The syringes and needles market is anticipated to develop at a Compound Annual expansion Rate (CAGR) of 5.40% through 2034, suggesting significant potential for expansion. The GCC’s syringe and needle market is expected to increase significantly; sales are expected to exceed US$ 688.5 million in 2024 and reach a valuation of US$ 1,164.90 million by 2034.
In the delivery of healthcare, syringes and needles are crucial instruments for delivering drugs, immunizations, and diagnostic tests. The GCC region’s requirement for syringes and needles is steadily rising due to the rising incidence of chronic diseases, the growing healthcare infrastructure, and growing public awareness of infection prevention.
The GCC region’s syringe and needle market is expanding due to a number of factors, such as improved healthcare infrastructure, a rise in the prevalence of chronic illnesses, and government programs that improve access to and quality of healthcare. All of these elements work together to fuel the growing requirement in GCC healthcare institutions for dependable and effective medical supplies like syringes and needles.
Government reforms and initiatives in the GCC countries have played a pivotal role in strengthening healthcare systems, driving improvements aimed at enhancing quality and efficiency. These initiatives underscore a commitment to advancing healthcare infrastructure and services, ultimately benefiting patients and healthcare providers across the region.
Strengthen Position With Your Report Sample:
https://www.futuremarketinsights.com/reports/sample/rep-gc-1874
In the Kingdom of Saudi Arabia, the prevalence of diabetes was approximately 31.6% in 2017, according to a Saudi Medical Journal study. Additionally, the rising incidence of non-communicable diseases, cancer, cardiovascular disease, and other chronic illnesses that need long-term care in addition to diabetes is a major factor driving up demand for disposable syringes and needles in these nations and is expected to have a positive effect on market growth during the forecast period.
His Excellency Mohammed Al Hamed, the Chairman of the Department of Health, paid a visit to the Abu Dhabi Medical Devices company’s headquarters factory in February 2021 to supervise the measures taken to combat the COVID-19 pandemic. The company has collaborated with several international organizations, including UNICEF and COVAX, to supply syringes and needles for the global vaccination program.
Key Takeaways:
- Steady Growth Trajectory: The GCC syringes and needles market is on a steady growth trajectory, driven by increasing healthcare needs and advancements in medical technology.
- Rising Demand: The demand for syringes and needles in the GCC region is fueled by factors such as population growth, expanding healthcare infrastructure, and a growing focus on preventive healthcare measures.
- Government Initiatives: Government initiatives aimed at improving healthcare accessibility and quality play a crucial role in driving market growth, fostering a conducive environment for healthcare infrastructure development.
- Technological Advancements: Technological advancements in syringe and needle design, such as safety features and enhanced usability, contribute to market expansion by addressing concerns related to infection control and patient safety.
- Investments in Healthcare: Increasing investments in healthcare infrastructure and medical facilities across the GCC countries further stimulate demand for syringes and needles, supporting the market’s growth trajectory.
“In order to cater to surging demand, market players are eyeing for strategic collaborations. Besides this, they are investing in research and development initiatives to strengthen their product portfolio. This is expected to help in the growth of the market over the coming years,” said a lead FMI analyst.
Ask Question:
https://www.futuremarketinsights.com/ask-question/REP-GC-1874
GCC Syringes and Needles Market – Competitive Landscape:
Companies operating in the GCC syringes and needles market are actively seeking to strengthen their position through product approval, collaborations, merge & acquisition, and partnerships, agreements with established as well as emerging market players. Besides this, some are focusing on product launches. For instance:
In December 2020, B. Braun Melsungen AG launched the COVID-19 vaccination sets for a contract with the Federal Office of Public Health and Federal Department of Defense, Civil Protection and Sport as a part of their efforts to contribute to the vaccination drive in Switzerland.
In March 2021, Terumo Corporation began production of syringes which can yield up to 7 shots per vial of COVID-19 vaccine. This syringe was launched in accordance with the vaccine doses of Pfizer.
Key Companies Profiled:
- Becton, Dickinson and Company
- Nipro Corporation
- Baxter International Inc.
- B. Braun Melsungen AG
- Terumo Corporation
- Medtronic PLC
- Smiths Group PLC
- Abu Dhabi Medical Devices Company
- SAAPP (FZC) LLC.
- IBN Sina Medical Factory
Secure Your Market Analysis Now: Purchase Now to Access:
https://www.futuremarketinsights.com/checkout/1874
Key Segmentation:
Product:
- Oral
- Hypodermic
- Standard
- Special Purpose
- Insulin
- Tuberculin
- Other Special Purpose
- Angiographic
Usability:
- Disposable
- Reusable
Material:
- Glass
- Polymer
End User:
- Hospital
- Blood Collection Center
- Diabetic Care Center
- Veterinary Care Center
- Others
Countries:
- Kingdom of Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Qatar
- Bahrain
- Oman
- Kuwait
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
