Syringes and Needles Market Analysis and Forecast Study for 2016-2026
Syringes and needles are collectively known as a “Sharps”. Syringes and needles are the most widely used disposables used in various applications such as injections, infusions, and blood or specimen collection. Within applications, the injection or the drug delivery segment is the most popular and leads the syringes and needles market. Syringes and needles are basically made of polymer and glass material. The syringes and needles market in the GCC region is estimated to register a significant growth over the forecast period (2016–2026) due to the growing prevalence of chronic diseases such as diabetes, cancer, chronic intestinal diseases, and hepatic failure. Increase in the economic standards and disposable income of individuals across the region are also positively favouring the growth of the GCC syringes and needles market.
Request For Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gc-1874
Further, rising adoption and an increasing demand for safety syringes and needles over conventional reusable syringes and needles is expected to boost the growth of the GCC syringes and needles market in terms of value over the forecast period. Increasing instances of diabetes in the GCC region is likely to accelerate the demand for insulin syringes and needles and this is expected to further fuel growth of the overall syringes and needles market. Also, a rise in geriatric population is anticipated to inflate the healthcare service industry and subsequently boost growth of the syringes and needles market.
Rise in self-administration due to the availability of prefilled syringes drives the demand for prefilled disposable syringes and needles. The availability of new drugs through prefilled syringes and needles is likely to present lucrative opportunities for players as well as pharmaceutical manufacturers in the GCC syringes and needles market. A key trend defining the market is that larger players are focusing on enhancing their geographical presence and expanding their customer base by entering into strategic mergers and acquisitions. There is also a rising trend towards the adoption of plastic syringes and needles owing to their inherent benefits over glass syringes.
The polymer syringes and needles segment is expected to project a healthy growth over the forecast period. This segment is estimated to be valued at US$ 359.3 Mn by the end of 2016 and is expected to increase to US$ 858.2 Mn by 2026, registering a CAGR of 9.1% in terms of value over the forecast period. The polymer syringes and needles segment is expected to hold a greater market share than that of the glass syringes and needles segment. Polymer syringes and needles are highly resistant to breakage and come with an affordable price tag over glass syringes and needles. There are also growing regulatory concerns over increased possibilities of injuries and accidents occurring with the use of glass syringes and this is likely to lead to a restrained growth of the glass syringes and needles market in the GCC region over the forecast period.
The disposable syringes and needles segment is anticipated to become the highly potential segment as compared to the reusable syringes and needles segment over the forecast period due to increasing demand of disposable syringes and needles. In terms of volume, the hospital segment is estimated to be valued at 8,936 Mn by 2026, projecting a volume CAGR of 6.8% over the forecast period.
GCC Syringes and Needles Market: Region-wise Segmentation
The GCC syringes and needles market has been segmented into six prominent countries – the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Oman, Kuwait, Qatar, and Bahrain. The Kingdom of Saudi Arabia (KSA) market is likely to dominate the GCC syringes and needles market, accounting for maximum revenue share of the market by the end of 2016. Collectively, the United Arab Emirates (UAE) and Oman markets are expected to account for over 21.2% revenue share of the GCC syringes and needles market by the end of 2016. Among the emerging markets, Kuwait is estimated to exhibit a significant CAGR of 1.7% over the forecast period followed by the Qatar market, due to recent industry developments and favourable trade policies.
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gc-1874
Some of the key market players profiled in the GCC syringes and needles market report include Becton, Dickinson & Company, Nipro Corporation, Baxter International Inc., B. Braun, Terumo Corporation, Medtronic PLC., Smiths Group Inc., Abu Dhabi Medical Devices Company, SAAPP (FZC) LLC., and IBN Sina Medical Factory.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Mr. Sudip Saha
Future Market Insights
616 Corporate Way,
New York 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Syringes and Needles Market Analysis and Forecast Study for 2016-2026 here
News-ID: 881194 • Views: 109
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for GCC
GCC Digital Signage Market-(2017-2023)
Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40", 40"-55" and Above 55"), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By Countries (Saudi Arabia, Bahrain
GCC Medium Voltage Switchgear Market (2017-2023)
Increasing infrastructure development activities, rising commercial sector and large scale investments in the power transmission & distribution network are the major factors that would drive the market of medium voltage switchgear market in GCC region. According to 6Wresearch, GCC Medium Voltage Switchgear Market is projected to reach $1.4 Billion by 2023. Medium voltage switchgear market in GCC has witnessed robust growth over the past five years due to growing electricity
MEED Insights: GCC Projects Outlook Report 2018
The market has been in freefall for more than two years. It’s never been more important for companies to have concise, accurate and comprehensive market intelligence than today. GCC Projects Outlook 2018 evaluates this new market and highlights the markets, sectors and projects presenting the best growth opportunity. It provides critical data to help you make key business decisions and inform your strategy. Using data from more than 15,000 live projects, this
Changing Dynamics of GCC Fertilizer Industry
Market Insights The changing dynamics of the GCC Fertilizers Market include rising population, falling commodity prices globally, and intense competition from abroad. In 2016, GCC fertilizer sales declined by 21%, to USD 5.2 billion. The same scenario was noted in 2015, wherein, the sales revenue dropped by 10%. The report provides a detailed analysis of the GCC fertilizer market, which is broadly segmented based on type and geography. Based on the type,
GCC Renewable Energy Sector Opportunity Analysis
The world’s largest producer of oil and gas is finding it increasingly difficult to suffice its own needs. An unprecedented increase in population and growth in industrial and economic activity has triggered newfound interest in renewable energy development for six major Middle Eastern economies. Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman, together knows as the Gulf Cooperation Council, have turned their focus towards the exploitation of renewable sources of
Emerging Renewable Energy Implementation in GCC
GCC region is shifting focus from its most prized asset, hydrocarbons. Oil and gas, though, still dominates the trade in and out of the GCC Region but it is looking to develop its renewable sources of energy as well. All the GCC countries have started to take the renewable energy way, contrary to their most important possession, non renewable (Hydrocarbons). The growing economy with growing population has affected a growth