The market reference and our advantage in relation.
- The U.S.A. is a seven billion syringe market (piece/year); in Europe there are about five billion syringes sold each year. Therefore the immediate entry into the market of a producer and/or distributor who can offer valid products manufactured at a low industrial cost, as can be achieved by producing our safety syringe, will permit a sharing of important market share percentages that will adapt to new consolidations over the next few years.
- At present the manufacturing industries of safety syringes with retractable self-locking needles throughout the world are very few and are mainly working on the U.S. market with more complicated automatic safety syringes when compared to our product because they are produced with more components than ours.
- Presently there is also a market for safety syringes without an automatic needle protection system but will soon disappear when sophisticated automatic products such as our syringe become available. Presently the world production of automatic safety syringes cannot meet demand,.
- Some of the existing safety syringe products use needle protection systems that are so elementary that they cannot completely guarantee the security of the sanitary operator for the following reasons: they have manual protection systems; they are not automatic; often the product is utilized in an incorrect manner.
- All safety syringes fall under the AD (auto-disable) syringe category which include all types of disposable safety syringes but this classification does not divide the automatic safety syringes with retractable needles from the manual safety syringe products.
- There is presently great interest being expressed in the safety syringe field due to the numerous incidents of needlestick accidents taking place in U.S. hospitals. These accidents increase the final cost of standard syringes (purchasing cost + National Health Insurance).
- The United States of America promulgated a Public Law No. 105 - 430 in November 2000 , (already approved by the U.S. House of Representatives on October 3rd, 2000 and already approved by the Senate on October 26th, 2000). The "Needlestick Safety and Prevention Act" (H.R.5178) passed by U.S. Congress and signed by President Clinton on November 6th, 2000. The publication date of this law was on April 18th, 2001