Safety needles are medical devices designed to reduce the risk of needlestick injuries and exposure to bloodborne pathogens among healthcare workers. These needles are equipped with safety features that help prevent accidental needlesticks during use and disposal. There are several types of safety needles, including retractable needles, which have a mechanism that automatically retracts the needle into the syringe or other device after use, and shielding needles, which have a protective shield that covers the needle after use. Some safety needles also feature a locking mechanism that prevents the needle from being reused or removed from the device, further reducing the risk of accidental injuries. Safety needles are used in a variety of medical settings, including hospitals, clinics, and other healthcare facilities. They are commonly used for procedures such as blood draws, injections, and vaccinations. By reducing the risk of needlestick injuries, safety needles help protect healthcare workers from exposure to bloodborne pathogens, such as HIV, hepatitis B, and hepatitis C. Overall, the use of safety needles is an important component of infection control and workplace safety in healthcare settings. By reducing the risk of needlestick injuries, safety needles help protect both healthcare workers and patients from the potential harms of bloodborne pathogens.

Market Dynamics

The global safety needle market is expected to grow as a result of an aging population and a rise in the prevalence of chronic diseases such as HIV, cancer, hepatitis B, hepatitis C, and so on, as a means of increasing surgeries with the risk of needlestick injuries and blood-borne pathogen. Due to this, increasing in prevalence of chronic diseases is driving the demand for safety needles as a means of reducing the risk of needlestick injuries and blood borne pathogen exposure in both patients and healthcare workers. The key market players are focusing on adoption of growth strategies such as acquisition which is attributed to the growth of global safety needles market. For instance, in July 2022, Sharps Technology, Inc., an innovative medical device company had announced its acquisition of Safegard Medical’s syringe manufacturing facility in Europe (Hungary). Sharps Technology’s smart safety syringes are designed to eliminate accidental needlestick injuries, prevent needle reuse, and significantly reduce wasted vaccines and medicine while retaining the intuitive simplicity of traditional syringes.

Key features of the study:

• This report provides an in-depth analysis of the global safety needles market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global safety needles market based on the following parameters–Company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Medtronic, Plc., Becton, Dickinson and Company, Smith Medical, Inc., Abbott Laboratories, Argon Medical Devices, Inc., Novo Nordisk A/S, Terumo Corporation, Eli Lily and Company, Nipro Medical Corporation, and B. Braun Melsungen AG.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global safety needles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global safety needles market.

Detailed Segmentation:

• Global Safety Needles Market, By Product Type:
  • Fine Aspirating Needle
  • Biopsy Needle
  • Hypodermic Needle
  • Pen Needle
  • Suture Needle
  • IV Catheter Needle
  • Huber Needle
  • Blood Collection Needle
  • Spinal Anesthesia Needle
  • Prefilled Syringe Needle
  • V. Fistula Needle
  • Cannula Needle
• Global Safety Needles Market, By Application:
  • Sample Collection
  • Drug Delivery
• Global Safety Needles Market, By Distribution:
  • Hospitals Pharmacies
  • Private Clinics
  • Retail Pharmacies
  • E-commerce
• Global Safety Needles Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    
    • South Africa
    • Central Africa
    • North Africa
• Company Profiles
  • Medtronic, Plc.
  • Becton, Dickinson Company
  • Boston Scientific Corporation
  • Smith Medical, Inc.
  • Abbott Laboratories
  • Argon Medical Devices, Inc.
  • Novo Nordisk A/S
  • Terumo Corporation
  • Eli Lily and Company
  • Nipro Medical Corporation
  • B. Braun Melsungen AG