Safety Syringes Market Overview
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 helps to guard healthcare workers against inadvertent needle stick injuries.
Request for Sample @ https://marketdataforecast.com/market-reports/safety-syringes-market-347/request-sample
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. Further, an increase in the incidence of needle stick injuries, growing injectable market and rising demand for safety mechanisms in syringes are propelling the growth of the global safety syringe market. However, availability of alternate drug delivery methods and a high cost of safety syringes are few factors limiting the growth of the 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 adaptability of safety syringes.
Safety Syringes Market Forecast Report (2018-2023)
Global Safety Syringes Market is estimated at USD $5.48 Billion in 2018 and is predicted to reach USD $8.42 Billion by 2023, growing at a CAGR of 8.96%.
Browse Report Brief and TOC @ https://marketdataforecast.com/market-reports/safety-syringes-market-347/
Safety Syringes Market Segmentation
The global safety syringes market can be classified on the basis of technology into Retractable and Non-Retractable safety syringes. Further, the retractable syringes market is segmented into Automatic or Manual syringes. And the non-retractable safety syringes are classified as sheathing tube syringes, sliding needle cover syringes, and hinged needle cover syringes. 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 the 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 categorized under hospitals and home care.
Geographically the global safety syringe market is analyzed 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 the 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.
Major Players:
The major companies dominating this market for its products and services are
- Covidien plc,
- Retractable Technologies Inc,
- Becton, Dickinson & Company,
- Terumo Corporation,
- Unilife Corporation,
- Revolutions Medical Corporation,
- Smiths Medical,
- Sol-Millennium,
- Ultimed Inc.,
- Axel Bio Corporation
Buy now @ https://marketdataforecast.com/cart/buy-now/safety-syringes-market-347/
Customize Report @ https://marketdataforecast.com/market-reports/safety-syringes-market-347/customize-report
About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com
Media Contact
Company Name: Market Data Forecast
Contact Person: Abhishek Shukla
Email: Send Email
Phone: +1-888-702-9626
Address:2nd Floor, Lakeview Plaza, Kavuri Hills
City: Hyderabad
State: Telangana
Country: India
Website: marketdataforecast.com/