The global demand for Syringes and Cannulas Market is presumed to reach the market size of nearly USD 26.46 MN by 2028 from USD 19.31 MN in 2021 with a CAGR of 4.6% under the study period 2022 - 2028.
Syringes and cannulas are medical equipment that is commonly used to remove bodily fluids and perform procedures. A syringe is a primary reciprocating pump that consists of a plunger (though in current syringes, the plunger is a piston) that fits securely within a cylindrical tube called a barrel. The plunger is linearly pulled and pushed along the inside of the tube so that syringe can take in and expel liquid or gas out a discharge hole at the front (open) end of the tube. On the other hand, a cannula is made up of a thin hollow tube with a retractable inner tube. Cannula encircles a trocar needle's inner or outer surfaces, extending the effective needle length by at least half the original needle length.
Market Dynamics
The 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. The issue of needlestick injuries is primarily addressed by the development of various safety measures such as passive needle guards with a plastic shield and improved retractable needle systems. Syringe advancements reduce the combined problem of syringe reuse and accidental needlestick injuries. Syringes with automated retraction technology reduce the danger of a contaminated needlestick and sharp injuries among healthcare professionals. Furthermore, the automated withdrawal of the needle essentially prevents the instrument from being reused. As a result, recent technical improvements are a primary factor driving up demand for syringes and cannulas. Additionally, the rising incidence of infectious diseases and communicable disorders is predicted to boost the demand for disposable and reusable syringes. The demand for syringes and cannulas is also projected to increase due to the increased number of government and non-government-sponsored vaccination drives. Furthermore, the expanding number of medical procedures requiring cannulas is expected to increase demand for the same, consequently bolstering the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of syringes and cannulas. The growth and trends of syringes and cannulas industry provide a holistic approach to this study.
Market Segmentation
This section of the syringes and cannulas market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By End Users/Applications
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Syringes and Cannulas market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Syringes and Cannulas Market Share by Region (Representative Graph)
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.
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