Safety Syringes Market to Growing CAGR of 12.5% over 2025

Posted by venkatakiran on September 30th, 2019

Global Safety Syringes Market to Growing CAGR of 12.5%  over 2025

Global Safety Syringes Market was Valued at US$XX Mn in 2018, Growing Incidence of Needlestick Injuries

Analyst Speak:

 

The Global Safety Syringes Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR of 12.5% over next seven years 2019-2025 owing to growing incidence of needlestick injuries

The global safety syringes market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors propelling the market growth are rising prevalence of chronic diseases, growing incidence of needle stick injuries, favorable reimbursement policies and rise in awareness regarding the benefits of using safety syringes. However, availability of alternate drug delivery methods and lack of awareness about healthcare and safety issues are hampering the market growth.

Global safety syringes market segmented on the basis of technology, product type, therapy type and region.

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Insulin Dominate the Global Safety Syringes Market

Based on therapy type, global safety syringes market segmented into insulin, GLP-1, tuberculosis, growth hormone and others. Insulin segment held considerable market growth during estimated period. Safety is a priority for both patients and healthcare professionals. Insulin syringes are the only commonly used way of delivering insulin, insulin pens became more commonly used. Insulin are injected subcutaneously, that is into a layer of fat between muscle and the skin. Insulin syringes are available in a number of needles lengths. For instance, UltiCare® insulin safety syringes are engineered with features which help reduce the risk of needlestick injuries.

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venkatakiran
Joined: September 16th, 2019
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