Global Safety Syringes Market was Valued at US$XX Mn in 2018, Growing Incidence of Needlestick Injuries
Analyst Speak:

“The Global Safety Syringes Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR of 12.5% over next seven years 2019-2025 owing to growing incidence of needlestick injuries”

The global safety syringes market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors propelling the market growth are rising prevalence of chronic diseases, growing incidence of needle stick injuries, favorable reimbursement policies and rise in awareness regarding the benefits of using safety syringes. However, availability of alternate drug delivery methods and lack of awareness about healthcare and safety issues are hampering the market growth.

Global safety syringes market segmented on the basis of technology, product type, therapy type and region.


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Insulin Dominate the Global Safety Syringes Market

Based on therapy type, global safety syringes market segmented into insulin, GLP-1, tuberculosis, growth hormone and others. Insulin segment held considerable market growth during estimated period. Safety is a priority for both patients and healthcare professionals. Insulin syringes are the only commonly used way of delivering insulin, insulin pens became more commonly used. Insulin are injected subcutaneously, that is into a layer of fat between muscle and the skin. Insulin syringes are available in a number of needles lengths. For instance, UltiCare® insulin safety syringes are engineered with features which help reduce the risk of needlestick injuries.

Asia Pacific Leads the Global Safety Syringes market

PBI’s global safety syringes market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. This region is one of the key markets for safety syringes. The region has witnessed considerable growth in this market owing to the high incidence rates of diabetes and tuberculosis, increasing healthcare awareness and initiating immunization programs supported by WHO and UNICEF. North America has considerable growth in this market due to the rising preference of safety syringes over traditional syringes.

Strategic New Launch are the Key Strategies Adopted by Market Players

Global safety syringes market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in 2016, World Health Organization launched an `Injection Safety Project’ in India on World Hepatitis Day, to scale up treatment and care of Hepatitis. The campaign stresses injection safety through deployment of smart auto disable (AD) syringes in developing countries by 2020.


Key player’s profiles in the report are Unilife Corporation (U.S.), Ultimed, Inc. (U.S.), Terumo Corporation (Japan), Sol-Millennium Medical Group (China), Royal Imtech N.V. (Smiths Medical) (Netherlands), Revolutions Medical Corporation (U.S.), Retractable Technologies, Inc. (U.S.), Medtronic (U.S.), Becton, Dickinson & Company (U.S.) and Axel Bio Corporation (U.S.).

Precision Business Insights (PBI) in its report titled “Global Safety Syringes Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

Detailed Segmentation

By Technology
o Non-Retractable
• Hinged Needle
• Sheathing Tube
• Sliding Needle
o Retractable
• Manual
• Automatic

By Product Type
o Detachable Needles
o Attached Needle

By Therapy Type
o Insulin
o GLP-1
o Tuberculosis
o Growth Hormone
o Others

By Geography
o North America
• US
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA



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