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(Medical-NewsWire.com, September 29, 2015 ) Portland, OR -- 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.
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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 of needlestick injuries has resulted in a paradigm shift in the demand for safety syringes and it is the reason behind the purchase of high product volumes, which increases the buyers bargaining power. Introduction of strict government legislation regarding the use of safety syringes would decrease the threat of new entrants. Industrial rivalry is high in the global safety syringes market due to the slow growth rate of the industry and low switching cost for consumers.
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KEY BENEFITS
This report offers the following benefits:
In-depth coverage of the global safety syringes market including drivers, restraints and opportunities would assist market professionals in understanding market behavior
Comprehensive analysis of product types and geographic segments enables the identification of growth opportunities within the global safety syringes market
Porter’s Five Forces Framework examines the competitive structure of the global safety syringes market and would be helpful for strategic industry analysis
Analysis of strategies used by key leaders, partnerships and acquisitions within the global safety syringes market would be informative for professionals in the corporate sector
Big Market Research
James Jordan
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james@bigmarketresearch.com
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