The Asia-Pacific Safety Syringes Market is estimated at USD 739 million in 2016 and is predicted to reach USD 1241 million by 2021, Growing at a CAGR of 10.92%. There has been a constant demand to safeguard the healthcare workers from accidental needle-stick injuries and healthcare-acquired infections. Safety syringes are specifically designed to meet this need.
With the rise in incidence of needlestick injuries, new initiatives and legislations by governments to incorporate the practice of safety syringes, favourable reimbursement policies, and upgraded safety mechanisms for syringes are boosting the growth of Asia-Pacific safety syringes market. At present, quite a few countries have enforced regulations to ensure the compulsory use of safety syringes with an intention of preventing needle stick injuries and confine needle re-use. These regulations are expected to increase the common usage of safety syringes as compared to conventional syringes. However, availability of alternate drug delivery methods, high price of safety syringes and their ignorance in developing countries due to lack of proper awareness about healthcare and safety issues are few factors off-putting the growth of Asia-Pacific safety syringes market.
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The Asia-Pacific safety syringes market can be categorized on the basis of technology into Retractable and Non-Retractable safety syringes. The retractable syringes market is sub-segmented into Automatic or Manual syringes. And the non-retractable safety syringes are sub-segmented into sliding needle cover syringes, sheathing tube syringes, and hinged needle cover syringes. Non-retractable safety syringes hold the major share of sales in the Asia-Pacific regions while the retractable safety syringes segment is anticipated to rise at a higher CAGR within the forecast period. Furthermore, on the basis of therapy, the safety syringes market can be categorized under Insulin, Tuberculosis, Glucagon-like peptide-1 (GLP-1) and Growth Hormones. Moreover, taking into account end users, the Asia-Pacific safety syringe market is branded under hospitals and home care segments.
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Geographically, the Asia-Pacific safety syringe market is segmented and analysed various regions namely India, China, Japan, South Korea and Australia. Asia-Pacific region is expected to register the highest growth rate within the forecast period. The market in this region is currently experiencing a paradigm shift in usage of safety syringes over conventional ones.
Some of the major companies operating in the Asia-Pacific safety syringes market are Retractable Technologies, Inc, Becton, Dickinson & Company, Terumo Corporation, Unilife Corporation, Covidien plc, Revolutions Medical Corporation, Smiths Medical, Axel Bio Corporation, Sol-Millennum and Ultimed, Inc.
Some Points From Table Of Content :
Market Segmentation :
Retractable safety syringes
Automatic retractable safety syringes
Manual retractable safety syringes
Non-Retractable safety syringes
Sheathing tube syringes
Sliding needle cover syringes
Hinged needle cover syringes
Glucagon-like peptide-1 (glp-1)
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