Safety Needles Market To Register Unwavering Growth By 2025

1. Safety Needles Market Set For Rapid Growth And Trend By 2025 The global safety needles market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 8.2% during the forecast period (2020-2025). A needle is a solid and slender instrument, which is pointed at the end and is employed for puncturing of tissues. They are used for various purposes, such as drawing blood from the body for sample collection, administration of drugs in the body, and others. However, healthcare workers are at higher risk of accidentally puncturing the skin leading to needlestick injuries. Therefore, safety needles are devices that are equipped with features such as a sheath that covers the needle to prevent needlestick injuries. Increased cases of needlestick injuries worldwide and surge in the prevalence of chronic & infectious disease has increased the demand for safety needles market. Key Insights: Latest Updates Analyst Views Future Outlook of the Market ● ● ● Get Free PDF Brochure of this Report @ https://www.fostermarketresearch.com/product/industry/medical-devices/g lobal-safety-needles-market/Pdf%20Brochure/ Competitive Landscape: Key players in the global safety needles market include: Cardinal Health, Johnson& Johnson, Novo Nordisk, Nipro Corporation, Medtronic PLC, B. Braun, Smiths Group, DeRoyal, Terumo, and Retractable Technologies The players have adopted strategies for product development and acquisition to strengthen their position in the market. For instance, in July 2020, Sharps Technology, Inc., launched its patented and FDA approved SHARPS PROVENSA smart safety needle syringes in the United States. By Type Active Safety Needles Passive Safety Needles Hypodermic Needles Fine Aspirating Needles ● ● ● ●

2. Suture Needles, Biopsy Needles Pen Needles IV Catheter Needles Huber Needles Spinal Anesthesia & Epidural Needles Blood Collection Needles Prefilled Needles AV. Fistula Needles Cannula Needles ● ● ● ● ● ● ● ● ● ● By Application Hospitals Ambulatory Surgery Centers Diabetic Patients Family Practices Psychiatry Others ● ● ● ● ● ● By Region North America Europe Asia-Pacific Latin America Middle East and Africa ● ● ● ● ● Get Free Sample of this Report @ https://www.fostermarketresearch.com/product/industry/medical-devices/g lobal-safety-needles-market/sample/ Market Dynamics: Various types of safety needles are available in the market that works on different mechanisms. For example, active safety needles and passive safety needles have different working mechanisms. The safety features of these needles have led to a surge in their adoption among various end-users such as hospitals & ambulatory surgery centers, diabetic patients, and others. In addition, investment in R&D by major market players for development of needles with maximum safety and precision is expected to boost the safety needles market. For instance, In August 2018, RKRAY Inc., launched Assure ID Safety Pen Needles. These safety needles are designed to protect healthcare professionals and patients from accidental injuries during the injection of insulin. Moreover, the emergence of needle technology focuses on reducing the level of pain and anxiety experienced during injections.

3. The use of needles for blood donation and testing has increased significantly in the past few years. According to the Red Cross, there is a high demand for blood and blood products due to rising cases of complex surgeries, such as chemotherapy, heart surgery, and organ transplant, which require a large number of safety needles. High cost associated with safety needles and rising availability of safety needles alternatives, including needle-free injection in the market, are some of the key factors expected to restraint the growth of the global safety needles market. FAQ's: Note: This report provides an in-depth analysis of the global safety needles market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year. What are the trends adopted by key players in the global safety needles market? What key factors are expected to increase the demand for safety needles market during the forecast period 2020-2025? What are the major challenges inhibiting the growth of the global safety needles market? What is the total market value (US$ Mn) generated in the global safety needles market by type in 2019, and what are the forecasts by 2025? Which application is expected to dominate the safety needles market in the coming years? What was the total revenue generated by the global safety needles market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025) What is the competitive strength of the key players in the safety needles market? What are the major outcomes derived from Porter’s five forces? ● ● ● ● ● ● ● ● Buy Now This Business Strategic Report to Improve Your Profits @ https://www.fostermarketresearch.com/product/buy/medical-devices/134/ About Foster Market Research: Foster Market Research is a global market intelligence and advisory firm engaged in providing data-driven research extract from rigorous analysis, to the clients to make critical business decisions and execute them successfully. Foster connects over various distribution channels and numerous markets for great understanding of the trends and market to deliver our clients with accurate data. Our focus is on providing market research that delivers a positive impact on your business. We work continuously to provide our clients with the most accurate analytics data and research reports without any delay so as to improve their business strategies and provide them with rich customer experience.

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