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 is 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.
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. 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.
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Global Syringe and needle Market – Regional Analysis
The market of the syringe and needle 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.
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.
Becton, Dickinson & Company (U.S.), B. Braun Melsungen AG (Germany), Medtronic plc. (Ireland), Terumo Corporation (Japan), Smiths Medical (U.S.), Retractable Technologies Inc. (U.S.), Alcon Laboratories Incorporated (U.S.), Parker Dayton Technology Suzhou Co., Ltd. (China) and Light Medical Products Co., Ltd. (U.S.) are some of the leading players at the cutting edge of the competition in the market of syringe and needle, globally.
Global Syringe and Needle Market Report: Regional Analysis
The North American market is one of the leading markets for Dental Syringes and Needles and has a huge potential for growth. As per the study it has been found out those countries in North America such as USA has a huge growth potential for Dental Equipment’s (Syringes and Needles). In countries like USA people are very particular of their medical needs and are very specific of the equipment’s used by the doctors. And with leading associations like North American Dental Group and American Medical Association in the picture it is assured that the need of top notch Syringes and Needles is a must. Hence with huge demand potential it can easily be one of the leading markets for the Syringe and needle market.
Europe is a major chunk of the Syringe and needle market with companies like Septodont and DENTSPLY already established as major player of the market. It consists of markets like Germany, France, U.K., Italy, Spain, Benelux, Scandinavia, Austria, Switzerland, and Portugal. With the increasing demand for high quality and standards of the healthcare industry the European healthcare market is making huge strides in terms of quality of products. The number of Medical experts in Europe have been increasing steadily increasing as compared to the previous year, thus the growth of the Syringe and needle market is expected to grow at a rapid rate.
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