Global Retractable Needle Safety Syringes Market, By Product Type (Manual Retractable Safety Syringe, Auto-retractable Safety Syringe), Application (Subcutaneous (Sub-Q), Intramuscular (IM), Intravenous (IV)), End User (Hospitals, Clinics, Ambulatory Surgery Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Retractable Needle Safety Syringes Market
Retractable needle safety syringes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2147.00 million by 2028 and will grow at a CAGR of 4.87% in the above mentioned forecast period.
The retractable syringes either use manual or spring-loaded retraction to withdraw the needle into the barrel of the syringe. They are made to safeguard healthcare professionals, patients and other users from needle stick injuries.
The increase in healthcare spending is amongst the important factor expected to intensify the growth and demand of retractable needle safety syringes market. In addition, the rise in rise in prevalence of blood borne diseases and rapid surge in awareness regarding the benefits of safety syringes are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the rise in needle stick injuries and high level of security and safety for patients are also likely to enhance the growth of the market. Furthermore, the rapid increase in awareness regarding safe healthcare delivery and prevention of infections and communicable diseases are also amongst the significant factors expected to fuel the growth of the retractable needle safety syringes market.
The rapid technological advancements and rise in the government initiatives to incorporate and maximize the use of retractable safety syringes in legislation are anticipated to offer significant growth opportunities for the retractable needle safety syringes market in the forecast period of 2021 to 2028.
However, the lack of awareness about needle stick injuries and rise in preference for other delivery methods are expected to curb the growth of the retractable needle safety syringes market, whereas the high cost of procurement and raw materials can challenge the growth of the retractable needle safety syringes market.
This retractable needle safety syringes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on retractable needle safety syringes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Retractable Needle Safety Syringes Market Scope and Market Size
Retractable needle safety syringes market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the retractable needle safety syringes market is segmented into manual retractable safety syringe and auto-retractable safety syringe.
- The application segment of the retractable needle safety syringes market is segmented into subcutaneous (sub-Q), intramuscular (IM) and intravenous (IV).
- On the basis of end user, the retractable needle safety syringes market is segmented into hospitals, clinics, ambulatory surgery centers and others.
Retractable Needle Safety Syringes Market Country Level Analysis
Retractable needle safety syringes market is analyzed and market size insights and trends are provided by country, product type, application and end user as referenced above.
The countries covered in the retractable needle safety syringes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the retractable needle safety syringes market owing to the rise in the adoption of immunization techniques, easy availability of advanced healthcare infrastructure and increase in the prevalence of diabetes and tuberculosis. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in population, increase in prevalence of diabetes and rapid surge in awareness about sharp injuries.
The country section of the retractable needle safety syringes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Retractable needle safety syringes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for retractable needle safety syringes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the retractable needle safety syringes market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Retractable Needle Safety Syringes Market Share Analysis
Retractable needle safety syringes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to retractable needle safety syringes market.
The major players covered in the retractable needle safety syringes market report are BD, Medtronic, Retractable Technologies, Inc., Smiths Group plc, DMC Medical Limited, Guangdong Haiou Medical Apparatus Co., Ltd., AlShifa Medical Products Co., Retractable Technologies, Inc., Baxter, B. Braun Melsungen AG, Terumo Europe BV, AxelBio, Hamilton Company, VOGT Medical, SOL-Millennium, UltiMed, Inc., AdvaCare Pharma, MEDIPRIM GmbH, Nipro Medical Corporation, and Boston Scientific Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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