GCC Syringes & Needles Market Generated Opportunities, Future Scope 2021-2028 | Becton, Dickinson and Company (BD), Nipro Corporation, Baxter International Inc.

Market Overview:

Syringes & Needles are hollow tubes made out of plastic or metal, that have been designed specifically to contain needles and syringes. A syringe is simply a mini reciprocating pump, consisting of an inflated rubber tube known as a barrel which is lined with small stoppers. The stoppers can be turned to allow the needle to move back and forth along the barrel's inside wall. The needle will be forced along the barrel by a spring mechanism, moving back and forth along the opening so that a small amount of ink or medication can be injected into the syringe. The invention of syringes & needles was created as a means of reducing the number of infections that were transmitted through unsanitary means, such as through unsanitary hospitals where there was no access to a needle market.

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Competitive Landscape:

Key players operating in the GCC syringes & needles market include IBN Sina Medical Factory, SAAPP (FZC) LLC., Abu Dhabi Medical Devices Company, Smiths Group plc., Medtronic plc., Terumo Corporation, B. Braun Melsungen AG, Baxter International Inc., Nipro Corporation, Dickinson and Company (BD), and Becton.

Key Market Drivers:

The increasing incidence of chronic diseases in the Gulf regions is the main factor, which is expected to augment the growth of the GCC syringes & needles market. For instance, according to the International Diabetes Federation (IDF), the United Arab Emirates has one of the highest prevalences of diabetes in the world, which is a 16.3%. As new technologies and ways of preventing infection were developed and made widely available, the need for an efficient and reliable way of delivering medicine became apparent. As a result, many hospitals adopted the practice of regularly administering medical devices known as syringes & needles in order to reduce the risk of acquiring or transmitting infectious diseases. Increasing product launches by key market players are estimated to propel the growth of the GCC syringes & needles market.

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Covid-19 Impact Analysis:

During the ongoing COVID-19 pandemic the global economy has witnessed a severe downfall, which has affected the market growth of every sector, including the growth of the GCC syringes & needles market. For instance, according to JHU CSSE COVID-19 data, the weekly average of COVID positive cases in the UAE in January 2021 was around 3665.

Key Takeaways:

In regions, UAE is expected to hold a dominant share of the GCC syringes & needles market, owing to increasing cases of chronic illnesses such as cancer in the region. For instance, according to the Abu Dhabi Department of Health, cancer is one of the most prevalent causes of mortality (16%) in the Emirate of Abu Dhabi.

Saudi Arabia is estimated to witness significant growth owing to the increasing incidence of health issues in the region. For instance, according to the National Institutes of Health (NIH), in 2018, there were 24,485 new cancer cases registered in Saudi Arabia.

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