Disposable Syringes Market Size (2024 - 2029)

Disposable Syringes Market Analysis

The Disposable Syringes Market size is estimated at USD 15.77 billion in 2024, and is expected to reach USD 24.86 billion by 2029, growing at a CAGR of 9.53% during the forecast period (2024-2029).

The disposable syringes market witnessed a significant growth disruption due to the COVID-19 pandemic. The heightened transmissibility of the SARS-CoV-2 virus led to a surge in disposable syringe usage. Additionally, the market witnessed a substantial uptick in the latter stages of the pandemic, driven by the rollout of multiple COVID-19 vaccines. For instance, in July 2022, the United States Department of Health and Human Services (HHS) secured 3.2 million doses of Novavax's COVID-19 vaccine in conjunction with the Department of Defense. This procurement highlighted the urgent need for a vast quantity of disposable syringes to inoculate a large patient population, further fueling market expansion. Overall, the pandemic underscored the critical role of disposable syringes in public health, significantly boosting the market’s growth.

Factors such as increasing activities by various NGOs to raise awareness of the use of disposable syringes, the need to control the spread of diseases like HIV, and the rising demand for disposable syringes are expected to boost the market's growth during the forecast period.

Government bodies and NGOs have implemented needle exchange programs, providing a structured approach to dispose of used syringes safely. In a notable instance, in February 2023, the Michigan Department of Health and Human Services, in collaboration with Vital Strategies and researchers from the Bloomberg School of Public Health's Bloomberg Overdose Prevention Initiative, interviewed syringe services program operators across Michigan. The aim was to identify the primary factors contributing to the state's sudden surge in service availability. These initiatives promote responsible syringe use and alleviate concerns around their disposal, consequently driving up the demand for disposable syringes in the coming years.

Additionally, the high burden of infectious diseases, such as HIV infection, which may spread through reused syringes among the population, raises the demand for disposable syringes. This, in turn, is expected to propel the market’s growth during the forecast period. For instance, as per the global HIV Statistics published by the World Health Organization, by the end of 2023, approximately 39.9 million individuals were living with HIV, whereas 1.4 million were children (aged 0–14), and the remaining 38.6 million were adults (15 years and older). Besides, according to the data published by HIV.gov in June 2023, it was observed that sharing and reusing needles, syringes, or other injection equipment may increase the risk of getting or transmitting HIV or hepatitis B and C. Hence, to prevent the spread of such deadly diseases, the utilization of disposable syringes is expected to rise, thus contributing to the market's growth.

The companies' rising focus on adopting key strategic activities, such as partnerships, agreements, and new product launches, is expected to increase the availability of disposable syringes in the market. For instance, in May 2022, Sharps Technology Inc. patented the single-use smart safety syringe products and announced that it completed the acquisition of Safeguard Medical's syringe manufacturing facility in Hungary. Such instances are expected to contribute to the market's growth.

Therefore, owing to the rising government initiatives, the higher risk of acquiring infectious diseases, and increasing company activities, the market studied is expected to grow during the forecast period. However, the comparatively high one-time cost and stringent regulatory regulations are expected to hinder the growth of the disposable syringes market during the forecast period.

Disposable Syringes Market Industry Segmentation

As per the scope of this report, disposable syringes refer to single-use syringes disposed of after single use. Disposable syringes eliminate the need for sterilization as they are intended for single-use, and commercial versions come pre-sterilized.

The disposable syringes market is segmented by type, end users, and geography. By type, the market is segmented into conventional syringes and safety syringes. By safety syringes, the market is segmented into retractable safety syringes and non-retractable safety syringes. By end user, the market is segmented into hospitals, diagnostic laboratories, and other end-users. The report offers the market size in value terms in USD for all the abovementioned segments.