Syringe And Needle Market Research Report: Type (Blood Collection, Intravenous, Catheter) Therapeutic Application (General Surgery, Diagnostic) Usability (Disposable, Reusable) And End User (Hospitals & Clinics, Home Care) – Global Forecast Till 2023.
Global syringe and needle market is expected to grow at a CAGR of 5.5% during the forecast period.
KEY PLAYERS FOR SYRINGE AND NEEDLE MARKET
B. Braun Medical Inc.,
Albert David Ltd, and
Connecticut Hypodermics Inc.
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MARKET SCENARIO FOR SYRINGE AND NEEDLE MARKET
Syringes and Needles are sterile devices used to inject solutions into the body. Syringes and needles are also used to segregate various types of body fluids, such as tissues from joints and blood from veins.
The global syringe and needle market is driven by the growing prevalence of chronic diseases such as diabetes, cancer, chronic intestinal diseases, along with the growing government funding to support clinical trials. Additionally, the increasing older population, the increasing adoption and demand for safety syringes and needles over conventional reusable syringes and needles, increasing partnerships between biopharma companies and CROs, and investments in the R&D segment are likely to propel the growth of the global syringe and needle market.
For instance, according to the Federal Funding for Biomedical and Related Life Sciences Research, 84% of the National Health Institute’s (NIH), funding is distributed through 60,000 researchers. Additionally, the National Center for Biotechnology Information (NCBI) estimated that the population affected with diabetes is expected to reach 439 million by 2030. These growing government funding to support research and development and the rising prevalence of diabetes are likely to enhance the growth of the global syringe and needle market.
SEGMENTS FOR SYRINGE AND NEEDLE MARKET
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.
REGIONAL ANALYSIS FOR SYRINGE AND NEEDLE MARKET The North American syringe and needle market is the growing market in the Americas region. On a regional basis, the Americas region is segmented into North America and South America. North America is further segmented into the U.S. and Canada. North America is expected to account for the largest share of the syringe and needle market. Factors such as rising older age, increasing prevalence of chronic diseases, increasing spending for syringe and needle research and development and technological advancements, and presence of key pharmaceutical companies are driving the growth of the syringe and needle market. Additionally, the presence of a large customer base in this region is likely to propel the growth of the syringe and needle market in North America. For instance, NIH received USD 1 Billion, in 2015 for life science and health-related research and development programs. According to the Centers for Disease Control and Prevention (CDC), around 30.3 million Americans were affected with diabetes as of 2015.
Europe is the second largest market and holds a noticeable share in the global syringe and needle market due to various government legislative reforms providing regulatory guidelines to manufacturing companies. The European market is expected to grow during the forecast period owing to the growing research and development, need for advanced treatments along with growing need for better healthcare infrastructure. For instance, the European Commission stated that the R&D spending by the pharmaceuticals and biotechnology sectors grew by 8.7% in 2014.
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MAJOR TOC FOR SYRINGE AND NEEDLE MARKET
CHAPTER 1. REPORT PROLOGUE
CHAPTER 2. MARKET INTRODUCTION
2.2 Scope of the Study
2.2.1 Research Objective
CHAPTER 3. RESEARCH METHODOLOGY
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
CHAPTER 4. MARKET DYNAMICS
4.5 Mcroeconomic Indicators
4.6 Technology Trends & Assessment
CHAPTER 5. MARKET FACTOR ANALYSIS
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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