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)
Plastic syringes have gained immense popularity in recent years due to their convenience, cost-effectiveness, and ease of use. These syringes are widely used in healthcare facilities for drug administration, vaccination, blood collection, and other medical procedures. The increasing demand for disposable medical devices, rising prevalence of chronic diseases, and growing awareness about infection control are some of the major factors driving the growth of the plastic syringes market. This article provides a comprehensive overview of the plastic syringes market, including market trends, growth factors, challenges, opportunities, and future outlook.
Polyethylene and polypropylene are amongst plastic materials commonly used to produce plastic syringes. Syringes as well as their materials need to fulfil several tests inclusive of water permeability, transparency, cytotoxicity, and leakage prior to putting into use.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9211
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.
Growth Factors
The plastic syringes market is expected to grow significantly in the coming years due to the following growth factors:
- Increasing Demand for Disposable Medical Devices- The increasing demand for disposable medical devices is one of the major factors driving the growth of the plastic syringes market. Disposable medical devices offer several advantages over reusable devices, such as reduced risk of infection, improved safety, and cost-effectiveness. Plastic syringes are widely used as disposable medical devices in healthcare facilities, owing to their convenience, ease of use, and lower cost.
- Rising Prevalence of Chronic Diseases- The rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is another major growth factor for the plastic syringes market. These diseases require frequent medical interventions, such as drug administration, blood collection, and vaccination, which in turn, increases the demand for plastic syringes. According to the World Health Organization,
- Growing Awareness About Infection Control- The growing awareness about infection control is also driving the growth of the plastic syringes market. Infection control is a crucial aspect of healthcare, and the use of disposable medical devices such as plastic syringes can help reduce the risk of healthcare-associated infections (HAIs). Plastic syringes offer several advantages over glass syringes in terms of infection control, such as the ability to discard them after single use and reduced risk of breakage.
Challenges
Despite the growth prospects, the plastic syringes market also faces several challenges that could impede its growth. Some of the major challenges include:
Environmental Concerns- The increasing use of plastic syringes has raised concerns about their environmental impact. Plastic waste is a major environmental concern, and the disposal of plastic syringes can contribute to the accumulation of plastic waste in landfills and oceans. This has led to calls for more sustainable alternatives to plastic syringes.
Availability of Alternatives- The availability of alternatives to plastic syringes is another challenge faced by the market. Glass syringes, for instance, offer several advantages over plastic syringes in terms of durability and reusability. In addition, there is growing interest in the development of biodegradable and eco-friendly materials for medical devices, which could further reduce the demand for plastic syringes.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9211
“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.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/9211
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com