Retractable Safety Syringe Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Retractable Safety Syringe Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : November, 2020 | Medical Devices | PPT format

Report Digest


Global Retractable Safety Syringe Market: Overview

Needlesticks have been key cause of sharps injuries to healthcare workers and consequently exposing them to blood-borne pathogens. Tens of thousands of healthcare workers (HCWs) world over have suffered transmission of blood-borne viruses. Most notable of these are hepatitis B virus, hepatitis C virus, and human immunodeficiency virus (HIV). These also have been caused by the reuse of syringes in various healthcare settings. The drive for retractable safety syringes market has evolved in the light of these.

Numerous regional as well as global health agencies have emphasized on the public health concerns of needlestick injuries and their severity. The WHO revealed how three millions of HCWs were suffered blood-borne pathogens from the percutaneous exposure. Another organization the Centers for Disease Control and Prevention (CDC) disclosed how lakhs of workers suffer needlestick injuries every year. In another developed country, such as the U.K., occupational hazards due to needlestick injuries have been cause of sizable mortality. All these statistics point to the large unmet need. The retractable safety syringes market is thus brimming with opportunities. Over the years, the knowledge of clinicians or the proper use of retractable safety syringes has helped the market to evolve.

Global Retractable Safety Syringe Market: Key Developments

Numerous companies manufacturing safety medical devices are relentlessly focused on bringing improvements in automated retraction technology. Companies such as Retractable Technologies, Inc. (RTI) are aiming at bringing constant advancement in engineering controls. This has paved ways to accelerate the design of novel technologies to benefit healthcare workers in the retractable safety syringes market. Several medical device manufacturers are aiming at developing easy-to-use, reliable, and cost-effective retractable safety syringes. To this end, they have benefitted from the use of state-of-the-art equipment. Stringent regulations by regional agencies, notably by the U.S. Food and Drug Administration (FDA), have stimulated them to develop high-performance retractable safety syringes.

Some of the key players aiming for well-entrenched position in the global retractable safety syringes market are Medtronic, Revolutions Medical, Terumo Corporation, Unilife, UltiMed, Inc., Axel Bio, and Becton, Dickinson and Company.

Global Retractable Safety Syringe Market: Growth Dynamics

Increasing incidence of needlestick injuries per healthcare worker is a key aspect in the evolution of the market. Growing demands for safety engineered injection devices for preventing needlestick injuries among healthcare practioners is a key factor propelling the demands in the retractable safety syringes market. They play a key role in various healthcare settings. Rising demands for these devices in subcutaneous, intradermal, and intramuscular injections is boosting the market. Growing body of research in evaluating the effectiveness in safety syringes in preventing blood-borne infections among healthcare providers and clinicians has helped in the expansion of the market.

The popularity of disposable automatic retractable safety syringe in numerous healthcare settings is growing. Growing awareness about the safety protocols pertaining to occupational hazards among clinicians particularly in developing economies of the world imparts a big fillip to the demand in the retractable safety syringes market.

Global Retractable Safety Syringe Market: Regional Analysis

Some of the prominent regions in the retractable safety syringes market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America has witnessed a spate of state-of-the-art safety medical devices technologies, thereby reinforcing the regional prospects. Growing numbers of research and development activities by several medical device manufacturers are also helping the expansion of the North America retractable safety syringes market. On the other hand, Asia Pacific is especially promising regional market. Over the past few years, the market has seen vast potential from growing adoption of safety devices in preventing various occupational hazards among healthcare workers in its key economies.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?