Growing prevalence of chronic diseases, especially diabetes, increasing adoption of injectable drugs, growing number of vaccination and immunization programs are expected to drive the India Disposable Syringes market during the forecast period.
According to TechSci Research report, “India Disposable Syringes Market By Type (Conventional Syringes (Normal Slip Tip Syringes, Luer Lock Syringes, Catheter Tip Syringes, Eccentric Tip Syringes), Pre-filled Syringes (Needle-free Pre-filled Syringes and Needled Pre-filled Syringes), Safety Syringes (Retractable Safety Syringes and Non-Retractable Safety Syringes)), By Application (General Surgery, Diagnostic, Therapeutic, Respiratory, Orthopedics, Cardiovascular, Dental, Others), By End User (Hospitals, Diagnostic Laboratories, Blood Banks, Pharmaceutical Industry, Vaccination, Veterinary Purposes, Others), By Material (Glass, Polymer), By Region, Forecast & Opportunities, FY2026”, India Disposable Syringes market was valued at USD888.40 million in FY2020 and is forecast to grow at a CAGR of 13.28% in value terms to reach USD1,828.20 million by FY2026.
Key factors propelling the growth of the India Disposable Syringes market include the growing prevalence of various chronic diseases, especially diabetes, which requires treatment using disposable syringes, are also acting as major growth drivers for this market. Moreover, increasing expenditure on healthcare and rising number of hospitals and clinics are also driving the growth of the India Disposable Syringes market. Also, increasing demand for COVID 19 vaccines is expected to fuel the market growth through FY2026.
Additionally, the development of self-injection devices is also creating a profitable opportunity for disposable syringes manufacturers. The increasing cases of infectious diseases, including COVID-19, are also creating a high demand for disposable syringes around the world. Also, various government organizations are offering funding to companies for manufacturing disposable syringes that can be used for the treatment of coronavirus patients.
However, the market is also prone to some challenges. The high cost of safety disposable syringes and increase in the cost of material due to high demand are expected to hamper the market growth. Moreover, the availability of alternative delivery modes is also expected to hamper the India Disposable Syringes market in the coming years.
https://www.techsciresearch.com/report/india-disposable-syringes-market/7263.html
India Disposable Syringes market is segmented based on type, application, end user, material, and region. Based on type, the market can be segmented into conventional syringes, pre-filled syringes, and safety syringes. The conventional syringes segment is further categorized into normal slip tip syringes, luer lock syringes, and catheter tip syringes, eccentric tip syringes. The prefilled syringes segment is further bifurcated into needle-free pre-filled syringes and needled pre-filled syringes.
The safety syringes segment is further categorized into retractable safety syringes and non-retractable safety syringes. Among them, safety syringes, particularly, non-retractable syringes, accounted for 62.05% market share in FY2020. They are further expected to undergo high growth during the forecast period as cases of transmission of blood-borne infections and frequent needle injuries are rising owing to which, there is a growing demand for safer syringes.
Based on application, the India Disposable Syringes market can be segmented into general surgery, therapeutic, diagnostic, respiratory, orthopedics, cardiovascular, dental and others. Among them, the therapeutic segment dominated the market in FY2020 owing to a spike in the prevalence of various chronic disorders that require the usage of therapeutic agents with the help of disposable syringes. The segment is expected to hold its dominance during the forecast period with the introduction of new injectable drugs.
Major players operating in the India Disposable Syringes market are Hindustan Syringes & Medical Devices Ltd, Becton Dickinson Pvt Ltd., Novo Nordisk India Pvt Ltd., B.Braun Medical India Pvt. Ltd., Cardinal Health India Pvt. Ltd., Baxter Pharmaceuticals India Pvt Ltd (BPIPL), Teleflex Medical Pvt Ltd, Terumo India Pvt Ltd, Nipro India Corporation Pvt. Ltd. ,Albert David Ltd).
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“Easy availability of disposable syringes and high expenditure on healthcare is making India the largest market for disposable syringes manufacturers and the region is expected to dominate the market through FY2026. On the other hand, the safety syringes segment is anticipated to witness the fastest growth during the forecast period owing to growing awareness regarding needle injuries and disease transmission,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Disposable Syringes Market By Type (Conventional Syringes, Pre-filled Syringes, Safety Syringes, By Application (General Surgery, Diagnostic, Therapeutic, Respiratory, Orthopedics, Cardiovascular, Dental, Others), By End User (Hospitals, Diagnostic Laboratories, Blood Banks, Pharmaceutical Industry, Vaccination, Veterinary Purposes, Others), By Material (Glass, Polymer), By Region, Forecast & Opportunities, FY2026” has evaluated the future growth potential of Global Disposable Syringes Market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Disposable Syringes market.
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