Retractable Needle Market Size Growth Rate by Type 2021 Share, Future Trend, Top Key Players, Growth Factor, Development, Applications and Forecast to 2027 - Numedico, Smiths Group, Medtronic

The Retractable Needle Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Retractable Needle Market Size is Projected to Reach at a CAGR of 7% during 2021-2027.

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Market Overview:

The growing need for retractable needles across a plethora of applications is expected to attract immense demand through the assessment period. The novel coronavirus pandemic had a grave effect on the livelihoods of people around the world. To reduce the transmission rate, vaccines are of utmost importance. As many countries have approved the emergency use of vaccines, mass inoculation drives have started. The demand for retractable needles is expected to surge for administering the vaccines. Thus, this aspect will increase the growth rate of the retractable needles market substantially. For instance, Little-Elm-based Retractable Technologies had bagged a contract with the U.S. government for mass vaccination once a vaccine is developed and put into use. Thus, such contracts strengthen the growth of the retractable needles market to a great extent.

Top Leading Companies:

BD, Retractable Technologies, Numedico, Smiths Group, Medtronic

Recent Development:

Smiths Group has acquired 10 companies, including 2 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 7 assets. Smiths Group’s largest acquisition to date was in 2005 when it acquired Medex for $925M. Its largest disclosed sale occurred in 2021 when it sold Smiths Medical Group to ICU Medical for $2.7B. Smiths Group has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include medical products (25%) and electrical equipment (13%). Smiths Group is a world leader in the practical application of advanced technologies. Our products and services. Smiths Group was founded in 1851 and is based in London, the United Kingdom.
Medtronic has acquired 60 companies, including 14 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 4 assets. Medtronic’s largest acquisition to date was in 2014 when it acquired Covidien for $42.9B. Its largest disclosed sale occurred in 2017 when it sold Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses to Cardinal Health for $6.1B. Medtronic has acquired in 14 different US states, and 8 countries. The Company’s most targeted sectors include medical products (88%) and healthcare services (8%).

Retractable Needle Market Segmentation by Type:

Automatic Retractable Needle
Manual Retractable Needle
Spring Loaded Retractable Needle

Retractable Needle Market Segmentation by Application:

Hospitals
Clinics
Ambulatory Surgery Centers
Others

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North America Dominates the Market:

North America’s retractable needles market is expected to witness dominant growth across the assessment period. The growing number of research and development activities across the retractable needles market and the overwhelming demand for retractable needles on the back of the mass vaccination drives may magnify the growth prospects. North America accounted for the largest revenue share, attributed to the availability of robust standards for medical care and treatment, deployment of various safety and operational regulations and policies, high focus on ensuring the safety of healthcare personnel and staff, and favourable reimbursement policies in countries in the region. In addition, continuous advancements in technology, healthcare research initiatives, and the development of more efficient and safe medical products and devices etc. are other factors supporting market revenue growth.

Regional Retractable Needle Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Retractable Needle Market Report:

Detailed overview of Retractable Needle Market
Changing the Retractable Needle market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Retractable Needle market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Retractable Needle Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Retractable Needle Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Retractable Needle industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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