The plastic syringe market is likely to grow with a global market size of US$ 3.6 billion by 2023. From 2023 to 2033, plastic syringe sales may advance at a 5.2% CAGR. The disposable syringe market may be valued at US$ 6.1 billion by 2033.
As the use of injectable medications continues to spread, plastic syringe manufacturers find themselves at the forefront of a burgeoning market ripe with opportunities. With the growing prevalence of injectable treatments across various medical fields, from healthcare facilities to home healthcare settings, the demand for high-quality, reliable syringes is on the rise.
Plastic syringe manufacturers are positioned to capitalize on this trend by providing innovative, cost-effective solutions that meet the evolving needs of healthcare providers and patients alike. From precision-engineered syringes for medical professionals to user-friendly designs for self-administration, manufacturers are adapting to cater to diverse requirements. This increasing demand not only presents significant growth prospects for plastic syringe manufacturers but also underscores their crucial role in facilitating effective and efficient healthcare delivery worldwide.
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The Role of Plastic Syringe in Fulfilling Healthcare Demand
Plastic syringe sales have risen dramatically due to the rising prevalence of chronic diseases. A consistent plastic syringe supply for drug administration is required due to increased healthcare needs. Plastic syringes are crucial in satiating the healthcare demand since they are adaptable and affordable.
Recognizing the link between disease prevalence and syringe need for business executives highlights the ongoing plastic syringe demand. Strategic planning, quality control, and effective distribution are crucial to supply the rising demand for plastic syringe in healthcare systems.
Asia Pacific’s Economic Expansion Strengthens Disposable Syringe Market
Asia Pacific controls most of the global plastic syringe market because of substantial economic expansion and expanding healthcare facilities. The enormous population of the region, especially in China and India, feeds a high demand for medical services, which promotes the adoption of plastic syringe.
India plastic syringe market is to exhibit a CAGR of 6.5% through 2033. India’s market strength is anchored in the size of its population, which induces substantial demand for healthcare services and goods.
Vietnam and Thailand are popular industrial hubs due to their efficient production costs. The market growth for plastic syringe is fueled by strict regulations and rising healthcare costs, which attracts enterprises as an investment opportunity.
“The plastic syringe market is augmenting steadily due to rising demand in the healthcare and pharmaceutical sectors. Market growth for plastic syringes is aided by cost-effectiveness, safety, and ease of use. The disposable syringe market may blossom, with new materials and designs to strengthen its appeal to healthcare professionals and manufacturers.” Comments an analyst at FMI.
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Key Takeaways
- The polypropylene segment in the material category to grab a share of 35.3% from 2023 to 2033.
- In the application category, the insulin syringe segment to acquire a market share of 37.1% between 2023 and 2033.
- The United States plastic syringe market to exhibit a CAGR of 2.8% by 2023.
- Canada disposable syringe market is to exhibit a CAGR of 3.9% by 2023.
- Germany syringe and needle market to register a CAGR of 2.3% by 2023.
- Japan disposable syringe market to record a CAGR of 3.2% by 2023.
- Thailand syringe and needle market to develop at a CAGR of 5.5% by 2023.
- China plastic syringe market is to accelerate at a CAGR of 5.9% through 2033.
- South Korea syringe and needle market is to experience growth at a CAGR of 4.6% from 2023 to 2033.
- The United Kingdom disposable syringe market to evolve at a CAGR of 4.4% through 2033.
Competitive Landscape
The plastic syringe manufacturers are to begin mass production, and companies active in the market are ceasing their efforts to get their products approved. Preventing accidental needle stick injuries in healthcare settings is a critical issue that disposable syringe manufacturers are concerned with.
Key manufacturers are enhancing their research and development capacities to introduce secure medical procedures, which may accelerate market growth in plastic syringe.
Noteworthy Developments
- To support the KinetiX syringe, a ready-to-administer platform comprised of plastic, Genixus planned to construct a 30,000-square-foot manufacturing facility in North Carolina, the United States, in March 2023. The facility would be supplied with automated production equipment.
- In May 2022, SCHOTT Pharma officially opened its new production plant in Müllheim, Germany, for pre-fillable syringes made of premium polymer.
- Terumo Pharmaceutical Solutions unveiled a ready-to-fill polymer syringe with a greater volume for complex biotech medications in October 2022.
Key Segments
By Material Type:
- Plastic
- Polyethylene
- Polypropylene
- Glass
By Administration Route:
- Hypodermic Syringe
- Oral Syringe
By Application:
- Tuberculin Syringe
- Insulin Syringe
- Prefilled Syringe
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- The Middle East and Africa
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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