According to the Report "Safety Syringes Market by Technology, by Therapy, by End Users and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016-2021)",Published by Market Data Forecast, the Global Market is Projected to Reach USD 7095 Million by 2021, at a CAGR of 8.96% From 2016 to 2021

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Dec 05, 2016, 09:30 ET

HYDERABAD, India, December 5, 2016 /PRNewswire/ --

Injection practices worldwide, particularly in low- and middle-income countries (LMICs) include multiple, preventable unsafe practices that ultimately lead to large scale transmission of blood-borne viruses among patients, health-care providers and the community at large.

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Safety syringes are specifically designed to eradicate this situation and protect healthcare workers and others from accidental needle-stick injuries, which will subsequently protect the hospital professions from healthcare-acquired infections.

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Of late, governments have issued legislation to ensure compulsory use of safety syringes to reduce needle stick injuries and also prevent needle re-use. With the introduction of these legislations there has been an increased use of safety syringes than conventional syringes in recent times. Further, increase in the frequency of needle stick injuries, growing injectable market and rising demand for safety mechanisms in syringes are thrusting the growth of global safety syringe market.

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The Global Safety Syringes Market is segmented as follows

By Technology

Retractable safety syringes
Automatic retractable safety syringes
Manual retractable safety syringes
Non-Retractable safety syringes
Sheathing tube syringes
Sliding needle cover syringes
Hinged needle cover syringes

By Therapy

Insulin
Glucagon-like peptide-1 (glp-1)
Tuberculosis
Growth hormones

By End User

Hospitals
Home Care

Geographical Segmentation

Some of the major companies functioning in the global safety syringes market are Covidien plc, Terumo Corporation, Becton, Dickinson & Company, Unilife Corporation, Revolutions Medical Corporation, Smiths Medical, Sol-Millennum, Ultimed, Inc., Axel Bio Corporation and Retractable Technologies, Inc.

The Safety Syringes Market study offers the following deliverables:

Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter's five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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