Project report for Disposable Syringes

The India disposable syringes market is driven by rise in number of surgical procedures across the country. As syringes are used in every kind of surgeries for injecting solutions and withdrawing secretion from the body. Disposable Syringes are being used by doctors to inject medicines through intravenous or intramuscular ways for the treatment of diseases & also by research & development personnel. Syringes are frequently used in clinical medicine to administer injections, infuse intravenous therapy into the bloodstream, apply compounds such as glue or lubricant, and draw or measure liquids. Disposable syringe is a simple syringe which must be discarded immediately after single use. Disposable syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized condition, ready to use, and cost effectiveness, disposable syringes are fast replacing the age-old glass syringes. Disposable syringes are mostly injection molded from polypropylene. Syringes are available in sizes of 1 ml, 2 ml, 5 ml and 10 ml, 50ml in a variety of designs and consist of either two or three components construction. The number and size of injection molding machines required depend upon syringe construction, number of mold cavities, annual production. A syringe is a simple reciprocating pump consisting of a plunger that fits tightly within a cylindrical tube called a barrel. The plunger can be linearly pulled and pushed along the inside of the tube, allowing the syringe to take in and expel liquid or gas through a discharge orifice at the front end of the tube. The open end of the syringe may be fitted with a hypodermic needle, a nozzle or tubing to direct the flow into and out of the barrel.

The Indian Disposable Syringes Market was valued at INR 66,3950 Crores in Financial Year 2020 and is forecast to grow at a CAGR of 13.28% in value terms to reach INR 1,36,6330 Crores by Financial Year 2026. The Indian Disposable Syringes Market is expected to witness rapid growth during the forecast period owing to the growing prevalence of various chronic diseases that require treatment using disposable syringes and increasing demand for vaccines around the world. Increasing cases of infectious diseases, including COVID-19, are also creating a high demand for disposable syringes. In addition to this, various government organizations are providing funding to companies for manufacturing disposable syringes that can be used for the treatment of coronavirus patients. This is anticipated to drive the market growth significantly in the coming years. Moreover, increasing cases of needlestick injuries and growing demand for injectable drugs due to the lack of bioavailability in conventional drug delivery methods are some other key factors fueling the growth of the Indian Disposable Syringes Market.

The major factor that contributes to the growth of the disposable syringes market include surge in the use of injectable drugs, due to the lack of bioavailability in conventional drug delivery methods. Furthermore, other factors such as rise in healthcare expenditure and surge in cases of needlestick injuries also fuel the growth of the market. In addition, surge in prevalence of various chronic diseases that require use of disposable syringe systems is another major factor that contributes to the growth of market. However, high cost of safety disposable syringes restricts market growth. Conversely, high growth potential in developing economies is expected to offer lucrative opportunities during the forecast period.