Research and Markets (http://www.researchandmarkets.com/research/p8zc2t/safety_syringes)
has announced the addition of the "Safety
Syringes - Global Industry Analysis, Size, Volume, Share, Growth, Trends
and Forecast, 2013" report to their offering.
The global market for safety syringes was valued at USD 3,419.1 million
in 2012 and is expected to reach USD 6,496.8 million by the end of 2019,
growing at a CAGR of 9.7% during the forecast period from 2013 to 2019.
Two major types of safety syringes available in the market consist of
retractable safety syringes and non-retractable-safety syringes. In
2012, non-retractable safety syringes that include sheathing tube
syringes, syringes with sliding needle covers and hinged needle covers
accounted for the larger share in terms of revenue (USD Million) as well
as volume (Million Units).
However, during the forecast period, the market for retractable safety
syringes is expected to grow at a higher CAGR than the non-retractable
safety syringes due to increasig safety concerns and adoption in
developed regions. The market for retractable safety syringes has been
further segmented as automatic retractable safety syringes and manual
retractable safety syringes. Automatic retractable safety syringes are
more preferred than manual retractable syringes owing to advantage such
as ease of use and enhanced safety.
The global market for safety syringes is primarily driven by factors
such as increasing cases of needlestick injuries and their serious
consequences, governmental legislation, overall growth in injectable
drugs market and technical advances leading to syringes with improved
safety features. According to the U.S. Occupational Safety and Health
Administration (OSHA), approximately 5.6 million healthcare workers
across the U.S. are high risk of exposure to blood borne diseases via
needlestick and other sharp related injuries. The above mentioned fact
indicates a favorable growth for safety syringes market.
However, the market may face significant challenges from higher cost
associated with the safety syringes and continuous development in
alternative drug delivery methods. Safety syringes cost two to three
times more than the traditional syringes that results in slow adoption
rate of safety syringes across the healthcare facilities. This factor is
more prominent across the developing nations where healthcare providers
believe that the incidence of needlestick injuries can be prevented by
providing training to healthcare workers and thus, avoids spending money
on purchasing safety syringes.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Safety Syringes Market, by Product Type
Chapter 5 Global Safety Syringes Market Revenue, by Geography
Chapter 6 Recommendations
Chapter 7 Company Profiles
For more information visit http://www.researchandmarkets.com/research/p8zc2t/safety_syringes
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