(Australia-NewsWire.Com, May 27, 2017 ) As per the syndicated report published by Market Data Forecast, Europe Safety syringes Market which is estimated to be USD 1201 million in 2016 and expected to grow at a CAGR of 7.97%, to reach USD 1762 million by 2021 with a cumulative growth rate of USD 561 million in the span of five years.
It can attributed to the factors such as ever rising demand to protect healthcare professionals from accidental needle-stick injuries and hospital-acquired infections. Further, rising occurrences of needlestick injuries, government initiatives and legislations to integrate the practice of safety syringes, improved safety mechanisms for syringes and favourable reimbursement policies are supporting the growth of Safety syringes market in European countries. Presently, several countries have enforced regulations to ensure the compulsory use of safety syringes with an aim of preventing needle stick injuries and restrict needle re-use. However, accessibility to alternate drug delivery methods, expensiveness of safety syringes, ignorance in low income regions due to unawareness about healthcare and safety issues are few factors preventing the steady growth of Europe safety syringes market.
In syringe-based safety devices, the safety mechanism is built into the syringe. The needle on a syringe-based safety device can be detachable or permanently attached. Typically, the needle is of a standard or conventional design. Disposable syringes with needles are the most common cause of reported needle stick injuries in hospitals. Those used for drawing blood represent the greatest risk of transmission of a blood borne pathogen because they're both hollow and blood-filled. Remember that it's essential to have frontline worker input into the selection of safety syringes. It may be entirely possible to use a non-safety syringe for non-patient use or contact and a safety syringe for patient use or contact only.
Europe Safety Syringes Market is segmented based on therapy, technology and end-users below for obtaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). European countries together holds the second position in terms of revenue as well as volume in the global safety syringes market. United Kingdom represents the largest share of the Europe safety syringes market, followed by Germany. While Spain is expected to record highest CAGR within the forecast period.
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 Safety Syringes market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses
Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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