Safety Syringes Market

Safety syringes market is expected to grow at a CAGR of 8.96% during the forecast period
Safety Syringes Market Size and Growth Rate:
The market is expected to reach USD 8.42 billion by 2024 from USD 5.48 billion in 2019, growing at a
CAGR of 8.96% over the review period 2019-2024.
Safety Syringes Market Overview:
The safety mechanism built into the syringe which mainly protects from the needle stick injuries. Some
of the syringes are specifically designed for single use where as others can be re-used according to its
features. The advanced safety syringes are manufactured with high quality and also effective features
which prevent needle stick.
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Safety Syringes Market Growth Drivers and Restraints:
Increasing incidences of chronic diseases is major factor propelling the demand of the market. Also, rise
in support from the government organizations is driving the growth of the safety syringes market.
Growing prevalence for the safety mechanisms in syringes is additionally prompting the growth rate of
this market.
However, easy availability of other products at lower cost is certainly a challenging factor for the market
players. Fluctuations in the productivity of the syringes are also slightly restraining the growth of the
market. Stringent rules and regulations by government in approving new products are hindering the
growth of the market.
Adoption of advanced technologies in the medical sector is to surge growth opportunities for the
market. Growing awareness over utilization of disposable products in order to reduce needle stick
injuries is fueling the demand of the market. Furthermore, increasing expenditure on healthcare is
greatly influencing the growth of this market.
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Safety Syringes Market Geographical Analysis:
Regionally, the market is segmented into North America, Asia Pacific, Europe, Middle East and Africa.
North America is witnessed in leading highest shares of the market by owing to introduction of latest
equipment in medical sector with advanced technology. Also, growing economy in most of the countries
is making the market to move forward extensively. Europe is positioned next to North America in
dominating prominent shares of the market with the rising awareness over the utilization of these
syringes in order to protect from accidental needle stick injuries. Asia Pacific is accounted in having
fastest growth rate from past few years and is also to have significant growth rate in coming years.
Rapidly increasing geriatric population and growing urbanization are leveraging the demand of the
market.
Keyplayers of the Safety Syringes Market:
Some of the key players in the safety syringes market are Covidien plc (Ireland), Revolutions Medical
Corporation (U.S.), Retractable Technologies, Inc. (U.S.), Sol-Millennum (China), Ultimed, Inc. (U.S.), Axel
Bio Corporation (U.S.), Becton, Dickinson & Company (U.S.), Smiths Medical (U.K.), Terumo Corporation
(Japan) and Unilife Corporation (U.S.).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the
market. It helps us understand the market better through size anticipation and CAGR calculation to
estimate the next market. It has a broader segmentation for better understanding of the enterprising of
the market at a low level by segregating the market into smaller sectors.
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Safety Syringes Market Size is Predicted to Reach USD XX Billion by 2024 during the forecast period 2019-2024.

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