(PharmaNewsWire.Com, September 19, 2017 ) The Latin America Needles Market was worth USD 430 million in 2016 and estimated to be growing at a CAGR of 7.2%, to reach USD 609 million by 2021. The market is showcasing significant growth potential in the mentioned period. It will also expand in the future years because of the recent developments in Pharmaceutical industry.
Needles are the medical tools which have extremely thin and hollow tubes with a sharp end which has a tiny hole at the pointed end. A needle generally comes along with a syringe, which is made up of either glass or plastic and has a cylinder-like shape with a piston at one end which holds the needle.
Latin America needles market is driven because of the increasing incidences of chronic diseases, increasing amount of cardiovascular diseases, growth of medical technology and increasing geriatric population The major constraint faced by the market is the high risk associated with drug delivery through needles.
Market Segmentation:
o Type Introduction Conventional Needles Bevel Needles Filter Needles Vented Needles Safety Needles Active needles Passive Needles Y-o-Y Growth Analysis, By Type Market Attractiveness Analysis, By Type Market Share Analysis, By Type
o Product Introduction Suture Needles Blood Collection Needles Ophthalmic Needles Dental Needles Insufflation Needles Pen Needles Other Needles Y-o-Y Growth Analysis, By Product Market Attractiveness Analysis, By Product Market Share Analysis, By Product
o Delivery Mode Introduction Hypodermic Needles Intravenous Needles Intramuscular Needles Intraperitoneal Needles Y-o-Y Growth Analysis, By Delivery Mode Market Attractiveness Analysis, By Delivery Mode Market Share Analysis, By Delivery Mode
o Material Introduction Stainless Steel Needles Plastic Needles Glass Needles PEEK Needles Y-o-Y Growth Analysis, By Material Market Attractiveness Analysis, By Material Market Share Analysis, By Material
o End User Hospitals & Clinics Diagnostic Centers Home Healthcare Other End Users
On the basis of region the Latin America market is analyzed under the regions Mexico, Brazil and Argentina. There are many countries in Latin America which are on the developing stage. These countries like Brazil and Mexico are expected to show a significant growth in the Needles market owing to the technological development and increase in awareness regarding the medical sector.
Some of the major players dominating the Latin America needles market are Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation and Smiths Medical, Terumo Corporation, Smiths Medical, and Thermo Fisher Scientific.
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