The eccentric tip syringe market is forecasted to witness rapid growth owing to the growing number of diseases that require extensive treatment using disposable syringes especially eccentric tip syringe. The eccentric tip syringe has an offset nozzle that is present on the edge of the syringe barrel.
This allows an attached needle to be closer in line with the wall of the syringe so that the needle is almost parallel with the injection surface. Moreover, many countries especially during the COVID-19 pandemic are providing funding to companies to manufacture all types of disposable syringes for the treatment of patients in the pandemic.
This is anticipated to drive the market growth of the eccentric syringe market exponentially in the coming years. Furthermore, a spike in the number of needle stick injuries and increasing demand for injectable drugs to the lack of conventional drug delivery methods will fuel the growth of the eccentric tip syringe market.
What Accelerates the Market Growth of Eccentric Tip Syringe Market?
General public vaccinations against the COVID-19 pandemic has increased the demand for eccentric tip syringe market tenfold times in the last year and will continue to grow in the future. An increase in several injectable drugs because of the lack of proper surgical provisions for conventional drug delivery methods has also fueled the market demand.
Being a type of disposable syringe, eccentric tip syringe has a lot of application in treating needle sticks injuries where the wound is caused by a sharp object and can cause bloodborne diseases. Moreover, with penetration of not only eccentric tip syringe but all kinds of disposable syringes, sterilization of syringes is not any more of a necessity and it saves a lot of time for doctors and nurses. Due to which it is highly recommended by all medical professionals around the world, and will increase the demand for eccentric tip syringe in the anticipated period.
How will Gradual Increase in Mass Vaccinations work as an Opportunity for Eccentric Tip Syringe Market?
Pandemic caused millions of casualties across the globe, governments are spending vast amount of money for vaccine procurement and development. For a population of 7 billion, mass vaccination across the world started and this is a great opportunity for key players to produce eccentric tip syringe in more quantity.
This mass production will also result in innovations in the syringe about length, decreasing the capital involvement which will benefit the manufacturers. Thus increasing the demand for eccentric tip syringe market in the forecasted period.
How will the Shift from Natural Rubber Latex Work as a Market Trend for Eccentric Tip Syringe Market?
The medical industry has seen a change in usage from normal disposable syringes to eccentric tip syringe to decrease needle stick injuries among medical personnel. The recent trend shows that syringes that are not made from BPA, PVC or natural rubber latex are easier to recycle, thus competitors are moving their production towards recyclable syringes. This is bound to increase sales for the eccentric tip syringe market in the forecasted period.
- Novo Nordisk A.S.
- Terumo Corp.
- Nipro Medical Corporation
- Vita Needle Company
- Braun Imaxeon Pty
- Baxter International Inc.
- Henke-Sass Wolf
- Dickinson and Company.
- Albert David Ltd.
- Cardinal Health India Pvt. Ltd.
- Hindustan Syringes and Medical Devices Ltd.
- Nipro India Corporation Ltd.
- Anhui Kangda Medical Products Co. Ltd.
What Strategies is Adopted by Key Players for Increasing their Market Share in the Eccentric Tip Syringe Market?
The key players adopt various strategies such as product launch, merger & acquisition, expansion, innovation and others to survive and compete in the market:
- In November 2019, Becton Dickinson launches a BD Intervia 1ml Disposable Auto-Injector which is equipped with a feedback indicator that can visually display the correct dose to the patient and trigger a click. In addition to eccentric tip syringe, surgeons use the auto disposable injector to operate on patients in open limb surgeries where patient moderation is required.
Why will India hold a Prominent Share in the Eccentric Tip Syringe Market?
In years to come, India is bound to increase its manufacturing capacity for disposable syringes which will directly increase the market for eccentric tip syringe. The low cost of raw materials and cheap labour are the main reasons for the rise in orders by global corporations for production through Indian markets. Furthermore improving and enhancing healthcare facilities along with rising individual healthcare expenditure in India is driving the Indian eccentric tip syringe market.
How has COVID-19 Impacted the Growth of the Eccentric Tip Syringe Market?
Pandemic has positively affected the eccentric tip syringe market due to an increase in medical treatment for patients during this period. Apart from these mass vaccinations of the general populace have resulted in high demand for the eccentric tip syringe and it is anticipated that the market will increase in the coming period.
To provide the entire population of the world with vaccinations against the virus, key players have stockpiled their raw materials and subsequently increased their production to meet the demand. Thus the eccentric tip syringe market will rise in future.
Key Segments of Eccentric Tip Syringe Market Covered in the Report
- Upto 1 ml
- Upto 2 ml
- Upto 5ml
- Above 10ml
By End User:
- Medical Institutes
- Clinics and Research Labs
- Blood banks
- North America
- Latin America
- East Asia
- South Asia
- The Middle East and Africa
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