Retractable Needle Safety Syringes Market

Market Insights

According to WHO studies, around 1.7 million people are infected with the hepatitis B virus, up to 315,000 with the hepatitis C virus, and as many as 33,800 with HIV through an unsafe injection. The WHO has provided new guidelines for injection safety practices protecting healthcare professionals against accidental needle injury and subsequent exposure to infection. It has recommended the usage of new “smart” syringes to prevent reuse and curb the chances of infection spread. According to a study, almost 90% of needle stick accidents can be prevented if hospitals and healthcare facilities use FDA-approved retractable syringes, thus further fueling the growth of the retractable needle safety syringe market. Thus, safety measures and regulations by the government for the use of safety needles, a rise in the incidence of needlestick accidents, and enhanced safety-engineered syringes would boost the demand for retractable needle safety syringes.

The report titled “Retractable Needle Safety Syringes Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025” offers strategic insights into the overall retractable needle safety syringe market, along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on the type of product, end users, and different geographies. The product types studied for analyzing the overall global market for retractable needle safety syringes are majorly segmented into automatic-retractable syringes and manual-retractable safety syringes. The global market for retractable needle safety syringes is segmented by end-user type into hospitals, clinics, and ambulatory surgery centers.

The market size and forecast for these regional and country-level markets are presented in this study for the period 2015–2025. Market growth rates for the forecast period 2017–2025 are also included in this report, considering 2016 as the base year. Further cross-sectional analysis in terms of product, end user, and constituent region markets is also included in this section.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global market for retractable needle safety syringes. Tools such as key player market positioning and appealing investment propositions provide readers with insights into the competitive landscape of the global market for retractable needle safety syringes. This report concludes with a company profiles section that highlights major information about the key players engaged in the global retractable needle safety syringe market. In-depth competitive environment analysis and historical (2015) market size data are also provided in the report.

Furthermore, this report concludes with a profile of key market players currently enjoying prominent positions in the retractable needle safety syringe market. The key players profiled in this report are Axel Bio Corporation, Becton, Dickinson and Company, DMC Medical Limited, Globe Medical Tech, Inc., Medtronic Plc, Medigard Limited, Retractable Technologies, Inc., Smiths Medical, Sol-Millennium, UltiMed, Inc., and others.

Based on the type of product, the global market for retractable needle safety syringes is segmented as follows:

• Automatic Retractable Syringes
• Manually retractable safety syringes

Manual retractable syringes have the highest revenue share and thus dominate the global retractable needle safety syringe market. This type of syringe is very similar to a conventional one and is more cost-effective. The automatic retractable syringes market will exhibit fast growth in the forecast period. These are considered ideal for FDA-compliant safety purposes but are expensive due to their complicated design and manufacturing process. Healthcare professionals may face problems while applying adequate force to depress the plunger to the base of the barrel for needle retraction, which might act as a restraint on the market.

The global market for retractable needle safety syringes is divided into the following segments based on the type of end-user:

• Hospitals
• Clinics
• Ambulatory Surgery Centers
• Others

The WHO provides guidelines for the safe use of syringes in order to prevent injection reuse or needle stick injury in healthcare professionals, as well as to avoid putting other people at risk due to using syringes. Retractable syringes provide a cost-effective solution and replacement for conventional syringes, further enabling healthcare users and service providers to migrate to safe products. The hospital segment dominates the global market for retractable needle safety syringes and is swiftly progressing with WHO guidelines for the usage of “smart syringes” and FDA approval for retractable syringes to avoid 90% of needlestick accidents.

For the purpose of this study, the global retractable needle safety syringes market is geographically categorized into:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

In 2016, North America dominated the retractable needle safety syringes market, followed by Europe. An increase in the incidence of needlestick accidents, government legislation to follow safe syringe practices, and new safety-engineered retractable needles approved by the FDA are some of the major factors that fuel the growth of the retractable needle safety syringe market in North America. Asia Pacific is anticipated to be the fastest-growing market in the forecast period of 2017–2025. Rising infection rates due to unsafe syringe practices, increased healthcare awareness, government initiatives for safe needle usage, and improved healthcare infrastructure are all driving the market for retractable needle safety syringes. The WHO “smart” syringe initiative is leading to a paradigm shift from the conventional use of syringes to more safety-engineered syringes that would lead to a high adoption rate in emerging economies, further boosting the retractable needle safety syringe market.

Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

Chapter 2. Executive Summary
2.1. Global Retractable Needle Safety Syringes Market Portraiture
2.1.1. Global Retractable Needle Safety Syringes Market, by Product Type, 2016
2.1.2. Global Retractable Needle Safety Syringes Market, by `End Users, 2016
2.1.3. Global Retractable Needle Safety Syringes Market, by Geography, 2016

Chapter 3. Retractable Needle Safety Syringes Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.4.1. Attractive Investment Proposition, by Geography
3.5. Competitive Landscape
3.5.1. Competitive Landscape, by Key Players, 2016

Chapter 4. Global Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
4.1. Overview
4.2. Attractive Investment Proposition: Global Retractable Needle Safety Syringes Market, by Product Type
4.3. Automatic Retractable syringes
4.4. Manual Retractable Safety Syringes

Chapter 5. Global Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
5.1. Overview
5.2. Attractive Investment Proposition: Global Retractable Needle Safety Syringes Market, by End Users
5.3. Hospitals
5.4. Clinics
5.5. Ambulatory Surgery Centers

Chapter 6. Global Retractable Needle Safety Syringes Market, by Geography, 2015 – 2025 (US$ Mn)
6.1. Overview
6.2. North America Retractable Needle Safety Syringes Market Analysis, 2015 – 2025
6.2.1. North America Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
6.2.2. North America Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
6.2.3. North America Retractable Needle Safety Syringes Market, by Country, 2015 – 2025 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Retractable Needle Safety Syringes Market Analysis, 2015 – 2025
6.3.1. Europe Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
6.3.2. Europe Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
6.3.3. Europe Retractable Needle Safety Syringes Market, by Country, 2015 – 2025 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. Asia Pacific Retractable Needle Safety Syringes Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
6.4.2. Asia Pacific Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
6.4.3. Asia Pacific Retractable Needle Safety Syringes Market, by Country, 2015 – 2025 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of APAC
6.5. Latin America Retractable Needle Safety Syringes Market Analysis, 2015 – 2025
6.5.1. Latin America Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
6.5.2. Latin America Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
6.5.3. Latin America Retractable Needle Safety Syringes Market, by Country, 2015 – 2025 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) Retractable Needle Safety Syringes Market Analysis, 2015 – 2025
6.6.1. MEA Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
6.6.2. MEA Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
6.6.3. MEA Retractable Needle Safety Syringes Market, by Region, 2015 – 2025 (US$ Mn)
6.6.3.1. UAE
6.6.3.2. Saudi Arabia
6.6.3.3. South Africa
6.6.3.4. Rest of MEA

Chapter 7. Company Profiles
7.1. Axel Bio Corporation
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Becton, Dickinson and Company
7.3. DMC Medical Limited
7.4. Globe Medical Tech, Inc.
7.5. Medtronic Plc
7.6. Medigard Limited
7.7. Retractable Technologies, Inc.
7.8. Smiths Medical
7.9. Sol-Millennium, Inc.
7.10. UltiMed, Inc.
7.11. Other Notable Player

List of Figures

FIG. 1 Retractable Needle Safety Syringes : Market Segmentation
FIG. 2 Global Retractable Needle Safety Syringes Market Share, by Product Type, 2016 (US$ Mn)
FIG. 3 Global Retractable Needle Safety Syringes Market Share, by End Users, 2016 (US$ Mn)
FIG. 4 Global Retractable Needle Safety Syringes Market, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition, by Geography
FIG. 6 Market Competition Landscape, by Key Players, 2016
FIG. 7 Global Manual Retractable Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 8 Global Automatic Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 9 Global Retractable Needle Safety Syringes Hospital Market, 2015 – 2025 (US$ Mn)
FIG. 10 Global Retractable Needle Safety Syringes Clinics Market, 2015 – 2025 (US$ Mn)
FIG. 11 Global Retractable Needle Safety Syringes Ambulatory Surgery Centers Market, 2015 – 2025 (US$ Mn)
FIG. 12 U.S. Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 13 Canada Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 14 U.K. Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 15 Germany Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 16 France Retractable Needle Safety Syringes Market, 2015-2025 (US$ Mn)
FIG. 17 Rest of Europe Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 18 Japan Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 19 China Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 20 India Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 21 Rest of Asia Pacific Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 22 Brazil Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 23 Mexico Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 24 Rest of Latin America Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 25 UAE Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 26 Saudi Arabia Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 27 South Africa Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)
FIG. 28 Rest of Middle East and Africa Retractable Needle Safety Syringes Market, 2015 – 2025 (US$ Mn)

List of Tables

TABLE 1 Global Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
TABLE 2 Global Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
TABLE 3 North America Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
TABLE 4 North America Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
TABLE 5 North America Retractable Needle Safety Syringes Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 6 Europe Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
TABLE 8 Europe Retractable Needle Safety Syringes Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 9 Asia Pacific Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025(US$ Mn)
TABLE 10 Asia Pacific Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025(US$ Mn)
TABLE 11 Asia Pacific Retractable Needle Safety Syringes Market, by Country, 2015 – 2025(US$ Mn)
TABLE 12 Latin America Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025(US$ Mn)
TABLE 13 Latin America Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025(US$ Mn)
TABLE 14 Latin America Retractable Needle Safety Syringes Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 15 Middle East and Africa Retractable Needle Safety Syringes Market, by Product Type, 2015 – 2025 (US$ Mn)
TABLE 16 Middle East and Africa Retractable Needle Safety Syringes Market, by End Users, 2015 – 2025 (US$ Mn)
TABLE 17 Middle East and Africa Retractable Needle Safety Syringes Market, by Region, 2015 – 2025 (US$ Mn)
TABLE 18 Axel Bio Corporation: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 19 Becton, Dickinson and Company: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 20 DMC Medical Limited: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 21 Globe Medical Tech, Inc.: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 22 Medtronic Plc: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 23 Medigard Limited: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 24 Retractable Technologies, Inc.: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 25 Smiths Medical: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 26 Sol-Millennium, Inc.: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)
TABLE 27 UltiMed, Inc.: Company Snapshot (Business Description, Financial Information, Product Portfolio, Key Developments)