes4.5.2 Safety Syringes4.5.2.1 Safety Syringes Market, 2018-2030 (USD Million)4.5.2.1.1 Retractable Safety Syringes4.5.2.1.2 Non-retractable Safety SyringesChapter 5 U.S. Disposable Syringes Market: Segment Analysis, by Application, 2018-2030 (USD Million)5.1 Definition and Scope5.2 Application Market Share Analysis, 2023 & 20305.3 Segment Dashboard5.4 U.S. Disposable Syringes Market, by Application, 2018 to 20305.5 Market Size & Forecasts and Trend Analyses, 2018 to 20305.5.1 Immunization Injections5.5.2 Therapeutic InjectionsChapter 6 U.S. Disposable Syringes Market - Competitive Analysis6.1 Recent Developments & Impact Analysis, by Key Market Participants6.2 Company Categorization6.2.1 Innovators6.2.2 Market Leaders6.3 Vendor Landscape6.3.1 Key Company Market Share Analysis, 20216.3.2 Major Deals and Strategic Alliances6.3.2.1 New Product Launch6.3.2.2 Expansion6.3.2.3 Acquisition6.3.3 Market Entry Strategies6.4 Company Profiles6.4.1 Company Overview6.4.2 Financial Performance6.4.3 Product Benchmarking6.4.4 Strategic InitiativesFor more information about this report visit https://www.researchandmarkets.com/r/nhmw8o

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

U.S. Disposable Syringes Market

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900