The safety needles market accounted for $1,609 million in 2018, and is expected to reach $3,009 million by 2026, registering a CAGR of 8.1% from 2019 to 2026.
Safety needle is a hollow, cylindrical needle bearing a puncturing point at the tip, which is attached to a syringe. It is used across medical settings in different applications such as drug delivery, vaccination, and blood specimen collection for examination and research purposes. These needles are referred to as safety needles due to the extra function they perform. For instance, these safety devices are equipped with sheaths used to cover the needle to prevent needlestick injuries, which can cause lethal infections. Moreover, these needles use different systems to provide safety against needlestick injuries such as active safety needles require manual activation, whereas passive safety needles do not require any activation and are automatic.
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Top Market Players: B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, Johnson & Johnson (Ethicon Inc.), Nipro Corporation, Novo Nordisk A/S, Retractable Technologies, Inc., Smiths Group Plc., Terumo Corporatio, Vygon SA, , DeRoyal Industries, Hindustan Syringes & Medical Devices Limited, Hi-Tech Syringes
The factors that boost the growth of safety needles market include surge in prevalence of needlestick injuries and increase in cases of chronic diseases & infections. Moreover, other factors that contribute toward the growth of the market include favorable government initiatives related to the use of safety needles. However, factors such as high price of these needles and availability of alternative modes of drug delivery restrain the growth of the market. On the contrary, high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.
The global safety needle market is segmented based on product, end user, and region. On the basis of product, the market is bifurcated into active safety needles and passive safety needles. By end user, it is categorized into hospitals & ambulatory surgery centers, diabetic patients, family practice, psychiatry, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, Czech Republic, Republic of Moldova, Poland, Hungary, Romania, Russia, Slovakia, Ukraine, Greece, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and, rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Qatar, Lebanon, Jordan, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
- This report entails a detailed quantitative analysis along with the current global safety needles market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
- The market size and estimations are based on a comprehensive analysis of key developments in the industry.
- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
Additionally, the research report delivers a comprehensive analysis of the key segments of the Safety Needles industry with the help of charts, graphs, and tables. An overview of each market segment such as type, application, and region are also provided in the report. It offers sound forecasts on market value and volume for each type and application for the forecast period. In the same period, the report also provides a detailed analysis of market value and consumption for each region.
Investors, stakeholders, product managers, marketing officials, and other professionals in search of detailed data on supply, and demand would find the report favorable. This report is a valuable source of guidance and direction for companies and individuals interested in the industry. Additionally, we can deliver customized report to fulfill special requirements of our clients, on demand.
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Table of Contents
Chapter 1 provides an overview of Safety Needles market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Safety Needles market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in Safety Needles industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of Safety Needles market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of Safety Needles, by analyzing the consumption and its growth rate of each application.
Chapter 6 is about production, consumption, export, and import of Safety Needles in each region.
Chapter 7 pays attention to the production, revenue, price and gross margin of Safety Needles in markets of different regions. The analysis on production, revenue, price and gross margin of the global market is covered in this part.
Chapter 8 concentrates on manufacturing analysis, including key raw material analysis, cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.
Chapter 9 introduces the industrial chain of Safety Needles. Industrial chain analysis, raw material sources and downstream buyers are analyzed in this chapter.
Chapter 10 provides clear insights into market dynamics.
Chapter 11 prospects the whole Safety Needles market, including the global production and revenue forecast, regional forecast. It also foresees the Safety Needles market by type and application.
Chapter 12 concludes the research findings and refines all the highlights of the study.
Chapter 13 introduces the research methodology and sources of research data for your understanding.
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