Global Safety Needles Market 2017-2021
About Safety Needles
Safety needles or safety-engineered needles are hollow-bore needles that are specifically designed to eliminate or minimize the risks of a skin puncture injury or needle stick injury to the healthcare worker. These needles were licensed as medical devices by Health Canada. These needles can be permanently attached to a safety syringe or are detachable. For safety, a sheath covers the needle or the needle retracts into the barrel to protect the healthcare worker from needle stick injuries.
Technavio’s analysts forecast the global Safety Needles market to grow at a CAGR of 8.21% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global safety needles market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of safety needles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Safety Needles Market 2017-2021
Technavio recognizes the following companies as the key players in the global safety needles market: Medtronic, BD, Retractable Technologies, Terumo, and Smiths Medical.
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’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.
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.