Global Retractable Needle Safety Syringes Market
By Product Type (Manual, Automated), By End User (Hospitals, Clinics, Ambulatory Surgical Centers), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global retractable needle safety syringes market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024.
Retractable safety syringes are integrated with safety mechanism that designed to withdraw needle into syringe barrel after drug delivery to prevent the needle stick and other accidental needle injuries. These are real-time and safe. The advantage of retractable needle safety syringes is less amount of waste volume compared with other syringes. These are widely used in the tuberculosis, diabetes, and cancer.
Increase in the global geriatric population coupled with rise in number of chronic diseases such as diabetes is a key factor drives the global retractable needle safety syringes market. Moreover, stringent regulatory guidelines for injection safety practices, high safety of retractable needles, for instance, according to a research, approximately 90% of needle injuries are reduced with retractable syringes, rise in demand for advanced treatment procedures, and development in the needle safety mechanisms are propel the global retractable needle safety syringes market over the forecast years. However, high cost of needles, alternatives drug delivery methods, and lack of awareness in the underdeveloped countries are restrain growth of this global market.
Global retractable needle safety syringes market is segmented based on product type and end user
Based on the product type, market is segmented into the following:
Based on the end user, the market is segmented into the following:
- Ambulatory Surgical Centers
Regional Analysis: Global Retractable Needle Safety Syringes Market
Geographically, global retractable needle safety syringes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America retractable needle safety syringes market is poised to grow due to rise in demand for the high safety needles, presence of huge number of market players, and increase in the prevalence of diabetes and other chronic diseases are bolster the market. Europe retractable needle safety syringes market is driving by rise in geriatric population more prone for chronic diseases, increase in healthcare expenditure, and high adoption of novel technologies in healthcare industry are surge the market. Asia Pacific retractable needle safety syringes market has prominent share attributed to increase in the prevalence of diabetes in India, China, Japan, expansion of business by the market players in Asia Pacific countries, and government regulations for the needle safety are boost the market over the forecast years.
Competition Assessment: Global Retractable Needle Safety Syringes Market
Some of the players in the global retractable needle safety syringes market include:
- Becton, Dickinson & Company (U.S.)
- Retractable Technologies, Inc. (U.S.)
- Axel Bio Corporation (U.S.)
- Sol-Millennum (China)
- Smiths Medical (U.K.),
- Ultimed, Inc. (U.S.)
- Medtronic plc. (Ireland)
- DMC Medical Limited IIreland)
- Medigard Limited (Australia)
- Numedico Technologies (Australia)
- Globe Medical Tech, Inc. (U.S.)
Notable Market Developments: Global Retractable Needle Safety Syringes Market
- In December 2017, Numedico Technologies inked an distribution agreement with Mana Mdical Services for ClickZip needle retractable safety syringes in Australia and New Zealand