Safety Needles Market 2023 Size, Share, Industry, Forecast to 2030

The Safety Needles Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Safety Needles market. This report explores all the key factors affecting the growth of the global Safety Needles market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Detailed Segmentation are:
by Product (Active Safety Needles and Passive Safety Needles) and End User (Hospitals, Diabetic Patients, Family Practices, Psychiatrics, and Others)

Safety Needles Market 2023 Overview:

Safety Needles Market Overview:

Safety needles are hollow, cylindrical needles with a puncture point at the pointed tip, utilized to inject solutions through subcutaneous, intravenous, and intramuscular modes for rapid uptake of substances such as insulin, vaccines, and others. These are used to extract body fluids for diagnosis. The global safety needles market accounted for $1,607 million in 2017, and is anticipated to reach $3,922 million by 2025, registering a CAGR of 12.1% from 2018 to 2025.

The growth in incidence of needle stick injuries, implementation of stringent compliance for using safety needles, and surge in demand for injectable drugs & vaccines drive the growth of the global safety needles market. In addition, rise in incidence of chronic diseases, particularly diabetes augments the growth of the market. However, high cost of safety needles, availability of alternative modes of drug delivery, and unawareness regarding safety syringes hamper the market growth. Nevertheless, untapped emerging economies, such as India and Japan, present lucrative opportunities for the growth of the global safety needles market.

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 segment holds the major share in the global safety needle market as they are increasingly adopted as a safety engineered device 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.

Based on region, this market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2017 and is expected to retain its dominance throughout the forecast period. This is primarily attributed to the higher buying power and stringent regulations that favor the utilization of safety needles in this region. Further, there is an increased awareness regarding the risk of cross infection (such as hepatitis, HIV, and AIDS) and needle stick injuries in this region. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions.

Product development is the key strategy adopted by market players. The report provides a comprehensive analysis of the key players that operate in the global safety needles market.

Profiled

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.)

Novo Nordisk

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Safety Needles Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

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Strategic Points Covered in Table of Content of Global Safety Needles Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Safety Needles market
Chapter 2: Exclusive Summary - the basic information of the Safety Needles Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Safety Needles
Chapter 4: Presenting the Safety Needles Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Safety Needles market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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2- Competitive breakdown of segment revenue by market players.

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In conclusion, the Safety Needles Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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