The
global safety syringes market was valued at USD 3.41 billion in 2012
and is expected to grow at a CAGR of 9.7% from 2013 to 2019, to reach
an estimated value of USD 6.50 billion by 2019.
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Safety
syringes are integrated with safety mechanisms that protect patients
and healthcare professionals from accidental needlestick injuries.
High risk associated with the unsafe handling of syringes that may
transfer HIV, Hepatitis B, Hepatitis C and other blood borne
diseases, encourages healthcare workers to adopt syringes with safety
features. There are two major types of safety syringes available in
the market, namely, retractable safety syringes and non-retractable
safety syringes. Retractable safety syringes can be further
categorized as the automatic retractable safety syringes and manual
retractable safety syringes. Sheathing tube syringes equipped with
sliding needle covers and hinged needle covers are the examples of
non-retractable safety syringes.
Non-retractable
safety syringes accounted for the larger share of the total market in
2012, both by revenue as well as volume. However, during the forecast
period, retractable safety syringes are expected to experience
greater demand than non-retractable safety syringes, mainly due to
advantages offered by them such as improved safety, reduced time and
ease of use. The market for retractable safety syringes has been
anticipated to grow at a CAGR much higher than that of the syringes
with protective shield during the forecast period from 2013 to 2019.
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Increasing
cases of needlestick injuries, governmental legislation propelling
manufacturers to develop syringes with safety mechanisms and
continuous growth in injectable drugs market are some major growth
factors driving the market for safety syringes worldwide. A study
conducted by the Centers for Disease Control and Prevention (CDC)
suggests that approximately 385,000 needlestick and other
sharps-related injuries occur in the U.S. each year. According to
Eucomed, a group of more than 25,000 designers, manufacturers and
suppliers of medical devices, nearly 1 million needlestick and sharps
injuries occur in Europe each year. High incidence rate of
needlestick injuries and their serious consequences encourage
healthcare professionals to use syringes with safety mechanisms, thus
driving the growth of the safety syringes market worldwide.
In
order to ensure safety from accidental needlestick injuries,
governments of various countries brought legislation in their
respective countries mandating the use of safety syringes. The U.S.
federal government signed the Needlestick Safety and Prevention Act
into a law on November 6, 2000, compelling syringe and needle
manufacturers to adopt product modifications in order to comply with
the regulatory guidelines. Similarly, a legislation called TRBA 250
ensures the use of safety equipped syringes and needles across
hospitals and physician offices in Germany. These legislations are
expected to drive market growth by encouraging syringe companies to
manufacture safety syringes in order to reduce injuries from
needlestick and unsafe syringe usage. Similarly, the worldwide growth
in the injectable drugs market will also drive the market growth for
safety syringes.
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On
the other hand factors such as high product cost and availability of
alternative drug delivery methods including transdermal drug
delivery, nasal delivery and skin-based delivery may hamper the
market growth to some extent. Geographically, North America accounted
for the largest share of the overall safety syringes market in 2012
in terms of value (USD Million) as well as volume (Million Units),
followed by Europe. Governmental legislation mandating the use of
safety syringes across the healthcare facilities has been a key
factor driving the market growth in the region. In Asia-Pacific and
Rest of the World (RoW) regions, lack of strict governmental
legislation regarding the use of safety syringes has been one of the
major factors restraining the market growth in these regions.
However, during the forecast period 2013 to 2019, growing concerns
for accidental needlestick injuries will play a key role in driving
the market growth in these markets. Becton Dickinson & Company,
Covidien plc, Retractable, Technologies, Inc., Revolutions Medical
Corporation, Smiths Medical, Terumo Corporation and Unilife
Corporation are some major players operating in the safety syringes
market space.
The
global safety syringes market is segmented as follows:
Safety
Syringes Market, by Product Type
Retractable
Safety Syringes
Automatic
Retractable Safety Syringes
- By Revenue (USD Million)
- By Volume (Million Units)
Manual
Retractable Safety Syringes
- By Revenue (USD Million)
- By Volume (Million Units)
Non
Retractable Safety Syringes
- By Revenue (USD Million)
- By Volume (Million Units)
Safety
Syringes Market, by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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