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Saudi Arabia Syringe Market

Saudi Arabia Syringe Market, By Type (General, Specialized, Smart, and Others), By Material (Plastic, Glass, and Others), By End-User (Hospitals & Clinics, Diabetes Care Centre, Blood Banks Centre, Others), By Usage (Reusable, Disposable), By Region (Central, Southern, Eastern, and Western), Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • Published Date: July 2022
  • Report ID: BWC22231
  • Available Format: PDF
  • Page: 112

Report Overview

Saudi Arabia Syringe Market is flourishing owing to the expansion of the healthcare industry, changing attitudes toward vaccinations, advancements in the syringes technologies market, rising popularity of cyclic olefin polymers (COP) syringes, and the growing need to reduce the mortality rate of some lethal diseases are all contributing factors...

Saudi Arabia Syringe Market - Industry Trends & Forecast Report 2028

Saudi Arabia Syringe Market is forecast to grow at a CAGR of 12.4% during the forecast period (2022-2028), predominantly due to the rapidly expanding healthcare industry. Some of the major factors driving the growth of the syringes market include an increase in vaccination administration rates nationwide, the increasing incidence of chronic and infectious diseases, the growing popularity of disposable syringes, and a growing preference for injections due to their faster actions. Moreover, a thriving insulin syringes market, as well as rising penetration of prefilled syringes in developing regions, is positively influencing medical syringes sales. Additionally, syringes are now widely used in hospitals, research laboratories, pharmaceutical manufacturing, and clinical research laboratories. They are increasingly being used to administer a variety of healthcare products as well as to withdraw body fluids for disease diagnosis or research purposes. Furthermore, the main factor driving the demand for syringes is thought to be the growing acceptance of safety syringes by Saudi Arabian citizens. In Saudi Arabia, the market for syringes is expanding due to the increased need for vaccinations and immunizations. A strong preference for injectable medications is fostering market expansion. the increase in medical procedures performed to treat disorders.

Syringe - Overview

A tiny hollow tube is used to inject or remove liquids. It is connected to a needle so that fluids or medications could be injected into the body. A needle is connected to a hollow cylinder that has a movable plunger in a medical syringe. The plunger moves downward to inject fluid and upward to remove the fluid. There are two main types of syringes such as Luer Slip and Luer Lock. Also, Syringes are among the most widely used healthcare products, with medical professionals using them to inject liquids and semi-solid substances into the bodies of humans and animals. They are also used to withdraw fluids and clean wounds or body cavities.

Saudi Arabia Syringe Market Forecast and Trends

Growth Drivers

Vaccine Consumption is Driving up Demand for Disposable Syringes in Saudi Arabia

With a changing attitude toward vaccination, a rapidly growing population, increased health awareness among people, an increase in a variety of diseases, and the rapid expansion of the disposable syringes market. Saudi Arabia has one of the world's fastest-growing economies and a large population. The country is quickly becoming a popular destination for syringes. Factors such as increased government initiatives to vaccinate every newborn child, a large presence of syringe manufacturers, and awareness about the latest syringes market trends are boosting the growth of the syringes market in Saudi Arabia.

Increasing Incidence of Chronic and Infectious Diseases

The market is anticipated to grow significantly over the next few years as a result of the increased incidence of infectious and chronic diseases nationwide. Chronic conditions like diabetes, cancer, and heart disease are major killers and causes of disability in the Saudi Arabia. According to the study, chronic diseases are the main factor driving up the expense of health care in the country each year. The overall number of diabetics in Saudi Arabia is predicted to grow by the year 2045, according to some reports. According to the World Health Organization, diabetes will be responsible for 30% of fatalities in 2020.

Rising Cancer Incidence Rate

Syringe demand is anticipated to increase nationwide due to the rising cancer incidence rate. To prevent cancer nationwide, numerous programmers and efforts are being made to build infrastructure for the delivery of cancer care. A catheter is a flexible, small, plastic tube that is used to administer IV or intravenous chemotherapy directly into a patient's bloodstream for the treatment of cancer. The medications could be administered fast and promptly through a catheter using a syringe over some time. Large corporations have started producing syringes for various chronic illnesses. Several market players offer standard syringes with a catheter, eccentric, and Luer lock tips for medical applications. The market is anticipated to have considerable expansion throughout the forecast period (2022-2028) due to the rising prevalence of chronic diseases.

Rapidly Growing Developments

The growing number of patients who need to inject medications or remove bodily fluids for diagnostic purposes fuels the market's growth. Additionally, during the forecast period, the market is expected to grow owing to several developments, including the introduction of smart syringes, increased awareness of various vaccinations, and other factors. In the market, major corporations have been developing considerably. Furthermore, steps to legalize the possession of syringes for personal use have been initiated in several places across the country. During the forecast period, it is anticipated that this development would offer lucrative opportunities in the Saudi Arabia Syringe Market.

Restraints

High Cost of Smart Syringes and Medical Waste Disposal Concerns

The market's expansion may be hampered by the rising popularity of insulin pens and the high price of sophisticated insulin syringes. On the other hand, it is projected that emerging markets would present the market's players with considerable growth prospects in the future.  Also, the rising interest in other medication delivery methods like patches and oral may hinder the industry. All these factors restrain the growth of the Saudi Arabia Syringe Market. Moreover, medical waste disposal concerns are growing in the region due to a lack of resources, incorrect disposal methods, and a lack of waste management research. According to research, every day, Saudi Arabia generates 80 tonnes of medical waste. Small-scale landfilling or incineration are the only options for waste disposal. Other critical aspects impacted by these practices include water supplies, soil fertility, air quality, and others. Because one-time-use products increase the cost of reusable syringes and masks, this issue is likely to limit the market growth.

Impact of COVID-19 on Saudi Arabia Syringe Market

The COVID-19 pandemic-induced lockdown and economic crisis have affected several industries. Initially, many suppliers experienced substantial resource constraints in their material supply and logistics chains, which had a notable impact on their operations. However, the COVID-19 pandemic increased the demand for syringes across the country. To accommodate the increased demand for syringes around the nation, some businesses have acknowledged expanding their manufacturing capabilities. The introduction of COVID vaccinations is anticipated to significantly increase the demand for syringes across the country as well as globally. Furthermore, the local players in the country are adopting various strategies, such as launching new products and collaborations to fulfill the rising demand. During the forecast period (2022-2028), the market is expected to rise due to the rising demand for syringes in various medical applications.

Saudi Arabia Syringe Market - By Type

Based on the type, the Saudi Arabia Syringe Market is segmented into General, Specialized, Smart, and Others. Among these, specialized accounts for the largest share in the Saudi Arabia Syringe Market. Due to its accuracy in the medication delivery process via underfilling and overfilling processes, specialized syringes are predicted to have slight growth over the next five years. By carrying out several injection tasks with just one syringe, specialized syringes help to reduce the cost of healthcare. Additionally, the growing preference for injections for speedy treatment and increased awareness of early detection and therapy are boosting the demand for highly specialized syringes. All these factors propel the growth of the Saudi Arabia Syringe Market during a forecast period (2022-2028).

Saudi Arabia Syringe Market

Saudi Arabia Syringe Market – By Material

Based on material, the Saudi Arabia Syringe Market is segmented into Plastic, Glass, and Others. Among these, the glass segment holds the largest market share. Glass syringes are more resistant and less likely to react with the fluid due to the syringe material. Also, sterile and reusable are these syringes. The plastic syringes sector, on the other hand, is anticipated to develop faster throughout the forecast period. The global market for plastic syringes is expanding as a result of factors like growing awareness of blood-borne illnesses and a growing propensity for self-administration. All these factors boost the growth of the Saudi Arabia Syringe Market during the forecast period (2022-2028).

Saudi Arabia Syringe Market - By End-User

Based on end-user, the Saudi Arabia Syringe Market is segmented into Hospitals & Clinics, Diabetes Care Centre, Blood Banks Centre, and Others. The hospitals and clinics segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is owing to the high frequency of chronic diseases and the low cost of high-quality treatment. The growing number of medical procedures that require injections to deliver essential medicines, such as operations, is assisting the market's expansion. This influences the hospitals and clinics segment to dominate the market share in the upcoming years.

Saudi Arabia Syringe Market - By Region

Geographically, the Saudi Arabia Syringe Market is segmented into Central, Southern, Eastern, and Western. The Eastern region dominates the market share. A variety of factors, including the rising prevalence of chronic and lifestyle diseases, rising product approvals, rising awareness of specialized syringes, an increase in biologics approvals, and rising developments in injectable devices, are propelling the market forward. Moreover, the Central region is expected to dominate the market during the forecast period (2022-2028). Factors such as rising technological advancement, increased global focus on the region, rapid urbanization, favorable regulatory policies for the approval of new injectables, and rapid growth in the aging population are propelling the market growth.

Competitive Landscape

The leading market players in the Saudi Arabia Syringe Market are AlShifa Medical Products, Vernal Group, Saudi Mais Co., Medtronic Saudi Arabia, Becton, Dickinson, Nipro Middle East, Mediserve, Baxter Company Limited, and other prominent players.

The Saudi Arabia Syringe Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

  • In November 2021, a strategic partnership was created between Diabeloop SA which is a pioneer in therapeutic AI, and Terumo Corporation. This partnership was made with a focus on developing and providing Automated Insulin Delivery (AID) solutions in Japan and Europe with a future aim to expand these solutions globally in other regions like MENA, North America, etc.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Product Service/Segmentation By Type, By Material, By End-User, By Usage, By Region 
Key Players AlShifa Medical Products, Vernal Group, Saudi Mais Co., Medtronic Saudi Arabia, Becton, Dickinson, Nipro Middle East, Mediserve, Baxter Company Limited, and other prominent players.

 

 

By Type

  • General
  • Specialized
  • Smart
  • Others

By Material

  • Plastic
  • Glass
  • Others

By End-User

  • Hospitals & Clinics
  • Diabetes Care Centre
  • Blood Banks Centre
  • Others

By Usage

  • Reusable
  • Disposable

By Region

  • Central
  • Southern
  • Eastern
  • Western
  1. Research Framework
    1. Research Objective
    2.  Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Saudi Arabia Syringe Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Saudi Arabia Syringe Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. General
        2. Specialized
        3. Smart
        4. Others
      2. By Material
        1. Plastic
        2. Glass
        3. Others
      3. By End-User
        1. Hospitals & Clinics
        2. Diabetes Care Centre
        3. Blood Banks Centre
        4. Others
      4. By Usage
        1. Reusable
        2. Disposable
      5. By Region
        1. Central
        2. Southern
        3. Eastern
        4. Western
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
  7. Impact of COVID-19 on Saudi Arabia Syringe Market Industry
  8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. AlShifa Medical Products
    2. Vernal Group
    3. Saudi Mais Co.
    4. Medtronic Saudi Arabia
    5. Becton
    6. Dickinson
    7. Nipro Middle East
    8. Mediserve
    9. Baxter Company Limited
    10. Other Prominent Players
  9. Key Strategic Recommendations

 

Note: Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1        Saudi Arabia Syringe Segmentation

Figure 2        Saudi Arabia Syringe Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        Saudi Arabia Syringe Market Size, By Value (USD Million), 2018-2028

Figure 5        Saudi Arabia Syringe Market Share, By Type, By Value, 2018-2028

Figure 6        Saudi Arabia Syringe Market Share, By Material, By Value, 2018-2028

Figure 7        Saudi Arabia Syringe Market Share, By End-User, By Value, 2018-2028

Figure 8        Saudi Arabia Syringe Market Share, By Usage, By Value, 2018-2028

Figure 9        Saudi Arabia Syringe Market Share, By Region, By Value, 2018-2028

Figure 10       Market Share Analysis, 2021

 

List of Tables

 

Table 1         Saudi Arabia Syringe Market Size, By Type, By Value, 2018-2028

Table 2         Saudi Arabia Syringe Market Size, By Material, By Value, 2018-2028

Table 3         Saudi Arabia Syringe Market Size, By End-User, By Value, 2018-2028

Table 4         Saudi Arabia Syringe Market Size, By Usage, By Value, 2018-2028

Table 5         Saudi Arabia Syringe Market Size, By Region, By Value, 2018-2028

Table 6         Key Players and Their Offerings

Table 7         Competitive Benchmarking, By Operating Parameters

Table 8         Merger Acquisition, Partnership, Joint-Ventures, etc.

Table 9         AlShifa Medical Products Company Overview

Table 10        AlShifa Medical Products Financial Overview

Table 11        Vernal Group (International Korean Medical Company) Company Overview

Table 12        Vernal Group (International Korean Medical Company) Financial Overview

Table 13        Saudi Mais Co., Medtronic Saudi Arabia Company Overview

Table 14        Saudi Mais Co., Medtronic Saudi Arabia Financial Overview

Table 15        Becton Company Overview

Table 16        Becton Financial Overview

Table 17        Dickinson Company Overview

Table 18        Dickinson Financial Overview

Table 19        Nipro Middle East FZE Company Overview

Table 20        Nipro Middle East FZE Financial Overview

Table 21        Mediserve Company Overview

Table 22        Mediserve Financial Overviews

Table 23        Baxter Company Limited Company Overview

Table 24        Baxter Company Limited Financial Overview

 

Market Segmentation

By Type

  • General
  • Specialized
  • Smart
  • Others

By Material

  • Plastic
  • Glass
  • Others

By End-User

  • Hospitals & Clinics
  • Diabetes Care Centre
  • Blood Banks Centre
  • Others

By Usage

  • Reusable
  • Disposable

By Region

  • Central
  • Southern
  • Eastern
  • Western
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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Syringe Market is growing at a CAGR of 12.4% by the end of 2028.
Ans: The specialized syringe segment accounted for the largest share in the Saudi Arabia Syringe Market.
Ans: Hospitals and clinics have the largest share of Saudi Arabia Syringe Market.
Ans: The key players in the Saudi Arabia Syringe Market are AlShifa Medical Products, Vernal Group, Saudi Mais Co., Medtronic Saudi Arabia, Becton, Dickinson, Nipro Middle East, Mediserve, Baxter Company Limited, and other prominent players.
Ans: The major factors driving the growth of Saudi Arabia Syringe Market are the expansion of the healthcare industry, changing attitudes toward vaccinations, advancements in the syringes technologies market, rising popularity of cyclic olefin polymers (COP) syringes, and the growing need to reduce the mortality rate of some lethal diseases are all contributing factors.