Global Safety Needles Market

Global Safety Needles Market Size, Share, Growth Analysis, By Product(Active Safety Needles, Passive Safety Needles), By End User(D Hospitals & Ambulatory Surgery Centers, Diabetic Patients) - Industry Forecast 2023-2030


Report ID: SQMIG35B2161 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 70

Global Safety Needles Market Insights

Safety Needles Market size was valued at USD 5,123 million in 2021 and is poised to grow from USD 5512.35 million in 2022 to USD 9904.55 million by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).

The safety needles market is witnessing substantial growth as a result of increasing concerns about needlestick injuries and the transmission of infections in healthcare settings. Safety needles are designed to minimize the risk of accidental needlestick injuries among healthcare professionals during procedures, thereby protecting both the healthcare workers and patients.

The growing adoption of safety needles by hospitals, clinics, and other healthcare facilities is driven by stringent regulations and guidelines implemented by governments and healthcare organizations to ensure the safety of healthcare workers. Additionally, rising awareness about the importance of needle safety and the benefits of using safety needles is contributing to market growth.

Advancements in needle safety technologies, such as retractable and passive safety features, are further boosting market expansion. Moreover, the increasing prevalence of chronic diseases and the subsequent rise in the number of injections administered are propelling the demand for safety needles.

Geographically, North America and Europe are leading the safety needles market due to well-established healthcare systems and stringent safety regulations. However, the Asia-Pacific region is expected to witness significant growth during the forecast period due to increasing healthcare infrastructure development and rising awareness about needlestick injuries. Overall, the safety needles market is poised to experience continued growth in the coming years, driven by the need for enhanced needle safety and infection control in healthcare settings.

US Safety Needles Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 5,123 million

Largest Segment

Active Safety Needles

Fastest Growth

Active Safety Needles

Growth Rate

7.6% CAGR

Global Safety needles market ($ Bn)
Country Share for North America Region (%)
Global Safety needles market By Product ($ Bn)
Global Safety needles market By Product (%)

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Global Safety Needles Market Segmental Analysis

The global safety needles market is segmented on the basis of Product, End User, and Region. Based on Product the market is segmented as, Active Safety Needles, Passive Safety Needles. Based on End User the market is segmented as, Hospitals & Ambulatory Surgery Centers, Diabetic Patients, Family Practice, and Psychiatry, Others, Others.

Safety Needles Market Analysis By Product

The active safety needles segment holds the largest share in the safety needles market, primarily due to their wide adoption and the increasing number of needlestick injuries. Active safety needles are more cost-effective compared to passive safety needles, which further drives their demand and contributes to market growth. However, the passive safety needles segment is expected to witness the fastest growth during the forecast period. This is because passive safety needles are automatic and do not require manual activation of the safety feature. Moreover, they have fewer assembly parts, making them easier to dispose of and requiring less space in packaging, which is advantageous for pharmaceutical companies. These factors collectively contribute significantly to the overall growth of the safety needles market.

Safety Needles Market Analysis By End User

Among the end-users, the hospitals & ambulatory surgery centers segment holds the largest share in the safety needles market. This is primarily because safety needles are extensively used in these facilities for drug administration and blood sample collection, procedures that are typically performed by highly trained medical staff in hospitals and surgery centers. However, the psychiatry segment is expected to witness significant growth during the forecast period. This growth is driven by the increasing awareness of the need for safety needles in psychiatric settings, as healthcare workers in these environments face an elevated risk of needlestick injuries. The adoption of safety needles in psychiatry is seen as a crucial measure to protect the healthcare workforce and prevent needlestick-related infections and injuries.

Global Safety needles market By Product, 2021 (%)

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Global Safety Needles Market Regional Insights

North America is projected to maintain a dominant position in the global safety needles market throughout the forecast period in 2022. The region's strong market presence is attributed to the increasing prevalence of chronic diseases and spine disorders, which drives the demand for safety needles. Millions of healthcare workers in North America utilize needles daily, making the risk of needlestick injuries a significant concern. Although the introduction of universal precautions and safety-conscious needle designs has contributed to a decline in such injuries, hepatitis B and hepatitis C remain major concerns after needlestick incidents, rather than HIV. As a result, there is a growing demand for safety needles to prevent such occupational hazards and protect the healthcare workforce in the region.

Global Safety needles market By Geography, 2023-2030
  • Largest
  • Fastest

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Global Safety Needles Market Dynamics

Safety Needles Market Drivers

Increasing Incidence of Needlestick Injuries:

The rising prevalence of needlestick injuries among healthcare workers is a major driver for the adoption of safety needles. These injuries pose a significant risk of bloodborne infections, leading to a growing demand for safer needle devices to protect healthcare professionals.

 Safety Needles Market Restraints

Higher Cost:

  • Safety needles are generally more expensive than conventional needles, which can be a restraint for their widespread adoption, particularly in low-resource settings. Cost considerations may hinder the market growth in certain regions.

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Global Safety Needles Market Competitive Landscape

The safety needles market is characterized by intense competition among key players. Companies are focused on developing innovative and technologically advanced safety needle products to gain a competitive edge. Additionally, strategic collaborations, partnerships, and acquisitions are common strategies employed by market players to expand their market presence and product portfolios. The competitive landscape is also influenced by stringent regulatory requirements and the need to adhere to safety standards. Key players focus on product differentiation, branding, and marketing initiatives to strengthen their market position. They also invest in research and development activities to introduce novel safety needle technologies that address the specific needs of healthcare professionals and patients. Moreover, expanding distribution networks and increasing product accessibility in emerging markets are essential strategies to capture a larger market share. The safety needles market is witnessing constant advancements and innovations, and the competitive landscape is expected to remain dynamic in the coming years. Companies that can effectively address the challenges of cost-effectiveness, product design, and regulatory compliance while offering reliable safety needle solutions are likely to thrive in this competitive market.

Safety Needles Market Top Player’s Company Profile

  • 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
  • Vygon SA
  • LIST of OTHER PLAYERS IN THE VALUE CHAIN :
  • (These players are not profiled in the report. The same will be included on request)
  • DeRoyal Industries
  • Hindustan Syringes & Medical Devices Limited
  • Hi-Tech Syringes.

Safety Needles Market Recent Developments

  • On January 12, 2023, Milestone Scientific Inc., a company specializing in advanced computerized devices for administering medication with precision and minimal discomfort, revealed that it had engaged in a distribution accord with Sweden & Martina, a prominent European enterprise involved in dental manufacturing and distribution. According to this arrangement, Sweden & Martina has been granted exclusive privileges to promote and distribute Milestone's STA Single Tooth Anesthesia System (STA) within the previously untapped regions of Spain, Portugal, and France. Furthermore, Sweden & Martina is set to take over the role of the company's existing distributor in Italy, becoming the sole distributor of STA products within that market.
  • In March 2022, NuGen Medical Devices Inc., a company specializing in needle-free drug delivery technologies, revealed its engagement in a 5-year distribution contract with Harrington Consultants Limited and their collaborative associate, Al Mufid Pharmaceuticals, recognized as the "Kuwait Joint Venture" or the designated "Distributor."

Global Safety Needles Key Market Trends

  • Better Healthcare Infrastructure: The North American region is poised for substantial growth in the safety needles market due to enhanced healthcare infrastructure, effective governmental policies, and a robust presence of multinational corporations. Advanced safety needle products like self-retracting needles and those equipped with safety locking mechanisms are gaining popularity among healthcare practitioners and patients alike. In October 2021, West Pharmaceutical Services, a prominent manufacturer of injectable pharmaceutical packaging and delivery systems, introduced the NovaGuard SA Pro Safety System. This single-use accessory is designed for prefilled ISO standard 0.5mL staked needle syringes, catering to the Indian domestic market. These developments reflect the region's commitment to improving patient and healthcare worker safety through innovative and technologically advanced safety needle solutions.

Global Safety Needles Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global safety needles market analysis, the safety needles market is witnessing significant growth driven by factors such as the increasing awareness of needlestick injuries, rising concerns over healthcare worker safety, and the growing prevalence of chronic diseases. Safety needles are designed to prevent accidental needlestick injuries, reducing the risk of infections. The active safety needles segment holds a major share due to their widespread adoption and affordability. While hospitals and ambulatory surgery centers dominate the end-user segment, the psychiatry sector is expected to grow due to the elevated risk of needlestick injuries among healthcare workers in this field. Geographically, North America leads with its advanced healthcare infrastructure and stringent safety regulations. The introduction of advanced features like self-retracting needles and locking systems further propels market growth. Overall, the safety needles market is driven by the imperative to enhance patient and healthcare worker safety in medical procedures.

Report Metric Details
Market size value in 2021 USD 5,123 million
Market size value in 2030 USD 9904.55 million
Growth Rate 7.6%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Active Safety Needles, Passive Safety Needles
  • End User
    • D Hospitals & Ambulatory Surgery Centers, Diabetic Patients, Family Practice, Psychiatry, Others, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 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
  • Vygon SA
  • LIST of OTHER PLAYERS IN THE VALUE CHAIN :
  • (These players are not profiled in the report. The same will be included on request)
  • DeRoyal Industries
  • Hindustan Syringes & Medical Devices Limited
  • Hi-Tech Syringes.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Safety Needles Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Safety Needles Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Safety Needles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Safety Needles Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Safety Needles Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Safety Needles Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Safety Needles Market size was valued at USD 5,123 million in 2021 and is poised to grow from USD 5512.35 million in 2022 to USD 9904.55 million by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).

The safety needles market is characterized by intense competition among key players. Companies are focused on developing innovative and technologically advanced safety needle products to gain a competitive edge. Additionally, strategic collaborations, partnerships, and acquisitions are common strategies employed by market players to expand their market presence and product portfolios. The competitive landscape is also influenced by stringent regulatory requirements and the need to adhere to safety standards. Key players focus on product differentiation, branding, and marketing initiatives to strengthen their market position. They also invest in research and development activities to introduce novel safety needle technologies that address the specific needs of healthcare professionals and patients. Moreover, expanding distribution networks and increasing product accessibility in emerging markets are essential strategies to capture a larger market share. The safety needles market is witnessing constant advancements and innovations, and the competitive landscape is expected to remain dynamic in the coming years. Companies that can effectively address the challenges of cost-effectiveness, product design, and regulatory compliance while offering reliable safety needle solutions are likely to thrive in this competitive market. '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', 'Vygon SA', 'LIST of OTHER PLAYERS IN THE VALUE CHAIN :', '(These players are not profiled in the report. The same will be included on request)', 'DeRoyal Industries', 'Hindustan Syringes & Medical Devices Limited', 'Hi-Tech Syringes.'

Safety needles are generally more expensive than conventional needles, which can be a restraint for their widespread adoption, particularly in low-resource settings. Cost considerations may hinder the market growth in certain regions.

Better Healthcare Infrastructure: The North American region is poised for substantial growth in the safety needles market due to enhanced healthcare infrastructure, effective governmental policies, and a robust presence of multinational corporations. Advanced safety needle products like self-retracting needles and those equipped with safety locking mechanisms are gaining popularity among healthcare practitioners and patients alike. In October 2021, West Pharmaceutical Services, a prominent manufacturer of injectable pharmaceutical packaging and delivery systems, introduced the NovaGuard SA Pro Safety System. This single-use accessory is designed for prefilled ISO standard 0.5mL staked needle syringes, catering to the Indian domestic market. These developments reflect the region's commitment to improving patient and healthcare worker safety through innovative and technologically advanced safety needle solutions.

North America is projected to maintain a dominant position in the global safety needles market throughout the forecast period in 2022. The region's strong market presence is attributed to the increasing prevalence of chronic diseases and spine disorders, which drives the demand for safety needles. Millions of healthcare workers in North America utilize needles daily, making the risk of needlestick injuries a significant concern. Although the introduction of universal precautions and safety-conscious needle designs has contributed to a decline in such injuries, hepatitis B and hepatitis C remain major concerns after needlestick incidents, rather than HIV. As a result, there is a growing demand for safety needles to prevent such occupational hazards and protect the healthcare workforce in the region.

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Global Safety Needles Market

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