The “Global Syringe and Needle Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Syringe and Needle Market.
Global Syringe and Needle Market is valued approximately at USD 6.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2020-2027.
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Syringes and needle market include the disposable and safety syringes, needleless injectors, insulin pumps, injection pens, specialty needles. Syringes and needles are sterile devices applied to inject solutions, such as drugs, into the human body. Syringes and needles are being used to isolate several sorts of body fluids, including blood from veins and tissues from swollen joints. Moreover, the usage of syringes and needles in medical procedure has grown significantly due to the rise in number of patient populations with chronic conditions and lifestyle diseases, such as cancer and diabetes. According to the National Center for Biotechnology Information (NCBI), diabetes has affected 285 million people globally in 2010, and the number is likely to grew over 439 million by 2030. According to the International Diabetes Federation (IDF), the percentage of individual having type 2 diabetes is surging in most parts of the world. Around 79% of adults aged between 20-79 years are living with diabetes in low and middle-income countries.
Thus, the rise in prevalence of diabetes has boosted the demand for syringes and needles for the effective treatment across the developed and developing countries. In addition, the rapid technological development in syringes and needle drug delivery system, and surging utilization of injectable drugs are few other factors responsible for the CAGR of the market during the forecast period. According to Statista, over15.3 million people around the world were using injectable drugs in 2018. Of which, Asia holds the leading position in terms of inject drugs consumption, with a number of people around 6.6 million in the same year i.e., 2019. This, in turn, is likely to strengthen the demand for syringe and needle market around the world. However, the high risk of infection concerning the needle and syringes is one the prime factors limiting the market growth over the forecast period of 2020-2027.
The regional analysis of the global Syringe and Needle market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising spending and expenditure on pharmaceutical and biopharmaceutical companies, along with the wide presence of market players in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in prevalence of chronic conditions and life-threatening diseases, coupled with improving healthcare infrastructure in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the cancer vaccine market in the Asia-Pacific region.
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Major market player included in this report are:
DeRoyal Industries
Albert David Ltd.
B. Braun Melsungen AG
Terumo Corporation
Connecticut Hypodermics Inc.
Insulet Corp.
Medtronic PLC
Becton, Dickinson and Company
Schott AG
Smiths Medical, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Blood Collection Syringe and Needles
Ophthalmic Syringe and Needles
Bone Marrow Syringe and Needles
Catheter Syringe and Needles
Others
By Application:
General Surgery
Respiratory
Orthopedics
Cardiovascular
Dental
Others
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By Usability:
Disposable
Reusable
By End-User:
Hospital & Clinics
Diagnostic Centers
Home Care
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Syringe and Needle market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Syringe and Needle market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Syringe and Needle market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Syringe and Needle market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Syringe and Needle market. It encapsulates indispensable insights extracted from the Syringe and Needle Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Syringe and Needle market, including:
- What can be expected for the Syringe and Needle market in the next decade?
- What are the primary drivers of growth in the global Syringe and Needle market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Syringe and Needle market vary based on the size of the end market?
- What is the breakdown of Syringe and Needle by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Syringe and Needle market?
Our most recent research report showcases the thriving expansion of the global Syringe and Needle Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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