Safety Needles and Syringes Market: Competitive Analysis, Market Trends and Forecast to 2031

Executive Summary

The Safety Needles and Syringes market research reports indicate a growing demand for safer medical devices in the healthcare industry to prevent needlestick injuries and the spread of infections. The market is expected to grow at a CAGR of % during the forecasted period. Market trends show an increasing focus on the development of innovative safety features in needles and syringes, such as retractable needles, passive safety mechanisms, and needleless injection systems.

In terms of geographical spread, North America (NA) is leading the market with a high adoption rate of safety needles and syringes due to stringent regulations and growing awareness about healthcare safety. The Asia-Pacific (APAC) region is also witnessing rapid growth in the market, driven by increasing healthcare infrastructure investments and rising incidences of needlestick injuries. Europe and the United States (USA) have well-established healthcare systems with a growing emphasis on patient and healthcare worker safety.

China, as a key player in the APAC region, is also experiencing significant growth in the Safety Needles and Syringes market. The country's expanding healthcare sector, growing geriatric population, and increasing focus on infection prevention are driving the demand for safer medical devices.

Overall, the Safety Needles and Syringes market is poised for substantial growth across various regions, driven by increasing awareness about healthcare safety, stringent regulations, and technological advancements in needle and syringe design. The market is anticipated to witness steady growth in the coming years, with opportunities for market players to capitalize on the growing demand for safer medical devices.

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Market Segmentation:

This Safety Needles and Syringes Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Safety Needles and Syringes Market is segmented into:

• BD
• Cardinal Health
• Terumo
• B. Braun
• Smiths Medical
• Novo Nordisk
• Nipro
• Yangzhou Medline
• DeRoyal
• Retractable Technologies

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The Safety Needles and Syringes Market Analysis by types is segmented into:

• Active Safety Needles
• Passive Safety Needles

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The Safety Needles and Syringes Market Industry Research by Application is segmented into:

• Hospitals
• Clinics
• Others

In terms of Region, the Safety Needles and Syringes Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Safety Needles and Syringes Market

Key drivers in the Safety Needles and Syringes market include the increasing awareness about needlestick injuries, stringent regulations mandating the use of safety devices, and the growing prevalence of infections transmitted through unsafe injections. However, barriers such as high costs associated with safety devices, limited availability in developing countries, and resistance to change from healthcare professionals pose challenges in the market. Additionally, the lack of proper training and education on the use of safety needles and syringes, along with concerns about the effectiveness of these devices, continue to be obstacles faced by manufacturers and healthcare providers.

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Competitive Landscape

BD (Becton, Dickinson and Company) is a leading player in the Safety Needles and Syringes market. The company was founded in 1897 and has since become a global medical technology company that manufactures and sells medical devices, instrument systems, and reagents. BD's Safety Needles and Syringes segment offers a wide range of products designed to prevent needlestick injuries and enhance patient safety.

Cardinal Health is another key player in the market, providing a comprehensive portfolio of safety needles and syringes. The company was founded in 1971 and has grown to become a global, integrated healthcare services and products company. Cardinal Health's safety products are designed to protect healthcare workers and patients from accidental needle injuries.

Terumo Corporation is a Japanese multinational medical devices company that also manufactures safety needles and syringes. The company was founded in 1921 and has a strong presence in the global healthcare industry. Terumo's safety products are known for their high quality and reliability.

In terms of market growth, the Safety Needles and Syringes market is expected to witness significant growth in the coming years due to increasing awareness about needlestick injuries and the importance of patient safety. According to market research, the Global Safety Needles and Syringes market is projected to reach a value of over $5 billion by 2026.

As for sales revenue, BD reported sales of $ billion in 2020, while Cardinal Health reported sales of $156.5 billion in the same year. Terumo Corporation reported sales of $7.7 billion in 2020. These figures highlight the strong market position and financial performance of these key players in the Safety Needles and Syringes market.

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