Worldwide Syringe and Needle Market by Type (Blood Collection, Intravenous, Catheter) Therapeutic Application ( General Surgery, Diagnostic) Usability ( Disposable, Reusable) End User ( Hospitals and Clinics, Home Care ) Market is Growing rapidly and Estimated to Reach Billion with a CAGR of 5.5% during 2017-2023 , asserts Market Research Future (MRFR).
Leading Market Players
Braun Medical Inc., Terumo Corporation, Albert David Ltd, Covidien Plc, Smiths Medical, and Connecticut Hypodermics Inc.
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The key factors enhancing the growth of global syringe and needle market include growing government funding to support clinical trials, growing prevalence of chronic ailments, increasing adoption & demand for safety syringes and needles over conventional reusable syringes and needles, increasing older population, increasing partnerships between biopharma companies and CROs, and investments in the research and development (R&D) that are resulting from these partnerships. However, the factors that can hamper the market growth include high risks of infections associated with the administration of drugs by syringes and needles.
By type – Blood Collection, Intravenous, and Catheter.
By therapeutic application – General Surgery and Diagnostic.
By usability – disposable and reusable.
By end-user – Hospitals & Clinics and Home Care.
An American pharmacy, Sunrise Pharmacy is reportedly accepting discarded needles found in public spaces for a reward of 5 cents per used needle. The move is an attempt to solve the issue of discarded drug paraphernalia.
- Pharmaceutical Manufacturers and Suppliers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
Key Questions Answered in This Report:
- What will the market size and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
North America accounts for the majority share of the global market owing to the prevalence of chronic diseases in the region coupled with increased R&D activities which induce the demand of the market. Additionally, the presence of a large customer base in the region also propels the market growth.
Europe is the second largest market owing to increased R&D spending by pharmaceuticals and biotechnology sector in the region. Presence of a developed healthcare sector also supports the market growth in the region.
Asia Pacific is expected to be the fastest growing market over the forecast period. The growth in the region would be favored by the prevalence of chronic diseases in the region which escalates the need for treatment and growing research and development in the field of life sciences in the region.
The Middle East & Africa region is expected to exhibit the least growth over the forecast period due to less expenditure on healthcare and limited growth of the healthcare sector in the region.
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Table of Content
1 Report Prologue
2 Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends and Assessment
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