The MENA Syringes and Cannula market is expected to exceed US$ 1.2 billion in 2020, with a CAGR of close to 6.4% over the forecast period (2021-2031).
The rising popularity of elective medical procedures and surgeries, as well as rising medical supply consumption, are driving demand for low-cost equipment and healthcare supplies.
The COVID-19 pandemic increased hospitalisation rates, and demand for medical supplies such as syringes, cannulas, and personal protective medical equipment increased in the Middle East and North Africa. As overall medical supply consumption rises, the region is seeing a growing trend toward the use of syringes and cannulas, which is boosting the market.
Medical products such as syringes and cannulas are used in single-use cases to prevent the spread of infectious agents and contaminants to providers and patients. This factor shortens the average time spent using such products while increasing the demand for syringes and cannulas in medical settings.
"Rising diabetes incidence and growing preference for cosmetic surgeries among individuals are expected to create opportunities for growth in the MENA syringers & cannula market," according to an FMI analyst.
Key Takeaways:
- In 2020, the medical protective equipment segment accounted for 59.8% of the total market share.
- In 2020, the disposables segment accounted for 87.3% of the MENA syringes & cannula market.
- In terms of distribution channels, institutional sales are the dominant segment, accounting for approximately 63.8% of the total market share in 2020.
- Saudi Arabia held 16.2% of the total market share in 2020, a trend that is expected to continue throughout the forecast period.
Competition Landscape
- To gain a competitive advantage, key players in the MENA syringes & cannulas market are launching novel products. They are also expanding their footprint through mergers, acquisitions, and collaborations. As an example:
- In June 2021, Becton Dickinson and Company received an order for needles and syringes to participate in a vaccination drive in 40 countries, including Saudi Arabia, Germany, and South Africa. • In August 2021, Hindustan Syringes and Medical Devices Ltd met a milestone target of producing 1 billion auto-disposable syringes for COVID 19 vaccinations. The company now has the capacity to produce 50 crore AD syringes per year.
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Future Market Insights provides a comprehensive research report on forecasted revenue growth at the MENA, regional, and country levels, as well as an analysis of the most recent industry trends in each sub-segment from 2016 to 2030. The MENA syringes & cannula market is segmented in depth to cover every aspect of the market and provide the reader with a comprehensive market intelligence approach.
The study provides compelling insights into the product segmentation of the MENA syringes and cannula market (syringes [disposable hypodermic syringes, auto disposable syringes, safety syringes, prefilled syringes, and insulin syringes], cannulae [neonatal cannulae, straight cannulae, winged cannulae
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Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
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The lower cost of progression-free survival (PFS) compared to hospitals or ambulatory service centers (ASCs) care leads to high market demand in recent years.
Moreover, the Budding healthcare industry and technological advancements like the advent of smart syringes are likely to create lucrative growth opportunities for key players of the Ampoules and syringes market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
COVID-19 Impact Analysis on Syringes and Cannulas Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the syringes and cannulas market include BD, Medtronic, B. Braun Melsungen, Edwards Lifesciences Terumo, Smiths Group, Novo Nordisk, Arab Medical Equipment, Abu Dhabi Medical Devices.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Syringes and Cannulas Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/syringes-and-cannulas-market/download-sampleMarket DynamicsThe advent of needlestick safety-equipped devices, enhanced lubrication technology, and the use of multi-chamber syringes, among other technological breakthroughs connected to disposable syringes, have increased the demand for disposable syringes throughout areas.
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Additionally, the rising incidence of infectious diseases and communicable disorders is predicted to boost the demand for disposable and reusable syringes.
