MarketResearch.biz has recently published a market research report titled, “Global Sharps Safety Market by Product Type, by Technology, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a detailed analysis of the global sharps safety market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020 – 2024), which is projected to be valued at more than US$ 130 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Healthcare regulations refer sharp instruments as medical objects or instruments essential to perform specific healthcare activities. Sharps are medical devices such as needles, scalpels and other medical instruments that are essential for carrying out certain healthcare procedure by cutting or pricking the skin. Doctors and nurses are at significant risk of injury and or susceptible to infection if the sharp is contaminated with infectious blood. Safety protocols by end-users should be followed at all the time including work practice and engineering controls. Sharps injuries are primarily associated with occupational transmission of Hepatitis B Virus (HBV), Hepatitis C Virus (HCV), and Human Immunodeficiency Virus (HIV), but they have been implicated in the transmission of more than 20 other pathogens (infectious agent).
Browse the full “Global Sharps Safety Market By Product Type, By Technology, And By Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/sharps-safety-market/
Global Sharps Safety Market: Dynamics
Rising incidences of sharps injuries is a leading factor driving growth of the global sharps safety market. A study report published by World Health Organization (WHO), it is estimated that up to 315,000 people were infected with hepatitis C virus along and 1.7 million with hepatitis B virus, also, 33 800 with HIV through an unsafe injection. Stringent government policies that focus on application of safety instruments as well as new and innovative guidelines published for health and safety are assisting on use of sharp safety instruments are projected to drive growth of the global sharps safety market. Owing to guidelines from WHO and other global healthcare organizations, there is an increased focus on engineering innovative tools to reduce the risk of occupational injuries, and apparent risk of infection from sharp instrument injuries are some of the significant factors driving growth of the target market. Development and advancement in several safety alternatives to medical sharps instruments such as retractable needles, hypodermic needles, IV cannulas, blood collection systems, sutures, scalpels, and sharps disposal systems are supporting growth of the global sharps safety market. Rising awareness and growing concerns regarding occupational exposure to blood-borne pathogens is projected to support the market growth over the forecast period. Technological advancements for innovative surgical instruments by manufacturers to improve the performance of surgeries is the latest trends in the market which is projected to aid growth of the global sharps safety market.
Global Sharps Safety Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global sharps safety market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global sharps safety market is expected to register a CAGR of 6.1% over the forecast period.
Global Sharps Safety Market: Segmental Snapshot
The market report has been segmented on the basis of product type, technology, and region. The product type segment includes injection equipment, blood collection equipment, IV insertion equipment, safety lancets, safety scalpels, and others (safety suture products) segments. The technology segment includes retractable safety and passive safety. Regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Product Type: The injection equipment segment is projected to account for highest revenue share in the global sharps safety market, and is projected to register highest CAGR of over 5.9% over the 10-year forecast period.
Technology: The retractable safety segment is projected to account for highest share in terms of revenue in the global market, and is projected to register highest CAGR of over 6.0% during the forecast period.
Region: The market in North America is projected to account for highest revenue share in the global sharps safety market. The market in the Asia Pacific (APAC) is projected to register highest CAGR of over 6.5% during the 10-year forecast period.
Global Sharps Safety Market: Competitive Analysis
The global sharps safety market research report includes company profiles of major players/ companies such as Cardinal Health Inc., Ansell Ltd., B. Braun Melsungen Aktiengesellschaft, Becton, Dickinson & Co., Terumo Corp., DeRoyal Industries, Inc., Covidien Ltd. (Medtronic plc), HTL Strefa S. A., Smith’s Medical, Inc. (Smiths Group plc) and UltiMed, Inc.
“Global Sharps Safety Market Report 2019: Industry Trends, Market Analysis, Market Size, Revenue Share, Market Opportunities, Key Players, Factors Driving, Segments, and Forecast 2020 – 2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global sharps safety market for 2019–2029.
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