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. Several countries have introduced legislation, which ensures the compulsory use of safety syringes to decrease needle stick injuries and prevent needle re-use. Introduction of this legislation has led to safety syringes being more commonly used than conventional syringes, which in turn has led to considerable growth in the safety syringe market. 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.
Global Safety Syringes Market by Product Type
The global safety syringes market is segmented according to products into two broad categories: Non-Retractable Safety Syringes and Retractable Safety Syringes. Retractable Safety Syringes are further segmented into manual and automatic syringes. Non-Retractable Safety Syringes are categorized into sliding needle cover syringes, sheathing tube syringes and hinged needle cover syringes. Non-retractable safety syringes account for the largest share of the market; however, retractable safety syringes are expected to grow at a higher CAGR during forecast period due growing use in developed nations. Automatic retractable safety syringes are generally preferred over manual syringes as it is safer and easy to handle.
Global Safety Syringes Market by Geography
Geographically, global safety syringes market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the global safety syringes market followed by Europe, Asia-Pacific and LAMEA. In North America there is a high demand for prefilled syringes with safety mechanisms. Asia-Pacific has the fastest emerging safety syringes market due to healthcare awareness and immunization programs initiated by WHO and UNICEF.
Competitive Landscape
The key players within the global safety syringes market include Dickinson & Company, Becton, Medical Smiths, Covidien plc, Retractable Technologies, Inc., Kendall Healthcare, Revolutions Medical Corporation, Terumo Corporation and Unilife 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.
High Level Analysis
Comprehensive analysis of the global safety syringes market provides an overview of the market and its key concerns. Market segmentation section provides deep-dive analysis of products and geographic segments which would be helpful in understanding niche market trends. Market dynamics include market drivers, restraints and opportunities and would help in simplifying market behavior. Porter’s Five Forces analysis would help strategists to determine market profitability. Rising awareness about the severe consequences
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.
Global Safety Syringes Market by Product Type
The global safety syringes market is segmented according to products into two broad categories: Non-Retractable Safety Syringes and Retractable Safety Syringes. Retractable Safety Syringes are further segmented into manual and automatic syringes. Non-Retractable Safety Syringes are categorized into sliding needle cover syringes, sheathing tube syringes and hinged needle cover syringes. Non-retractable safety syringes account for the largest share of the market; however, retractable safety syringes are expected to grow at a higher CAGR during forecast period due growing use in developed nations. Automatic retractable safety syringes are generally preferred over manual syringes as it is safer and easy to handle.
Global Safety Syringes Market by Geography
Geographically, global safety syringes market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the global safety syringes market followed by Europe, Asia-Pacific and LAMEA. In North America there is a high demand for prefilled syringes with safety mechanisms. Asia-Pacific has the fastest emerging safety syringes market due to healthcare awareness and immunization programs initiated by WHO and UNICEF.
Competitive Landscape
The key players within the global safety syringes market include Dickinson & Company, Becton, Medical Smiths, Covidien plc, Retractable Technologies, Inc., Kendall Healthcare, Revolutions Medical Corporation, Terumo Corporation and Unilife 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.
High Level Analysis
Comprehensive analysis of the global safety syringes market provides an overview of the market and its key concerns. Market segmentation section provides deep-dive analysis of products and geographic segments which would be helpful in understanding niche market trends. Market dynamics include market drivers, restraints and opportunities and would help in simplifying market behavior. Porter’s Five Forces analysis would help strategists to determine market profitability. Rising awareness about the severe consequences
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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