Safety Needle Market Growth, Trends and Value Chain 2016-2026 by FMI

Safety needle is an infusion device composed with special features. Safety needles are used along with infusion system like safety syringe, IV catheter or safety pens. These safety syringes are designed to work automatically which permit the needle to withdraw back into the system automatically. And another design is based on manual work where we have to insert cap in needle after its use. The safety mechanism is intended to enhance safety of the drug administration process and to provide protection to the patients and healthcare workers from incidental needlestick injury. As per WHO report 2002, around 37.6% of Hepatitis B, 39% of that Hepatitis C and 4.4% of HIV/AIDS cases are observed in healthcare workers due to needlestick injuries. That is why, several countries have presented enactment, as per that use of safety needle is mandatory. With increasing awareness about medication safety and increasing concern on the prevention of needlestick injury, safety needles along with safety injection devices have gained attention from healthcare professionals and medical device manufacturers. Global safety needle market is expected to show considerable growth in the forecasted period.

Global Safety Needle Market: Drivers and Restraints

Based on data of World Health Organization, more than 3.1 million individuals die every year due to unsafe infusion practice. The expanding number of syringe needlestick injuries, transfer of non-sterile needle and sharing, and risky infusion practices are the central point impacting the development of this business sector. A few nations have presented enactment, which ensures mandatory use of safety needle and devices to diminishing needle stick injuries and counteract needle re-use. Presentation of this enactment has prompted safety needles being more usually utilized than traditional syringes, which prompted considerable growth in the safety needle market. The lack of awareness regarding use of safety needles and healthcare issues in some of the developing economies and most of the undeveloped economies has restricted growth of safety needle market in respective region.

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Global Safety Needle Market: Segmentation

The global safety needle market is classified on the basis of product type, application and end user.

Based on product type, the global safety needle market is segmented into the following:

Huber needles

Pen needles

Retractable needles

Biopsy needles

IV Catheter needles

Dental needles

Fine aspirating needles

AV Fistula needles

Implantation needles

Ophthalmic needles

Based on application type, the global safety needle market is segmented into the following:

Sample Collection

Drug delivery

Based on end user, the global safety needle market is segmented into the following:

Hospitals

Diagnostic centers

Clinics

Ambulatory Surgical Centers

Dentist

Global Safety Needle Market: Overview

Hypodermic needles are the most commonly used needles. These are usually used for injection of various substances into the body and for extracting fluids. Hypodermic needles are available in the market with different safety caps and locks to avoid needlestick incidences and possibility of infections. As hypodermic needle are used for both sample collection and drug delivery purpose, market growth is high in forecast period. Safety needles are gaining popularity over other ordinary needles due to raising awareness about diseases spread due to needles stick and sharp injuries. Pen needle market is expected to grow during the forecast period due to increasing diabetic population, advantages of insulin pen over conventional syringe and vitals. Also, technological advancements in insulin needle will attribute to growth of safety needle market.

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Global Safety Needle Market: Regional Overview

Region wise, the global safety needle market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America dominates the global safety needles market due to increased awareness regarding the importance of safety needles use in this region. In North America region, The U.S. represents the largest market for safety needles, followed by Canada. In Europe, Germany and the U.K. hold major shares in the safety needles market. Most countries in Europe have favorable reimbursement mechanism for special purpose needles. Hence, combined with higher affordability and awareness, the market in this region is one of the largest after North America. Increasing awareness regarding various chronic diseases and high availability of skilled workers are boosting the growth of safety needle market in Asia region. China, India and Japan are expected to be the fastest-growing safety needles markets in Asia.

Global Safety Needle Market: Key Players

Some of the key players in global safety needle market are Medtronic, Boston Scientific Corporation, Cook Medical, Smiths medical, Becton Dickinson, Merit Medical Systems, EndoChoice, Inc., Medi-Globe Corporation, sfm Medical devices, Terumo Corporation, Stryker Corporation, Argon Medical Devices, Novo Nordisk, Sol-Millennium, Endo-Flex and B.Braun, NIPRO Medical Corporation.

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