Safety Needles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Global Safety Needles Market: Snapshot
Safety needles can be characterized as an empty bore needle which is considered to decrease or lessen the likelihood of a skin cut harm to the specialist. Medication organization by safety needles not simply annuls the principle pass absorption of the medications through oral movement yet also saves the medication from pH changes, the enzymatic activity inside the patient's body making corruption to the pharmaceuticals, variable section time and side effects on account of medication metabolites. The sole motivation behind planning safety needles was to evade needlestick wounds while gathering liquids and conveying medications to the body.
Needlestick wounds supported from debased needles can achieve pollutions from various dangerous blood-borne infections. The diverse government looked after norms, for instance, usage of OSHA's bloodborne pathogens models, Needles Exchange Program and Needlestick Safety and Prevention Act, execution are developing mindfulness among people in connection to illnesses inferable from using tainted needles, besides, this perspective is presumably going to drive the prerequisite for better quality safety needles. This rising awareness about NSIs among human services specialists (HCWs) will impel the development of the safety needles advertise in the district amid the anticipated period.
The key factor that fuels the growth of the global safety needles market is ascend in requirement for precise dose organization. Additionally, points of interest offered by the safety needles, for example, counteractive action of (changes in the pH and enzymatic movement) in drugs amid organization impel the market development.
Global Safety Needles Market: Overview
Demand for products capable of arresting the rising numbers and gravity of needlestick injuries has been the key factor to have helped the global safety needles market expand at a healthy pace in the recent years. Rising participation of manufacturers, healthcare organizations, and government and non-government bodies in activities and programs aimed at raising awareness regarding the safety hazards induced by reusable needles for patients as well as healthcare providers are expected to be the key factors driving the market in the near future.
The market is also expected to be driven due to the rising use of prefilled syringes for a number of applications. As the number of pharmaceutical companies adopting prefilled syringes rises at a steady pace, the market for prefilled syringes, and consecutively that of safety needles is expected to rise in the near future. The market is also expected to benefit massively from the rising prevalence of a number of chronic diseases and infections and the resultant rise in demand for disease diagnosis and treatment activities.
Global Safety Needles Market: Segmentation
On the basis of distribution channels, the report segments the global safety needles market into private clinics, e-commerce sites, hospital pharmacies, and retail pharmacies and drug stores. Of these, the segment of hospital pharmacies is expected to account for the consumption of a lion’s share of the total number of safety needles sold across the globe over the report’s forecast period. The segment of private clinics is expected to expand at a healthy rate.
The key applications of safety needles covered in the report include drug delivery and sample collection. Of these, the segment of drug delivery presently accounts for the dominant share in the global market and is expected to retain its dominant stance over the forecast period, expanding at a healthy pace.
The report segments the global safety needle market on the basis of product type into fine aspirating needles, biopsy needles, pen needles, hypodermic needles, suture needles, blood collection needles, prefilled needles, IV catheter needles, epidural needles and spinal anesthesia needles, cannula needles, A.V. Fistula needles, blood collection needles, and Huber needles. Of these, the segment of hypodermic needles is presently the leading contributor of revenue to the global market. However, the segment of biopsy needles is expected to expand at the fastest pace over the forecast period.
Global Safety Needles Market: Regional and Competitive Dynamics
From a regional point of view, the report covers the market for safety needles for regions such as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Presently, the markets in Europe and North America are among the most developed regional markets and are expected to remain the key contributors of revenue as well as new product varieties owing to the presence of some of the leading medical device companies in the regions. The market in Asia Pacific is expected to expand at a highly promising pace owing to rising awareness, stabilizing economies, rapid development of the healthcare industry, and rising prevalence of a number of chronic conditions.
The market for safety needles has witnessed the entry of a large number of players in the past few years owing to the vast rise in demand globally. Some of the leading companies in the market are Smiths Medical, Medtronic, Terumo, Retractable Technologies, BD, Hamilton Syringes & Needles, B. Braun, International Medsurg Connection, C.R. Bard, MedPro Safety Products (MPSP), DeRoyal, Novo Nordisk, Ethicon Endo-Surgery, Simply Surgical, Nipro Medical, Hi-Tech Medicare Devices, International, Jiangxi Sanxin Medtec, VIGMED, Vita Needle Company, and Vygon.
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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