MENA Syringe and Cannula Market is projected to surge to a value of US$ 2.4 Billion by 2031, as per FMI’s report

The MENA Syringes and Cannula Market Syringe and cannula demand in MENA is anticipated to increase at a 6.4% CAGR throughout the projection period. By 2031, the market valuation is anticipated to reach US$ 2.4 billion. In 2020, the disposable segment had 87.3% of the market share overall, and this pattern is anticipated to hold throughout the forecast period.

Increasing preference for elective medical procedures and surgeries, as well as rising medical supply consumption, are driving demand for cost-effective equipment and healthcare supplies.

The COVID-19 pandemic increased hospitalisation rates, and MENA saw a surge in demand for medical supplies such as syringes, cannulas, and personal protective medical equipment. With an increase in overall medical supply consumption, the region is seeing a growing trend toward the use of syringes and cannulas, boosting the market.

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For single-use cases, medical products such as syringes and cannulas are used to prevent the spread of infectious agents and contaminants to providers and patients. This factor reduces the average duration of such product use while increasing the demand for syringes and cannulas in medical settings.

According to an FMI analyst, “rising diabetes incidence and growing preference for cosmetic surgeries among individuals are expected to create opportunities for growth in the MENA syringers & cannula market.”  

Key Takeaways:

• In 2020, the medical protective equipment segment accounted for 59.8% of the total market share.
• In 2020, the disposables segment accounted for 87.3% of the MENA syringes & cannula market.
• In terms of distribution channels, institutional sales are the dominant segment, accounting for approximately 63.8% of the total market share in 2020.
• Saudi Arabia held 16.2% of the total market share in 2020, a trend that is expected to continue throughout the forecast period.

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Competition Landscape:

• To gain a competitive advantage, key players in the MENA syringes & cannulas market are launching novel products. They are also expanding their footprint through mergers, acquisitions, and collaborations. As an example:
• In June 2021, Becton Dickinson and Company received an order for needles and syringes to participate in a vaccination drive in 40 countries, including Saudi Arabia, Germany, and South Africa.
• In August 2021, Hindustan Syringes and Medical Devices Ltd met a milestone target of producing 1 billion auto-disposable syringes for COVID 19 vaccinations. The company now has the capacity to produce 50 crore AD syringes per year.

Want more insights?

Future Market Insights brings a comprehensive research report on forecasted revenue growth at MENA, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2030. The MENA syringes & cannula market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study offers compelling insights into the MENA syringes and cannula market segmentation based on product (syringes [disposable hypodermic syringes, auto disposable syringes, safety syringes, prefilled syringes, and insulin syringes], cannulae [neonatal cannulae, straight cannulae, winged cannula

Key Market Players:

• Ambu A/S
• Becton, Dickinson and Company
• Cardinal Health
• Braun Medical Inc.
• Medline Industries Inc.
• Nipro Corporation
• Terumo Corporation
• Hindustan Syringes & Medical Devices Ltd.
• Schott Kaisha Private Limited
• Edwards Lifesciences Corporation

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Key Market Segments Covered in MENA Syringes & Cannula Industry Research:

By Product:

• Syringes
  • Disposable Hypodermic Syringes
  • Auto Disposable Syringes
  • Safety Syringes
• Cannula
  • Neonatal Cannulae
  • Straight Cannulae
  • Winged Cannulae
  • Cannulae with Wings & Port
• Medical Protective Equipment
  • Medical Masks
  • Surgical Masks
  • N95 Respirators
  • Medical Gloves
• Vacutainers
• Blood Collection Needles

By Usage:

• Reusable
• Disposable

By Distribution Channel:

• Institutional Sales
  • Hospitals
  • Ambulatory Surgical Centres
  • Office-based Clinics
  • Skilled Nursing Facilities & Long Term Care Centres
• Retail Sales
  • Retail Pharmacies
  • Drug Stores
  • Retail Stores (Hypermarket/Supermarket)
  • Online Sales

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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