Hospitals & Clinics Segment to Dominate the Saudi Arabia Syringe Market till 2026
High adoption of injectable drugs and
rise in health awareness is expected to drive the demand for Saudi Arabia Syringe
market throughout the forecast period.
According to TechSci Research report, “Saudi
Arabia Syringe Market By Product Type (General, Specialized, Smart) By
Material (Plastic, Glass, Others) By Usage (Reusable v/s Disposable) By End
User (Hospitals & Clinics, Blood Collection Centers, Diabetes Care Centers,
Others) By Company, By Region, Forecast & Opportunities, 2026”, the Saudi Arabia Syringe market is expected to grow at a
steady rate in the forecast period. The syringe is a glass or plastic tube with
a needle and is used for taking in or expelling blood or for putting drugs into
the body. Innovations in Syringe such as contraceptives and biosimilar
injections, generic injections are creating new avenues for the Syringe market
growth. The rise in government initiatives to promote healthcare facilities in
Saudi Arabia by recognizing healthcare as a basic right and providing
reimbursements policies for availing medical facilities are contributing
significantly to the Saudi Arabia Syringe market growth. An increase in the
birth rate in Saudi Arabia is expected to increase the demand for vaccines and
tetanus for small children. The use of narcotics given to laboring mothers
brings down the pain and is most effective during the early labor cases. The
adoption of standard Syringes due to their easy usability has led to high
demand for Syringes as a household commodity which is enabling proper training
the consumers to administer common vaccines by themselves in the hour of need.
Diagnostic and therapeutic techniques which are used to provide treatment for
chronic diseases used in the test and drug administration purpose are leading
to the high demand for Syringes in Saudi Arabia. Growing acceptance for
prefilled Syringes as they provide the benefit of accurate dosing as they are
pre-filled already and do not require medical assistance with doses required
according to the drug.
Due
to the ongoing pandemic of the COVID-19 market, lockdown is imposed all over
the world. Manufacturing units were temporarily shut down and the economy took
a hit. Many people are suffering from coronavirus and are in dire need of
vaccination to protect themselves from getting affected by the coronavirus.
However,
high prices for safety Syringe equipment and the rise in cases of injuries by
needle sticks may pose a challenge in the growth of the Saudi Arabia Syringe market.
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Saudi Arabia Syringe market is segregated into
product type, material, usage, end user, region, and company. Based on usage,
the market is bifurcated into reusable and disposable. The disposable segment
is expected to dominate in the forecast period, 2022-2026. The rising
preference of consumers to deliver the drug through injections to ensure quick
reaction time to provide immediate relief to patients is increasing the Syringe
demand. The surging old-age population in Saudi Arabia and increasing
preference for self-treatment in medical emergencies and to avoid unnecessary
medical costs are contributing to the market growth. Reusable Syringes are
highly prone to risks from infection thereby leading to high disposable demand
in Saudi Arabia. Based on product type, the Syringe market is categorized into
general, specialized, and smart. Specialized Syringes are expected to witness
incremental growth during the next five years owing to their accuracy in the
drug delivery process via underfilling and overfilling processes. Specialized
Syringes aids in lowering the healthcare cost by performing multiple injection
functions at the cost of a single Syringe. Also, the rise in awareness about
the early diagnosis and treatment and rising preference for injections for
quick treatment are contributing to the growth of the highly specialized
Syringes market demand. Based on end user, the market is fragmented majorly
into hospitals & clinics, blood collection centers, diabetes care centers,
and others. Hospitals and clinics are expected to hold a major market share due
to the high prevalence of chronic diseases and affordability for quality
treatment. The high number of surgeries performed by healthcare professionals
requiring injections to provide crucial vials is also aiding the market growth.
AlShifa Medical Products Co., Vernal Group
(International Korean Medical Company), Saudi Mais Co., Medtronic Saudi Arabia
Co., Becton, Dickinson, and Company Saudi Arabia, Nipro Middle East FZE,
Mediserve (B. Braun), Baxter Company Limited (BCL), among others are some of
the leading players operating in Saudi Arabia Syringe market. Companies operating in the market are using strategies
such as joint ventures, product launches, mergers, and research collaborations
to boost their share and increase their geographic reach.
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“Adoption
of smart Syringes by the healthcare industry which are equipped with safety
mechanisms to avoid the reuse of Syringes that prevent the transmission of
bloodborne diseases such as human immunodeficiency virus, hepatitis C virus,
hepatitis B virus, among others which can happen while using the old Syringes
or the infected Syringe by the healthcare professionals. The high demand for
safety Syringes is driving the Syringe demand in Saudi Arabia. Research and
development activities to upgrade the existing infrastructure and increase the
application of Syringe in different sectors such as the automobiles industry is
propelling the Syringe market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Saudi
Arabia Syringe Market By Product Type (General, Specialized, Smart) By Material
(Plastic, Glass, Others) By Usage (Reusable v/s Disposable) By End User
(Hospitals & Clinics, Blood Collection Centers, Diabetes Care Centers,
Others) By Company, By Region, Forecast & Opportunities, 2026”, has evaluated the future growth potential of Saudi
Arabia Syringe market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Syringe market.
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