Safety Syringes Market is Expected to Grow Due to the Mounting Incidence of Needle Stick Injuries Till 2021 | Million Insights

Global safety syringes market is segmented into Product, End-Users, Therapy and Geographical regions. Safety syringes have a safety mechanism built into the syringe. The needle on a safety syringe can be detachable or permanently attached. On some models, a sheath is placed over the needle or the needle retracts into the barrel following injection to protect healthcare workers and others from accidental needle stick injuries.

An additional option is a secondary device, such as Oak Ridge Products needle capper that allows the user, with one hand to apply a cover over the contaminated needle. The importance of the safety syringe has increased; legislation requiring it or equivalent has been introduced in many nations since needle stick injuries and re-use prevention became the focus of governments and safety bodies. Needle stick injuries refer to percutaneous piercing wounds and are caused by tip of needles while disassembling, handling or disposing syringes and needles. Hence, the safety syringes market is predicted to rise due to the mounting incidence of needle stick injuries.

The safety syringes market is expected to witness a substantial CAGR during the anticipated period. Primary reasons for this growth comprise increase in the incidence of needle stick injuries, government initiative to include the use of safety syringes in the legislation, growing injectable market, and improved safety mechanisms for syringes.

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However, substitute drug delivery methods and high cost are two important factors that could considerably 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.

In addition, the increasing regulations introduced by governments for the launch of safety-mechanized syringes will provide impetus to the development of the market. This is because of the growing concerns about needle stick injuries and their adverse impacts, resulting in legislations that authorize the utilization of safety syringes by health caregivers, nurses, and physicians.

Safety Syringes Market is segmented by Product Type into Retractable and Non-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.

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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 urbanized nations. Automatic retractable safety syringes are in general preferred over manual syringes as they are safer and easy to handle so there is a high demand for the safety syringes.

Safety Syringes Market is segmented into Insulin, GLP-1, Tuberculosis, and Growth Hormones, based on therapy. Based on end-users, the global market is segmented into Hospitals and Home Care. Geographically, the global market spans North America, China, Europe, Southeast Asia, Japan, and India. In North America, there is a high demand for prefilled syringes with safety mechanisms. Asia Pacific is the fastest emerging market due to healthcare consciousness and immunization programs initiated by the WHO and UNICEF.

The Key Players in the safety syringes market include Covidien plc, Retractable Technologies, Inc, Becton, Dickinson & Company, Terumo Corporation, Unilife Corporation, Revolutions Medical Corporation, Smiths Medical, Sol-Millennum, Ultimed, Inc., and Axel Bio Corporation.

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/medical-devices

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