Safety Syringes Market
Global Safety Syringes Market: By Technology (Retractable (Automatic and Manual) and Non-Retractable (Sliding Needle, Sheathing Tube, and Hinged Needle)), By Therapy Type (Insulin, GLP-1, Tuberculosis, Growth Hormone, and Other), By Product Type (Attached Needle, and Detachable Needles), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Safety Syringes Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Global Safety Syringes Market Report Description:
Global safety syringes market report gives comprehensive outlook on safety syringes across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). The report on safety syringes market gives historical, current, and future market sizes (US$ Mn) on the basis of technology, therapy type, product type, and geographic regions. This report studies safety syringes market dynamics elaborately to identify the current market trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, safety syringes market report includes the competition analysis with vividly illustrated the competition dashboard to assess the safety syringes market competition. Moreover, PBI analyzed safety syringes market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs. Key stakeholders of the safety syringes market report include raw material suppliers, manufacturers, marketers, hospitals, physician offices, policy makers, and healthcare service providers who are engaged in usage and advocacy of safety syringes.
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Safety syringes market segmented based on type of syringe and end-user
Based on type of syringe, safety syringes market is segmented into
• Retractable Safety Syringes
o Manual Syringes
o Automatic Syringes
• Non-Retractable Safety Syringes
o Hinge Needle Cap Syringes
o Sheathing Tube Syringes
o Sliding needle Cap Syringes
Based on end-user, safety syringes market is segmented into
• Hospitals
• Ambulatory Surgical Centres
• Clinics
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Safety syringes market is showing a considerable growth with significant CAGR during forecast period. Many government organizations, WHO, and regulatory bodies of respectable countries issued legislations for compulsory use of safety syringes. For instance in U.S. Needle stick Safety and Prevention Act was enforced in 2001 to prevent the needle stick injuries and promoting the safety injectors. Similarly, The Nigeria government issued a deadline on October 1, 2012 for phasing out of conventional syringes and usage of auto-disable syringes in its health institutions. Adopting new technologies and diversifying their products are the key market strategies used by the safety syringe market players. Acquisitions and mergers are also key market strategies in safety syringes market. In December 2012, Becton, Dickinson and Company (BD), acquired Safety Syringes, Inc., a company that specialised in the development of anti-needle stick devices for prefilled syringes.
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Geographically safety syringes market has been segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Due to various factors like awareness in needle stick injuries, launch of biologic products, continuous focus on vaccination, and awareness about hospital acquired infections in healthcare professionals and well-developed infrastructure made U.S. constitute more market share in global safety syringes market. Asia-pacific region has expected to show significant growth because of increased healthcare expenditure, awareness of healthcare professionals. In addition, to this extensive immunisation initiatives taken by WHO and UNICEF in the Asian region is likely to boost the market growth in Asia- Pacific region. Middle East and African regions have high opportunity for growth owing to the populace strength. African countries have high incidence of infections due to unsafe injection practices. With proper awareness programs about safety syringes in these regions can create significant growth opportunity for the companies to capitalise on, provided they come at an affordable prices.
Some of the players in safety syringes market are Becton, Dickinson & Company (U.S.), Medtronic (U.S.), Revolutions Medical Corporation (U.S.), Retractable Technologies, Inc. (U.S.), Royal Imtech N.V. (Smiths Medical) (Netherlands), Terumo Corporation (Japan), Unilife Corporation (U.S.), Sol-Millennium Medical Group (China), Ultimed, Inc. (U.S.), and Axel Bio Corporation (U.S.) to name a few.
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