Safety Needles Market Revenue Growth is Predicted to Achieve Double Digit CAGR 12.1% by 2025

The global Safety Needles Market was valued at $1,607 million in 2017, and is projected to reach $3,922 million by 2025, growing at a CAGR of 12.1% from 2018 to 2025. Safety needles are used for administering drugs to patients and withdraw bodily fluids for research and examination.

In addition, factors such as active government participation to implement stringent regulations, steps to mandate the use of safety needles to prevent needle re-usage, and increase in demand for injectable drugs & vaccines drive the market growth. However, high cost of safety needles and alternative options for drug delivery are expected to hamper the growth of the market. Nevertheless, the impact of the driving factors is expected to overshadow the effect of the restraints. Moreover, high prevalence of blood-borne diseases and untapped potential in the emerging economies are expected to provide lucrative opportunities to the safety needle manufacturers in future.

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Increase in the number of needle-stick injuries throughout the world is expected to boost the market growth. The other key factors that drive the global safety needles market are increase in demand for injectable drugs and vaccines, active government initiatives, and surge in application of injection and infusion therapies. In addition, high prevalence of blood-borne diseases increases the demand for safety needles, which in turn provides lucrative opportunities for the market growth. However, alternative modes of drug delivery and high costs associated with safety needles restrain the market growth.

The global safety needles market is segmented based on product, end user, and region both in terms of value and volume. Based on product, the market is bifurcated into active safety needles and passive safety needles. Active safety needle holds the major share in the global safety needle market as they are increasingly adopted as a safety engineered devices for the administration of vaccines and medications. Based on end user, the global safety needles market is segmented into hospitals, diabetic patients, family practices, psychiatrics, and others. The hospital segment dominates the global safety needles market and is growing significantly with WHO guidelines for safe practice of needle usage and global campaign to encourage injection safety.

Key Benefits for Safety Needles Market:

• Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current trends and future scenario of the global safety needles market from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets.
• Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
• The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
• The profiles of key players along with their key strategic developments are enlisted in the report.

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Based on region, this market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the global safety needles market in 2017 and is expected to retain its dominance throughout the forecast period.

The major companies profiled in the report include

• Medtronic plc,
• Becton,
• Dickinson and Company (BD),
• Retractable Technologies, Inc.,
• Terumo Medical Corporation,
• Smiths Group Plc.,
• B. Braun Melsungen AG,
• MedPro Safety Products, Inc.,
• Nipro Corporation,
• Johnson & Johnson (Ethicon Inc.) and
• Novo Nordisk.

The other market players that are not profiled in the report includes Albert David, DeRoyal, Hindustan Syringes & Medical Devices Limited, Hi-Tech Syringes, International Medsurg Connection, Medline Industries, Inc., Unilife Corporation, Vita Needle Company, and Vygon.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.1.1. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.4. Top Player Positioning, 2017
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rise in number of needlestick injuries
3.5.1.2. Supportive government initiatives
3.5.1.3. Rise in chronic conditions
3.5.2. Restraints
3.5.2.1. High cost of safety needles
3.5.2.2. Alternative modes of drug delivery
3.5.3. Opportunity
3.5.3.1. Lucrative opportunities in emerging economies

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