Press release
Key Trends Shaping the Future Safety Syringe Market From 2025-2034: Introduction Of Advanced Automation Controllers to Boost Efficiency and Safety in Industrial Settings
What industry-specific factors are fueling the growth of the safety syringe market?An escalation in the incidents of blood-borne diseases is predicted to boost the safety syringe market's expansion. Blood-borne diseases, characterized by microorganisms such as bacteria, viruses, or parasites spreading through blood, can be infectious. Safety syringes provide a preemptive strategy to guard against these diseases for healthcare professionals and patients by minimizing inadvertent exposure and encouraging optimal medical procedures. For example, the World Health Organization, a Switzerland-based intergovernmental entity, reported in April 2024 that 254 million people were suffering from chronic hepatitis B infection in 2022, with an estimated 1.2 million new cases annually. The disease resulted in about 1.1 million fatalities that year mainly due to cirrhosis and hepatocellular carcinoma (primary liver cancer). Also, it is estimated that 50 million people globally have a chronic hepatitis C virus infection with about 1 million new infections each year. Hepatitis C was responsible for nearly 242,000 deaths in 2022, mainly because of cirrhosis and hepatocellular carcinoma (primary liver cancer). Therefore, the surge in blood-borne diseases significantly contributes to the growth of the safety syringe market.
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What Is the projected market size and growth rate for the safety syringe market?
The market size of safety syringes has seen a robust growth in the past few years. The expansion is projected to continue, rising from $8.95 billion in 2024 to $9.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to the growth during the historical period include worries about needlestick injuries, imposition of regulatory requirements, an enhanced adoption rate of safety strategies, a rising incidence of blood-related diseases, and the burgeoning healthcare infrastructure.
The market size of safety syringes is anticipated to experience a substantial expansion in the coming years. It is predicted to surge to a whopping $13.78 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.0%. Factors propelling the growth during the forecast period include the implementation of vaccination programs, an ageing populace, an emphasis on preventive healthcare, a growing biopharmaceutical sector, and advancements in material sciences. Noteworthy trends ranging from rapid technological advancements, focus on eco-friendly solutions, incorporation of telehealth, custom solutions for specialized therapeutics to increased emergency readiness and response, will characterize the forecast period.
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What new trends are reshaping the safety syringe market and its opportunities?
In a bid to secure a competitive advantage within the safety syringe market, prime companies are innovating with new product launches. Notable among these is the launch of the glass vaccine syringe. It serves as a sterile, reusable medical appliance crafted from glass to inject vaccines into patients. One striking example surfaced in September 2022, when Becton, Dickinson, and Company, an American medical device firm, unrolled the BD Effivax Glass Prefillable Syringe onto the market. This range of prefillable syringes presents a unique design, especially imperative for vaccine delivery, that heightens both safety and dependability of the drug delivery system. Each syringe has been meticulously crafted to enable precise medication administration, tackling issues of contamination and product integrity during its preparation and usage. By optimizing design and manufacturing protocols, these syringes aim to mitigate risks that are common with traditional vial formats, thereby bolstering patient safety during vaccine administration.
What major market segments define the scope and growth of the safety syringe market?
The safety syringe market covered in this report is segmented -
1) By Product: Retractable Safety Syringes, Non Retractable Safety Syringes
2) By Therapy: Insulin, Glucagon-like peptide-I (CLP-I), Tuberculosis, Growth Hormones
3) By Application: Subcutaneous, Intramuscular
4) By End-user: Hospitals, Ambulatory Surgical Centers, Long-term Care Facilities, Specialty Clinics, Other End Users
Subsegments:
1) By Retractable Safety Syringes: Automatic Retractable Safety Syringes, Manual Retractable Safety Syringes
2) By Non-Retractable Safety Syringes: Fixed Needle Safety Syringes, Shielded Needle Safety Syringes
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North America was the largest region in the safety syringes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the safety syringe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the safety syringe industry growth?
Major companies operating in the safety syringe market report are Cardinal Health Inc., Retractable Technologies Inc., Thermo Fisher Scientific Inc., Medtronic plc, Novo Nordisk A/s, Becton, Dickinson and Company, Baxter International Inc., Boston Scientific Corporation, Medline Industries LP, Terumo Corporation, B. Braun Melsungen AG, West Pharmaceutical Services Inc., Fresenius Kabi AG, Nemera, Smiths Medical International Ltd., Nipro Medical Corporation, Henke-Sass Wolf GmbH, Revolutions Medical Inc., Sol-Millennium Inc., UltiMed Inc., Unilife Corporation, AdvaCare Pharma, Axol Bio Corporation, Vita Needle Company, Numedico Technologies Pty Ltd., Duopross Meditech Corporation, DMC Medical Ltd., Guangdong Haiou Medical Apparatus Co. Ltd., Kendall Healthcare Group Ltd.
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What Is Covered In The Safety Syringe Global Market Report?
•Market Size Forecast: Examine the safety syringe market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the safety syringe market for a structured understanding.
•Key Players Overview: Analyze major players in the safety syringe market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the safety syringe market.
•Segment Contributions: Evaluate how different segments drive overall growth in the safety syringe market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the safety syringe market.
•Industry Challenges: Identify potential risks and obstacles affecting the safety syringe market.
•Competitive Landscape: Review strategic developments in the safety syringe market, including expansions, agreements, and new product launches.
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