Transparency
Market Research (TMR) has announced an addition of a new market
research report about the global safety syringes market that provides
a comprehensive outlook about current and future market trends and
related details. The report forecasts that the global safety syringes
market developing at a promising CAGR of 9.7% during the forecast
period from 2013 to 2019. The report states that the global market
value was US$3,419.1 million in 2012 and is expected to reach
US$6,496.8 million by 2019.The market report is titled ‘Safety
Syringes Market - Global Industry Analysis, Size, Volume, Share,
Growth, Trends and Forecast, 2013–2019.’
Browse
the full Safety Syringes Market Report at
http://www.transparencymarketresearch.com/retractable-safety-syringes.html
The
market report has a comprehensive description about the types of
safety syringes available, classifications, market trends,
opportunities, drivers and restraints, and future market forecasts.
The market study analyzes the growth rate of the worldwide safety
syringes market based on revenues and volume, market segments, and
the base years being 2011 and 2012. The market research report
provides information on how safety syringes have evolved to protect
against the severe outcomes of needlestick injuries. A key growth
factor for the safety syringes market is the government regulations
that compelled manufacturers to develop syringes featuring safety
mechanisms based on advanced technology.
Additionally,
an increase in the number of injectable drugs in the global market
has led to more syringes with safety mechanisms being manufactured.
In some countries, such as the U.S., the safety syringe market has
been bolstered due to safety measures enforced by government health
regulatory bodies to guard against blood borne diseases. Growing
awareness of the risks and severe outcomes associated with using
unsafe injection procedures are listed among the market acceleration
factors in the report.On the other hand, market growth is hampered by
the high costs connected with safety syringes. The costs are
inhibiting and delaying the change from using traditional reusable
syringes to safety syringes. Market challenges also exist due to the
use of alternative methods of drug delivery. Market segments for
safety syringes, as detailed in the report, are based on product type
and geographical regions. Based on product type, the safety syringes
market is composed of retractable and non-retractable safety
syringes. The retractable safety syringe segment is further divided
into manually and automatically operated types.
The
market report calculates the global market revenues and volumes for
both product types and geographical regions. North America was
reported to be the topmost market for safety syringes in 2012 with
highest share in both volume and revenue. This region has witnessed a
significant move towards the use of safety syringes and has an
emergent market for prefilled syringes during the forecast
period.Europe was reported as the second largest growth area in 2012.
Asia Pacific and Rest of the World (RoW) safety syringes market is
expected to display growth due to immunization programs introduced by
United Nations health bodies such as United Nations Children’s Fund
(UNICEF) and World Health Organization (WHO). The safety syringes
market in these geographical regions is expected to expand with the
increased penetration of companies in European countries and in U.S.
Browse
the full Press Release:
http://www.transparencymarketresearch.com/pressrelease/safety-syringes-market.htm
The
market report lists the major players in the safety syringe market.
Among them are Retractable Technologies, Inc., Smiths Medical,
Becton, Dickinson & Company, Unilife Corporation, Terumo
Corporation, and Smiths Medicals among others.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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