Saudi Arabia Disposable Medical Syringes Market to be Supported by Increasing R&D Activities through 2028
Increasing investment in medical
equipment development by the government is expected to drive the Saudi Arabia
disposable medical syringes market in the forecast period, 2024-2028.
According to TechSci Research
report, “Saudi Arabia Disposable Medical Syringes Market - By
Region, Competition, Forecast and Opportunities, 2028”, the Saudi Arabia
disposable medical syringes market is anticipated to grow at an impressive rate
in the forecast period, 2024-2028. This can be driven by factors
such as the increasing prevalence of chronic diseases, rising geriatric
population, growing demand for injectable drugs, and the adoption of safety
syringes. Becton, Dickinson and Company (BD) have partnered with
several Saudi Arabian companies to distribute its products in the region. In
2018, BD signed a distribution agreement with Al-Faisaliah Medical Systems
(FMS), a leading medical equipment distributor in Saudi Arabia, to distribute
BD's medical devices, including syringes, in the country. Furthermore,
the Saudi Arabian government has implemented several policies to support the
growth of the medical devices industry, including regulatory processes for the
development and approval of disposable medical syringes. This in turn is expected
to bolster the growth of the disposable medical syringes market in the coming
years.
However, the cost of developing
and manufacturing disposable medical syringes is high, which is expected to
hamper the growth of the Saudi Arabia disposable medical syringes market.
Besides, the government procurement process in Saudi Arabia can be complex and
bureaucratic, which may slow down the growth of the Saudi Arabia disposable
medical syringes market.
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Saudi Arabia disposable medical
syringes market is segmented into type, material, application, end user,
region, and company.
Based on type, Saudi Arabia
disposable medical syringes market can be divided into conventional syringes
and safety syringes. Safety syringes segment is expected to dominate the Saudi
Arabia disposable medical syringes market due to the reason that Safety
syringes are designed to prevent accidental needlestick injuries to healthcare
workers and others who handle used syringes. They have safety features that
either retract or cover the needle after use, reducing the risk of accidental
needlestick injuries and the transmission of bloodborne pathogens such as HIV
and hepatitis B and C.
Based on material, the Saudi
Arabia disposable medical syringes market is divided into polypropylene and
polyethylene. Polypropylene segment is expected to dominate the Saudi Arabia
disposable medical syringes market due to the reason that polypropylene is
preferred for its durability and resistance to chemicals.
Based on application, the Saudi
Arabia disposable medical syringes market is divided into immunization
injections and therapeutic injections. Polypropylene segment is expected to
dominate the Saudi Arabia disposable medical syringes market due to the reason
that immunization injections are used to protect individuals from infectious
diseases by stimulating the immune system to produce antibodies against
specific pathogens. They are commonly used for the prevention of diseases such
as measles, mumps, rubella, polio, and influenza.
Based on end user, the Saudi
Arabia disposable medical syringes market is divided into hospitals &
clinics, blood collection centers, ambulatory care centers, veterinary care
centers, diagnostic laboratories & centers, and others. Hospitals and
clinics segment is expected to dominate the Saudi Arabia disposable medical syringes
market due to the reason that hospitals and clinics are typically the largest
purchasers of disposable syringes, as they provide a range of medical services,
including vaccinations, blood tests, and other medical procedures that require
the use of syringes. These institutions have a large patient base and need a
constant supply of syringes to meet the demand for medical care.
Major companies operating in
Saudi Arabia disposable medical syringes market are:
- 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)
- Abdulrehman Algosaibi GTC (Terumo Corporation)
- Alzaher Company Ltd
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“Northern & Central region
of Saudi Arabia region is expected to dominate the Saudi Arabia disposable
medical syringes market in the forecast period. This is attributed to a growing
technological advancement in the region. Northern & Central region of Saudi
Arabia, which includes the capital city of Riyadh, is considered the most
populous region of the country and has a well-developed healthcare system.
Therefore, Northern & Central region may have a higher demand for
disposable medical syringes compared to other regions. However, it is important
to note that the disposable medical syringes market demand vary and may be
influenced by various factors such as the prevalence of certain diseases,
government policies, and availability of medical supplies.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Saudi Arabia Disposable Medical
Syringes Market, By Type (Conventional Syringes, Safety Syringes), By Material
(Polypropylene, Polyethylene), By Application (Immunization Injections,
Therapeutic Injections), By End User (Hospitals & Clinics, Blood Collection
Centers, Ambulatory Care Centers, Veterinary Care Centers, Diagnostic
Laboratories & Centers, and Others), By Region, Competition, Forecast and
Opportunities, 2028”, has evaluated the future
growth potential of Saudi Arabia disposable medical syringes 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 disposable medical syringes
market.
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