The
global safety syringes market is expected to grow at a CAGR of 9.7%
between the years 2013 and 2019. This market is witnessing a shift in
demand from conventional syringes to safety syringes. Safety syringes
refer to syringes that are equipped with safety mechanisms. Such
syringes are available with either permanently fixed needles or
removable needles. The main factors that drive the global safety
syringes market are better safety mechanisms in syringes, expanding
injectables market, increasing frequency of needlestick injuries and
government regulation on widespread use of safety syringes.
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According
to reports, millions of healthcare workers in the US are exposed to
blood borne diseases caused due to injuries caused by needlesticks.
Unsafe syringe handling may lead to the transfer of blood borne
diseases like Hepatitis C, Hepatitis B and HIV. The global safety
syringes market is fueled by greater healthcare initiatives being
taken by the governments of various economies. In fact, government
legislations are urging manufacturers in the global safety syringes
market to produce syringes with safety mechanisms.
Market
Segmentation of the Global Safety Syringes Market
The
global safety syringes market is segmented primarily on the basis of
product type. The two main types of safety syringes include
retractable safety syringes and non-retractable safety syringes.
Retractable safety syringes are also of two types which are manual
retractable safety syringes and automatic retractable safety
syringes. Retractable syringes include syringes with hinged needle
covers, sheathing tube syringes and syringes with sliding needle
covers. There is greater preference for automatic retractable safety
syringes as against manual retractable safety syringes due to greater
safety and ease of use. Also, the demand for retractable safety
syringes is estimated to be greater than the demand for
non-retractable safety syringes due to higher incidence of adoption
in the developed economies and rising safety concerns.
Challenges
Prevailing in the Global Safety Syringes Market
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The
global safety syringes may have to face some challenges in terms of
simultaneous development of alternative drug delivery techniques and
increasing costs associated with safety syringes. The slow rate of
adoption of safety syringes across healthcare units is due to the
cost of safety syringes which is twice or thrice the cost of the
conventional syringes. Such a thing is more prevalent in countries
which give greater importance to imparting training to healthcare
workers than purchasing safety syringes for reducing the frequency of
injuries caused due to needlesticks and other sharp medical
instruments. Absence of strict government regulations pertaining to
the use of safety syringes in the Asia Pacific and the rest of the
world has been a major factor that has affected the growth of the
safety syringes market in these regions.
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Regional
Participants in the Global Safety Syringes Market
The
largest regional market for safety syringes in the global safety
syringes market is North America due to the majority share that it
holds in terms of both revenue and volume. The region of North
America is witnessing a noteworthy shift from conventional syringes
to safety syringes. In terms of volume and revenue generated in the
global safety syringes market, North America is followed by Europe.
The markets in the Asia Pacific and the rest of the world will also
be experiencing robust growth in the global safety syringes market
due to various immunization programs being undertaken by
international bodies like the UNICEF and the WHO.
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Some
of the leading companies in the global safety syringes market include
Unilife Corporation, Becton, Dickinson & Company, Retractable
Technologies, Inc., Smiths Medical, Terumo Corporation, Revolutions
Medical Corporation and Covidien plc.
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