Asia Pacific Retractable Needle Safety Syringes Market: Segment Snapshot and Table of Content (2016-2024)

Asia Pacific Retractable Needle Safety Syringes Market: Increase in Government Initiative to Promote Safe Injection Practices to Drive Growth, Says TMR

As per TMR, the Asia Pacific market for retractable needle safety syringes stood at US$236.7 mn in 2016. Rising at a CAGR of 8.90% during the period from 2016 to 2024, the opportunity in this market is predicted to reach US$467.2 mn by the end of the forecast period. Hospitals have emerged as the leading end user of retractable needle safety syringes in Asia Pacific. Thanks to the increasing insurance coverage, this segment is likely to remain the key contributor to this market in the years to come.

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

Asia Pacific Retractable Needle Safety Syringes Market is segmented on the basis of Product, End Users and Geography.

Based on product type, the Asia Pacific retractable safety syringes market is bifurcated into automatic retractable needle safety syringes and manual retractable needle safety syringes market. Of these, the manual retractable needle safety syringes segment held the largest share in the Asia Pacific retractable needle safety syringes market in 2015 in terms of revenue. Through the course of the forecast period, the segment is expected to dominate the market. Factors such as affordability of the product will support the growth of the manual retractable needle safety syringes segment.

Manual retractable needle safety syringes market is followed by automated retractable needle safety syringes segment. The factors such as ease of use, growing acceptance level will create large opportunity for automated retractable needle safety syringes market. In end-users segment hospital sector growing at a CAGR of 9.5%. Factors such as developed healthcare infrastructure, increasing insurance coverage and technologically advanced therapeutic procedures will add value to the hospital segment in Asia Pacific.

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

Country-wise, Japan emerged as the dominant market for retractable needle safety syringes in Asia Pacific. Exhibiting a robust 9.1% CAGR, the nation is predicted to remain dominant through the course of the forecast period. Consumers in Japan are more aware, which has resulted in the earlier adoption of novel therapeutics and medical practices. This, coupled with the rising geriatric population, high willingness to spend on advanced treatments, and the rising incidence of diabetes have creates a fertile terrain for the market to flourish in Japan.

Besides this, opportunities are likely to bolster in the India market as well. By 2024, the nation will exhibit robust growth benefiting from the increasing awareness among citizens, rising demand for advanced safety syringes, and the increasing incidence of chronic ailments. Additionally, the Indian government has increased their healthcare spending, which is expected to have a positive impact on the retractable needle safety syringes market. Overall the countries in ASEAN will offer lucrative prospects for the retractable needle safety syringes market on account of the rising demand for advanced healthcare, which is further bolstered by the population growth rate.

Request to Browse Full Table of Content, figure and Tables @ https://www.transparencymarketresearch.com/report-toc/24083

Summary of Table of Content

1: Preface
2: Assumptions and Research Methodology
3: Executive Summary
4: Market Overview
5: Market Dynamics
6: Asia Pacific Biopharmaceutical Logistics Market Analysis
7: Company Profiles

ABOUT US:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.

CONTACT:
Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-345

This release was published on openPR.