Safety Needles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Safety Needles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : August, 2020 | Medical Devices | PPT format

Report Digest


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 a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.