Global Syringe and Needle Market is Expected to Grow at a CAGR of 5.5% During the Forecast Period
Market Research Future published research report on “Global Syringe and Needle Market Research Report - Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The Global Syringe and Needle Market is rising with a swift pace; mainly owing to increase in patient population. According to World Gastroenterology Organization, 35-40 % of the world’s total population are suffering from acute or chronic gastrointestinal problems. Also, according to the World Cancer Research Fund International, in 2015, cancer was responsible for 8.8 million deaths, and is the second leading cause of death across the globe. Increasing consumer awareness about the benefits associated with disposal syringe and needle, increasing the demands Globally. Global Syringe and Needle Market is expected to grow at a CAGR of 5.5% during the forecast period.
Companies are continuously inventing new products to capture the market Globally. Thus, major players invest more in research and development activity, in order to lead the Global market. In this regards, Becton, Dickinson & Company, in 2016, launched first syringe designed for use with Humulin are you-500 insulin which is designed by Eli Lilly & Company. It helps to treat patient with high blood sugar along with diabetes. Companies are investing more into research and development in order to develop quality and advance products, which help them to lead the Global market.
Global Syringe and Needle Market - Key Players Becton, Dickinson & Company (U.S.), B. Braun Melsungen AG (Germany), Medtronic plc. (Ireland), Terumo Corporation (Japan), Smiths Medical (U.S.), Retractable Technologies Inc. (U.S.), Alcon Laboratories Incorporated (U.S.), Parker Dayton Technology Suzhou Co., Ltd. (China) and Light Medical Products Co., Ltd. (U.S.) are some of the leading players at the cutting edge of the competition in the market of syringe and needle, Globally.
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Global Syringe and Needle Market – Segments
The Global Syringe and Needle Market is segmented on the basis of type, therapeutic application, usability, and end-user. On the basis of type, the market is segmented into blood collection needles, ophthalmic needles, bone marrow needles, catheter needles, dental needles, epidural needles, AV fistula needles, pen needles, fine aspirating needles, biopsy needles, intravenous needles, spinal anesthesia needles, and suture needles. On the basis of therapeutic application, the