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SUMMARY
Concern over Workers Safety a Major Market Driver in HealthcareInstitutions With over a million needlestick injuries - which occur while recappingneedles or transferring body fluids between containers - being reported inEurope each year, the safety of clinical staff has become a major concern. Sincemore than 20 pathogens - including human immunodeficiency virus (HIV) andhepatitis - are transmitted through contaminated needles, there should be anintensified demand for safety syringes. The concern of hospitals with respect toemployee wellbeing as well as potential litigation costs are further propellingthe market. The Needlestick Safety and Prevention Act in the United Statesmandating the use of safety devices in healthcare settings has provided animpetus to the demands for safer working conditions in Europe. Frost & Sullivans recent strategic analysis on the safety syringesmarket in Europe offers a comprehensive overview of market drivers, restraintsand industry trends. The research provides in-depth information to enableparticipants to effectively identify and capitalise on the opportunities forgrowth. Safety Devices Industry Suffers a Setback due to Lack of LegislativeSupport Despite technological innovations, the market for safety syringes in Europeis challenged by the lack of legislation pertaining to regulations for employeesafety. Laws aimed at improving the standards of safety in healthcareinstitutions are anticipated to act as an effective market driver. Certaincountries such as Germany have issued directives that leave the decisionregarding use of safety syringes to the discretion of the purchasing agency. "To overcome the challenge of lack of government support, participantshave to work toward educating end users on safety issues and the risks thathealthcare workers are exposed to daily," says the analyst of thisresearch. "Participants, assisted by advocacy groups, should ensureadequate lobbying for government legislation that mandates the use of safetyproducts." High Cost of Safety Syringes Affects Sales In spite of the significant and proven advantages of safety syringes over theordinary ones, they have not made much progress in the end-user markets. A majorhindrance to growth is the high price of these devices. Cost of new technologyin an emerging market, combined with smaller target markets, keep priceshovering towards the higher end of the price range and inhibit market expansion. Frost & Sullivan Growth Partnership Service Based on extensive and in-depth research, real-world consulting work, and newtheories tested in hundreds of companies across many industries, Frost &Sullivan has evolved its Growth Partnership Services (GPS) programme thatprovides established and emerging firms with powerful growth visions. Movingbeyond token mission statements, GPS provides an actionable vision to growthconsulting partners by illustrating how key intelligence and strategic researchbased on defined goals can guide day-to-day behaviour and overall companydirection. The foundation of Frost & Sullivans GPS includes: - Assisting companies to reach their full potential in the core business
- Providing growth strategies to help companies expand into relatedbusinesses
- Preemptively redefining the core business during market turbulence
- Applying the Frost & Sullivan framework to identify and address commonmistakes resulting from misaligned corporate strategies
- Recommending growth management strategies through continuous partnership
To maximise the potential for growth within a firms internal and externalenvironment, Frost & Sullivan consultants can facilitate the creation ofstrategic programmes that deliver improved market success. Frost &Sullivans strengths lie in combining strategic understanding with marketexpertise and applying these with absolute commitment to its clients growth. TABLE OF CONTENTS
1 STRATEGIC ANALYSIS OF THE EUROPEAN SAFETY SYRINGES MARKETS - Introduction
- Research Scope and Methodology
- Research Scope and Methodology
- Introduction and Background
- Market Dynamics
- Industry Challenges
- Market Drivers
- Market Restraints
- Market Forecasts
- Market Engineering Measurements
- Total Market for Single Use Syringes: Geographic Distribution
- Market Size
- Revenues by Geographic Region
- Percentage Revenue by Geographical Region
- Revenue Forecasts
- Market Penetration by Geographical Penetration
- Geographical Trends for Market Growth
- Penetration Potential
- Price Scale
- Market Share Analysis
- Competitive Analysis
- Quote
- Strategic Analysis and Recommendations
- Major Challenges and Strategies
- Customer Focus
- Marketing Process Strategy
- Product Life Cycle Analysis
- Strategic Planning Support
- The Safety Advantage
- Dynamics of Usage
- Needle Stick Injuries
- Syringe Reuse in Europe and Government Intervention
- Cost to Governments due to Drug Related Infections
- Frost & Sullivan Awards
- Introduction to Frost & Sullivan Awards
- Market Leadership Award
- Product Innovation Award
- Best Bang for the Buck Award
- Key Industry Participants
- Key Industry Participants
- Decision Support Databases
- Number of Occupational Injuries
- Number of Hospital Beds
- Government Healthcare Expenditure
- Private Healthcare Expenditure
- Healthcare Expenditure as Percentage of GDP
- About Frost & Sullivan
- Our Team
- Consulting Capabilities
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