Home Markets Safety Needles Market to grow at a CAGR of 8.21% by 2021

Safety Needles Market to grow at a CAGR of 8.21% by 2021


Safety NeedlesGlobal Safety Needles Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Safety Needles Market.

Companies Mentioned are Medtronic, BD, Retractable Technologies, Terumo, Smiths Medical, B. Braun, C.R. Bard, DeRoyal, Ethicon Endo-Surgery, Excel International, Hamilton Syringes & Needles, Hi-Tech Medicare Devices, International Medsurg Connection, Jiangxi Sanxin Medtec, MedPro Safety Products (MPSP), Nipro Medical, Novo Nordisk, Simply Surgical, SOL-MILLENNIUM, VIGMED, Vita Needle Company, and Vygon.

The global Safety Needles market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Major points covered in Global Safety Needles Market 2017 Research are:-

  • 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?
  • 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?

This independent 109 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the Safety Needles market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Safety Needles in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

The report provides a basic overview of the Safety Needles industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is mandatory use of safety needles. Globally, governments are imposing guidelines to use safety needles as a mandatory practice in healthcare centers. For instance, the US government has instructed to adhere to the Needle Stick Safety and Prevention Act, and this legislation needs to be stringently followed by the healthcare providers and workers.”

According to the report, one of the major drivers for this market is growing need for greater patient compliance and accurate dosage. Parenteral drug administration by safety needles is popular for its increased bioavailability in the patient’s blood stream. Drug delivery by safety needles not only eliminates the first pass metabolism of the drugs through oral delivery but also saves the drug from pH changes, enzymatic activity within the patient’s body causing degradation to the drugs, variable transit time, and side effects due to drug metabolites. BD is offering a broad range of safety needles in 6mm, 8mm, and 12.7mm sizes, which help in the accurate dosage of medications.

Further, the report states that one of the major factors hindering the growth of this market is growing demand for needle-free injection devices and microneedles. Although safety needles are used widely, patients experience pain and other complications during their use. Owing to these factors, end-users are looking for alternative devices, such as needle-free injections. Driven by the advantage of painless drug delivery along with the increased safety and efficacy, needle-free injections and microneedles pose a big challenge to the safety needles market. The needle-free injections help individuals overcome their aversion toward needles and reduce the risk of infections. Jet injectors that use the needle-free injection technology and microneedles that use the transdermal drug delivery technology are serious competitors of safety needles.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Safety Needles industry development trends and marketing channels are analyzed.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Safety Needles on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Safety Needles Market and assist manufacturers and investment organization to better grasp the development course of Safety Needles Market.

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