Safety needles are used for
different drug deliveries and sample collections. Fine aspirating needles
(FANs) are fine needles used for aspiration of cells in organs and lumps in
tissue. These needles are primarily used for biopsy procedures to access difficult-to-reach
tissues and organs. Biopsy needles are used to obtain soft tissue samples from
the body and for extraction of kidney, liver, skin, and bone marrow samples.
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 chronic
non-communicable diseases in geriatric population is expected to boost growth
of the global safety needles market over the forecast period. For instance,
according to the study, ‘Cancer statistics for adults aged 85 years and older,
2019’, published in ACS CA: A Cancer Journal for Clinicians, in August 2019, in
2019, the projected number of cancer cases and deaths was 140,690 and 103,250
respectively, among adults aged 85 years and older in the U.S.
Global Safety Needles Market:
Opportunities
Concerns regarding disposal of
contaminated needles and other medical waste is continuously increasing owing
to possible hazards from needlestick and other injuries such as infections
during encounters with such materials. The Needlestick Safety and Prevention
Act and implementation of OSHA Bloodborne Pathogens Standard in the U.S have
increased the awareness regarding injuries caused by contaminated needles. This
has also prompted companies to focus on developing biodegradable needles with
all the necessary features that alleviate concerns related to injuries and
possible infections from contaminated medical waste and needles.
* The sample copy includes: Report Summary, Table of
Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy
of this report: https://www.coherentmarketinsights.com/insight/request-sample/3555
Global Safety Needles Market:
Restraints
Risks associated with injections
are expected to hamper growth of the global safety needles market. The
injection procedure sometimes leads to multiple temporary or permanent side
effects. Epidural and spinal needles injections sometimes result in multiple
side effects as thin needles need to pass through ligaments, bone in spine, to
extract fluid from the spinal cord. Risks associated with these procedures
include, itchy skin, backache, nausea, loss of bladder control, abscess
formation, and nerve damage.
Key Takeaways:
The Hypodermic Needle segment in
the global safety needles market was valued at US$ 760.3 Mn in 2019 and is
expected to reach US$ 1,406.8 Mn by 2027 at a CAGR of 8.0% during the forecast
period. Increasing number of dermatologic procedures in developed and
developing economies is expected to assist the growth of the segment during the
forecasted period.
The Drug Delivery segment held
dominant position in the global safety needles market in 2019, accounting for
54.0% share in terms of value in 2019. The growth of the segment is attributed
to increasing prevalence of chronic non-communicable diseases during the
forecasted period.
Market Trends
The demand for needle
incineration device is high to avoid needle injury. For instance, in January
2020, RedHawk Holdings Corp. launched The SANDD mini -First Responders, a
needle incineration device for first responders.
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/safety-needles-market-3555
Several governments are adopting
needle exchange program that allows injecting drug users to obtain hypodermic
needles and associated paraphernalia at little or no cost. For instance, in
February 2020, Hillsborough County (FL, U.S.) passed the Syringe Service
Program, which allows for the exchange of used needles and hypodermic syringes
for unused ones.
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
January 2020: Eli Lilly and
Company announced to donate around 200,000 KwikPens to three relief
organizations – Americares, Direct Relief, and Dispensary of Hope to support
lower-income people living with diabetes who qualify for free clinic services
January 2020: Ipsen
Biopharmaceuticals Canada Inc. launched a new pre-filled syringe with needle
shield removal system for Somatuline Autogel 60, 90, and 120 mg
Buy-Now this research
report: https://www.coherentmarketinsights.com/insight/buy-now/3555
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
Contact
Us:
mailto:sales@coherentmarketinsights.com
U.S.
Office:
Name: Mr. Shah
Coherent
Market Insights 1001 4th Ave,
# 3200
Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737
No comments:
Post a Comment