Syringes & Cannulas Market Progress & Manufacturer Contribution Highlighted until 2028

Posted on 2019-01-30 by Mark Hub in Internet & Online // 0 Comments

Rockville,USA, 2019-Jan-30 — /EPR Network/ — An above-average rise at 4.0% volume CAGR is foreseen for the syringes & cannulas market over the period of forecast, 2018 to 2028, by a new Fact.MR study. Pervasiveness of syringes in terms of the market volume share continues to prevail, whereas the growth rate will also remain higher for these products, compared to cannulas, through 2028. Additionally, majority volume share of worldwide syringes sales is estimated to remain hinged at disposable variants.

North America has traditionally remained the most remunerative market syringes & cannulas, however emergence of Asia-Pacific excluding Japan (APEJ) as a medical tourism hub has paved abundant opportunities for syringes & cannulas manufacturers. The U.S. continues to lead the North American market for syringes & cannulas, whereas majority of APEJ’s syringes & cannulas market continues to remain consolidated in India, trailed by China. The study finds that the U.S., India, and China collectively account for nearly 45% of the overall syringes & cannulas market.

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Syringes and Cannulas Here-to-Stay amid Emerging Alternatives

Syringes and cannulas are the primary medical instruments used in healthcare facilities for applications ranging from normal drug injections to complex surgeries. Increasing pool of patients and number of surgeries are driving the demand for syringes and cannulas substantially. Further, increasing incidences of chronic diseases such as diabetes and HIV epidemic have fuelled the consumption of syringes and cannulas. Owing to the indispensable nature of syringes and cannulas in the healthcare sector, multiple local manufacturers have emerged in the market to address the broadening gap between demand and suppl

Needleless Connectors and Jet Injectors to Witness Gradual Penetration in Syringes and Cannulas Market

Rapid drug delivery and better outcome required for patients with chronic diseases is providing a fillip for greater investment in advanced medical technologies. Driven by the increasing preference for minimal invasion surgeries, R&D investments are focused on developing next-gen medical instruments such as needleless technologies. Needle-free jet injector delivery system is one of the trending medical technology which received first FDA approval in 2014 for PharmaJet’s injector for a flu vaccine. Further, development of needleless connectors is serving as an efficient alternative of cannulas in term of reduced microbial ingress and integrity maintenance.

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Competitive Landscape

The competitive landscape section of the syringes and cannulas market report profiles key players operating in the global syringes and cannulas landscape. The section also delivers vital information such as product portfolio, notable business strategies and revenue share of key market players. Few of the profiled players in the syringes and cannulas market include Becton, Dickinson and Company (BD), B. Braun Melsungen AG, Edwards Lifesciences Corporation, Terumo Corporation, Medtronic Plc., and Smiths Group plc (Smiths Medical).

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About the Report

The syringes and cannulas market report, recently published by Fact.MR, has compiled recent trends in the medical industry and emerging product innovations that hold significant impact on the futuristic performance of the syringes and cannulas market. A thorough analysis of the supply and demand scenario prevailing across key business regions is covered in the syringes and cannulas market report.

Segmentation

The segmentation section of the syringes and cannulas market report offers vital information regarding all the market segments and sub-segments mentioned in the syringes and cannulas market taxonomy.

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Additional Questions Answered

This section provides the users with additional vital insights of the syringes and cannulas market, apart from the aforementioned key trends.

Which will be the leading product type segment in the syringes and cannulas market?
What are the key strategies adopted by manufacturers to maintain sustainability in the syringes and cannulas market?
How is the syringes and cannulas market developing amid evolving medical technology preferences?
What will be the impact of emerging needleless technology and biobots on the growth of the syringes and cannulas market?

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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