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 and Epidural Needle, Prefilled Syringe Needle, A.V. Fistula Needle, and Cannula Needle), By Application (Sample Collection, and Drug Delivery), By Distribution Channel (Hospital Pharmacies, Private Clinics, Retail Pharmacies and Drug Store, and E-Commerce), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2023

Code : CMI3555

Pages :143

Formats :

Excel and PDF

Industry : Medical Devices

Safety Needles MarketSize and Trends

The global Safety Needles market is estimated to be valued at US$ 5.63 billion in 2023 and is expected to exhibit a CAGR of 8.5% during the forecast period (2023-2030).

Global Safety Needles Market – Driver

Product launch by the key players, and rising number of diabetic patients

To prevent the needlesticks injuries, the needs of safety needles conducting both prenatal and postnatal research, key market players are focused on launching new products to expand their product portfolio. For instance on January 10 2023, Sharps Technology, Inc., an medical device and drug delivery company offering patented, best-in-class syringe products, announced the advancement of the company's specialized prefillable syringe ("PFS") system product line, which will be manufactured in collaboration with Nephron Pharmaceuticals at the Inject EZ facility in West Columbia, South Carolina, U.S.

Figure 2. Global Safety Needles Market Value (US$ Billion), by Region, 2023