Growing Insulin and Vaccine Needs Driving the Syringes & Needles Market in India14 Nov 2011 • by Natalie Aster
Mumbai, India – Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of the report “Syringes and Needles Market in India”. The Indian syringes & needles market is growing steadily owing to the better healthcare facilities arising from the improved infrastructure. Due to the growing target base, there is huge potential for players to grow and lucratively serve the market.
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
Syringes and Needles Market in India
Published: November 2011
Price: US$ 400.00
- Indian market for syringes & needles is poised to grow in the coming years, providing opportunities to existing and potential players to earn higher revenues and increase profits.
- Foreign companies have strong presence in the Region 1 and Region 2 but presence in Region 3 is weak due to the presence of many domestic brands here that sell their products at relatively lower prices.
- Safety concerns and regulatory activity has resulted in an increasing demand for safety syringes.
- A lot of manufacturers are realizing the importance of setting up facilities to manufacture Type 1 syringes.
- Type 2 syringes are a relatively new concept in the Indian market.
- Company A, an Indian biotech company, was the first to bring pre-filled syringes in India from Company B in 2008.
Import or Syringes & Needles
Import (Region Wise: 2011)
India imports a large quantity of syringes & needles and in the last three years, the market has shown an increasing dependency on imports.
- Increasing need of insulin doses;
- Increasing demand for vaccines;
- Improving health infrastructure;
- Growing incidence of diseases;
- Changing demographics;
- Health check-up packages.
- Illegal recycling of syringes & needles;
- Problems associated with usage.
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