GCC Syringes and Needles Market Consumption, Industry Trends, Market Drivers, Opportunities and challenges

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GCC Syringes and Needles Market 2021 COVID-19
Growth And Change, Report Offering Market
Outlook, SWOT Analysis, Review Forecast - 2026

• April 2021

Report Id REP-GC-1874 Published On
2016-09-19Category Healthcare, Pharmaceuticals
Medical Devices
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GCC Syringes and Needles Market Analysis
The GCC syringes and needles market is projected
to register a CAGR of 9.0 between 2016 and 2026,
reaching a market valuation of US 874.0 Mn by
2026. In a new report titled "GCC Syringes and
Needles Market Industry Analysis and Opportunity
Assessment, 2016 2026", Future Market Insights
examines the GCC syringes and needles market and
presents useful insights on market performance
and key drivers and trends likely to govern the
market in the coming 10 years. Syringes and
needles are collectively known as a "Sharps".
Syringes and needles are the most widely used
disposables used in various applications such as
injections, infusions, and blood or specimen
collection. Within applications, the injection or
the drug delivery segment is the most popular and
leads the syringes and needles market. Syringes
and needles are basically made of polymer and
glass material. The syringes and needles market
in the GCC region is estimated to register a
significant growth over the forecast period
(2016-2026) due to the growing prevalence of
chronic diseases such as diabetes, cancer,
chronic intestinal diseases, and hepatic failure.
Increase in the economic standards and disposable
income of individuals across the region are also
positively favouring the growth of the GCC
syringes and needles market. Request a Free
Sample Report http//www.futuremarketinsights.com
/reports/sample/rep-gc-1874
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GCC Syringes and Needles Market Analysis
Further, rising adoption and an 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 instances of diabetes in the
GCC region is likely to accelerate the demand for
insulin syringes and needles and this is expected
to further fuel growth of the overall syringes
and needles market. Also, a rise in geriatric
population 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. The availability of new drugs through
prefilled syringes and needles is likely to
present lucrative opportunities for players as
well as pharmaceutical manufacturers in the GCC
syringes and needles market. 
A key trend defining the market is that larger
players are focusing on enhancing their
geographical presence and expanding their
customer base by entering into strategic mergers
and acquisitions. There is also a rising trend
towards the adoption of plastic syringes and
needles owing to their inherent benefits over
glass syringes.
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GCC Syringes and Needles Market Analysis
Market projections The polymer syringes and
needles segment is expected to project a healthy
growth over the forecast period. This segment is
estimated to be valued at US 359.3 Mn by the end
of 2016 and is expected to increase to US 858.2
Mn by 2026, registering a CAGR of 9.1 in terms
of value over the forecast period. The polymer
syringes and needles segment is expected to hold
a greater market share than that of the glass
syringes and needles segment. Polymer syringes
and needles are highly resistant to breakage and
come with an affordable price tag over glass
syringes and needles. There are also growing
regulatory concerns over increased possibilities
of injuries and accidents occurring with the use
of glass syringes and this is likely to lead to a
restrained growth of the glass syringes and
needles market in the GCC region over the
forecast period.
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GCC Syringes and Needles Market Analysis
The disposable syringes and needles segment is
anticipated to become the highly potential
segment as compared to the reusable syringes and
needles segment over the forecast period due to
increasing demand of disposable syringes and
needles. In terms of volume, the hospital segment
is estimated to be valued at 8,936 Mn by 2026,
projecting a volume CAGR of 6.8 over the
forecast period. Request for Table of Content
with Figure http//www.futuremarketinsights.com/t
oc/rep-gc-1874 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 likely to dominate the GCC syringes and
needles market, accounting for maximum revenue
share of the market by the end of 2016.
Collectively, the United Arab Emirates (UAE) and
Oman markets are expected to account for over
21.2 revenue share of the GCC syringes and
needles market by the end of 2016. Among the
emerging markets, Kuwait is estimated to exhibit
a significant CAGR of 1.7 over the forecast
period followed by the Qatar market, due to
recent industry developments and favourable trade
policies.
Ask an Analyst _at_ https//www.futuremarketinsights.
com/ask-question/rep-gc-1874
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GCC Syringes and Needles Market Analysis
Some of the key market players profiled in the
GCC syringes and needles market report include
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.
Request for covid19 Impact Analysis
_at_ https//www.futuremarketinsights.com/covid19/rep
-gc-1874
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GCC Syringes and Needles Market Analysis
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