Disposable Syringe Market Key Players, Growth Opportunities and Industry Forecast till 2023
“The factors that are playing a major role in the growth of disposable syringe market are the rising investment in R&D sectors, the high demand for biologics, and the growing demand from the healthcare sector�
Global disposable syringe market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. A syringe is a piece of medical equipment mainly used to manage injections of intravenous drugs into the bloodstream or to take a blood sample from a patient. Disposable syringes are the medical equipment primarily used in combination with hypodermic needles to remove or inject liquids from the body. It also helps to reduce the risk of spreading blood-borne diseases. The factors that are playing a major role in the growth of disposable syringe market are the rising investment in R&D sectors, the high demand for biologics, and the growing demand from the healthcare sector. However, the presence of alternatives may restrain the overall market in the years to come. The market is segmented based on type, application, and region. Safety syringes, conventional syringes, and other types could be explored in the disposable syringe market in the forecast period. Safety syringes sector comprise auto-disable, automatic retractable, non-retractable, and manually retractable syringes. On the other hand, conventional syringes sector comprise without needles and with needles. Safety syringe sector accounted for the substantial market share of disposable syringe and is estimated to lead the overall market in the years to come.