Safety Syringes Market Size, Share, Growth Analysis, By Product(Retractable Safety Syringes and Non-Retractable Safety Syringes), By Type(Attached Needle and Detachable Needles), By End-user(Hospitals, Blood Donation Camps, and Others), By Therapy(Insulin and Tuberculosis), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Safety Syringes Market?

Global Safety Syringes Market size was valued at USD 8.45 billion in 2022 and is poised to grow from USD 9.11 billion in 2023 to USD 16.61 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

Q: Who are the key vendors in the Global Safety Syringes Market?

The global safety syringes market exhibits a competitive landscape characterized by the presence of several key players striving for market dominance. Companies such as Becton, Dickinson and Company, Medtronic plc, Terumo Corporation, Smiths Medical, and Retractable Technologies, Inc. are at the forefront of innovation and product development in this sector.

Report ID: SQMIG35B2132 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 111 | Figures: 77

Safety Syringes Market Dynamics

Safety Syringes Market Drivers

Increasing Needlestick Injuries

Accidental needlestick injuries in healthcare settings carry a substantial threat to healthcare providers, potentially resulting in the transmission of bloodborne illnesses like HIV, hepatitis B, and hepatitis C. This increased recognition of the dangers associated with needlestick injuries has spurred a notable surge in the market for safety syringes. These specialized syringes are designed to effectively mitigate the risk of unintended needlestick injuries and their subsequent consequences.

Safety Syringes Market Restraints

Cost considerations

Safety syringes often come at a higher cost compared to traditional syringes, attributed to the integration of advanced safety mechanisms. This price disparity can present an obstacle, particularly in low-income countries or areas with constrained healthcare funding. The economic aspect plays a crucial role in influencing the widespread acceptance of these secure syringe alternatives.

Safety Syringes Market Report Snapshots

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Safety Syringes Market size was valued at USD 8.45 billion in 2022 and is poised to grow from USD 9.11 billion in 2023 to USD 16.61 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

The safety syringes market exhibits a competitive landscape characterized by the presence of several key players striving for market dominance. Companies such as Becton, Dickinson and Company, Medtronic plc, Terumo Corporation, Smiths Medical, and Retractable Technologies, Inc. are at the forefront of innovation and product development in this sector. 'Becton, Dickinson and Company (US)', 'Medtronic plc (US)', 'Terumo Corporation (Japan)', 'Smiths Medical (US)', 'Retractable Technologies, Inc. (US)', 'Gerresheimer AG (Germany)', 'Baxter International Inc. (US)', 'B. Braun Melsungen AG (Germany)', 'Cardinal Health, Inc. (US)', 'Nipro Corporation (Japan)', 'UltiMed, Inc. (US)', 'Revolutions Medical Corporation (US)', 'Axel Bio Corporation (US)', 'Gerresheimer AG (Germany)', 'HTL-STREFA S.A. (Poland)', 'DMC Medical Limited (UK)', 'Sol-Millennium Medical Group (South Korea)', 'Amcor plc (UK)', 'Bayer AG (Germany)', 'Vygon (France)'

Accidental needlestick injuries in healthcare settings carry a substantial threat to healthcare providers, potentially resulting in the transmission of bloodborne illnesses like HIV, hepatitis B, and hepatitis C. This increased recognition of the dangers associated with needlestick injuries has spurred a notable surge in the market for safety syringes. These specialized syringes are designed to effectively mitigate the risk of unintended needlestick injuries and their subsequent consequences.

Rise of Self-Injection and Home Healthcare: Patients are increasingly taking an active role in managing their conditions, and safety syringes equipped with user-friendly features are enabling safer and more convenient self-administration of medications at home. This trend aligns with the growing emphasis on patient empowerment, reducing healthcare facility visits, and improving overall treatment adherence.

North America currently stands as the dominating market in the safety syringes industry. The region's dominance can be attributed to stringent regulations regarding healthcare worker safety, well-established healthcare infrastructure, and higher awareness levels about the risks associated with needlestick injuries and bloodborne infections. Additionally, increased investments in research and development, along with a proactive approach to adopting advanced medical technologies, have further fueled the adoption of safety syringes.

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Safety Syringes Market Dynamics

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