Safety Syringe Market to Expand at 9.7% Cagr Due to Growing Health Safety Awareness and Technological Advancements

Transparency Market Research (TMR) has announced an addition of a new market research report about the global safety syringes market that provides a comprehensive outlook about current and future market trends and related details. The report forecasts that the global safety syringes market developing at a promising CAGR of 9.7% during the forecast period from 2013 to 2019. The report states that the global market value was US$3,419.1 million in 2012 and is expected to reach US$6,496.8 million by 2019.The market report is titled ‘Safety Syringes Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast, 2013–2019.’

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The market report has a comprehensive description about the types of safety syringes available, classifications, market trends, opportunities, drivers and restraints, and future market forecasts. The market study analyzes the growth rate of the worldwide safety syringes market based on revenues and volume, market segments, and the base years being 2011 and 2012. The market research report provides information on how safety syringes have evolved to protect against the severe outcomes of needlestick injuries. A key growth factor for the safety syringes market is the government regulations that compelled manufacturers to develop syringes featuring safety mechanisms based on advanced technology.
Additionally, an increase in the number of injectable drugs in the global market has led to more syringes with safety mechanisms being manufactured. In some countries, such as the U.S., the safety syringe market has been bolstered due to safety measures enforced by government health regulatory bodies to guard against blood borne diseases. Growing awareness of the risks and severe outcomes associated with using unsafe injection procedures are listed among the market acceleration...