Global Safety Needles Market 2017-2021

This market research study identifies Medtronic, BD, Retractable Technologies, Terumo, and Smiths Medical as the leading players in the global safety needles market. A comprehensive analysis of this market is also presented by product (active safety needles and passive safety needles), by route of administration (intramuscular, intravenous, subcutaneous, and others), and by geography (the Americas, APAC, and EMEA).

Global safety needles market

According to safety needles market analysis, the global safety needles market will grow at a CAGR of more than 8% during the forecast period. The introduction and enforcement of stringent legislation and guidelines will drive the growth prospects for the market during the estimated period. The demand for safety hypodermic needles will increase with the rising popularity of safety syringes and needles and other safety-engineered medical devices. This is supported by Needlestick Safety and Prevention Act that reduces not only the unnecessary costs but also reduces needlestick injuries (NSIs).

Similar safety laws were also adopted in various regions such as the Americas, EMEA, and APAC. In the Americas, the US was the first country to adopt and actively enforce the legislation that compels healthcare facility units to use safety syringes and needles. The enforcement of such legislation will stimulate growth in the global safety needles market during the next couple of years.

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Syringes and needles market based on geography

According to this market research, many regions in the Americas are witnessing an increase in the use of semi-automatic and automatic retractable syringe or retractable safety hypodermic needles. This increase in the awareness about NSIs among healthcare workers (HCWs) will propel the growth of the safety needles market in the region during the projected period. Furthermore, to support the use of safety needles, the government is also establishing a number of public health awareness programs in the region.

Needles market: Competitive landscape and key vendors

The global safety needles market comprises of many global, local, and regional vendors and is highly fragmented. These vendors offer a broad range of safety needles to end-users. Vendors are increasingly competing against each other based on factors such as aggressive pricing, fewer needle injuries, safety features, convenient use, technology upgrading, marketing strategies, and distribution channels. The development and launch of new products and technological advancements will strengthen the competitive environment of the market.

Key vendors in the global syringes and needles market

• Medtronic
• BD
• Retractable Technologies
• Terumo
• Smiths Medical

Safety needles market segmentation based on product

• Active safety needles
• Passive safety needles

Based on the safety needles market insights, the active safety needles segment is experiencing the widespread use of manual safety needles on a global level. It is highly adopted across the globe because it assures a safer administration. They are not only safe and have a better patient compliance but are also cost-effective. As a result, the segment will dominate the market from 2017 to 2021 because it is cheaper than semi-automatic and passive safety needles.

Safety needles market by route of administration 

• Intramuscular
• Intravenous
• Subcutaneous

The intramuscular (IM) injection method of administering medication is used to inject the drug into the muscle tissue directly. It is administered to patients when a drug causes irritation to the subcutaneous tissue. This method provides an alternative route of drug administration and promotes rapid drug absorption.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global safety needles market?
• What are the key market trends impacting the growth of the global safety needles market?
• What are the challenges to market growth?
• Who are the key vendors in the global safety needles market?
• What are the market opportunities and threats faced by the vendors in the global safety needles market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global safety needles market?

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