Safety Needles Market, by Product Type (Fine Aspirating Needles, Biopsy Needle, Hypodermic Needle, Pen Needle, Suture Needle, IV Catheter Needle, Huber Needle, Others), Application (Sample Collection, Drug Delivery), Distribution Channel (Hospital Pharmacies, Private Clinics, Retail Pharmacies and Drug Stores, E-Commerce), and Region (North America, Europe, Asia Pacific, Middle East and Africa, South America) – Market Size and Forecasting to 2030

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

The Global Safety Needles Market is expected to value at USD 1,721.4 million in 2021 and is estimated to grow at a CAGR of 9.2% during the forecast period from 2021 to 2030. Safety needles are designed for delivering drugs and collecting fluids from the body with safety features to avoid needlestick injuries. Different types of safety needles are available — fine aspirating needles, hypodermic needles, biopsy needles, pen needles, blood collection needles, spinal anesthesia and epidural needles, Huber needles, prefilled needles, IV catheter needles, suture needles, cannula needles, and others. The global safety needles market is expected to witness significant growth during the forecast period owing to increasing cases of needlestick injuries, favorable reimbursement policies, and initiatives made by the government to incorporate the use of safety needles in the legislation.

Increasing prevalence of gynecologic cancer and spinal disorders is expected to contribute to global safety needles market growth due to the increasing uses of needles in biopsy and other needle-based therapies. As per the Foundation for the Women’s Cancer, about 5,170 new cases of vaginal cancer are found each year in the United States, which require biopsy safety needles for testing purposes. Apart from this, increasing adoption of prefilled needles is also expected to boost market growth. These needles are used for product differentiation for medicines that require parenteral injections. In addition, increasing awareness of risk associated with filling needles from a vial is expected to act as the driver for the rise in the demand for prefilled safety needles market. The growing preference for the painless needle is expected to offer lucrative growth opportunities for the market participants.

Introduction of needle-free injection technology is expected to be the major restraining factor in the global safety needles market. High cases of trypanophobia are also projected to limit the market growth during the forecast period. In developing countries, the benefits of these types of needles are ignored owing to the lack of awareness about the safety and healthcare issues that can hamper the market growth.

TABLE 1: GLOBAL SAFETY NEEDLES MARKET OVERALL SNAPSHOT

TABLE 1: GLOBAL SAFETY NEEDLES MARKET OVERALL SNAPSHOT

Impact Of COVID-19 on Global Safety Needles Market

Due to the COVID-19, there has been a significant rise in the advancements in the COVID 19 vaccines which leads to the increasing demand for the vaccines and the need for the needles has been significantly grown.

Market Segmentation

The global safety needles market is segmented into product type, application, distribution channel, and region.

FIGURE 2: GLOBAL SAFETY NEEDLES MARKET SEGMENTATION

Global Safety Needles Market, by Product Type

Based on product type, the global safety needles market is segmented into fine aspirating needles, biopsy needle, hypodermic needle, pen needle, suture needle, IV catheter needle, Huber needle, others. The other segment includes blood collection needle, spinal anesthesia and epidural needle, prefilled syringe needle, A.V. fistula needle, and cannula needle.

Among these, the suture needle is one of the major segments owing to increasing adoption and rising cases of surgeries. Suture needles are low priced compared to other types of needles thus, most pharmaceutical companies are producing them to increase their sales.

Global Safety Needles Market, by Application

Based on the application, the global safety needles market is segmented into sample collection and drug delivery. Among these, drug delivery segment is expected to be the fastest growing segment during the forecast period. The segment growth can be owing to various advantages such as the ability to deliver drugs selectively to a specific site with less frequent dosing. Thus, increasing number of surgeries is expected to contribute to segment growth during the forecast period.

Global Safety Needles Market, by Distribution Channel

Based on distribution channel, the global safety needles market is segmented into hospital pharmacies, private clinics, retail pharmacies and drug stores, and e-commerce. Among these, the e-commerce segment is expected to be the fastest-growing segment during the forecast period. With the onset of COVID-19, people are strictly maintaining the social distancing norms, due to which they are preferring to order safety needles online. The safety needles industry is also witnessing huge growth due to the increasing number of sales of safety needles online.

Global Safety Needles Market, by Region

Based on the region, the global safety needles market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America is expected to hold the largest market share during the forecast period. The regional market growth can be attributed to increasing prevalence of needlestick injuries in this region. Other factors like the easy availability of the safety needles and the presence of the leading market players are also the are also expected to contribute to North American market during the forecast period.

Asia Pacific is expected to be the fastest growing region during the forecast period. The regional market growth can be due to the increasing awareness related to harmful effects of needlestick injuries. In addition, certain other factors are the presence of a huge patient base suffering from chronic illness and the rise in healthcare expenses in the region are expected to contribute to regional market.

TABLE 2: GLOBAL SAFETY NEEDLES MARKET OVERVIEW

TABLE 2: GLOBAL SAFETY NEEDLES MARKET OVERVIEW

 Recent Developments in the Global Safety Needles Market

  • February 2020 - Abbott Laboratories collaborated with Insulet Corporation to integrate Abbott’s glucose-sensing technology with Insulet’s next-generation tubeless systems which are known as the Omnipod Horizon Automated Insulin Delivery System. This will increase the demand of insulin-based needles in the market.
  • January 2020 - Eli Lilly and Company launched lower proceed versions of Humalog Mix 75/25 KwikPem and Humalog Junior KwikPen.

FIGURE 2: GLOBAL SAFETY NEEDLES MARKET (USD BILLION), 2021-2030

FIGURE 2: GLOBAL SAFETY NEEDLES MARKET (USD BILLION), 2021-2030

What Does This Report Provide?

This report provides a detailed understanding of the global safety needles market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global safety needles market have been covered in the report. This report further includes the market shares of the leading companies operating in the global market, along with their production capacities and the growth strategies adopted by them.

Market Segmentation:

By Product Type

  • Fine Aspirating Needle
  • Biopsy Needle
  • Hypodermic Needle
  • Pen Needle
  • Suture Needle
  • IV Catheter Needle
  • Huber Needle
  • Others
    • Blood Collection Needle
    • Spinal Anesthesia & Epidural Needle
    • Prefilled Syringe Needle
    • A.V. Fistula Needle
    • Cannula Needle

By Application

  • Sample Collection
  • Drug Delivery

By Distribution Channel

  • Hospital Pharmacies
  • Private Clinics
  • Retail Pharmacies and Drug Store
  • E-Commerce

By Region:

North America Safety Needles Market

  • North America, by Country
    • The U.S.
    • Canada
    • Mexico
  • North America by Product Type
  • North America by Application
  • North America by Distribution Channel

Europe Safety Needles Market

  • Europe, by Country
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe 
  • Europe by Product Type
  • Europe by Application
  • Europe by Distribution Channel

Asia Pacific Safety Needles Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Asia Pacific by Product Type
  • Asia Pacific by Application
  • Asia Pacific by Distribution Channel

 Middle East and Africa Safety Needles Market

  • Middle East and Africa, by Country 
    • The UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East and Africa
  • Middle East and Africa by Product Type
  • Middle East and Africa by Application
  • Middle East and Africa by Distribution Channel

South America Safety Needles Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America by Product Type
  • South America by Application
  • South America by Distribution Channel

Major Companies: In this report, the major companies studied are B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, Johnson & Johnson (Ethicon Inc.), Nipro Corporation, Novo Nordisk A/S, Retractable Technologies, Inc., Smiths Group Plc., Terumo Corporation, and Vygon SA.

Objectives of this Report:

  • To estimate the market size for the safety needles market on a regional and global basis
  • To identify major segments in the safety needles market and evaluate their market shares and demand
  • To provide a competitive scenario for the market with major developments observed by the key companies in the historic years
  • To evaluate the key factors governing the dynamics of the safety needles market with their potential gravity during the forecast period
  • To evaluate the leading company-wise pricing analysis for the mentioned applications

Key Questioned Answered in the Study:

  • What are major growth drivers and market trends that are impacting the global safety needles market?
  • What is the market size both in terms of value and volume for the global safety needles market?
  • Who are the leading market players and who are the new market players that operate in the global market with an estimated market share?
  • What are the future investment pockets and opportunities in the global safety needles market?
  • Major list of customers and potential futuristic customer list along with an estimated buying volume.
  • Impact of COVID-19 on the global safety needles market

Customization:

  • By sub-segment
  • By client-specific country, type, and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product-specific competitive analysis

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