Safety Syringe and Safety Needles Market

Safety Syringe and Safety Needles Market by Type of Device, Purpose of Device, Usability, Company Size and Key Geographical Regions (North America, Europe, Asia-Pacific and Rest of the World): Industry Trends and Global Forecasts, 2022-2035

  • Lowest Price Guaranteed From USD 4,799

  • Companies Covered
    101

  • Pages
    198

  • View Count
    9166

Safety Syringe and Safety Needles Market Overview

The safety syringe and safety needles market is estimated to be worth $6.7 billion in 2023 and is expected to grow at compounded annual growth rate (CAGR) of 2.2% during the forecast period. According to a study published in the Canadian Journal of Infectious Disease and Medical Microbiology in 2021, more than 1.3 million cases of needlestick injuries (NSI) among health care workers (HCWs) are reported every year in the US and Europe. NSIs are known to occur frequently in healthcare settings while using injections and can lead to transmission of various blood borne pathogen. In fact, as per the estimates provided by the Centers for Disease Control and Prevention (CDC), HCWs are at an increased risk of exposure to harmful pathogens, such as human immunodeficiency virus (HIV), hepatitis B virus, and hepatitis C virus, due to needlesticks. Some of the common factors that are believed to be the cause for high number of NSIs include inessential use of sharp devices, inadequacy of personal protective equipment, lack of training, and inappropriate disposal of sharp devices and needles. In order to reduce the number of such cases, several initiatives have been undertaken to ensure safety of HCWs and patients, which include the launch of 2010 EU directive initiative on sharps injury prevention by European Union and development of smart needles and advanced injection devices. Since the use of needles is unavoidable in healthcare, device developers have come up with highly advanced product designs and safety measurements to limit the risk posed by sharp needles. These safety injection devices have several advantages, including needle shielding and automatic retraction of needles into the syringe barrel when the plunger is released, and easy disposal of  safety needle.

Given the various benefits of safety syringes and safety needles, several companies have developed and launched their proprietary smart devices that are capable of preventing injuries caused by needlesticks along with reducing the transmission of infectious diseases. In addition, in order to expand the reach of their devices and enhance their product portfolios, players in this domain are actively collaborating with other stakeholders. Moreover, the stakeholders have undertaken several initiatives to augment their intellectual portfolio with an intention to incorporate advanced features to their products. Driven by the growing demand for safe and efficient drug delivery systems and ongoing efforts by the players to integrate sophisticated features in the product design and technology, the safety syringe and safety needles market is likely to witness noteworthy market growth during the forecast period.

This image provides list of Needlestick Safety Injection Devices. Presently, over 140 safety injection devices have been / are being developed to protect healthcare personnel from needlestick and sharp injuries, while aiming to reduce the risk of blood-borne infections This image presents current market landscape of Needlestick Safety Device Developers. The pipeline features a variety of needlestick safety injection devices that have been / are being developed for various purposes, including needle shielding and protection from injury, and can be sterilized via different modes This image presents key insights of Needlestick Safety Injection Devices Market. Most of the needlestick safety injection devices are designed to protect the user from injuries; of these, maximum number of devices have been developed by very large players

Key Companies in Safety Syringe and Safety Needles Market

Examples of key companies engaged in safety syringe and safety needles market (which have also been profiled in this market report; the complete list of companies is available in the full report) include B. Braun, BD, Gerresheimer, HTL-STREFA, Nipro Europe Group Companies and SOL-MILLENNIUM Medical Group. This safety syringe and safety needles market report includes an easily searchable excel database of all the companies providing needlestick safety devices including safety needles, safety syringes and other safety devices, worldwide.

Recent Developments in Safety Syringe and Safety Needles Market:

Several recent developments have taken place in the field of needle stick safety. We have outlined some of these recent initiatives below. These developments, even if they took place post the release of our market report, substantiate the overall market trends that have been outlined in our analysis.

  • In May 2023, the US federal government committed USD 5 million to study three existing and planned safe drug injection sites with an aim to prevent overdoses and cost savings. 
  • In January 2023, MTD Group received the FDA clearance for DropSafe Sicura passive safety needle, an injection needle with a fully passive mechanism, which is used for the intramuscular and subcutaneous injection of vaccines and other drugs.

Scope of the Report

The Safety Syringe and Safety Needles Market by Type of Device (Needles, Syringes, and Other Types of Devices), Purpose of Device (Enabling Ease of Needle Insertion / Retraction, Protection Against Injuries, and Needle Shielding), Usability (Non-Reusable and Reusable), Company Size (Very Small, Small, Mid-sized, Large and Very Large) and Key Geographical Regions (North America, Europe, Asia-Pacific and Rest of the World): Industry Trends and Global Forecasts, 2022-2035 market report features an extensive study on the current market landscape, market size, market forecast and future opportunities for the companies involved in the safety syringe and safety needles market. The market research report also offers an informed opinion on the likely adoption of the safety syringe and safety needles (either commercialized or under development) in the healthcare industry, in the mid to long term and underlines an in-depth analysis, highlighting the capabilities of various stakeholders engaged in the safety syringe and safety needles market.

This image highlights competitive analysis of Needlestick Safety Injection Devices. In pursuit of building a competitive edge, stakeholders are making an active effort to incorporate advanced features in their respective portfolio of devices and comply with evolving industry benchmarks This image highlights the partnership activity undertaken by players engaged in Needlestick Safety Injection Devices Market. The rising interest of stakeholders in needlestick safety injection devices is reflected by the increasing number of partnerships established with various industry and non-industry players This image provides information on funding and investments received by Needlestick Safety Injection Device Developers. In order to tap the lucrative opportunity, investors have actively supported the ongoing initiatives; most of the amount has been invested in companies headquartered in North America

Amongst other elements, the report includes:

  • A detailed assessment of the market landscape of safety syringe and safety needles based on several relevant parameters, such as type of device (needle, syringe, and other types of devices), purpose of device (enabling ease of needle insertion / retraction, protection against injuries, and needle shielding), usability (non-reusable and reusable), mode of sterilization (ethylene oxide, gamma rays, steam and other methods) and packaging format (box, tub, and other packaging formats). In addition, it features analysis of the companies engaged in the development / deployment of safety syringe and safety needles, along with information on their year of establishment, company size, location of headquarters, and leading players (in terms of number of safety syringe and safety needles developed).
  • An in-depth key insights analysis, highlighting the contemporary market trends using impactful schematic representations, including a tree map representation, based on type of device (needle, syringe, and other types of devices) and company size, a waffle chart representation, based on purpose of device (enabling ease of needle insertion / retraction, protection against injuries, and needle shielding) and company size, a 4D bubble analysis, which compares the capabilities of  leading players engaged in the development / deployment of safety syringe and safety needles, based on various parameters, such as type of device (needle, syringe, and other types of devices), purpose of device (enabling ease of needle insertion / retraction, protection against injuries, and needle shielding), company size and location of headquarters (region-wise), a world map representation, highlighting the regional distribution of leading players engaged in the development / deployment of safety syringe and safety needles and a grid representation, based on type of device, purpose of device and usability.
  • A detailed product competitiveness analysis of safety syringe and safety needles, based on supplier power (based on the experience of the developer in this industry) and key specifications of products, including purpose of device (enabling ease of needle insertion / retraction, protection against injuries and needle shielding), usability (non-reusable and reusable), mode of sterilization (gamma rays, ethylene oxide, steam, and other methods).
  • An in-depth analysis of various initiatives undertaken in this domain, during the period 2016-2022, wherein companies have entered into partnerships with other stakeholders related to safety syringe and safety needles and the related recent events (conferences / seminars / webinars / workshops) organized by several stakeholders, across the globe. In addition, it provides information on the funding activity in this domain, highlighting the involvement of venture capitalists and funding schemes of various public and private organizations / funds that have allowed start-ups / small companies to expand their capabilities.
  • An analysis of the patents filed / granted for safety syringe and safety needles, since 2018, taking into consideration several relevant parameters, such as type of patent, publication year, application year, issuing authority, geographical location, Cooperative Patent Classification (CPC) symbols, emerging focus areas, type of organization, leading industry and non-industry players (on the basis of number of patents filed / granted) and individual patent assignees (in terms of size of intellectual property portfolio), patent benchmarking, patent characteristics and age of patents. In addition, the chapter also includes an insightful patent valuation analysis and leading patents by number of citations.
  • Elaborate profiles of key players engaged in the development of safety syringe and safety needles. Each profile features a brief overview of the company, details on its product portfolio, recent developments and an informed future outlook. Additionally, it provides a detailed scoring matrix of leading players profiled in this chapter (based on the recent initiatives).
  • A Bowman’s strategy clock framework to understand the pricing strategy of the safety syringe and safety needles developed by the company along with its competitive position in the marketplace. In addition, it presents the equation devised to calculate the likely price of the safety syringe and safety needles based upon their features.
This image provides information about Bowman’s strategy clock framework to understand the pricing strategy of the needlestick safety injection devices. Cost is a key determinant of the acceptance and adoption of such needlestick safety injection devices; pricing strategy matrix is likely to assist players in evaluating the competitive market prices for their offerings This image provides information on the current and future market trends and potential growth of Needlestick Safety Injection Devices Market. With the rising demand for safe and effective injection systems, the market of needlestick safety injection devices is expected to grow at an annualized rate of 7.8% between 2022-2035 This image highlights the market segments of Needlestick Safety Devices. The projected market opportunity is likely to be well distributed across different types of devices, and players headquartered across key geographical regions

One of the key objectives of this market report is to provide a detailed market forecast analysis in order to estimate the existing market size and future opportunity within the safety syringe and safety needles market in the given forecast period. Our year-wise projections of the current and future opportunity within the safety syringe and safety needles market have further been segmented across types of devices (needles, syringes and other types of devices), purposes of devices (enabling ease of needle insertion / retraction, protection against injuries, and needle shielding), usability (reusable and non-reusable), company size of developers (very small, small, mid-sized, large and very large) and geographical regions (North America, Europe, Asia-Pacific and rest of the world). In order to account for future uncertainties and to add robustness to our model, we have provided three market forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s growth.

All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this report are in USD, unless otherwise specified.

Frequently Asked Questions

Question 1: What is a safety needle?

Answer: Safety needles are essential medical devices which protect healthcare professionals from the risk of contracting blood borne pathogens.

Question 2: What are the advantages of safety syringe and safety needles?

Answer: These safety injection devices have several advantages, including needle shielding and automatic retraction of needles into the syringe barrel when the plunger is released, and easy disposal of safety needle.

Question 3: How big is the safety syringe and safety needles market?

Answer: The safety syringe and safety needles market size is estimated to be worth $6.7 billion in 2023.

Question 4: What is the projected market growth of the safety syringe and safety needles market?

Answer: The safety syringe and safety needles market is expected to grow at compounded annual growth rate (CAGR) of 2.2% during the forecast period 2023 - 2035.

Question 5: Who are the leading players in the safety syringe and safety needles market?

Answer: Examples of key companies engaged in safety syringe and safety needles market (which have also been profiled in this market report; the complete list of companies is available in the full report) include B. Braun, BD, Gerresheimer, HTL-STREFA, Nipro Europe Group Companies and SOL-MILLENNIUM Medical Group.

Question 6: How many patents related to the safety syringe and safety needles have been filed / granted till date?

Answer: Till date, over 145 patents have been filed / granted related to the safety syringe and safety needles.

Question 7: How many safety syringe and safety needles are currently available in the market?

Answer: Presently, more than 140 safety syringe, safety needles and other safety devices are available in the needlestick safety market for the protection of healthcare professionals and patients.

Question 8: Which region is the hub for companies engaged in the safety syringe and safety needles market?

Answer: North America emerged as the hub for companies engaged in the safety syringe and safety needles market.

PRICING DETAILS

USD 4,799

This license grants the right of use of the purchased report to a single recipient only (normally the person who buys the report). You may access the material on your computer, as and when required, for your own personal use. You may also print read more

This license grants the right of use of the purchased report by the employees of a business unit at a particular site/office location. The report may be accessed on the computer of any employee within the business unit. You may also print multiple read more

This license grants the right of use of the purchased report by a department / team of individuals (up to 12) in a particular organization. The license does not limit the use to a particular site / office location. The report may be accessed on the computer read more

This license entitles the buyer of the report to share, distribute the report (either full or in part) with other employees of the same firm/enterprise. The report may be accessed by any employee of the enterprise and there is no limit on the read more

Discounts available for multiple report purchases
Click here to send an email to Roots Analysis team. sales@rootsanalysis.com