MARKET OVERVIEW
Syringes and needles are sterile devices utilized to inject solutions into the body. Syringes and needles are also used to isolate several body fluids, like tissues from swollen joints and blood from veins. A syringe is made of glass or plastic shaped like a cylinder with a plunger at one end and an opening that joins a needle. Needles are hollow metal tubes with a pointed tip.
MARKET SCOPE
The "Global Medical Syringes And Needles Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Medical syringes and needles market with detailed market segmentation by type, usability, end use, and geography. The report provides key statistics on the market status of the leading Medical syringes and needles market players and offers key trends and opportunities in the market.
- Based on type, the global Medical syringes and needles market is segmented into blood collection syringe and needles, ophthalmic syringe and needles, bone marrow syringe and needles, catheter syringe and needles, dental syringe and needles.
- On the basis of usability, the market is segmented into disposable, reusable.
- On the basis of end use, the market is segmented into hospitals and clinics, diagnostic centers, home care, others.
Drivers:
- Rise in the incidences of chronic diseases.
- Rise in the numbers of diabetic patients.
- Rise in the geriatric population.
- Increasing preference for injectable drugs.
- Technological advancements in syringes and needles based drug delivery.
- The high risks of infections associated with administration of drug delivery by syringes and needles is the major restraining factor for this market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Medical syringes and needles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Medical syringes and needles market in these regions.
IMPACT OF COVID-19 ON MEDICAL SYRINGES AND NEEDLES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Medical syringes and needles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Medical syringes and needles market are anticipated to lucrative growth opportunities in the future with the rising demand for Medical syringes and needles in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Medical syringes and needles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Becton, Dickinson and Company
- B. Braun Melsungen AG
- Terumo Corporation
- Smiths Medical
- DeRoyal
- Albert David Ltd.
- Septodont
- Medtronic
- Schott AG
- Cardinal Health