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Retractable Needle Safety Syringes Market To 2016: Top Industry Players, Revenue By 2024

09-11-2018 12:31 PM CET | Health & Medicine

Press release from: Transparency Market Research 

Retractable Needle Safety Syringes Market To 2016: Top Industry

The Asia Pacific Retractable Needle Safety Syringes market exhibits a quite consolidated vendor landscape, as found by a new market intelligence report by Transparency Market Research (TMR). The four of the top players, namely, Retractable Technologies Inc., Smiths Medical, Medtronic Plc, Dickinson and Co., and Becton held around more than 95% of the said market in the year 2015.

View Report: https://www.transparencymarketresearch.com/asia-pacific-retractable-needle-safety-syringes-market.html

These enterprises that are focusing quite aggressively on making an expansion of their business operations across the said region, for which they are adding considerable strength to their network of distribution. In addition to that, they are also involving themselves with strategic alliance so as to gain a strong foothold in the said market.

Request a Sample of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24083

In accordance with the research by Transparency Market Research (TMR), the market for retractable needle safety syringes in the region of Asia Pacific stood at around US$ 236.7 mn in the year 2016. Expanding at an impressive CAGR of 8.90% over the period of forecast that extends from the year 2016 to the year 2024, the opportunity in the said market is estimated to reach a valuation of around US$ 467.2 mn by the end of the period of forecast. The segment of hospitals has come up as the leading end user of the market for retractable needle safety syringes in the region of Asia Pacific. Owing to the soaring insurance coverage, this segment is likely to remain the major contributor to this market in the years to come.

Japan to Continue with its Dominance throughout the Period of Forecast

Taking region into consideration, Japan is expected to emerge as the dominant market for retractable needle safety syringes in the region of Asia Pacific. Growing at a robust rate of growth of 9.1% CAGR, the country is estimated to continue with dominance through the course of the period of forecast. Consumers in Japan are more aware and this has led to the earlier adoption of medical practices and novel therapeutics. This, together with the expanding base of geriatric population, increased willingness to spend on advanced treatments, and the soaring incidence of diabetes have thereby generated a fertile terrain for the said market to thrive in Japan. Besides, opportunities are very likely to bolster in the said market in India as well.

Increased Awareness Amongst People to Stimulate Market Growth

With various government institutions focusing on the promotion of safe injection practices by inspiring people to make a shift to safe syringes, this market is expected to rise exponentially in the years to come. Countries such as India and other nations in the Southeast Asia are more and more collaborating with the WHO so as to encourage the utilization of safe syringes in a bid to avoid the proliferation of deadly diseases.

Request a Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24083

Apart from this, the market is also anticipated to gain substantially over the period of forecast from numerous factors, like the growing awareness pertaining to the benefits offered by retractable needle safety syringes, increasing shift of people towards self-administration of drugs, and technological advancements.

The information shared that ahs been in this review is based on a TMR report titled, “Retractable Needle Safety Syringes Market (Product Type – Manual and Automated; End Users – Hospitals, Clinics, and Ambulatory Surgery Centers) – Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Albany, NY 12207
Tel: +1-518-618-1030
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