Global Safety Needles Market By Product Type (Fine Aspirating, Biopsy, Hypodermic, Pen, Suture, IV Catheter, Huber, Blood Collection, Spinal Anesthesia & Epidural, Prefilled Syringe, A.V. Fistula, Cannula), By Application (Blood Collection, Drug Delivery, Vaccination), By End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Home Healthcare), & By Geographic Scope And Forecast
Report ID: 142046|No. of Pages: 202
Global Safety Needles Market By Product Type (Fine Aspirating, Biopsy, Hypodermic, Pen, Suture, IV Catheter, Huber, Blood Collection, Spinal Anesthesia & Epidural, Prefilled Syringe, A.V. Fistula, Cannula), By Application (Blood Collection, Drug Delivery, Vaccination), By End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Home Healthcare), & By Geographic Scope And Forecast
Safety Needles Market Size And Forecast
Safety Needles Market size was estimated at USD 1.93 Billion in 2024 and is projected to reach USD 3.39 Billion by 2031, growing at a CAGR of 7.30% from 2024 to 2031.
- Safety needles are specifically designed medical devices featuring mechanisms to prevent needlestick injuries after use.
- These injuries can occur when healthcare workers accidentally prick themselves with used needles.
- Safety needles are employed in a variety of healthcare settings for tasks such as collecting blood samples, administering medications, and performing biopsies.
- Their key advantage lies in the built-in safety feature that minimizes the risk of accidental needle sticks, protecting both healthcare workers and patients.
- This translates to significant benefits, including a reduced likelihood of bloodborne disease transmission and improved overall safety in healthcare environments.
Global Safety Needles Market Dynamics
The key market dynamics that are shaping the safety needles market include:
Key Market Drivers
- Escalating Prevalence of Chronic Diseases: The growing burden of chronic illnesses like diabetes and cancer worldwide is increasing the need for injections and blood draws. This translates to a corresponding rise in demand for safety needles to ensure the safe administration of medications and sample collection.
- Heightened Awareness of Needlestick Injuries: Sharp injuries pose a serious threat to healthcare workers, potentially transmitting bloodborne diseases like Hepatitis B and C. Growing awareness of these risks has led to a global push for adopting safety needles. Regulatory bodies are also implementing stricter guidelines promoting the use of safe needles in healthcare settings.
- Technological Advancements and Product Innovation: Manufacturers are continuously innovating and developing new safety needle designs with improved functionality and user-friendliness. This ongoing focus on technological advancements caters to the evolving needs of healthcare professionals and patients, further propelling market growth.
- Expanding Healthcare Infrastructure in Emerging Economies: Developing countries in the Asia Pacific and other regions are experiencing a significant expansion of healthcare infrastructure. This includes the building of new hospitals and clinics, which in turn, creates a greater demand for medical supplies like safety needles. This trend is expected to continue, fueling market growth in these regions.
Key Challenges
- Cost-Effectiveness Concerns: While safety needles offer undeniable advantages in preventing needlestick injuries, their production and implementation can be more expensive compared to conventional needles. Hospitals and healthcare facilities may be hesitant to adopt them due to budgetary constraints, impacting overall market growth.
- Product Design and Functionality: Balancing safety features with user-friendliness and functionality remains a challenge. Some safety needle designs might be perceived as complex or cumbersome to use by healthcare professionals, potentially leading to lower adoption rates.
- Regulatory Landscape and Stringent Requirements: Safety needles are subject to strict regulatory approval processes to ensure their efficacy and safety. These processes can be lengthy and complex, potentially delaying the introduction of new and innovative safety needle technologies into the market.
Key Trends
- Surge in Demand for Chronic Disease Management: The growing prevalence of chronic diseases like diabetes, cancer, and cardiovascular ailments is increasing the need for regular injections and blood draws. This translates to a corresponding rise in demand for safety needles to ensure the safe administration of medications and sample collection.
- Shifting Focus Towards Home-Based Care: The trend towards home-based care for chronic disease management is driving the demand for user-friendly safety needles. This fosters the development of safety needles that are easy to handle for patients or caregivers at home, promoting self-administration of medications.
- Increasing Stringency of Regulations: Regulatory bodies are enforcing stricter guidelines regarding needlestick injuries and promoting the adoption of safe needles in healthcare settings. This regulatory push is expected to further propel the safety needles market forward.
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Global Safety Needles Market Regional Analysis
Here is a more detailed regional analysis of the safety needles market:
North America
- Strict regulations are enforced in North America for sharps safety, promoting the adoption of safety needles over traditional needles to minimize needlestick injuries.
- High awareness of the risks of needlestick injuries and the benefits of safety needles is observed among healthcare professionals in North America, leading to wider acceptance and use.
- A well-developed healthcare infrastructure with strong purchasing power is boasted by North America, allowing for consistent investment in advanced safety technologies like safety needles. All this enables the region to hold a prominent share in the market.
Asia Pacific
- An increased demand for medical procedures and injections is driven by the rapidly aging population in Asia Pacific, fueling the safety needles market.
- Adoption in the region is being driven by increased awareness of needlestick injuries and government regulations promoting safety needles.
- Investments in hospitals and clinics across Asia Pacific are creating a larger market for safety needles.
Global Safety Needles Market: Segmentation Analysis
The Global Safety Needles Market is Segmented Based on Product Type, Application, End-Users, and Geography.
Safety Needles Market, By Product Type
- Fine Aspirating
- Biopsy
- Hypodermic
- Pen
- Suture
- IV Catheter
- Huber
- Blood Collection
- Spinal Anesthesia & Epidural
- Prefilled Syringe
- V. Fistula
- Cannula
Based on Product Type, the market is segmented into Fine Aspirating, Biopsy, Hypodermic, Pen, Suture, IV Catheter, Huber, Blood Collection, Spinal Anesthesia & Epidural, Prefilled Syringe, A.V. Fistula, and Cannula. Pen needles are estimated to hold the highest market share. This dominance is likely driven by the rising global diabetic population who rely on pen needles for self-administered insulin injections.
Safety Needles Market, By Application
- Blood Collection
- Drug Delivery
- Vaccination
- Others
Based on Application, the market is bifurcated into Blood Collection, Drug Delivery, Vaccination, and Others. Drug delivery holds the dominant market share, driven by the increasing usage of safe needles for administering various medications across numerous clinical applications.
Safety Needles Market, By End-Users
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Home Healthcare
Based on End-Users, the market is classified into Hospitals & Clinics, Ambulatory Surgical Centers, Diagnostic Centers, and Home Healthcare. Hospitals & ambulatory surgery centers are estimated to hold the dominant market share in the safety needles market. This segment benefits from a high volume of procedures requiring injections, blood draws, and other applications that utilize safety needles. The extensive use of safety needles in these facilities for various medical practices drives their market share.
Safety Needles Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Safety Needles Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is estimated to hold the dominant market share, attributed to factors like well-established healthcare infrastructure, stringent safety regulations, and a high prevalence of chronic diseases.
Key Players
The “Safety Needles Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, Johnson & Johnson, Nipro Corporation, Novo Nordisk A/S, Retractable Technologies Inc., Smiths Group Plc., and Terumo Corporation.
Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.
Safety Needles Market Recent Developments
- In January 2023, FDA certification was received by Pikdare S.p.A., a subsidiary of MTD Group, for the DropSafe Sicura passive safety needle, a revolutionary injection needle with an apathetic function that can potentially be utilized for the intramuscular and subcutaneous injection of vaccines and other medications.
- In January 2022, the world’s first end-to-end immunization and safe needle disposal system was created by NeedleSmart, a smart medtech innovation located in the United Kingdom. The goal is to lower the 100,000 needlestick injuries (NSI) suffered by NHS personnel in the United Kingdom yearly, as well as the 3 million globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, Johnson & Johnson, Nipro Corporation, Novo Nordisk A/S, Retractable Technologies Inc., Smiths Group Plc., and Terumo Corporation. |
| SEGMENTS COVERED | By Product Type, By Application, By End-Users, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL SAFETY NEEDLES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SAFETY NEEDLES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL SAFETY NEEDLES MARKET, BY PRODUCT
5.1 Overview
5.2 Active Safety Needles
5.3 Passive Safety Needles
5.4 Others
6 GLOBAL SAFETY NEEDLES MARKET, BY END USER
6.1 Overview
6.2 Hospitals & Ambulatory Surgery Centers
6.3 Diabetic Patients
6.4 Family Practice
6.5 Psychiatry
6.6 Others
7 GLOBAL SAFETY NEEDLES MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL SAFETY NEEDLES MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 B. Braun Melsungen AG
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Becton, Dickinson and Company
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Terumo Corporation
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Cardinal Health
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Johnson & Johnson (Ethicon Inc.)
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Nipro Corporation
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Novo Nordisk A/S
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Retractable Technologies, Inc.
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Smiths Group Plc
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
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- Market drivers and restraints, along with their current and expected impact
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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