Impact Analysis of Covid-19

The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Safety Needles Market – Insights

Safety needles are designed for delivering drugs and collecting fluids from the body with safety features to avoid needlestick injuries. There are various types of safety needles such as fine aspirating needles, biopsy needles, hypodermic needles, pen needles, suture needles, IV catheter needles, Huber needles, blood collection needles, spinal anesthesia and epidural needles, prefilled needles, A.V. fistula needles, and cannula needles.

Statistics:

The global safety needles market is estimated to account for US$ 7,765.7 Mn in terms of value by the end of 2027.

Global Safety Needles Market: Drivers

Increasing prevalence of gynecologic cancer and spine disorders is expected to boost growth of the global safety needles market over the forecast period. For instance, according to Foundation for Women’s Cancer, around 5,170 new cases of vaginal cancer are diagnosed each year in the U.S.

Moreover, high adoption of prefilled syringes is also expected to aid in growth of the market. Prefilled syringes are widely used for product differentiation for drugs that require parenteral injections. The growing awareness in risk associated with filling syringe from a vial is expected to act as a value-driver for demand for prefilled safety needles.

North America region held dominant position in the global safety needles market in 2019, accounting for 31.8% share in terms of value, followed by 2027.

Figure 1. Global Safety Needles Market Share (%), by Region, 2019

Safety Needles  | Coherent Market Insights

Global Safety Needles Market: Restraints

Increasing development and awareness of needle-free injection technology is expected to hinder growth of the global safety needles market. For instance, in December 2019, Nephron Pharmaceuticals Corporation partnered with National Medical Products Inc., a developer of J-Tip Needle Free Injector, to provide patients quality care through virtually pain-free anesthetic

Moreover, high incidence of trypanophobia (fear of needles) is also expected to limit growth of the market. For instance, according to the study, ‘The fear of needles: A systematic review and meta-analysis,’ published in the Journal of Advanced Nursing in January 2019, the prevalence for needle fear ranged from 20-50% in adolescents and 20-30% in young adults.

Global Safety Needles Market: Opportunities 

Growing preference for pain-free needles is expected to offer lucrative growth opportunities for players in the market. Diabetes patients rely on regular dose of insulin. Therefore, such patient group prefers needles that offer less or no discomfort, ease of use, and high accuracy of dosage.

Moreover, government initiatives for needle disposal is also expected to aid in growth of the market. For instance, in February 2020, the city of Bloomington (U.S.) announced its plans to provide needle disposal boxes in public parks.

Safety Needles  | Coherent Market Insights

Fine Aspirating Needle segment in the global safety needles market was valued at US$ 543.9 Mn in 2019 and is expected to reach US$ 931.9 Mn by 2027 at a CAGR of 7.0% during the forecast period.

Market Trends/Key Takeaways

Increasing concerns on needlestick injuries and high prevalence of HIV and blood borne diseases have prompted companies to develop and introduce needles with enhanced safety features in the market. Products with advanced features such as self-retracting needles and needles with safety locking system are gaining traction among healthcare professionals and patients.

Government initiatives to promote vaccination is also expected to aid in growth of the market. For instance, in February 2020, the state Government of Colorado, U.S., announced its plans to pass bill for increasing the vaccination rates of Colorado children to 95% in line with the targets of the Centers for Disease Control and Prevention.

Value Chain Analysis -

Safety Needles  | Coherent Market Insights

Safety Needles  | Coherent Market Insights

Global Safety Needles Market: Competitive Landscape

Major players operating in the global safety needles market include, Medtronic PLC, Becton, Dickinson and Company, Boston Scientific Corporation, Smith Medical, Abbott Laboratories, Argon Medical Devices, Inc., Novo Nordisk A/S, Terumo Corporation, Eli Lilly and Company, NIPRO Medical Corporation, and B. Braun Melsungen AG.

Global Safety Needles Market: Key Developments   

Major players in the market are focused on adopting collaboration and partnership strategies to expand their product portfolio. For instance, in February 2020, Abbott Laboratories partnered with Insulet Corporation to integrate Abbott's glucose sensing technology with Insulet's next-generation tubeless system, the Omnipod Horizon Automated Insulin Delivery System (Omnipod Horizon System), to offer personalized automated insulin delivery and care for people living with diabetes.

Players in the market are also focused on launching affordable products to enhance their market share. For instance, in January 2020, Eli Lilly and Company announced its plan to launch lower-priced versions of Humalog Mix75/25 KwikPen and Humalog Junior KwikPen, by mid-April.

Safety needles are used for delivering drugs and collecting fluids from the body avoiding needle stick injuries. Different types of safety needles used by healthcare professionals constitute of fine aspirating needles, biopsy needles, hypodermic needles, pen needles, suture needles, IV catheter needles, Huber needles, blood collection needles, spinal anesthesia and epidural needles, prefilled needles, A.V. fistula needles, and cannula needles. Increasing prevalence of chronic non-communicable diseases in geriatric population is expected to boost growth of the global safety needles market over the forecast period. Furthermore, increasing use of prefilled syringes is also expected to aid in growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the Safety Needles market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 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 strategy adopted by key players
  • It profiles key players in the global Safety Needles market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Medtronic PLC, Becton, Dickinson and Company, Boston Scientific Corporation, Smith Medical, Abbott Laboratories, Argon Medical Devices, Inc., Novo Nordisk A/S, Terumo Corporation, Eli Lilly 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, technology up-gradation, market expansion, and marketing tactics
  • The 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:

  • 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
      • Cannula Needle
  • Safety Needles Market, By Application
    • Sample Collection
    • Drug Delivery
  • Safety Needles Market, By Distribution Channel:
    • Hospital Pharmacies
    • Private Clinics
    • Retail Pharmacies and Drug Store
    • E-Commerce
  • Safety Needles Market, By Region:
    • North America
      • 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
          • Cannula Needle
      • By Application
        • Sample Collection
        • Drug Delivery
      • By Distribution Channel
        • Hospital Pharmacies
        • Private Clinics
        • Retail Pharmacies and Drug Store
        • E-Commerce
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • 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
          • Cannula Needle
      • By Application
        • Sample Collection
        • Drug Delivery
      • By Distribution Channel
        • Hospital Pharmacies
        • Private Clinics
        • Retail Pharmacies and Drug Store
        • E-Commerce
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • 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
          • Cannula Needle
      • By Application
        • Sample Collection
        • Drug Delivery
      • By Distribution Channel
        • Hospital Pharmacies
        • Private Clinics
        • Retail Pharmacies and Drug Store
        • E-Commerce
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • 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
          • Cannula Needle
      • By Application
        • Sample Collection
        • Drug Delivery
      • By Distribution Channel
        • Hospital Pharmacies
        • Private Clinics
        • Retail Pharmacies and Drug Store
        • E-Commerce
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • 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
          • Cannula Needle
      • By Application
        • Sample Collection
        • Drug Delivery
      • By Distribution Channel
        • Hospital Pharmacies
        • Private Clinics
        • Retail Pharmacies and Drug Store
        • E-Commerce
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • 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
          • Cannula Needle
      • By Application
        • Sample Collection
        • Drug Delivery
      • By Distribution Channel
        • Hospital Pharmacies
        • Private Clinics
        • Retail Pharmacies and Drug Store
        • E-Commerce
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Medtronic PLC *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Becton, Dickinson and Company
    • Boston Scientific Corporation
    • Smith Medical
    • Abbott Laboratories
    • Argon Medical Devices, Inc.
    • Novo Nordisk A/S
    • Terumo Corporation
    • Eli Lilly and Company
    • NIPRO Medical Corporation
    • Braun Melsungen AG
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippets, By Distribution Channel
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Safety Needles Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Fine Aspirating Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Biopsy Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hypodermic Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Pen Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Suture Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • IV Catheter Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Huber Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Blood Collection Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Spinal Anesthesia and Epidural Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Prefilled Syringe Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • A.V. Fistula Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cannula Needle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Safety Needles Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Sample Collection
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Drug Delivery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Safety Needles Market, By Distribution Channel, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Private Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Retail Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • E-Commerce
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Safety Needles Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profiles
      • Medtronic PLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Becton, Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Boston Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smith Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Argon Medical Devices, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Novo Nordisk A/S
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Terumo Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Eli Lilly and Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NIPRO Medical Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 28 market data tables and 18 figures on “Safety Needles Market - Global forecast to 2027”.

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