Safety syringes are specifically designed to protect healthcare workers and others from accidental needle-stick injuries, which will subsequently protect the hospital professions from healthcare-acquired infections.
According to the report Asia Pacific Safety Syringes Market, published by Market Data Forecast, the market is projected to reach USD 1.24 billion by 2021, at a CAGR of 10.92% from 2016 to 2021.A common way for infectious diseases to spread is through the direct transfer of bacteria, viruses or other germs from one person to another. This can occur when an individual with the bacterium or virus touches, kisses, or coughs or sneezes on someone who isn't infected.
This happens a lot when someone reuses syringes or does not use sterilized syringes
Safety Syringes Market: Drivers & Restraints
Major factors driving the market forward are favourable reimbursement policies, improved safety mechanisms for syringes, increasing incidences of needle-stick injuries and increasing government initiatives and legislations to incorporate the practice of using safety syringes. Conversely, factors like expensive prices of safety syringes, accessibility to other drug delivery methods, lack of awareness and ignorance in low income regions, lack of awareness regarding healthcare and safety issues are the factors hindering the growth of market.
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Safety Syringes Market: Segmentation
- Retractable Safety Syringes
- Non-Retractable Safety Syringes
- Sliding needle cover
- Hinged needle cover
- Growth Hormones
Safety Syringes Market: Overview
Non-retractable safety syringes hold the major share of sales in the Asia Pacific regions owing to their ease of use while the retractable safety syringes segment is anticipated to rise at a higher CAGR within the forecast period. Hospitals hold major share among the user segment and Insulin Syringes hold major share due to prevalence of diabetes.
Safety Syringes Market: Region-wise Outlook
Geographically, market is segmented into various regions namely China, Japan, India and South Korea. Asia Pacific is expected to increase at a significant CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries, increasing awareness among the individuals regarding the needle-stick injuries.
Key Questions Answered
- What is the current and future Safety Syringes Market outlook in Asia Pacific? What trends are affecting the market?
- What is the competitive landscape and market share of major players in the Safety Syringes Market space in Asia Pacific?
- What are the key, high growth markets that Safety Syringes Market manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Safety Syringes currently on the market? How will emerging technologies fulfil these unmet needs?
- What is End-User perception and market outlook of Safety Syringes?
- What are the challenges and barriers that have hindered widespread adoption of Safety Syringes?
Safety Syringes Market: Key Players
Some of the major companies operating in the Asia Pacific safety syringes market are Retractable Technologies, Inc, Becton, Dickinson & Company, Terumo Corporation, Unilife Corporation, Covidien plc, Revolutions Medical Corporation, Smiths Medical, Axel Bio Corporation, Sol-Millennum and Ultimed, Inc.
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