Safety Needles market accounted for $1,609 million in 2018, and is expected to reach $3,009 million by 2027, registering a CAGR of 8% from 2021 to 2027.
The needle is a hard, slender tool with a pointed tip and used for perforating tissue. It is used for a variety of purposes, such as collecting samples and administering drugs to the body. However, healthcare workers are at greater risk of accidentally piercing the skin and getting a needle-punched injury. Therefore, a safety needle is a device with a function like a sheath that covers the needle to prevent injury from the needle. There are different types of safety needles on the market that work on different mechanisms.
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Segment by Type, the Safety Needles market is segmented into
- Active Safety Needles
- Passive Safety Needles
Segment by Application, the Safety Needles market is segmented into
- Hospitals
- Clinics
- Others
The major companies include:
- BD
- Cardinal Health
- Terumo
- Braun
- Smith’s Medical
- Novo Nordisk
- Nipro
- Yangzhou Medline
- DeRoyal
- Retractable Technologies
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Scope of the Report
The research study analyzes the global Safety Needles industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Safety Needles Market Report
1. What was the Safety Needles Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Safety Needles Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Safety Needles Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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