Infinium Global Research Safety Syringes Market | Page 2

Safety Syringes Market: Trends and Forecasts up to 2024
The Infinium Global Research analyzes the report of Safety Syringes Market over
the period of 2018 to 2024. This report also provides detailed qualitative and
quantitative analyses of the market dynamics, market size and future trends in
Global Safety Syringes Market. It will help a lot of decision makers to develop
strategies and find new opportunities in the Global markets of Safety Syringes.
The report covers market changing aspects including drivers, restraints,
opportunities, and trends expected to encouragement the expansion of the Safety
Syringes Market during the said period. The report also provides market
attractiveness analysis, by geography, and market share analysis, by key players
respectively. Some of the prominent participants in the Global Safety Syringes
Market are Baxter Healthcare Corporation, Becton, Dickinson and Company, NIPRO
Medical Corporation, Smiths Medical, B. Braun Melsungen AG, Retractable
Technologies, Inc., JMI Syringes & Medical Devices Limited, Boston Scientific
Corporation, Terumo Medical Corporation and Medtronic plc. According to report
the global safety syringes market is projected to grow at a CAGR of 8.7% over the
forecast period of 2018-2024.
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An inbuilt safety mechanism is included in safety syringes and also a removable or
permanently attached needle. This help to avoid accidental needlestick injuries.
The introduction of law by several countries, that make sure, the compulsory use of
safety syringes to decrease needle stick injuries and prevent needle re-use. High
occurrence of chronic diseases such as diabetes is one of the key factors expected
to drive the growth of the market. In addition, increasing number of patients using
safety syringes for insulin injection, thus increasing demand for safety syringes.
According to the American Diabetes Association, in 2015, around 30.3 Americans
had diabetes, which is 9.4% of the total U.S population. Moreover, high incidence
of HIV, HBV, and other blood borne diseases, increasing healthcare expenditure,
and rising awareness about safety syringes are the factors likely to fuel the market
in the coming years. On the other hand, lack of awareness about the blood borne
diseases that is caused by needle stick injuries and other delivery methods in
emerging market is likely to restraint the growth of the market.
Rising population and increasing incidence of diabetes and blood borne diseases is
likely to drive the growth of the market in this region. According to survey more
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