In
general, a syringe is an instrument used to insert or extract a solution from a
larger body. It is usually operated by a piston pump system, which is the main
method of patients by doctors or nurses. The main difference between a normal
syringe and the disposable syringe is that disposable syringe is only allowed
to be used once, and then discarded to avoid contamination and speed up medical
care. In addition, since the syringe is very safe to use for it is disposable
and avoids post-disinfection.
Disposable
syringes can be divided into conventional syringes and safety syringes
according to their different types. Conventional syringes are
available with and without an attached needle. Syringe-needle combinations
feature a clear barrel with a bold scale. Disposable syringes with a slip tip
can be fitted with either a conventional needle or safety needle. A safety
syringe has a safety mechanism built and is designed to prevent needle stick
injuries. Commonly the mechanism either places a sheath over the needle or the
needle retracts into the body of the syringe.
Disposable syringes have a very wide range of applications. In the medical profession, a syringe plays an important role. Medical professionals can use various types of syringes to draw blood, vaccinate, inject insulin, and anesthetize according to specific conditions. It is a simple pump consisting of a plunger that fits tightly in a tube and the plunger can be pulled and pushed along inside a cylindrical tube which allows the syringe to take in and expel a liquid or gas through an orifice at the open end of the tube that may be fitted with a hypodermic needle, a nozzle or tubing. In addition, the application areas of disposable syringes also include non-medical industries such as chemical, food, and agriculture, but the market is small, with a market share of only 7.75% in 2019.
Prospect Analysis of Disposable Syringe Industry in Various Regions
The United States is the most developed economy in the world. It has a good business environment, huge consumer demand, and a complete medical system, which provides the disposable syringe market with operating freedom and stable downstream demand. Therefore, the United States had become the largest revenue market with a market share of 42.37% in 2015 and 41.53% in 2019, a decrease of 0.84%. In 2019, the Europe market share was 26.25%, ranking second. In addition, China is expected to be the growing market.
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Disposable syringe companies are mainly from USA with the moderate industry concentrate rate. The top three companies are Becton, Dickinson and Company, Gerresheimer AG, Weigao Group with the revenue market share of 15.84%, 4.01% and 2.53% in 2019.
The European region has complete medical supporting facilities and advanced science and technology, which can provide a good foundation for the production of disposable syringe products. Secondly, because there are a large number of developed countries in Europe, consumers have very strong spending power and high requirements for health. Thus the European is also a huge market for disposable syringes.
Many low-end products and raw materials in Japan are imported from abroad, especially in the fields of medical care, health care, and nursing. Apart from Japan, China and India have undoubtedly become the two largest manufacturers and exporters of disposable medical devices in Asia.
Chinese medical production industry started relatively late, but rapid economic development, increasing social aging, and increasing awareness of human health care has driven the rapid development of Chinese disposable syringe market. Such medical device industry has become one of the basic industries of Chinese national economy. At this stage, due to Chinese large population, large room for improvement in the healthcare system, growth in healthcare investment, adjustment of medical consumption structure, and improvement of the healthcare system are accelerating the development of the disposable syringe market, so the potential market is still very broad, which will become the huge development opportunities of Chinese disposable syringe in the future.
The huge working population and a large number of middle-income earners constitute the basis for the rapid development of India medical device industry. As the world accelerates the development of vaccines to deal with the new crown epidemic, the demand for disposable syringes and other medical necessities is expected to surge. India largest syringe manufacturer hindustan syringe company is expanding its production capacity, and the market will develop rapidly in the short term.
Continuous Market Demand Will Promote the Sustainable Development of the Disposable Syringe Market
The growth of the disposable syringe market is driven by the downstream demand market. Long-term urbanization, industrialization and globalization in developed countries have brought about lifestyle changes, including smoking, lack of physical activity and unhealthy diet, which may lead to many chronic diseases. At the same time, on a global scale, the degree of aging is deepening, and chronic diseases such as diabetes are becoming the main reason for the increase in global mortality. The increase in the number of patients has driven the development of the disposable syringe market.
The
global disposable syringe market has a total revenue of 5578.6 Million USD back
in 2015, and increased to 7092.1 Million USD in 2019. We made the prediction
that the value of disposable syringe markets can be 11050.9 Million USD by
2026. The CAGR of disposable syringe is 6.05% from 2021 to 2026.
At
present, the global disposable syringes generally use PVC as the raw material,
which has the advantages of excellent comprehensive physical and mechanical
properties, low price, and simple production process. Except during the
COVID-19 pandemic, the price of PVC fell slightly in a short period of time due
to the pandemic. In general, the price of raw materials is relatively stable,
which is conducive to the sustainable development of the disposable syringe
market.
With the
development of the global economy and the increasing population, the market
potential of disposable syringes will continue to expand. At the same time, the
coverage of the global medical system continues to expand, so the demand market
for disposable syringes will become broader. However, the profit margin of
disposable syringe products is relatively low. In order to reduce production
costs, companies must conduct large-scale production to produce better quality
and more affordable products.
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