Growing incidences of chronic diseases is one of the significant factors influencing market growth.
Market Size – USD 18.76 billion in 2018, Market Growth – CAGR of 6.7%, Market Trends – Increase in geriatric population
The global syringes and needles market is expected to reach USD 34.12 Billion by 2027, according to a new report by Reports and Data. Syringes and Needles are used for various purposes such as drug administration for many diseases and are used by both healthcare professionals and patients themselves. They have become popularly accepted with the advancements in therapy and a supportive reimbursement structure in many nations.
According to the World Health Organization (WHO), from 2015 to 2050, the aged population across the globe will be rise from 12% to 22% of the total global population. Owing to this, the incidence of target diseases such as chronic diseases is expected to grow and, in return, will boost the demand. An increase in healthcare expenditure across the globe also supports the adoption of user-friendly technologies.
Diabetes and its complications, societal costs, and deaths have a huge and rapidly growing impact across the globe. In 2019, around 463 million adults in the age group of 20 years to 79 years were living with diabetes and by 2045, this is expected to rise to 700 million. 79% of adults with diabetes were living in low- and middle-income countries Diabetes caused 4.2 million deaths. According to the American Diabetes Association, the annual healthcare cost in the U.S. increased by 26% during the last five years due to increased diabetes incidences.
The Center for Disease Control and Prevention (CDC) reports diabetes as the seventh leading cause of death among Americans as of 2019. Diabetes is no more limited to the rich nations and is becoming most significantly in low-middle income countries. Diabetes has become one of four high priority Non-Communicable Diseases (NCDs) targeted for action by leaders across the globe.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2543
Further key findings from the report suggest
Key companies operating in the market include:
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2543
The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Syringes and Needles market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Syringes and Needles industry, the market is segmented into:
Product Type Outlook (Revenue, USD Million; 2016-2027)
Usage Outlook (Revenue, USD Million; 2016-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2016-2027)
End-Users Outlook (Revenue, USD Million; 2016-2027)
The regional analysis covers:
To know more about the report @ https://www.reportsanddata.com/report-detail/syringes-and-needles-market
Benefits of Syringes and Needles Market Report:
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2543
Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.
Browse More Related Reports :
Head of Business Development
Direct Line: +1-212-710-1370
Reports and Data | Web:www.reportsanddata.com