The Safety Needles Market is continuously growing in the global scenario at significant pace. The Safety needles are utilized across many medical facilities in various applications which includes vaccination, drug delivery and blood specimen collection.
London, UK -- (SBWIRE) -- 01/13/2020 -- The latest report pertaining to Safety Needles Market provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
The major market player included in this report are B.Braun Melsungen AG, Becton, Dickinson, and Company, Johnson & Johnson, Medtronic PLC, Nipro Corporation, Novo Nordisk, Smith's Group PLC
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The Safety Needles Market is continuously growing in the global scenario at significant pace. The Safety needles are utilized across many medical facilities in various applications which includes vaccination, drug delivery and blood specimen collection. These are also utilized to administer drugs & withdraw fluids from the individuals body for clinical examination and research. Escalating demand to prevent needle-stick injuries, surge in demand for injectable drugs and vaccines and high prevalence of blood-borne diseases are the substantial driving factors of the market across the globe.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
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The regional analysis of Global Safety Needles Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to increasing disposable income among individuals, rapid increase in the economic conditions and improvement in healthcare facilities in the region. Further, Europe is anticipated a stable growth in the global Safety Needles market during the forecast period. North America is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing demand of safety needles in the region.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product (Active Safety Needles, Passive Safety Needles), By End-User (Hospitals, Diabetic Patients, Family Practices, Psychiatrics, Others)
Moreover, government focus to implement strict regulations as steps to mandate to prevent needle re-usage is the factors that likely to create lucrative opportunities in the market over the upcoming years. Safety Needles offer various benefits such as it reduced viral survival, it prevents the syringe disassembling, it eliminates latex sensitiveness it sharp needle to reduce pain for patients and so on. These benefits are also increasing the sale of safety needles across the world. However, high cost of safety needles and alternative modes of safety drug are the factors that limiting the market growth of Safety Needles during the forecast period.
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