Over the past decade, there has been a considerable growth in usage of safety syringes over the conventional syringes. Safety syringes consist of an integrated safety that help to guard healthcare workers from inadvertent needle stick injuries. Safety syringes consist of an inbuilt safety mechanism and either a detachable or permanently attached needle. They help protect healthcare workers from accidental needlestick injuries. Complete analysis of safety syringe market includes various aspects of the market such as market trends, product analysis, market drivers, restrains and opportunities. Competitive landscape section focuses on key leaders within the safety syringes market and their major strategies to dominate the market. In-depth segmental analysis enables a better understanding of market dynamics and would assist market professional in making informed decisions.
The global safety syringes market is expected to show substantial CAGR during the forecast period. Primary reasons for this growth include increase in the incidence of needlestick injuries, government initiative to include the use of safety syringes in the legislation, growing injectables market and improved safety mechanisms for syringes. However, alternative drug delivery methods and high cost are two important factors that could significantly limit the growth of this market. In emerging economies, the safety syringes are neglected due to lack of awareness regarding healthcare and safety issues. A rise in government initiative and healthcare and safety awareness could fuel the growth of this market.
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Global Safety Syringes Market: Drivers & Restraints
Increase in the incidence of needle stick injuries, growing injectables market and rising demand for safety mechanisms in syringes are propelling the growth of global safety syringe market. However, availability of alternate drug delivery methods and high cost of safety syringes are few factors limiting the growth of global market. In emerging countries, the safety syringes are being ignored due to lack of awareness about healthcare and safety issues. A rise in government initiative and healthcare and safety awareness could improve adoptability of safety syringes.
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Global Safety Syringes 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)
- Growth hormones
By End User
- Home Care
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Global Safety Syringes Market: Overview
Recently, many governments have issued legislation to ensure compulsory use of safety syringes to reduce needle stick injuries and also prevent needle re-use. With the introduction of these legislations there has been an increased use of safety syringes than conventional syringes in recent times.
Non-retractable safety syringes account for the largest share of the market while the retractable safety syringes are expected to nurture at a higher CAGR during forecast period due to growing use in developed nations. On the basis of therapy where the safety syringes are employed, the market is sub-segmented into Insulin, Glucagon-like peptide-1 (GLP-1), Tuberculosis and Growth Hormones therapy syringes. Moreover, taking into account end users, the global safety syringe market is categorised under hospitals and home care.
Global Safety Syringes Market: Region-wise Outlook
Geographically the global safety syringe market is analysed under North America, Europe, Asia-Pacific, Latin America & Middle-East and Africa. North America representing the largest share in terms of revenue as well as volume, is witnessing a paradigm shift in usage of safety syringes over traditional syringes. Added to this, the growing demand for prefilled syringes equipped with safety features is also anticipated to drive the market growth in North American region. In Asia-Pacific, the market is expected to grow due to the ongoing immunization programs supported by the WHO and UNICEF along with increased penetration by the U.S. based companies capitalizing on the growing awareness level regarding the consequences of insecure injection practices.
Key Questions Answered
- What is the current and future Safety Syringes Market outlook in worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Safety Syringes space in global?
- What are the key, high growth markets that Safety Syringes manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Safety Syringes currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Safety Syringes ?
- What are the challenges and barriers that have hindered widespread adoption of Safety Syringes ?
Global Safety Syringes Market: Key Players
Some of the major companies operating in the global safety syringes market are Covidien plc, Retractable Technologies, Inc, Becton, Dickinson & Company, Terumo Corporation, Unilife Corporation, Revolutions Medical Corporation, Smiths Medical, Sol-Millennum, Ultimed, Inc., and Axel Bio Corporation. Becton occupies the largest market share followed by Kendall Healthcare. Companies are concentrating on developing effective safety mechanisms which are easy to handle to meet the regulatory requirements.
Reasons to buy Global Safety Syringes Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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