Wilmington, Delaware, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Auto-retractable Safety Syringe Market by Type (0.5ml capacity, 1 ml Capacity, 3 ml capacity and Others), and Application (Intramuscular, Subcutaneous and Intravenous): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the auto-retractable safety syringe market was valued at $3.2 billion in 2023, and is estimated to reach $4.8 billion by 2033, growing at a CAGR of 4% from 2024 to 2033.
Request Sample of the Report on Auto-retractable Safety Syringe Market 2033 - https://www.alliedmarketresearch.com/request-sample/A324374
Prime determinants of growth
Rise in chronic disease cases and increasing awareness of needlestick injuries are the major factors that drive the growth of the market. However, the high production cost of the auto-retractable safety syringe hinders the market growth. Moreover, continuous advancements in syringe technology offer remunerative opportunities for the expansion of the global auto-retractable safety syringe market.
Report coverage & details
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $3.2 billion |
| Market Size in 2033 | $4.7 billion |
| CAGR | 4.0% |
| No. of Pages in Report | 216 |
| Segments Covered | Type, Application, and Region. |
| Drivers |
|
| Opportunities |
|
| Restraints |
|
Want to Explore More, Connect to our Analyst - https://www.alliedmarketresearch.com/connect-to-analyst/A324374
Segment Highlights
The capacity of auto-retractable safety syringes
The capacity of auto-retractable safety syringes varies depending on the treatment requirements. However, 0.5 ml capacity syringes are more widely used due to their suitability for a range of applications, including vaccines and medications that require precise, small-volume dosing. Their widespread use is attributed to their practicality and compatibility with standard treatment protocols.
Wide application in intravenous
Auto-retractable safety syringes are extensively used in intravenous applications due to their enhanced safety features, which minimize the risk of needlestick injuries and contamination. These syringes ensure precise delivery of medications directly into the bloodstream, making them ideal for various intravenous treatments.
Regional Outlook
The regional market outlook for auto-retractable safety syringes shows significant growth potential in North America due to stringent healthcare regulations and high adoption rates of safety devices. Europe follows closely, driven by increasing healthcare awareness and policies promoting safety. Emerging markets in Asia-Pacific are also experiencing growth due to rising healthcare investments and the need for improved medical safety standards
For Purchase Related Queries/Inquiry - https://www.alliedmarketresearch.com/purchase-enquiry/A324374
Key Players
- Becton, Dickinson and Company
- Smiths Medical
- Terumo Corporation
- Retractable Technologies, Inc.
- Medtronic plc
- Nipro Corporation
- Globe Medical Tech, Inc.
- Revolutions Medical Corporation
- SOL-Millennium
- DMC Medical Limited
The report provides a detailed analysis of these key players in the global auto-retractable safety syringe market. These players have adopted different strategies such as, product launch, partnership, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Get Customized Reports with your Requirements - https://www.alliedmarketresearch.com/request-for-customization/A324374
Recent Industry Development
- In October 2021, Datwyler, a provider of system-critical elastomer components, supported Roncadelle Operations in developing SafeR – a safety syringe with a needle retraction mechanism designed to eliminate needlestick injuries.
Trending Reports in Healthcare Industry:
Point of Care Diagnostics Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
Contraceptives Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
Electrophysiology Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
Orphan Drugs Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Toll Free: +1-800-792-5285
Int’l: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
