APEJ Region to Record Fastest Sales of Safety Needles by 2027 End

Wednesday, April 12, 2017 General News
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VALLEY COTTAGE, New York, April 12, 2017 /PRNewswire/ --

The sole purpose of designing safety needles was to avoid

needlestick injuries while collecting fluids and delivering drugs to the body. The key players of global market for safety needles are enhancing their product portfolio by focusing on production of innovative needles with safety features. These players
include B. Braun Melsungen AG, Novo Nordisk A/S, Medtronic, and Becton, Dickinson and Company. Becton, Dickinson and Company holds its dominance in the overall market with around 50% share, followed by Medtronic and Novo Nordisk AS. Future Market Insights' recent report profiles Smith Medical and Argon medical Inc. as emerging safety needle manufacturers, while Terumo Medical Corporation and Boston Scientific Inc. are recognised as mid-level players in the global safety needles market.

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Rising Focus on Use of Prefilled Syringes Fuelling the Demand

At present, value of the global safety needles market is estimated to be s worth US$ 3,752.2 Mn, and it is estimated to reach US$ 7,765.7 Mn by 2027-end, witnessing a CAGR of 6.9% during this forecast period. The growing focus on utilization of prefilled syringes for treatment of several ailments is fuelling the demand for safety needles across the globe. Factors such as changing lifestyle habits, exposure to hormones and infection by HCV are expected to result in gynaecological cancers. Rising incidence rate of gynaecological cancers, coupled with higher presence of lower-back problems in regions such as the US are driving the demand for spine needles and other types of safety needles.

Request a Sample Report with Table of Contents :http://www.futuremarketinsights.com/reports/sample/rep-gb-2029

Trends Observed in the Global Safety Needles Market 

Leading companies are participating in campaigns in co-ordination with governments of several economies for raising awareness about unsafe use of reusable needles among patients. Increasing prevalence of HIV & blood-borne diseases, owing to needle injuries, has also urged the companies for development of needles with enhanced safety features.

Key findings from FMI's Report Include 

  • Hypodermic needles, as a product, will dominate the market, and is expected to account for 18.1% share during the forecast period. However, biopsy needles are expected to witness fastest revenue growth at 8.6% CAGR.
  • Hospital pharmacies are estimated to account for more than half of safety needles being distributed globally, while private clinics are expected to garner over US$ 1,300 Mn through 2027.
  • Drug delivery application of safety needles is expected to gain 242 BPS in its market share. In addition, sample collection is projected to create an absolute $ opportunity of around US$ 1,840 Mn in 2017 over 2016.

Preview Analysis on Global Safety Needles Market Segmentation Product Type - Fine Aspirating Needles, Biopsy Needles, Hypodermic Needles, Pen Needles, Suture Needles, IV Catheter Needles, Blood Collection Needles, Spinal Anesthesia and Epidural Needles, Prefilled Needles, A.V. Fistula Needles, Cannula Needles, Huber Needles; By Application - Sample Collection, Drug Delivery; By Distribution Channel - Hospital Pharmacies, Private Clinics, Retail Pharmacies and Drug Stores, E-Commerce: http://www.futuremarketinsights.com/reports/safety-needle-market

APEJ - Fastest-Growing Safety Needles Market in World 

Around 24% market share is estimated to be held by Western Europe by the end of 2027, while APEJ is expected to register fastest growth in the global market for safety needles. In contrast, Eastern Europe is poised to depict a sluggish growth during the forecast period, while North America is will remain the outright dominant region in the global market for safety needles.

More from FMI's Cutting-edge Intelligence: 

  • Widefield Imaging Systems Market Segmentation By Indication - Diabetic Retinopathy, Retinopathy of Prematurity, Pediatric Retinal Diseases, Retinal Vein Occlusion, Ocular Oncology, Uveitis, Chorioretinal Diseases, Glaucoma; By Component - Instruments, Software (Image Viewing & Data Analysis and Interpretation Software); By Modality - Standalone, Portable; By End User - Specialty Clinics, Hospitals, Ambulatory Surgical Centres: http://www.futuremarketinsights.com/reports/wide-field-imaging-systems-market
  • Endovenous Laser Therapy Market Segments By End User - Hospitals, Ambulatory Surgical Centres and Specialised Clinics, By Product - Endovenous Laser Systems (Diode Lasers and YAG Lasers), Endovenous Laser Fibres (Bare Tip Laser Fibre, Radial Tip Laser Fibre and Gold Tip Laser Fibre): http://www.futuremarketinsights.com/reports/endovenous-laser-devices-market
  • Digital Mobile X-Ray Devices Market Segmentation By Product - Mobile X-Ray, Hand-Held X-Ray Device; By Technology - Computed Radiography, Direct Radiography; By Application - Orthopaedic Imaging, Chest Imaging, Dental Imaging and Others; By End-User - Hospital, Radiology Centres, Outpatient Clinics and Other End Users: http://www.futuremarketinsights.com/reports/digital-mobile-x-ray-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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SOURCE Future Market Insights



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