MENAT Syringe Market
The market growth is mainly attributed to factors such as growing prevalence of chronic diseases and infectious diseases and increasing adoption of injectable drugs. However, an increase in cases of needlestick or sharp injuries (NSIs) is likely to hinder the market growth.
The MENAT syringe market is segmented into Saudi Arabia, South Africa, the UAE, Turkey, Egypt, Morocco, and the Rest of MENAT. Saudi Arabia and South Africa are expected to be the major contributors to the MENAT syringe market due to the rising prevalence of noncommunicable and communicable diseases.
Increasing Adoption of Injectable Drugs
Parenteral injection offers drug dosage reliability and precision, as well as rapid onset of drug action. Injectable drug delivery devices, such as conventional syringes, needle-free injectors, and auto and pen injectors, are extensively used for drug administration to treat diseases ranging from cancer to autoimmune disorders. The administration of biologics is mainly done through the injectable route. Pharmaceutical companies have started the production of biologics in the MENAT region. For instance, in November 2021, Merck KGaA announced that it would help SaudiVax of Saudi Arabia design and build a multimodality biologics manufacturing facility as part of the country’s efforts to provide a more localized production infrastructure for the Middle East and North Africa region. Further, in December 2020, SaudiVax Ltd. signed a memorandum of understanding (MoU) with Johnson & Johnson Middle East FZ LLC for localization of the manufacturing of top biological drugs. Thus, SaudiVax is established as the manufacturing partner of Johnson & Johnson in Saudi Arabia for local production of drug products of the highest quality.
There is a growing demand for vaccines, insulin, human growth hormone, and many modern medicines to treat cancer and other chronic diseases. As per BioPharm International, biologics currently account for ~70% of the top-10 selling drugs in the world. Thus, the rising adoption of injectable drugs demands increased use of syringes, which is boosting the market growth.
Syringe Type-Based Insights
Based on syringe type, the MENAT syringe market is segmented into luer lock syringes, glass syringes, luer slip syringes, and others. In 2021, the luer lock syringes segment held the largest share of the market. The glass syringes segment is expected to grow fastest in the coming years.
Application-Based Insights
Based on application, the MENAT syringe market is segmented into aesthetics, human health, lab/industrial, and others. In 2021, the human health segment held the largest share of the market. The aesthetics segment is expected to grow at the fastest rate in the coming years.
Usability-Based Insights
Based on usability, the MENAT syringe market is segmented into sterilizable/reusable syringes and disposable syringes. In 2021, the disposable syringes segment held a larger share of the market. The sterilizable/reusable syringes segment is expected to grow at a faster rate during the coming years.
End User-Based Insights
Based on end user, the MENAT syringe market is segmented into hospitals & clinics, blood collection centers, diabetic care centers, and others. In 2021, the hospitals & clinics segment held the largest share of the market. The diabetic care centers segment is expected to grow at the fastest rate in the coming years.
World Health Organization (WHO), US Department of Health and Human Services, Arthritis Foundation, World Heart Federation, American Diabetes Association, Department of Health – Abu Dhabi, International Diabetes Federation (IDF), and National Library of Medicine (NLM) are among the major primary and secondary sources referred to while preparing the report on the MENAT syringe market.
Strategic insights for the MENAT Syringe provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 882.66 Million |
| Market Size by 2028 | US$ 1,570.79 Million |
| Global CAGR (2022 - 2028) | 8.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Syringe Type
|
| Regions and Countries Covered | MENAT
|
| Market leaders and key company profiles |
The geographic scope of the MENAT Syringe refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MENAT Syringe Market is valued at US$ 882.66 Million in 2021, it is projected to reach US$ 1,570.79 Million by 2028.
As per our report MENAT Syringe Market, the market size is valued at US$ 882.66 Million in 2021, projecting it to reach US$ 1,570.79 Million by 2028. This translates to a CAGR of approximately 8.6% during the forecast period.
The MENAT Syringe Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the MENAT Syringe Market report:
The MENAT Syringe Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The MENAT Syringe Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the MENAT Syringe Market value chain can benefit from the information contained in a comprehensive market report.
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