Valley Cottage, NY -- (SBWire) -- 12/18/2017 --Syringes and needles are collectively known as a "Sharps". Syringes and needles are the most widely used disposables used in various applications such as injections, infusions, and blood or specimen collection. Within applications, the injection or the drug delivery segment is the most popular and leads the syringes and needles market. Syringes and needles are basically made of polymer and glass material. The syringes and needles market in the GCC region is estimated to register a significant growth over the forecast period (2016–2026) due to the growing prevalence of chronic diseases such as diabetes, cancer, chronic intestinal diseases, and hepatic failure. Increase in the economic standards and disposable income of individuals across the region are also positively favouring the growth of the GCC syringes and needles market.

The polymer syringes and needles segment is expected to project a healthy growth over the forecast period. This segment is estimated to be valued at US$ 359.3 Mn by the end of 2016 and is expected to increase to US$ 858.2 Mn by 2026, registering a CAGR of 9.1% in terms of value over the forecast period. The polymer syringes and needles segment is expected to hold a greater market share than that of the glass syringes and needles segment. Polymer syringes and needles are highly resistant to breakage and come with an affordable price tag over glass syringes and needles. There are also growing regulatory concerns over increased possibilities of injuries and accidents occurring with the use of glass syringes and this is likely to lead to a restrained growth of the glass syringes and needles market in the GCC region over the forecast period.

The GCC syringes and needles market has been segmented into six prominent countries – the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Oman, Kuwait, Qatar, and Bahrain. The Kingdom of Saudi Arabia (KSA) market is likely to dominate the GCC syringes and needles market, accounting for maximum revenue share of the market by the end of 2016. Collectively, the United Arab Emirates (UAE) and Oman markets are expected to account for over 21.2% revenue share of the GCC syringes and needles market by the end of 2016. Among the emerging markets, Kuwait is estimated to exhibit a significant CAGR of 1.7% over the forecast period followed by the Qatar market, due to recent industry developments and favourable trade policies.

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Some of the key market players profiled in the GCC syringes and needles market report include Becton, Dickinson & Company, Nipro Corporation, Baxter International Inc., B. Braun, Terumo Corporation, Medtronic PLC., Smiths Group Inc., Abu Dhabi Medical Devices Company, SAAPP (FZC) LLC., and IBN Sina Medical Factory.

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