Global Safety Syringe Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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What is the Expected Growth Rate of the Safety Syringe Market from 2024 to 2033?
The safety syringe market is projected to grow from $8.19 billion in 2023 to $8.95 billion in 2024, with a CAGR of 9.2%. This growth is driven by concerns over needlestick injuries, regulatory requirements, and increasing healthcare infrastructure.
The safety syringe market is expected to grow significantly, reaching $12.6 billion by 2028 at a CAGR of 8.9%. Growth is linked to vaccination initiatives, an aging population, and increased preventive healthcare focus. Key trends include technological innovations, sustainable solutions, and enhanced emergency preparedness.
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What Key Factors Are Fueling the Growth of the Safety Syringe Market?
The increasing prevalence of blood-borne diseases is expected to promote the safety syringe market. Safety syringes help reduce the risk of accidental exposure to these diseases. Contagion Live reported a 14% rise in blood-borne infection rates in 2020–2021.
What Are the Major Segments of the Safety Syringe Market?
1) By Product: Retractable Safety Syringes, Non Retractable Safety Syringes
2) By Therapy: Insulin, Glucagon-like peptide-I (CLP-I), Tuberculosis, Growth Hormones
3) By Application: Subcutaneous, Intramuscular
4) By End-user: Hospitals, Ambulatory Surgical Centers, Long-term Care Facilities, Specialty Clinics, Other End Users
What New Trends Are Transforming the Safety Syringe Market?
Firms in the safety syringe market are introducing new products like passive needle guards to enhance safety. For instance, in November 2021, Becton, Dickinson, and Company launched the BD UltraSafe Plus 2.25 mL Passive Needle Guard, designed for subcutaneous delivery of biologic solutions.
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Which Regions Are Driving Growth in the Safety Syringe Market?
North America was the largest region in the safety syringes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the safety syringe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Safety Syringe Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the safety syringe market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Safety Syringe Market Include
1. Safety Syringe Market Executive Summary
2. Safety Syringe Market Segments
3. Safety Syringe Market Size And Template Market Growth Rate
4. Key Safety Syringe Market Trends
5. Major Safety Syringe Market Drivers
……
25. Key Mergers And Acquisitions In The Safety Syringe Market
26. Top Safety Syringe Companies
27. Safety Syringe Market Opportunities And Strategies
28. Safety Syringe Market, Conclusions And Recommendations
29. Appendix
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