PREFILLED SAFETY DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Prefilled Safety Devices Market Dynamics

According to the World Health Organization (WHO) 2016, worldwide, around 16 billion injections are given annually, out of which around 90% of the injections are given in curative conditions. The unsafe usage of syringes is observed worldwide, especially in emerging economies, which leads to infection amongst healthcare professionals and patients. Unsafe syringe usage can cause hemorrhagic fevers such as Marburg and Ebola viruses, malaria, and others. Increasing awareness about use of prefilled safety devices is expected to boost the global prefilled safety devices market growth over the forecast period.

According to the statistics published by WHO, 2012, unsafe syringe usage leads to around 1.3 million early deaths annually, direct medical costs of US$ 535 million, and cumulative loss of 26 million years of life. Furthermore, needle stick injuries are uncommon but still pose a potential problem which can prove to be serious and are also responsible for passing above mentioned diseases. According to the Centers for Disease Control and Prevention, around 385,000 needle stick injuries occur annually among healthcare workers in the U.S. Furthermore, according to the World Health Organization estimates, unsafe injections are expected to lead to 9 million years of life lost by 2030, which indicates the need to employ safe injection practices. These factors are expected to drive the global prefilled safety devices market growth over the forecast period.

However, lack of awareness about avoiding reuse of syringes is expected to hamper the global prefilled safety devices market growth over the forecast period. Moreover, healthcare practitioners in emerging economies such as India, Brazil, and China are habituated to reusing of syringes, in order to save cost. This, however is a changing scenario with increasing awareness and regulatory pressure.