DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Syringes and Needles Market: GCC Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.
The GCC syringes and needles market is anticipated to reach a value of US$ 874.0 Mn by 2026, registering a CAGR of 9.0% during the forecast period (2016-2026)
The rapidly growing healthcare service industry throughout the GCC region and the technological advancements over the last few years are expected to boost the growth of the medical disposable industry as well as the syringes and needles market in the GCC region. The consumption of syringes and needles in the GCC region is estimated to touch 6,649 Mn units by the end of 2016 and is expected to increase to 13,900 Mn units by 2026.
The syringes and needles market in the GCC region is projected to register a significant growth over the forecast period due to the growing prevalence of chronic diseases such as diabetes, cancer, chronic intestinal diseases, and hepatic failure - responsible for the growth of the overall healthcare service industry. Besides, rising adoption and 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 reported cases of diabetes in the GCC region is likely to push the demand for insulin syringes and needles, further fuelling the overall syringes and needles market. Also, a rise in the aging population (over 65 years) 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 at an impressive rate. The availability of new drugs through prefilled syringes and needles is likely to present lucrative opportunities for leading market players as well as pharmaceutical manufacturers.
Some of the top companies operating in the GCC syringes and needles market are
- Becton, Dickinson & Company
- Nipro Corporation
- Baxter International Inc
- B. Braun
- Terumo Corporation
- Medtronic PLC
- Smiths Group Inc
- Abu Dhabi Medical Devices Company
- IBN Sina Medical Factory
For more information about this report visit http://www.researchandmarkets.com/research/g8qkz9/syringes_and