Syringes and Cannulas Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019
Global syringes and cannulas market is envisioned to value over US$ 24.5 Billion by 2029 end and register a CAGR of over 4% from 2019 to 2029. Rising surgeries alongside a growing pool of patients are accelerating the growth of the market. Since the healthcare industry requires syringes and cannulas in bulk, multiple local manufacturers have appeared to fulfil the bulk supply with affordable rates. This has inflated the size of the market. The market is bifurcated on product type and end users. Product type consists of syringes and cannulas. The emergence of prefilled syringes is expected to boost the growth of the market in the coming time. Syringes are witnessed to dominate the market. The growing emphasis on disposable syringes has fueled the growth of the market. Disposable syringes prevent in spreading of infectious disease. Initiatives like WHO's initiative of use of smart syringes to promote the safe usage of syringes is expected to propel the growth of the market. Rising use of auto-disable syringes is also expected to complement the growth of the market. Also, further advancement in needleless connectors is giving an efficient replacement of cannulas. Research and Development investments are also aiming to develop the next-gen medical tool which would accelerate the growth of the market. Based on end users, the market is divided into hospitals, diagnostic laboratories, clinics, nursing facilities, and others. Hospitals are expected to dominate the market during the forecast period. Hospital is equipped with the latest technologies and skilled professionals The rising number of procedures alongside rising healthcare expenditure remains the key factor behind the growth. Clinics are also expected to complement the growth of the market during the forecast period. Approval of US$ 105 Million non-reimbursable funds approved by government based primary healthcare remains a key factor behind the expansion of clinics in the US. Based on regions, North America holds the majority share of the market. The presence of prominent players alongside the rising number of surgeries remains the major factor behind the growth of the market. Asia-Pacific region is expected to dominate the market in the coming years. Growing R&D investments coupled with the rapid increase of healthcare infrastructure is driving the growth of the market in the region. Availability of the products at affordable rates is also complementing the growth of the market in the region. For instance, the National Pharmaceutical Pricing Authority (NPPA) in India estimated a mark-up of approx 64% in retail prices of syringes in FQ 2019. Established players of the market are Lifesciences Corporation, Medtronic Plc., Becton, Edwards Lifesciences Corporation, B.Braun Melsungen AG and others. Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=1275&page=requestsample Global Syringes and Cannulas Market Segmentation By Product Type u2022 Syringes u2022 Cannulas By End Users u2022 Hospitals u2022 Diagnostic Laboratories u2022 Clinics u2022 Nursing Facilities u2022 Others By Region: u2022 Europe u2022 North America u2022 APAC u2022 Latin America u2022 Rest of World Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=1275&page=askfordiscount Competitive Landscape: u2022 Tier 1 players- established companies in the market with a major market share u2022 Tier 2 players u2022 Emerging players which are growing rapidly u2022 New Entrants FutureWise Takeaways: u2022 Growth prospects u2022 SWOT analysis u2022 Key trends u2022 Key data points affecting market growth Objectives of the Study: u2022 To provide with an exhaustive analysis on the syringes and cannulas market based on the product type, end user, and region u2022 To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) u2022 To evaluate and forecast micro-markets and the overall market u2022 To predict the market size, in key regions (along with countries)u2014North America, Europe, Asia Pacific, Latin America, and the Middle East u2022 To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions u2022 Profiling of companies to evaluate their market shares, strategies, financials and core competencies Inquire further details about this report at: sales@futurewiseresearch.com About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry u2013 a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: sales@futurewiseresearch.com Phone: 44 141 628 9353 / 1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
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