San Francisco, California, May 28, 2018: TMR research discusses the future of the global safety needles market in its latest publication. The research report, titled “Safety Needles Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, sheds light on the factors likely to propel the global market in the coming years. Analysts state that growing incidences of needlestick injuries has initiated a conversation about safety needles. Over the years, programs discouraging reusing needles and advancements toward production of disposable needles have augmented the global safety needles market.
Development and commercialization of prefilled syringes for various applications have tremendously helped the global market to grow at a phenomenal pace. Increasing number of pharmaceutical companies have adopted prefilled syringes due to the benefits they offer. Prefilled syringes are not only safe but they also ensure precise dosage for the patient. Thus, in the coming years, the demand for prefilled syringes to treat chronic conditions is expected to stoke the demand for safety needles.
On the basis of application, the global safety needles market is segmented into sample collection and drug delivery. Out of these, the drug delivery segment is expected to remain dominant in the coming years. Meanwhile, in terms of distribution channels the hospital pharmacies will be the key contributors to the sales of safety needles.
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Geographically, North America and Europe are projected to lead the global market for safety needles during the forecast period. Higher acceptance of latest technologies, availability of better healthcare products, and investments in medical devices are expected to drive these regional market in the coming years. Analysts expect Asia Pacific too is likely to show steady growth as the region witnesses a spike in the number of diabetics.
The leading players defining the competitive landscape of the global safety needles market are Ethicon Endo-Surgery, BD, Smiths Medical, Medtronic, Terumo, Retractable Technologies, B. Braun, Hamilton Syringes & Needles, International Medsurg Connection, C.R. Bard, DeRoyal, MedPro Safety Products (MPSP), and Novo Nordisk,.