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.
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 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.
Industry Overview
The new study made on Safety Needles market includes crucial information on market share, market size, and growth rate for the forecast period 2020 – 2026. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics.
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COVID-19 Impact:
The industrial report mentions about the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The Safety Needles report proficiently explains about the resulting factors and concerns of manufacturers. Researchers have also well-explained about how the producers and providers will tackle with the ongoing epidemic and the key strategies to be adopted post pandemic for turning their businesses back to normal.
Major Players Covered in this Report are:
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
The updated market research report on Safety Needles market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Market Segmentation:
The report is divided into major categories comprising product, distribution channel, application, and end users. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Safety Needles report.
Market Breakdown Data by Types:
Active Safety Needles
Passive Safety Needles
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Regional Insights:
The Safety Needles market is segmented as North America, South America, Europe, Asia Pacific, and Middle East and Africa. Researchers have thoroughly studied about the historical market. With extensive research, experts have offered details on the current and the forecast demand made by these regions. The Safety Needles report also includes highlights on the prevailing product demanded by end users and end customers for better understanding of product demand by producers. This will help the producers and the marketing executives to plan their production quantity and plan effective marketing strategies to more buyers. Businesses can hence, increase their product portfolio and expand their global presence. Safety Needles market research report further offers information on the unexplored areas in these regions to help the producers to plan promotional strategies and create demand for their new and updated products. This will again help the manufacturers to increase their customers and emerge as leaders in the near future.
The Queries answered by Safety NeedlesMarket Research Report include:
- What are the key producers, equipment suppliers, raw material suppliers, end users, distributors and traders in the Safety Needles Market?
- What are the crucial factors impacting the Safety Needles Market Growth?
- What are production processes, major problems or obstacles, and solutions to tone down the development risk?
- What is the contribution made by regional manufacturers to the overall market?
- What are the major market segment, influential trends, market potential, and key challenges that the market is witnessing?
Table of Content
1 Introduction of Safety Needles Market
1.1 Industry Overview
1.2 Scope of the Report
1.3 Assumptions
2 Executive Summary
3 Research Framework by Market Growth Insight
3.1 Data Mining
3.2 Data Validation
3.3 Primary Interviews
3.4 Data Sources List
4 Safety Needles Market Overview
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Limitations
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Safety Needles Market, By Product Type
Overview
6 Safety Needles Market, By Application
Overview
7 Safety Needles Market, By End User
Overview
8 Safety Needles Market, By Geography
8.1 North America
8.2 Europe
8.3 Asia -Pacific
8.4 Latin America
8.5 Middle East and Africa
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