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Syringes and Needles Market in India 2015 - 2020

14:08 EST 1 Dec 2016 | PR Newswire

LONDON, Dec. 1, 2016 /PRNewswire/ -- NOVONOUS estimates that Indian syringe and needle market will grow at a CAGR of 15% by 2020. This growth is mainly due to a large pool of patients, increasing healthcare expenditure, increasing healthcare awareness and rising government spending.

The medical devices market in India is dominated by imported products, including products manufactured using imported material, which comprises approximately 75% of the total sales. The domestic companies are largely involved in manufacturing low-end products for local and international consumption. The Syringes and Needles form a significant part of this manufacturing and 60% of the manufactured Syringes and Needles are exported.

Syringes and needles market in India is dominated by disposable syringes and needles followed by AD syringes and needles, reusable syringes and needles and other syringes and needles (pre-filled, insulin etc.) based on the total revenue generated.

Disposable syringes currently control the largest market share in terms of revenue in Indian syringes and needles market. As per NOVONOUS estimates, Indian disposable syringes market is expected to grow at a CAGR of 15% till 2020 and maintain its market share position even in 2020.

Auto Disable (AD)/ safety syringes and needles currently control the second largest market share in terms of revenue in Indian market. As per NOVONOUS estimates, Indian Auto Disable (AD)/ safety syringes and needles market is expected to grow at a CAGR of 19% till 2020 and maintain its market share position.

Reusable syringes and needles in Indian syringes and needles market is expected to grow at a CAGR of 5% till 2020.

Other (pre-filled, insulin etc.) syringes and needles in Indian syringes and needles market is expected to grow at a CAGR of 9% till 2020.

EXIM Scenario in Indian Syringes and Needles Market
- India exported US$ 35.22 million worth of syringes and the overall exported quantity was 719.48 million units in FY 2014-15. Brazil, Nigeria, Malaysia, Tanzania and South Korea were the top five nations importing Indian syringes in 2014-15.
- India imported US$ 29.87 million worth of syringes and the overall imported quantity was 783.14 million units in FY 2014-15. USA, Singapore, Spain, Mexico and France were the top five nations exporting syringes to India in 2014-15.
- India exported US$ 0.49 million worth of tubular metal needles and the overall exported quantity was 41.28 thousand kgs. in FY 2014-15. Argentina, Sri Lanka, France, Singapore and Australia were the top five nations importing Indian tubular metal needles in 2014-15.
- India imported US$ 15.06 million worth of tubular metal needles and the overall imported quantity was 467.91 thousand kgs.in FY 2014-15. Singapore, Belgium, Australia, Japan and USA were the top five nations exporting tubular metal needles to India in 2014-15.
- India exported US$ 4.95 million worth of cardiac catheters and the overall exported quantity was 31.76 million units in FY 2014-15. Belgium, Brazil, Bangladesh, Malaysia and Italy were the top five nations importing Indian cardiac catheters in 2014-15.
- India imported US$ 37.65 million worth of cardiac catheters and the overall imported quantity was 1.38 million units in FY 2014-15. USA, Ireland, Japan, Germany and Mexico were the top five nations exporting cardiac catheters to India in 2014-15.
- India exported US$ 76.97 million worth of cannulae and the overall exported quantity was 834.32 million units in FY 2014-15. Brazil, Turkey, Egypt, Germany and Iran were the top five nations importing Indian cannulae in 2014-15.
- India imported US$ 26.20 million worth of cannulae and the overall imported quantity was 785.70 million units in FY 2014-15. Singapore, USA, Spain, China and Malaysia were the top five nations exporting cannulae to India in 2014-15.

Scope of Syringes and Needles Market in India 2015 - 2020 report:
- This report provides detailed information about Indian syringes and needles market including future forecasts.
- This report identifies the need for focusing on syringes and needles sector.
- This report provides detailed information on growth forecasts for overall Indian syringes and needles market up to 2020.
- This report provides detailed information on segment wise (disposable syringes and needles, auto disable (AD)/ safety syringes and needles, reusable syringes and needles and other (pre-filled, insulin etc.) syringes and needles) growth forecasts for Indian syringes and needles market up to 2020.
- The report identifies the growth drivers and inhibitors for Indian syringes and needles market.
- This study also identifies various policies related to Indian syringes and needles market.
- The report identifies various credit, policy and technical risks associated with Indian syringes and needles market.
- This report has detailed profiles 10 key players in Indian syringes and needles market covering their business strategy, financial performance, future forecasts and SWOT analysis.
- This report covers in details the competitive landscape in Indian syringes and needles market.
- The report identifies EXIM scenario for syringes, suture needles, tubular metal needles, hollow needles, other tubular metal needles, catheters (For urine, stool), cardiac Catheters and cannulae in India.
- The report identifies top countries exporting syringes, suture needles, tubular metal needles, hollow needles, other tubular metal needles, catheters (For urine, stool), cardiac Catheters and cannulae to India.
- The report identifies top countries importing syringes, suture needles, tubular metal needles, hollow needles, other tubular metal needles, catheters (For urine, stool), cardiac Catheters and cannulae from India.
- This report identifies key industry bodies and associations and their role in Indian syringes and needles market.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Indian syringes and needles market.
- This report provides Porter's Five Forces analysis for Indian syringes and needles market.
- This report provides SWOT (strengths, weakness, opportunities and threats) analysis for Indian syringes and needles market.
- This report identifies the key challenges faced by new players in Indian syringes and needles market.
- This report provides future trends and opportunities for Indian syringes and needles market.
- This report also provides strategic recommendations for policy makers, end users, service providers and investors.

Research Methodology
The report has been prepared after extensive secondary and primary research among various stakeholders in the Indian syringes and needles market like government bodies, associations, industry players etc.
The primary research consists of interviewing the key management people from the leading companies in the syringes and needles sector. A sample size of 10 players was selected based on convenience sampling method. A questionnaire was prepared to interview the companies on the following points:
1. To understand the current position of the company along with its current financial position and the expected growth rate for the company over the next 5 years.
2. To understand the key challenges and pain areas of the company
3. To understand the USP of the company and its future plans
4. To understand the company view point on the various government policies and implications
5. To get a detailed insight of the industry as a whole as viewed by the senior management of the company

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/syringes-and-needles-market-in-india-2015---2020-300371871.html

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