Safety Needle Market by Application (Hospitals & Clinics, Ambulatory Surgery Centers (ASCs), Home Care) and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity 2019-2024

Synopsis

The global Safety Needle Market estimated to grow at a CAGR of 6.8% for the duration of 2019-2024. The only determination behind designing the safety needles was to evade needle stick injuries at the time of gathering liquids and supplying medications to the body. The important companies of global market for safety needles are increasing their range of product by way of concentrating on the manufacture of inventive needles having features of safety.

It is approximated that the millions of employees those are working in the industry of health care and associated professions are at danger of work-related contact to blood borne pathogens, comprising hepatitis C virus (HCV), hepatitis B virus (HBV), human immunodeficiency virus (HIV) and others. Safety needle are exceptionally designed disposable type to confirm the protection of particularly the medicinal labor force. 

The overview and implementation of strict lawgiving and guiding principle will motivate the development forecasts for the market for the duration of the projected period. The demand for safety hypodermic needles will upsurge by way of the increasing admiration of safety syringes and needles and additional safety caused therapeutic devices. This is reinforced by Needle stick Safety and Prevention Act. Which look for additional decrease of the exposure of health care employees' to blood borne pathogens by way of putting extra necessities on businesses, for example hospitals and Ambulatory Surgery Centers (ASCs,) regarding their processes. It decreases the needless charges and similarly lessens needle stick injuries (NSIs).

Drivers 

Increasing necessity for precise management of dosage and related profits of safety needles for example avoiding deviations of pH and enzymatic actions motivate the development of the global market for safety needles. Growing emphasis of government for instructing the usage of these needles through therapeutic structures is likely to generate rewarding occasions for the companies during the approaching years. 

The rising emphasis on application of prefilled syringes for treatment of a number of illnesses is driving the demand for safety needles through the world. Issues for example altering behaviors due to the way of life, disclosure to hormones and contamination by HCV are likely to outcome in gynecological cancers. Growing occurrence percentage of gynecological cancers, together with greater existence of lower-back difficulties within provinces for example the USA, are motivating the demand for spine needles and additional categories of safety needles.

Restraints 

On the other hand, growth in inclination for needle-free inoculation and gush in demand for microneedles impede the development of the market.

Classification

The global Safety Needle Industry can be classified by Application, Product, Route of Administration and Region. By Application, it can be classified as Home Care, Hospitals & Clinics, Ambulatory Surgery Centers (ASCs). By Product, it can be classified as Passive safety needles, Active safety needles. By Route of Administration, it can be classified as Subcutaneous, Intramuscular, and Intravenous.

Regional Lookout 

By Region the global market of Safety Needle can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to the augmented demand for these needles and implementation of lawgiving for healthcare capability by the U.S. government to accept these needles in healthcare amenities, North America detained the principal share of the market during the past year.

On the other hand, due to the increasing aged populace and growing frequency of long-lasting sicknesses together with increasing alertness between doctors to accept safety needles in healthcare procedures, the Asia-Pacific region is estimated to develop by a moderate CAGR for the duration of the forecast.

Companies

The global Safety Needle Market consist of several provincial, global and native companies and it is extremely disjointed. These companies offer an extensive variety of these needles to the end-users. These companies are more and more competing counter to each other on the basis of the issues for example delivery networks, advancement of technology, safety structures, pricing, marketing plans, suitability of usage and less injuries due to the needles. The improvement and presentation of new-fangled products and technical progressions will make stronger the competitive atmosphere of the market. The companies have chosen for a number of marketing policies for example mergers & acquisitions, launching of new product, partnerships and collaborations, to preserve its position within the business.

Some of the important companies for Safety Needle Market are: Vygon SA., Sol-Millennium Medical Products Company, Ltd., Retractable Technologies, Inc., Novo Nordisk A/S, Merit Medical Systems, Inc., Cardinal Health, Inc., B. Braun Melsungen AG, Terumo Corporation, Smiths Group Plc., Owen Mumford Ltd., Nipro Corporation, Johnson & Johnson (Ethicon Inc.), Becton, Dickinson & Company and Medtronic. 

The CDC estimates that 5.6 million workers in the health care industry and related occupations are at risk of occupational exposure to bloodborne pathogens, including human immunodeficiency virus (HIV), hepatitis B virus (HBV), hepatitis C virus (HCV), and others. Safety needle are special designed disposable needles to ensure the safety of medical workers in particular. The analysts forecast the global safety needle market to exhibit a CAGR of 6.8% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global safety needle for 2019-2024. To calculate the market size, the report considers the safety needle sales volume and revenue.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, and application.

Geographically, the global safety needle market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

Based on application, the safety needle market is segmented into:
- Hospitals & Clinics
- Ambulatory Surgery Centers (ASCs)
- Home Care

The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global safety needle market are:
- B. Braun Melsungen AG
- Becton, Dickinson and Company
- Cardinal Health, Inc.
- Johnson & Johnson (Ethicon Inc.)
- Merit Medical Systems, Inc.
- Nipro Corporation
- Novo Nordisk A/S
- Owen Mumford Ltd.
- Retractable Technologies, Inc.
- Smiths Group Plc.
- Sol-Millennium Medical Products Company, Ltd.
- Terumo Corporation
- Vygon SA.
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Objective of the study:
- To analyze and forecast the market size of global safety needle market.
- To classify and forecast global safety needle market based on region, and application.
- To identify drivers and challenges for global safety needle market.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global safety needle market.
- To conduct pricing analysis for global safety needle market.
- To identify and analyze the profile of leading players operating in global safety needle market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
- Manufacturers of safety needle
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to safety needle

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with safety needle suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.