Market Research Reports

Safety Syringes Market (Retractable Safety Syringes: Automatic Retractable Safety Syringes and Manual Retractable Safety Syringes, and Non-Retractable Safety Syringes) - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast, 2013 - 2019

75pages
Published Date: 2014-06-02

Description



According to the World Health Organization (WHO), unsafe injection practices cause more than 1.3 million deaths worldwide every year. The global healthcare industry has witnessed a surge in needlestick injuries, which has spurred the demand for retractable safety syringes worldwide. Needlestick injuries are mostly caused by sharing, reuse, or unsafe disposal of non-sterile syringes. 

This in turn leads to the transmission of blood-borne pathogens such as the Hepatitis C virus and HIV. To curb the increasing incidence of needlestick injuries, the healthcare and pharmaceutical industries around the world are now evolving to the mandatory use of safety syringes. Such factors have given a significant boost to the global safety syringes market. 

In its 75 pages, the report provides an executive-level synopsis of the global safety syringes market, underlining the key growth drivers and identifying the potential threats and opportunities. To present a comprehensive overview, the report segments the global safety syringes market into non-retractable and retractable safety syringes. Retractable safety syringes are further classified into automatic and manual retractable safety syringes. Non-retractable syringes encompass the variants without retraction mechanism. This segment comprises syringes with sliding needles, sheathing tube syringes, and hinged needle covers.

Information sourced through primary and secondary research methods is evaluated coherently. Based on information obtained from primary and secondary research, the report analyzes the present market dynamics and forecasts growth projections. 

Overview of the Global Safety Syringes Market

The global safety syringes market stood at US$3,419.1 million in 2012. Expanding at an impressive 9.7% CAGR, the report forecasts that the market will reach a valuation of US$6,496.8 million in 2019. 

Increasing occurrences of needlestick injuries and their serious repercussions have led to substantial growth of the global safety syringes market. To counter the rising prevalence of needlestick injuries, governments of leading economies have legislated stringent regulations mandating the use of safety syringes across the respective healthcare sectors. As a consequence, a marked rise in the demand for safety syringes with improved safety mechanism has been noted worldwide. 

The U.S. Occupational Safety and Health Administration observed in a study that around 5.6 million healthcare workers in the country are exposed to blood-borne diseases via needlestick injuries. The U.S. is the first country to enforce the use of safety syringes in healthcare facilities within legislation, through the Federal Needlestick Prevention Act in 2000. Such factors have significantly attributed to the expansion of the safety syringes market. 

North America dominated the global safety syringes market in 2012 in terms of both volume and revenue generated. The region is likely to exhibit unbridled growth in terms of demand for safety syringes during the forecast period owing to government initiatives that boost the use of safety mechanisms across the region’s healthcare sector. Europe is the second largest safety syringes market. However, Asia Pacific and Rest of the World will emerge as the fastest growing markets for safety syringes owing to ongoing immunization programs deliberated by UNICEF and the WHO. 

Companies mentioned in the research report 

The dominant players in the market profiled in the report are Covidien plc, Becton, Unilife Corporation, Medical Smiths, Dickinson & Company, Retractable Technologies, Inc.. 

Safety Syringes Market, by Product Type:
  • Retractable Safety Syringes
  • Non-retractable Safety Syringes
Major geographies analyzed under this research report are: 
  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
      1.3.1 Sources
              1.3.1.1 Secondary Research
              1.3.1.2 Primary Research

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Safety Syringes Market
2.2 Comparative Analysis: Global Safety Syringes Market Revenue, by Geography, 2012 & 2019 (Value %)
2.3 Comparative Analysis: Global Safety Syringes Market Volume, by Geography, 2012 & 2019 (Value %)

Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
      3.2.1 Drivers
              3.2.1.1 Increasing cases of needlestick injuries
              3.2.1.2 Governmental legislation propelling manufactures to develop syringes with safety mechanisms
              3.2.1.3 Continuous growth in injectable drugs market
      3.2.2 Restraints
              3.2.2.1 High cost associated with safety syringes
              3.2.2.2 Alternative drug delivery methods
      3.2.3 Opportunities
              3.2.3.1 Automatic retractable safety syringes
3.3 Porter’s Five Forces Analysis: Global Safety Syringes Market
      3.3.1 Bargaining Power of Suppliers
      3.3.2 Bargaining Power of Buyers
      3.3.3 Threat of Substitutes
      3.3.4 Threat of New Entrants
      3.3.5 Competitive Rivalry
3.4 Market Attractiveness Analysis for the Global Safety Syringes Market, by Geography
3.5 Competitive Landscape
      3.5.1 Market Share by Key Player,  2012 (Value %)

Chapter 4 Global Safety Syringes Market, by Product Type
4.1 Overview
      4.1.1 Global Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
      4.1.2 Global Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
4.2 Comparative Analysis: Global Safety Syringes Market Revenue, by Product Type, 2012 & 2019 (Value %)
4.3 Comparative Analysis: Global Safety Syringes Market Volume, by Product Type, 2012 & 2019 (Value %)
4.4 Retractable Safety Syringes
      4.4.1 Global Retractable Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
      4.4.2 Global Retractable Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
      4.4.3 Global Retractable Safety Syringes Market Revenue, by Geography, 2011 – 2019 (USD Million)
      4.4.4 Global Retractable Safety Syringes Market Volume, by Geography, 2011 – 2019 (Million Units)
      4.4.5 Automatic Retractable Safety Syringes
              4.4.5.1 Global Automatic Retractable Safety Syringes Market Revenue,    2011 - 2019 (USD Million)
              4.4.5.1 Global Automatic Retractable Safety Syringes Market Volume,    2011 - 2019 (Million Units)
      4.4.6 Manual Retractable Safety Syringes
              4.4.6.1 Global Manual Retractable Safety Syringes Market Revenue, 2011 - 2019 (USD Million)
              4.4.6.1 Global Manual Retractable Safety Syringes Market Volume, 2011 - 2019 (Million Units)
4.5 Non Retractable Safety Syringes
      4.5.1 Global Non Retractable Safety Syringes Market Revenue, 2011 - 2019 (USD Million)
      4.5.1 Global Non Retractable Safety Syringes Market Volume, 2011 - 2019 (Million Units)
      4.5.2 Global Non Retractable Safety Syringes Market Revenue, by Geography, 2011 – 2019 (USD Million)
      4.5.3 Global Non Retractable Safety Syringes Market Volume, by Geography, 2011 – 2019 (Million Units)

Chapter 5 Global Safety Syringes Market Revenue, by Geography
5.1 Overview
      5.1.1 Global Safety Syringes Market Revenue, by Geography, 2011 - 2019 (USD Million)
      5.1.2 Global Safety Syringes Market Volume, by Geography, 2011 - 2019 (Million Units)
5.2 North America
      5.2.1 North America Safety Syringes Market Revenue, by Product Type, 2011 -22019 (USD Million)
      5.2.4 North America Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
5.3 Europe
      5.3.1 Europe Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
      5.3.2 Europe Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
5.4 Asia-Pacific
      5.4.1 Asia-Pacific Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
      5.4.2 Asia-Pacific Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
5.5 Rest of the World
      5.5.1 Rest of the World (RoW) Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
      5.5.2 Rest of the World (RoW) Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)

Chapter 6 Recommendations
6.1 Strategic mergers and acquisitions
6.2 Focus on developing automatic retractable safety syringes
6.3 Investing in rapidly growing market of Europe
6.4 Focusing on cost containment

Chapter 7 Company Profiles
7.1 Becton, Dickinson & Company
      7.1.1 Company Overview
      7.1.2 Financial Overview
      7.1.3 Product Portfolio
      7.1.4 Business Strategies
      7.1.5 Recent Developments
7.2 Covidien plc
      7.2.1 Company Overview
      7.2.2 Financial Overview
      7.2.3 Product Portfolio
      7.2.4 Business Strategies
      7.2.5 Recent Developments
7.3 Retractable Technologies, Inc.
      7.3.1 Company Overview
      7.3.2 Financial Overview
      7.3.3 Product Portfolio
      7.3.4 Business Strategies
      7.3.5 Recent developments
7.4 Revolutions Medical Corporation
      7.4.1 Company Overview
      7.4.2 Financial Overview
      7.4.3 Product Portfolio
      7.4.4 Business Strategies
      7.4.5 Recent developments
7.5 Smiths Medical
      7.5.1 Company Overview
      7.5.2 Financial Overview
      7.5.3 Product Portfolio
      7.5.4 Business Strategies
      7.5.5 Recent Developments
7.6 Terumo Corporation
      7.6.1 Company Overview
      7.6.2 Financial Overview
      7.6.3 Product Portfolio
      7.6.4 Business Strategies
      7.6.5 Recent Development
7.7 Unilife Corporation
      7.7.1 Company Overview
      7.7.2 Financial Overview
      7.7.3 Product Portfolio
      7.7.4 Recent Developments

List of Figures

FIG. 1 Safety Syringes: Market Segmentation
FIG. 2 Global Safety Syringes Market, by Product Type, 2012 (USD Million)
FIG. 3 Comparative Analysis: Global Safety Syringes Market Revenue, by Geography, 2012 & 2019 (Value %)
FIG. 4 Comparative Analysis: Global Safety Syringes Market Volume, by Geography, 2012 & 2019 (Value %)
FIG. 5 Porter’s Five Forces Analysis: Global Safety Syringes Market
FIG. 6 Market Attractiveness Analysis: Global Safety Syringes Market, by Geography
FIG. 7 Market Share, by Key Players, 2012
FIG. 8 Comparative Analysis: Global Safety Syringes Market Revenue, by Product Type, 2012 & 2019 (Value %)
FIG. 9 Comparative Analysis: Global Safety Syringes Market Volume, by Product Type, 2012 & 2019 (Value %)
FIG. 10 Global Automatic Retractable Safety Syringes Market Revenue, 2011 – 2019 (USD Million)
FIG. 11 Global Automatic Retractable Safety Syringes Market Volume, 2011 – 2019 (Million Units)
FIG. 12 Global Manual Retractable Safety Syringes Market Revenue, 2011 – 2019 (USD Million)
FIG. 13 Global Manual Retractable Safety Syringes Market Volume, 2011 – 2019 (Million Units)
FIG. 14 Becton, Dickinson & Company: Annual Revenue, 2010 – 2012 (USD Million)
FIG. 15 Covidien plc: Annual Revenue, 2010 - 2012 (USD Million)
FIG. 16 Retractable Technologies, Inc.: Annual Revenue, 2010 - 2012 (USD Million)
FIG. 17 Smiths Medical: Annual Revenue, 2010 - 2012 (USD Million)
FIG. 18 Terumo Corporation: Annual Revenues, 2010 – 2012 (USD Million)
FIG. 19 Unilife Corporation: Annual Revenue, 2010 – 2012 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Safety Syringes Market (2012 & 2019)
TABLE 2 Global Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
TABLE 3 Global Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million  Units)
TABLE 4 Global Retractable Safety Syringes Market Revenue, by Product Type, 2011 – 2019 (USD Million)
TABLE 5 Global Retractable Safety Syringes Market Volume, by Product Type, 2011 – 2019 (Million Units)
TABLE 6 Global Retractable Safety Syringes Market Revenue, by Geography, 2011 – 2019 (USD Million)
TABLE 7 Global Retractable Safety Syringes Market Volume, by Geography, 2011 – 2019 (Million Units)
TABLE 8 Global Non Retractable Safety Syringes Market Revenue, by Geography, 2011 – 2019 (USD Million)
TABLE 9 Global Non Retractable Safety Syringes Market Volume, by Geography, 2011 – 2019 (Million Units)
TABLE 10 Global Safety Syringes Market Revenue, by Geography, 2011 – 2019 (USD Million)
TABLE 11 Global Safety Syringes Market Volume, by Geography, 2011 – 2019 (Million Units)
TABLE 12 North America Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
TABLE 13 North America Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
TABLE 14 Europe Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
TABLE 15 Europe Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
TABLE 16 Asia-Pacific Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
TABLE 17 Asia-Pacific Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)
TABLE 18 Rest of the World (RoW) Safety Syringes Market Revenue, by Product Type, 2011 - 2019 (USD Million)
TABLE 19 Rest of the World (RoW) Safety Syringes Market Volume, by Product Type, 2011 - 2019 (Million Units)

Free Market Analysis


Since 2000, the global market for syringes is witnessing considerable growth in the usage of safety syringes over conventional syringes. This growth is mainly attributed to increasing concerns regarding needlestick injuries and infections coupled with governmental legislation ensuring the usage of safety syringes across the healthcare facilities. 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 increasing 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.

Geographically, North America was identified as the largest regional market for safety syringes in 2012 with majority share of the overall safety syringes market in terms of revenue as well as volume. The region is witnessing a paradigm shift in usage of safety syringes over conventional syringes. As the North American market is also witnessing a growing demand for prefilled syringes equipped with safety features, growing prefilled syringes market has also been anticipated to drive the market growth during the forecast period 2013 to 2019 in the North American region. Europe accounted for the second largest share in terms of revenue and volume both. In Asia-Pacific and Rest of the World (RoW), the market will grow due to ongoing immunization programs supported by the World Health Organization (WHO) and the United Nations Children's Fund (UNICEF), increased penetration by the U.S. and other western countries based companies and rise in awareness level regarding the serious consequences of unsafe injection practices.

Becton, Dickinson & Company, Covidien plc, Medical Smiths, Unilife Corporation, Retractable Technologies, Inc., Revolutions Medical Corporation and Terumo Corporation are some key players operating in the safety syringes market.

safety-syringes-market

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