Gcc Syringes and Needles Market

Syringes and Needles Market: Increasing Demand for Safety Syringes Expected to Boost Market Growth: GCC Industry Analysis and Opportunity Assessment, 2016-2026

  • 2016-09-19
  • REP-GC-1874
  • 242 pages
  • PDF PPT EXCEL
 Gcc Syringes and Needles Market

An Incisive, In-depth Analysis on the Gcc Syringes And Needles Market

This study offers a comprehensive, 360 degree analysis on the Gcc Syringes And Needles market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gcc Syringes And Needles market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The GCC syringes and needles market is anticipated to reach a value of US$ 874.0 Mn by 2026, registering a CAGR of 9.0% during the forecast period (2016–2026). The rapidly growing healthcare service industry throughout the GCC region and the technological advancements over the last few years are expected to boost the growth of the medical disposable industry as well as the syringes and needles market in the GCC region. The consumption of syringes and needles in the GCC region is estimated to touch 6,649 Mn units by the end of 2016 and is expected to increase to 13,900 Mn units by 2026.

Market Dynamics

The syringes and needles market in the GCC region is projected to register a significant growth over the forecast period due to the growing prevalence of chronic diseases such as diabetes, cancer, chronic intestinal diseases, and hepatic failure – responsible for the growth of the overall healthcare service industry. Besides, rising adoption and increasing demand for safety syringes and needles over conventional reusable syringes and needles is expected to boost the growth of the GCC syringes and needles market in terms of value over the forecast period. Increasing reported cases of diabetes in the GCC region is likely to push the demand for insulin syringes and needles, further fuelling the overall syringes and needles market. Also, a rise in the ageing population (over 65 years) is anticipated to inflate the healthcare service industry and subsequently boost growth of the syringes and needles market.

Rise in self-administration due to the availability of prefilled syringes drives the demand for prefilled disposable syringes and needles at an impressive rate. The availability of new drugs through prefilled syringes and needles is likely to present lucrative opportunities for leading market players as well as pharmaceutical manufacturers.

Market projections (2016–2026)

The GCC syringes and needles market has been segmented on the basis of Product Type (Oral, Hypodermic), Material (Glass, Polymer), Usability (Disposable, Reusable), and End User (Hospital, Blood collection centres, Diabetic care centres, Veterinary care centres, Others). In the product type category, the hypodermic syringes and needles segment has the highest contribution in the GCC syringes and needles market and is expected to project a 90.5% market share by the end of 2026. This segment is likely to register a CAGR of 9.0% during the forecast period. The sales revenue of the oral syringes and needles market in the GCC region is estimated to be valued at US$ 60.5 Mn by the end of 2016 and is expected to increase to US$ 83.5 Mn by 2026. In the usability category, the disposable and reusable syringes and needles segments are expected to grow at a steady pace during the forecast period, registering CAGRs of 9.4% and 7.2% respectively. In the material segment, the polymer syringes and needles segment is expected to hold a market share of 98.2% by 2026, registering a CAGR of 9.1% over the forecast period. The glass syringes and needles segment is estimated to be valued at US$ 15.8 Mn by 2026, registering a CAGR of 3.6% in terms of value over the forecast period. In the end user segment, the hospital segment is expected to be valued at US$ 561.3 Mn by 2026, registering a CAGR of 8.1% in terms of value over the forecast period.

The GCC syringes and needles market has been segmented into six prominent countries – the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Oman, Kuwait, Qatar, and Bahrain. The Kingdom of Saudi Arabia (KSA) market is expected to account for the largest share in the GCC syringes and needles market through 2026 and is anticipated to register a CAGR of 9.0% during the forecast period. The UAE and Oman markets are expected to register CAGRs of 9.1% and 8.6% respectively.

gcc medical syringes market value

Some of the top companies operating in the GCC syringes and needles market are – Becton, Dickinson & Company, Nipro Corporation, Baxter International Inc., B. Braun, Terumo Corporation,    Medtronic PLC., Smiths Group Inc., Abu Dhabi Medical Devices Company,    SAAPP (FZC) LLC., and IBN Sina Medical Factory.

In its latest research, Future Market Insights inspects the GCC syringes and needles market and offers a 10-year forecast of market performance and possible governing trends between 2016 and 2026. The current study reveals the market trends and market dynamics in all the six countries of the GCC that are expected to positively affect the current market environment and future scenario of the syringes and needles market over the forecast period. The prime objective of this report is to offer insights into key developments in the syringes and needles market that are gradually helping transform associated businesses in the GCC region. 

The report begins with market definitions and product usage in the GCC healthcare industry. The subsequent section covers an overview of market dynamics and includes an in-depth analysis of market trends, drivers, restraints, and opportunities impacting the growth of the GCC syringes and needles market. To understand and assess opportunities in this market, the report is categorically divided into key sections – by product type, by material, by usability, and by end user. The following sections evaluate the GCC syringes and needles market for the period 2016–2026 and present the current scenario and future growth prospects across different market segments.

The next section of the report highlights the GCC syringes and needles market by country and provides the market outlook for 2016–2026. The study investigates the country trends contributing to the growth of the GCC syringes and needles market as well as the country-wise market attractiveness index; and also analyses the limit to which the drivers are influencing the syringes and needles market in the GCC region. Countries assessed in this report include the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Oman, Kuwait, Qatar, and Bahrain.

In the final section of the report, a dashboard view of leading companies is provided to compare the current industrial scenario and their contribution to the GCC syringes and needles market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success imperatives in the syringes and needles marketplace. 

Research methodology

To ascertain the GCC syringes and needles market size, the report takes into account the revenue generated by the various syringes and needles manufacturers from the GCC region and suppliers from the rest of the world. The forecast presented here assesses the total revenue generated by value across the GCC syringes and needles market. In order to provide an accurate forecast, the report begins by sizing up the current market, which forms the basis of how the syringes and needles market is expected to develop in the future. Given the characteristics of the market, the report presents triangulated data on the basis of three different types of analysis based on – supply side, downstream industry demand, and the economic envelope. The forecasts presented in the report are not only in terms of CAGR; the report analyses the market based on key parameters such as Year-on-Year (Y-o-Y) growth rates to understand the predictability of the GCC syringes and needles market and to identify the right opportunities across the market. 

The GCC syringes and needles market – segmented by product type, material, usability, end user, and region – has also been analysed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying various key trends in the GCC syringes and needles market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity, usually overlooked while forecasting the market. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective. The overall absolute dollar opportunity along with the segmental split is mentioned in the report. To understand key growth segments in terms of growth and adoption of syringes and needles in the GCC region, Future Market Insights has also developed a market Attractiveness Index to project the market’s attractiveness by segment and region based on factors such as CAGR and incremental opportunity. 

Market segmentation

By Product Type

By Material

By Usability

By End User

  • Oral

  • Hypodermic

  • Standard

  • Special purpose

  • Insulin

  • Tuberculin

  • Other special purpose

  • Angiographic

  • Glass

  • Polymer

 

  • Disposable

  • Reusable

  • Hospital

  • Blood collection centres

  • Diabetic care centres

  • Veterinary care centres

  • Others

Countries covered

  • Kingdom of Saudi Arabia (KSA)

  • United Arab Emirates (UAE)

  • Oman

  • Kuwait

  • Qatar

  • Bahrain

Company profiles 

  • Becton, Dickinson & Company

  • Nipro Corporation

  • Baxter International Inc.

  • B. Braun

  • Terumo Corporation

  • Medtronic PLC.

  • Smiths Group Inc.

  • Abu Dhabi Medical Devices Company

  • SAAPP (FZC) LLC.

  • IBN Sina Medical Factory

Gcc Syringes And Needles Market Reports - Table of Contents

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