Around 2 million people get infected with diseases such as HIV and hepatitis each year due to reusable syringes. Disposable syringes prevent the plunger being pulled back after an injection so that it cannot be used again. Thus, use of disposable syringes is gaining wide popularity in hospitals in every part of the world. Expected advantages are ensuring sterility and preventing the spread of infections from patient to patient. Parallel to this, there is also the need to improve disposal facilities at hospital. Across regions, demand for plastic-made syringes and cannulas is high, with a market share of close to 95%.
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Syringes and Cannulas Market Segmentation
By Region
- North America
- Europe
- East Asia
- South Asia
- Latin America
- Oceani
- Middle East & Africa
By Cannulas
- Neonatal Cannula
- Straight Cannula
- Winged Cannula
- Cannula with Wings and Ports
- Cannula with Integrated Stop Cocks
- Nasal Cannula
Competitive Landscape
Key players in the syringes and cannulas market are adopting acquisitions, mergers, expansion, agreements, and product launches as key strategies to increase revenue across different geographies.
Companies are increasingly focusing on developing and underdeveloped regions. Manufacturers in the market are aiming to make products available through geographical expansion in emerging and low income countries.
For instance, in October 2017, Applied Medical Devices Corporation announced the expansion of its medical device manufacturing and R&D facility in Europe to target countries across Europe, the Middle East, and Africa.
Moreover, companies are heavily investing in R&D to expand their product portfolios and market presence globally, especially to cater the evolving needs of patients.
