Middle-East and Africa Safety Syringes Market by Technology (Retractable and Non-Retractable safety syringes), by Therapy (Insulin, GLP-1, Tuberculosis and Growth Hormones), by End Users (Hospitals and Home Care) and by Region
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PR-Inside.com: 2017-09-29 11:33:33
According to the report Middle East and Africa Safety Syringes Market, published by Market Data Forecast the Market is estimated at USD 369 million in 2016 and is predicted to reach USD 645 million by 2021, growing at a CAGR of 11.78%. Injection practices worldwide and especially in low- and middle-income countries (LMICs) include multiple, avoidable unsafe practices that ultimately lead to large scale transmission of blood-borne viruses among patients, health-care providers and the community at large. Over the past decade, there has been a considerable growth in usage of safety syringes over the conventional syringes. Safety syringes consist of an integrated safety that help to guard healthcare workers from inadvertent needle stick injuries.
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With the rise in incidence of needlestick injuries, new initiatives and legislations by governments to incorporate the practice of safety syringes, favourable reimbursement policies, and upgraded safety mechanisms for syringes are boosting the growth of Middle-East and Africa safety syringes market. At present, quite a few countries have enforced regulations to ensure the compulsory use of safety syringes with an intention of preventing needle stick injuries and confine needle re-use. These regulations are expected to increase the common usage of safety syringes as compared to conventional syringes. However, availability of alternate drug delivery methods, high price of safety syringes and their ignorance in developing countries due to lack of proper awareness about healthcare and safety issues are few factors off-putting the growth of Middle-East and Africa safety syringes market.
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The Middle-East and Africa safety syringes market can be categorized on the basis of technology into Retractable and Non-Retractable safety syringes. The retractable syringes market is sub-segmented into Automatic or Manual syringes. And the non-retractable safety syringes are sub-segmented into sliding needle cover syringes, sheathing tube syringes, and hinged needle cover syringes. Non-retractable safety syringes hold the major share of sales in the Middle-East and Africa regions while the retractable safety syringes segment is anticipated to rise at a higher CAGR within the forecast period. Furthermore, on the basis of therapy, the safety syringes market can be categorized under Insulin, Tuberculosis, Glucagon-like peptide-1 (GLP-1) and Growth Hormones. Moreover, taking into account end users, the Middle-East and Africa safety syringe market is branded under hospitals and home care segments.
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On the basis of geography, the Middle-East and Africa safety syringe market is segmented and analysed under various countries namely, UAE, Saudi Arabia, South Africa and Qatar. Middle-East and Africa regions are showing high potential for growth mainly owing to the populace strength. African countries have the high incidence of diseases duo to unsafe injection practices. With proper organization of awareness programs about safety syringes in these regions can create an ample opportunity for the companies to capitalize on, provided they come in affordable prices.
Some of the major companies operating in the Middle-East and Africa safety syringes market are Retractable Technologies, Inc, Covidien plc, Terumo Corporation, Unilife Corporation, Revolutions Medical Corporation, Becton, Dickinson & Company, Smiths Medical, Axel Bio Corporation, Sol-Millennum and Ultimed, Inc.
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