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Europe Safety Syringes Market is predicted to reach USD 1762 million by 2021

 



(Medical-NewsWire.com, April 18, 2018 ) Safety syringes have a safety mechanism constructed into the syringe. The needle on a safety syringe may be removable or permanently attached. On a few models, a sheath is positioned over the needle or the needle retracts into the barrel following injection to protect healthcare workers and others from unintentional needle stick accidents. Another alternative is a secondary device, which includes a needle capper that permits the user, with one hand, to apply a cover over the tainted needle. The significance of the safety syringe has extended; the law requiring it or equivalent has been delivered in many countries due to the fact that needle stick accidents and re-use prevention became the point of interest of governments and safety bodies.

There are numerous sorts of safety syringes to be had in the marketplace. Auto Disable (ad) syringes are designed as a single-use syringe, with an internal mechanism blocking off the barrel as soon as it is compressed once. The alternative type of syringe with a re-use prevention function is the breaking plunger syringe. These syringes are efficaciously disabled with a full compressor of the plunger; so that users can keep away from activating the re-use prevention function.

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Key trends and restrains

Foremost factors leading to the increase of retractable needle safety syringes market are growing incidences of chronic diseases, rising geriatric population, and growing recognition many of the healthcare professionals. According to with the American Diabetes Association, in 2015, round 30.7 Americans had diabetes, which is 9.4% of the overall USA populace. Furthermore, as per the (WHO), in 2015, approximately 8.8million human beings suffered from cancer global. About, 70% of the cancer deaths are recorded in low and middle-earnings economies.

As per (WHO), approximately sixteen billion injections are used annually out of which nearly 91% are given in therapeutic conditions. The issue of unsafe use of the syringe is prevalent in emerging economies, which leads to massive contamination amongst healthcare specialists and patients. Risky syringe usage can motive hemorrhagic fevers including Marburg and Ebola viruses, malaria, and others.

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Demographically

The market is segmented geographically into UK, France, Germany, Spain, Russia and others. UK accounts for largest market in this regions. The overall market is to witness a growth of CAGR of 7.97% and a forecasted market value of USD 1.79 billion by 2021

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Some of the major companies operating in the Europe safety syringes market are Retractable Technologies, Inc, Covidien plc, Terumo Corporation, Unilife Corporation, Revolutions Medical Corporation, Smiths Medical, Axel Bio Corporation, Sol-Millennum, Becton, Dickinson & Company and Ultimed, Inc.

The scope of the report provides:

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· Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment

· Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share

· The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces

· The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors

· Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments

· Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence

· Equip you with the information providing with the investment opportunities in the industry

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Source: EmailWire.Com

Source: EmailWire.com


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