Syringes & Cannulas Market to Showcase Vigorous Demand during the Period until 2028 with Market players- Becton, Dickinson and Company (BD), B. Braun Melsungen AG, Edwards Lifesciences Corporation

Fact.MR’s report provides forecast and assessment on the syringes & cannulas market for the period of forecast, 2018 to 2028, and the market size has been evaluated in terms of value (US$ Mn) and volume (Million Units). A plethora of factors that impact supply & demand trends in the syringes & cannulas market have been analyzed and elaborated. Scope of the report is to offer its readers with valuable intelligence so that they are able to make fact-based decisions for expansion of their businesses.

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Syringes and Cannulas Market Remains Highly Fragmented as Small Players Fulfill the Increasing Demand

Small-scale players in the syringes and cannulas market continue to demonstrate their dominance against the backdrop of strong supply chain in the domestic market and easy accessibility of raw materials. While prominent players accommodate the demand for high-quality syringes and cannulas in private healthcare facilities, small-scale players continue to address the demand arising from the local market such as small clinics, laboratories and nursing facilities. Further, different distribution methods adopted in the Needle and Syringe Program (NSP) show significant reliance on domestic manufacturers of the syringes and cannulas market.  

Syringes and Cannulas Here-to-Stay amid Emerging Alternatives

Syringes and cannulas are the primary medical instruments used in healthcare facilities for applications ranging from normal drug injections to complex surgeries. Increasing pool of patients and number of surgeries are driving the demand for syringes and cannulas substantially. Further, increasing incidences of chronic diseases such as diabetes and HIV epidemic have fuelled the consumption of syringes and cannulas. Owing to the indispensable nature of syringes and cannulas in the healthcare sector, multiple local manufacturers have emerged in the market to address the broadening gap between demand and supply. As healthcare facilities heavily rely on the bulk supply, manufacturers in the syringes and cannulas market supply the products in batches at an affordable costs. Although syringes and cannulas market is witnessing emergence of prefilled syringes and needle-less alternatives, owing to the essentiality and easy accessibility of syringes and cannulas, demand for syringes and cannulas is set to remain unaltered in the future. 

Needleless Connectors and Jet Injectors to Witness Gradual Penetration in Syringes and Cannulas Market

Rapid drug delivery and better outcome required for patients with chronic diseases is providing a fillip for greater investment in advanced medical technologies. Driven by the increasing preference for minimal invasion surgeries, R&D investments are focused on developing next-gen medical instruments such as needleless technologies. Needle-free jet injector delivery system is one of the trending medical technology which received first FDA approval in 2014 for PharmaJet’s injector for a flu vaccine. Further, development of needleless connectors is serving as an efficient alternative of cannulas in term of reduced microbial ingress and integrity maintenance. BD has launched several needleless connectors such as NeutraClear™, SmartSite™ and MaxZero™. CArdina Health has introduced Kendall™ needleless connector. B. Braun Melsungen AG delivers a portfolio of needleless connectors such as InVision-Plus ® IV Connector and SAFELINE® Split Septum.

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Public Healthcare Initiatives Ensure Steady Growth of the Syringes and Cannulas Market

The syringes and cannulas market is projected to witness steady growth on the back of increasing emphasis on the use of disposable syringes to prevent spread of infectious disease. Initiatives such as NPS, multiple immunization programs and WHO’s use of Smart Syringes by national and international authorities to promote safe use of injections has, in turn, propelled the syringes and cannulas market. The initiatives are addresses at increasing penetration of safe use of syringes and cannulas and huge price differences between the distribution purchase and retail prices. For instance, the National Pharmaceutical Pricing Authority (NPPA) in India estimated a mark-up of 664% in retail prices of syringes in FQ 2018. Following the statistics, the Department of Pharmaceutical is expected to regulate the pricing. On the other hand, the government is expected to initiate use of auto-disable syringes to control spread of infection through disposable syringes.

Competitive Landscape

The competitive landscape section of the syringes and cannulas market report profiles key players operating in the global syringes and cannulas landscape. The section also delivers vital information such as product portfolio, notable business strategies and revenue share of key market players. Few of the profiled players in the syringes and cannulas market include Becton, Dickinson and Company (BD), B. Braun Melsungen AG, Edwards Lifesciences Corporation, Terumo Corporation, Medtronic Plc., and Smiths Group plc (Smiths Medical).

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