In 2028, the market for plastic syringes is expected to be worth $3.26 billion USD and is expected to expand at a rate of 4.4% CAGR (2022-2032)
The Rising Demand for Plastic Syringes
The Plastic syringes market has experienced significant growth in recent years, owing to the increasing demand for safer and more efficient medical devices. These versatile instruments have become an integral part of healthcare systems worldwide, contributing to the advancement of medical procedures, drug administration, and disease prevention.
As healthcare providers strive to improve patient outcomes and enhance infection control measures, plastic syringes have emerged as a viable solution. This article delves into the Plastic syringes market, shedding light on its evolution, market dynamics, benefits, challenges, and future prospects.
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There are growing occurrences of infectious and chronic diseases across the globe coupled with spike in the number of surgeries. These factors are likely to take the plastic syringes market by storm in the upcoming period. These syringes are simple to manufacture and do help in doing away with sterilization.
Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Plastic Syringes Market’. It has its team of analysts and consultants to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.
Plastic syringes Market: A Paradigm Shift in Healthcare Delivery
The Plastic syringes market is poised for remarkable growth in the coming years, driven by several factors such as technological advancements, increasing prevalence of chronic diseases, rising geriatric population, and the growing need for efficient drug delivery systems. Let’s explore the key aspects of the Plastic syringes market that contribute to its success.
Technological Advancements Fueling Market Growth
The Plastic syringes market has witnessed significant technological advancements, enhancing the safety, functionality, and reliability of these medical devices. Notable innovations include:
- Needlestick prevention mechanisms: Manufacturers have introduced retractable and safety-engineered needles to minimize the risk of accidental needlestick injuries.
- Luer-lock connectors: These connectors provide a secure and leak-proof attachment between syringes and needles, preventing medication leakage during drug administration.
- Graduated markings and clear barrels: Precise dosage measurement and visibility of medication inside the syringe barrel improve accuracy and minimize medication errors.
- Integration of electronic features: Some plastic syringes are equipped with electronic components for automatic dosage calculation, error detection, and data recording.
Challenges and Regulatory Considerations
Despite the numerous advantages, the Plastic syringes market faces certain challenges that need to be addressed:
- Environmental concerns: The disposal of plastic syringes contributes to plastic waste generation, raising environmental sustainability concerns.
- Regulatory compliance: Manufacturers must adhere to stringent regulations and quality standards to ensure the safety and performance of plastic syringes.
- Cost implications: The initial investment required for transitioning to plastic syringes might pose financial challenges for healthcare institutions, especially in low-resource settings.
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“With growing number of surgeries throughout, the global plastic syringes market is bound to grow unabated in the next few years”, says an analyst from Future Market Insights.
Key Takeaways from Plastic Syringes Market
- North America holds the largest market share due to the healthcare vertical expanding at a rapid pace. The US is also witnessing an increase in the number of diabetic patients; which, in turn, would keep the cash registers ringing for plastic syringes market.
- The Asia-Pacific is expected to grow at a notable pace in the plastic syringes market due to increase in awareness about the adverse effects for reused syringes. The governments of countries like India and China are also handsomely investing in plastic syringes.
- Europe holds a remarkable market share due to the SQ (Safety Quotient) related to the usage of plastic syringes.
Market Competition
Some of the key participants present in the global plastic syringes market include
- Becton,
- Dickinson and Company,
- Braun Medical Inc.,
- Gerresheimer AG,
- Terumo Corporation,
- Smiths Medical,
- Hindustan Syringes & Medical Devices Limited,
- NIPRO Corporation,
- Schott AG,
- CODAN Medizinische Geräte GmbH & Co KG and
- CHEMI S.p.A.
Competitive Syringes
- Morimoto Pharmaceuticals, in August 2019, did launch a novel prefilled syringe kit called ‘Morimoto S.A.F.E. Syringe Kit (Smart Accident Prevention, fast & Easy).
- Medfusion 4000 syringe infusion pump comes across as one of the wireless smart pumps used for safe and precise medication delivery in the CCUs (critical care units) inclusive of pediatric and neonatal intensive care.
- Scott AG has its SCHOTT TOPPAC made from COC polymer. It’s an inert, transparent, light, and does offer curtailed risk of breakage, with option of integrated LLA (Luer Lock Adapter) and bigger syringe volumes.
Opportunities
The plastic syringes market also presents several opportunities for growth and innovation. Some of the major opportunities include:
- Technological Advancements- Technological advancements in the field of medical devices are creating new opportunities for growth in the plastic syringes market. For instance, the development of advanced materials such as silicones and polymers could lead to the production of more advanced plastic syringes with improved properties such as resistance to high temperatures and improved safety.
- Emerging Markets- The growing demand for medical devices in emerging markets such as Asia Pacific and Latin America presents a significant opportunity for the plastic syringes market. These regions have large populations and a high burden of disease, which in turn, increases the demand for medical interventions such as drug administration, blood collection, and vaccination.
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