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


Syringes equipped with any sort of safety mechanisms are known as safety syringes. Safety syringes are available in the market either with a detachable needles or permanently attached needle. The report on safety syringes market provides comprehensive information about the various facets of the safety syringes market from detailed product analysis, market trends, recent developments and future outlook, and opportunities to the competitive landscape. The two major segments described in the study are retractable safety syringes and non-retractable safety syringes. Retractable safety syringes enable retraction of needles within the syringe barrel by manual and automatic means. Retractable safety syringes have been further categorized as automatic retractable safety syringes and manual retractable safety syringes. The non-retractable syringes segment accounts for all syringes that are without retractable mechanism such as sheathing tube syringes, syringes with sliding needle covers and hinged needle covers. Each of these product types (retractable safety syringes and non-retractable safety syringes) and sub-types (automatic retractable safety syringes and manual retractable safety syringes) has been analyzed on the basis of their current and future market size in USD million and market volume in terms of million units, considering the macro and micro environmental factors. In addition, the compounded annual growth rate (CAGR) of the overall market and the above segments has also been provided in the report for the forecast period 2013 to 2019, considering 2011 and 2012 as the base years. Comparative analysis for the global safety syringes market (in terms of revenue as well as volume) by product type and by geography has also been given in the report for the years 2012 and 2019.

In terms of geography, the market for safety syringes has been segmented into four major regions, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). The current and future market size of retractable safety syringes as well as non-retractable safety syringes in terms of USD million and market volume in terms of million units for each of these regions along with CAGR (from 2013 to 2019) have also been provided in the report. In the geography chapter, population, gross domestic product (GDP) and healthcare expenditure for major countries of each regions have been depicted for three consecutive years (2010,2011 and 2012) in a tabular form in order to give an idea about the overall potential of the respective region. The study also provides a detailed qualitative market dynamics analysis such as drivers, restraints and opportunities in the market overview section of the report (chapter 3). Information pertaining to the market dynamics is expected to play major roles in decision making by industry participants. The report also includes detailed Porter’s five forces analysis and market attractiveness analysis pertaining to the safety syringes market in the overview section of the report. The qualitative section on the market attractiveness analysis will help manufacturers to make strategic decision regarding investment in a specific geography. The market overview section of the report also includes the qualitative and quantitative analysis of the competitive landscape. The quantitative analysis of the competitive landscape provides market share of key players in terms percentage for the year 2012.  The study also suggests a list of recommendations for new companies willing to enter the market and for existing companies that is likely to help in decision making process and accentuate their market shares.

The report concludes with the company profiles of the key players operating in this market. Becton, Dickinson & Company, Covidien plc, Retractable Technologies, Inc., Revolutions Medical Corporation, Smiths Medical, Terumo Corporation and Unilife Corporation are the major players profiled in this report that actively participate in the safety syringes market.

The global safety syringes market is segmented as follows:

Safety Syringes Market, by Product Type
  • Retractable Safety Syringes
    • Automatic Retractable Safety Syringes
      • By Revenue (USD Million)
      • By Volume (Million Units)
    • Manual Retractable Safety Syringes
      • By Revenue (USD Million)
      • By Volume (Million Units)
  • Non Retractable Safety Syringes
    • By Revenue (USD Million)
    • By Volume (Million Units)
Safety Syringes Market, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

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)

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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.

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