Syringe and Needle Market To Expand Exponentially Registering Phenomenal CAGR Worldwide; Asserts MRFR Unleashing Market Insights Till 2023

The report covers the Current scenario and the future growth prospects of the ‘Syringe and Needle Market’ from 2018-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Global Syringe and Needle Market is expected to grow at a CAGR of 5.5% during the forecast period.

Global Syringe and Needle Market - Key Players

Some of the players in the Syringe and Needle market are

Braun Medical Inc.
Covidien Plc.
Terumo Corporation
Smith’s Medical
Albert David Ltd
Connecticut Hypodermics Inc.

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Global Syringe and Needle Market – Competitive Analysis

Companies are continuously inventing new products to capture the market globally. Thus, major players invest more in research and development activity, in order to lead the global market. In this regards, Becton, Dickinson & Company, in 2016, launched first syringe designed for use with Humulin are you-500 insulin which is designed by Eli Lilly & Company. It helps to treat patient with high blood sugar along with diabetes. Companies are investing more into research and development in order to develop quality and advance products, which help them to lead the global market.

Again in 2017, Becton, Dickinson & Company, introduce new 6mm pen needle for injection pens which is named as BD Ultra-Fine. By adding this product in the portfolio company want to ensure the patient that BD has a comprehensive portfolio that provide options and reinforce BD commitment to providing the best solutions possible for people with specific preferences while managing their diabetes.

Increasing in the genetic population globally and consumption of tobacco are the factors that increase the occurrence of chronic disease. Moreover, companies are more focus to capture the market.

Global Syringe and Needle Market - Overview

The Global Syringe and Needle Market is rising with a swift pace; mainly owing to increase in patient population. According to World Gastroenterology Organization, 35-40 % of the world’s total population are suffering from acute or chronic gastrointestinal problems. Also, according to the World Cancer Research Fund International, in 2015, cancer was responsible for 8.8 million deaths, and is the second leading cause of death across the globe. Increasing consumer awareness about the benefits associated with disposal syringe and needle, increasing the demands globally.

Global Syringe and Needle Market - Segments

The Global Syringe and Needle Market is segmented on the basis of type, therapeutic application, usability, and end-user.

On the basis of type, the market is segmented into blood collection needles, ophthalmic needles, bone marrow needles, catheter needles, dental needles, epidural needles, AV fistula needles, pen needles, fine aspirating needles, biopsy needles, intravenous needles, spinal anesthesia needles, and suture needles.

On the basis of therapeutic application, the market is segmented into general surgery, diagnostic, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, urology, and others.

On the basis of usability, the market is segmented into disposable and reusable.

On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic centers, home care, and others.

Global Syringe and Needle Market - Regional Analysis

The Syringe and Needle Market is much higher in the Americas region. There is a huge population which is suffering from chronic disease such as diabetes, cancer and also better awareness of healthcare increase the demand of syringe and needle market in this region. According to National Cancer Institute, in 2016, the U.S. diagnosed around 1,685,210 new cases of cancer, and in 2014, around 15,780 children and adolescents ages 0 to 19 were diagnosed with cancer and 1,960 died of the disease.

Europe is also considering the huge market for syringe and needle market players, owing to present of huge population affected with chronic disease. Additionally, market players from this region are involved in the export of their product in developing regions. Government is more focused to educate their public in order to minimize the patient population.

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Asia Pacific and the Middle East and Africa region are considering the big market. Whereas country like India and china of Asia Pacific region are considering fastest growing region due to the presence of huge population suffering with diabetes, cancer, and cardiovascular disease. Additionally, countries from this region looking forward to adopt advanced technology and treatment from developed nation in order to improve the quality of life for their citizen. Whereas the Middle East and Africa are the low market due to his incapability of investment.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics


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Release ID: 409714