Design Improvements Positioning Retractable Safety Syringes for Growth
New Survey by Greystone Associates Analyzes the Impact of Evolving Market Factors
[ClickPress, Mon Jan 01 2007] Concern over sharps cross-contamination and caregiver safety continues to drive technology and commercial innovation in the safety syringe sector. Following the lead of the Needlestick Safety and Prevention Act in the U.S., government regulations regarding syringe needle handling and disposal continue to proliferate worldwide, fostering increased demand in the use of safety syringes.
While safety syringe products encompass a broad range of design approaches including manual and auto disabling devices, retractable syringes represent the most elegant approach to addressing the caregiver sharps risk issue by de-emphasizing the need for a sharps disposal step. New retractable designs address caregiver preferences and mitigate the cost premium associated with retractable models.
While more that fifty companies compete in the safety syringe sector, about two-dozen companies manufacture and/or market safety syringes that influence the competitive landscape. Alliance agreements, such as the recently announced marketing and distribution agreement between Inviro Medical and Formosa Medical, will continue to be a factor in shaping this sector. We expect technology licensing to continue to play an important role in the market for safety syringes in general and retractable syringes in particular.
These findings are contained in a new and comprehensive report: Retractable Safety Syringes: Players, Products, and Prospects. The survey forecast gains in clinical market share for retractable safety syringes with caregiver-friendly design features and improved economics and examines key business and economic factors driving this trend
More information is available at www.greystoneassociates.org .
About Greystone
Greystone Associates is a medical and healthcare technology consulting firm providing services in strategic planning, venture development, product commercialization, and technology and market assessment.
Contact:
Mark Smith
Voice: 603-595-4340
Fax: 603-804-0466
www.greystoneassociates.org
Source: Greystone Associates
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