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Asia Pacific Safety Syringes Market Research Report – Segmented By Technology, Therapy, End Users and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 308
Pages: 136

APAC Safety Syringes Market Size (2022 to 2027)

The size of the safety syringes market in the Asia Pacific was calculated at USD 976.10 million in 2022. It is further predicted to grow and be worth USD 1638.86 million by 2027, growing at a CAGR of 10.92% between 2022 and 2027.

As chronic diseases such as diabetes and needlestick injuries become increasingly prevalent, the APAC market for safety syringes is expected to grow substantially. The WHO reported 3 million accidental needle-stick injuries in 2003, with 37% infecting health care workers with hepatitis B, 39% with hepatitis C, and 5.5% with HIV. In 2016, approximately 422 million people had diabetes worldwide. Growing awareness about the benefits of safety syringes is driving the APAC market for safety syringes. Health care spending, increasing prevalence of blood-borne diseases, and increasing demand for safety syringes are driving the market.

Health care workers are being advised to use sterile syringes by both government and non-government groups. In addition, the WHO's campaign on injection safety engages a variety of public and private stakeholders from both the public and private sectors, such as Ministries of Health, local stakeholders, international donor programs, and industry players and organizations that represent injection devices manufacturers. The program's primary objective is to employ exclusively safety-engineered injection devices, decrease the chances of re-use injury and sharps (needle) injuries, and develop a training and education program for health professionals and sound waste management.

Occupational Safety and Health Administration (OSHA) regulations for safety syringe usage are equally strict. Front-line employees are involved in a formal and periodic evaluation process for needlestick protective devices. As well as reducing the incidence of infection and costs, safety needles are convenient and practical. Health care providers viewed safety needle technology as a better alternative to conventional devices because of accuracy, operation time, and prompt use design. Consequently, this is contributing to the market growth in APAC.

Several essential factors could restrict growth in this market, including alternative drugs delivery methods and high costs. In addition, a lack of awareness about needlestick injuries is also limiting the market’s growth. Lack of awareness regarding healthcare and safety issues, safety syringes are neglected in emerging economies. This is hampering the APAC safety syringes market.

This research report on the APAC safety syringes market has been segmented and sub-segmented into the following categories:

By Technology: 

  • Retractable Safety Syringes
  • Non-Retractable Safety Syringes

By Therapy: 

  • Insulin
  • GLP-1
  • Tuberculosis
  • Growth Hormones

By End Users: 

  • Hospitals
  • Home Care

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

As far as the Asia Pacific is concerned, Japan is the leading market for retractable needle safety syringes. The nation is expected to maintain its dominance during the forecast period, showing a robust 9.1% CAGR. Due to greater consumer awareness in Japan, novel therapies and medical practices have become more widespread earlier. Furthermore, due to the growing geriatric population, the willingness to pay for advanced treatments, and the rising incidence of diabetes, the Japanese market has flourished in recent years.

Furthermore, there will also be opportunities in the Indian market. It is anticipated that the nation's economy will witness robust growth by 2024, thanks to rising awareness among citizens, increasing demand for advanced safety syringes, and an increasing incidence of chronic ailments. A significant component of the market for retractable needle safety syringes is the increase in Indian healthcare spending. Considering the rising demand for advanced medical technology, along with the increasing population growth rate in ASIAN countries, the market for retractable needle safety syringes looks promising.

KEY MARKET PLAYERS:

Companies playing a promising role in the APAC safety syringes market profiled in this report are Covidien plc, Retractable Technologies Inc., Becton, Dickinson & Company, Terumo Corporation, Unilife Corporation, Revolutions Medical Corporation, Smiths Medical, Sol-Millennium, Ultimed Inc., and Axel Bio Corporation.

1. Introduction                                                 

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods                                          

                1.4 General Study Assumptions                                

2. Research Methodology                                                           

                2.1 Introduction                                               

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                           

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                      

                                2.2.4 Expert Validation                  

                2.3 Analysis Design                                         

                2.4 Study Timeline                                          

3. Overview                                                       

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 New Developments                               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                    

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                                              

5. Market Segmentation                                                              

                5.1 By Technology                                           

                                5.1.1 Retractable safety syringes                              

                                                5.1.1.1 Automatic retractable safety syringes     

                                                5.1.1.2 Manual retractable safety syringes           

                                5.1.2 Non-Retractable safety syringes                   

                                                5.1.2.1 Sheathing tube syringes                

                                                5.1.2.2 Sliding needle cover syringes      

                                                5.1.2.3 Hinged needle cover syringes     

                5.2 By Therapy                                 

                                5.2.1 Insulin                       

                                5.2.2 Glucagon-like peptide-1 (glp-1)                     

                                5.2.3 Tuberculosis                           

                                5.2.4 Growth hormones                               

                5.3 By End User                                

                                5.3.1 Hospitals                  

                                5.3.2 Home Care                              

6. Geographical Analysis                                                              

                6.3 Asia-Pacific                                 

                                6.1 Introduction                               

                                6.2 China                             

                                6.3 India                              

                                6.4 Japan                            

                                6.5 South Korea                               

                                6.6 Australia                      

7. Strategic Analysis                                                       

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services                              

                                7.2.5 Competitive Rivalry within the Industry                     

8. Market Leaders' Analysis                                                        

                8.1 Becton, Dickinson & Company                                           

                                8.1.1 Overview                 

                                8.1.2 Product Analysis                   

                                8.1.3 Strategic Evaluation and Operations                            

                                8.1.4 Financial analysis                  

                                8.1.5 Legal issues                             

                                8.1.6 Recent Developments                       

                                8.1.7 SWOT analysis                       

                                8.1.8 Analyst View                          

                8.2 Covidien plc                                                

                8.3 Revolutions Medical Corporation                                      

                8.4 Retractable Technologies, Inc.                                           

                8.5 Smiths Medical                                         

                8.6 Unilife Corporation                                 

                8.7 Terumo Corporation                                               

                8.8 Sol-Millennum                                          

                8.9 Ultimed, Inc.                                              

                8.10 Axel Bio Corporation                                            

9. Competitive Landscape                                                           

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                       

                9.3 Agreements, collaborations and Joint Ventures                                         

                9.4 New Product Launches                                         

10. Expert Opinions                                                        

                10.1 Market Outlook                                     

                10.2 Investment Opportunities                                 

Appendix                                                           

                a) List of Tables                                

                b) List of Figures                                              

 

  1. Asia-Pacific Safety Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  2. Asia-Pacific Safety Syringes Market, By Technology, From 2022 - 2027 (USD Billion)
  3. Asia-Pacific Retractable Safety Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  4. Asia-Pacific Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  5. Asia-Pacific Automatic retractable safety syringes Market, By Region, From 2022 - 2027 (USD Billion)
  6. Asia-Pacific Manual retractable safety syringes Market, By Region, From 2022 - 2027 (USD Billion)
  7. Asia-Pacific Non-Retractable Safety Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  8. Asia-Pacific Non-Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  9. Asia-Pacific Sliding Needle Cover Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  10. Asia-Pacific Hinged Needle Cover Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  11. Asia-Pacific Sheathing Tube Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  12. Asia-Pacific Safety Syringes Market, By Therapy, From 2022 - 2027 (USD Billion)
  13. Asia-Pacific Insulin Safety Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  14. Asia-Pacific GLP-1 Safety Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  15. Asia-Pacific Tuberculosis Safety Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  16. Asia-Pacific Growth Hormones Safety Syringes Market, By Region, From 2022 - 2027 (USD Billion)
  17. Asia-Pacific Safety Syringes Market, By End User, From 2022 - 2027 (USD Billion)
  18. Asia-Pacific Safety Syringes for Hospitals Market, By Region, From 2022 - 2027 (USD Billion)
  19. Asia-Pacific Safety Syringes for Home Care Market, By Region, From 2022 - 2027 (USD Billion)
  20. China Safety Syringes Market, By Technology, From 2022 - 2027 (USD Billion)
  21. China Safety Syringes Market, By Therapy, From 2022 - 2027 (USD Billion)
  22. China Safety Syringes Market, By End User, From 2022 - 2027 (USD Billion)
  23. China Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  24. China Non-Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  25. India Safety Syringes Market, By Technology, From 2022 - 2027 (USD Billion)
  26. India Safety Syringes Market, By Therapy, From 2022 - 2027 (USD Billion)
  27. India Safety Syringes Market, By End User, From 2022 - 2027 (USD Billion)
  28. India Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  29. India Non-Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  30. Japan Safety Syringes Market, By Technology, From 2022 - 2027 (USD Billion)
  31. Japan Safety Syringes Market, By Therapy, From 2022 - 2027 (USD Billion)
  32. Japan Safety Syringes Market, By End User, From 2022 - 2027 (USD Billion)
  33. Japan Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  34. Japan Non-Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  35. Australia Safety Syringes Market, By Technology, From 2022 - 2027 (USD Billion)
  36. Australia Safety Syringes Market, By Therapy, From 2022 - 2027 (USD Billion)
  37. Australia Safety Syringes Market, By End User, From 2022 - 2027 (USD Billion)
  38. Australia Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  39. Australia Non-Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  40. South Korea Safety Syringes Market, By Technology, From 2022 - 2027 (USD Billion)
  41. South Korea Safety Syringes Market, By Therapy, From 2022 - 2027 (USD Billion)
  42. South Korea Safety Syringes Market, By End User, From 2022 - 2027 (USD Billion)
  43. South Korea Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)
  44. South Korea Non-Retractable Safety Syringes Market, By Type, From 2022 - 2027 (USD Billion)

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