Top Market Shifts Transforming the Safety Syringe Market Landscape: Key Insights

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What Is the Expected CAGR for the Safety Syringe Market Through 2025?
Over the past few years, the safety syringe market has experienced considerable growth. The market value is expected to rise from $8.95 billion in 2024 to $9.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. Factors such as worries about needlestick injuries, regulatory guidelines, the adoption of more safety protocols, the rising occurrence of bloodborne diseases, and an expanding healthcare infrastructure have contributed significantly to the growth observed in the historical period.

What's the Projected Size of the Global Safety Syringe Market by 2029?
Predictions indicate substantial growth in the safety syringe market within the forthcoming years. It is projected to expand to a size of $13.78 billion by 2029, displaying a compound annual growth rate (CAGR) of 9.0%. Factors that contribute to this anticipated growth during the projection period include vaccination campaigns, an increasing elderly population, a heightened concentration on preventive healthcare, a burgeoning biopharmaceutical industry, and improvements in material sciences. Key trends expected throughout the forecast period comprise swift technological advancements, priority on sustainable solutions, the inclusion of telehealth, tailor-made solutions for specialized treatments, and improved readiness for emergencies.

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Top Growth Drivers in the Safety Syringe Industry: What's Accelerating the Market?
The growth trajectory of the safety syringe market is predicted to be positively influenced by the increasing prevalence of blood-borne diseases. These infectious diseases, brought on by various microorganisms like bacteria, viruses, or parasites, are spread via blood. Proactively utilizing safety syringes can arm healthcare professionals and their patients against blood-borne disease-related risk, minimizing accidental exposures and bolstering best practice in medical procedures. As an example, the World Health Organization, a Swiss intergovernmental organization, indicated that as of April 2024, the global tally of individuals with chronic hepatitis B infection stood at approximately 254 million for the year 2022. This figure included 1.2 million new cases reported yearly. That year, hepatitis B caused around 1.1 million fatalities, mainly because of cirrhosis and hepatocellular carcinoma (primary liver cancer). Also, globally, about 50 million are living with chronic hepatitis C virus infection, with nearly 1 million new infections each year. In 2022, hepatitis C was responsible for roughly 242,000 deaths, most often due to cirrhosis and hepatocellular carcinoma (primary liver cancer). Hence, the escalating figure for blood-borne diseases serves as a significant growth stabilizer for the safety syringe market.

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What Trends Will Shape the Safety Syringe Market Through 2029 and Beyond?
Leading corporations in the safety syringe market are innovating with products like the glass vaccine syringe in order to secure a dominant position in the market. This medical tool, constructed from glass, is designed to inject vaccines into patients while providing a sterile and reusable medium for administering drugs. Take for example, Becton, Dickinson, and Company, a medical device enterprise based in the United States, which introduced the BD Effivax Glass Prefillable Syringe in September 2022. These unique prefilled syringes are built to enhance the safe and dependable transport of medicines, notably vaccines. Designed for precise drug delivery, they aptly handle issues of contamination and product stability during preparation and application. Modifications in design and production procedures seek to mitigate hazards linked to conventional vial models, thereby greatly improving patient safety during vaccine administration.

What Are the Main Segments in 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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Which Top Companies are Driving Growth in the Safety Syringe Market?
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.

Which Regions Will Dominate the Safety Syringe Market Through 2029?
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.

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