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
U.K.
Germany
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia
Latin America
Brazil
Mexico
rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of the 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.
Frequently Asked Questions:
The market for Retractable Needle Safety Syringes is expected to reach US$ 2,345.7 Mn in 2025.
The Retractable Needle Safety Syringes market is expected to see significant CAGR growth over the coming years,at 6.1%
The report is forecasted from 2017-2025.
The base year of this report is 2016.
Axel Bio Corporation,Becton, Dickinson and Company,DMC Medical Limited,Globe Medical Tech, Inc.,Medtronic Plc are some of the major players in the global market.
