Report Description
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.
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.
Segment Covered:
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
§ Others
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.
Report Highlights:
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.
Salient Features:
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
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Auto-Retractable Safety Syringes Market
v
Identification
of key factors driving investment opportunities in the Auto-Retractable Safety
Syringes Market
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