A recent market intelligence report that is published by Data Insights Partner on the global Auto-Retractable Safety Syringes Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Auto-Retractable Safety Syringes Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Auto-Retractable Safety Syringes Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Auto-Retractable Safety Syringes Market is offered. In accordance with the report, the global Auto-Retractable Safety Syringes Market is projected to expand at a CAGR of 5.5% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Safety Syringes are developed with a safety mechanism to prevent needle stick and other injuries to patients, healthcare workers and other users. The needle that is used in the syringe can be completely detached or permanently attached. After the delivery of drug through a syringe, the needle is pulled-in a barrel, thereby ensuring that the needle will not be re-used.
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According to a study by World Health Organization, around 3.1 million people have died due to unsafe use of syringes. With an increase in the number of needle stick injuries, improper disposal of used syringes and re-use of syringes, health division of Government is placing great emphasis and setting up guidelines for safe practice of syringe usage, thereby increasing the demand for safety auto-retractable syringes. Due to unsafe practice, especially in developing regions, transmission of infection amongst patients has increased considerably. Due to increased safety and easy to handle, auto-retractable syringes are preferred over manual syringes, especially in developed nations. These syringes are used to cure a wide range of diseases like diabetes, tuberculosis, cancer etc. With the rising number of such diseases globally, the global auto-retractable safety syringes market is expected to boom in the forecast period.
The major challenges faced by the global Auto-retractable Safety syringes is the replacement of syringes with alternative drug delivery methods and the high cost of this product. These factors may lead to decline of growth further affecting this market in the forecast period.
Due to unfavorable rise in needle stick injuries, government initiatives and regulation for safety, and use of enhanced technologies in medical field, North America dominates the global Auto-retractable safety syringe market globally, followed by Asia Pacific due to high incidence of diabetes and extensive immunization programs in the forecast period.
With the sudden Covid-19 pandemic, the demand for auto-retractable syringe market is expected to grow favorably. There has been around 2 million corona infected cases globally. Due to Coronavirus being extremely contagious, Government and healthcare workers are taking strict precautions of using syringes safely, to avoid the spread of this deadly virus.
This market intelligence report on the global Auto-Retractable Safety Syringes Market encompasses market segments based on application, classification and country/regions.
In terms of application, the global Auto-Retractable Safety Syringes Market is segregated into
- Subsutaneous (Sub-Q)
- Intramuscular (IM)
- Intraveneous (IV)
By classification, the global Auto-Retractable Safety Syringes Market is also classified into,
- 0.5 ml
- 1 ml
- 3 ml
- 5 ml
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By country/region, the global Auto-Retractable Safety Syringes Market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Becton Dickinson and Company
- Axel Bio Corporation
- Medtronic PLC
- Retractable Technologies Inc.
- Globe Medical Tech
- Smiths Medical
- Ulti Med Inc.
- Revolutions Medical
- DMC Medical
- Q Stat
- Sol-Millenium Corporation
- Medicina Corporation
- Haiou Medical
- Mediprim and many more
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Auto-Retractable Safety Syringes related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Auto-Retractable Safety Syringes Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Auto-Retractable Safety Syringes Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Retractable Technologies, Globe Medical Tech, Revolutions Medical, DMC Medical and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Auto-Retractable Safety Syringes Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Auto-Retractable Safety Syringes Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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