BusinessIndustryReports has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Safety Needles Market” Research Report 2019 provides an in-depth analysis of the Safety Needles with the forecast of market size and growth. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house).The research study examines the Safety Needles on the basis of a number of criteria, such as the product type, application, and its geographical presence.
Global Safety Needles Market Overview:
This report studies the Global Safety Needles Market over the forecast period of 2019 to 2025. The Global Safety Needles Market is growing continuously and expected to grow healthy CAGR by Forecast year 2025.
As per the research report, the Safety Needles are utilized across many medical facilities in various applications which include vaccination, drug delivery and blood specimen collection. These are also utilized to administer drugs & withdraw fluids from the individual’s 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.
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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.
The Global Safety Needles Market is segmented on the basis of Product Type, End-User and Region. Based on the Product Type, the Global Safety Needles Market is classified into Active Safety Needles and Passive Safety Needles. On the basis of End-User, the Global Safety Needles Market is sub-segmented into Hospitals, Diabetic Patients, Family Practices, Psychiatrics and others.
In terms of the regional analysis, Asia-Pacific is the 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 over the forecast period 2018-2025 due to increasing demand of safety needles in the region.
Current Big News:
Medtronic plc () – Medtronic Announces Reimbursement in Germany for MiniMed 670G Insulin Pump System for Individuals with Type 1 Diabetes – Medtronic plc, the global leader in medical technology, services and solutions, today announced it has secured reimbursement for the MiniMed 670G insulin pump system with the German Federal Association of the Statutory Health Insurances (GKV-SV). The MiniMed 670G system is the only commercially available technology in the world that personalizes the delivery of basal insulin 24 hours a day based on real-time insulin needs, to maximize Time in Range for an individual living with type 1 diabetes. Time in Range is defined as the percentage of time spent in the optimal glycemic range of 70-180 mg/dL.
“We have already seen the difference the MiniMed 670G system has had for tens of thousands of people living with type 1 diabetes across the world who are now experiencing better clinical and quality of life outcomes,” said Dr. Robert Vigersky, chief medical officer, Global Medical and Clinical Affairs for the Diabetes Group at Medtronic. “Reimbursement in Germany will increase the access of this life-changing technology to more individuals who would benefit from it.”
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Major Key Players:
1 B Braun Melsungen AG
2 Becton, Dickinson, and Company
3 Johnson & Johnson
4 Medtronic PLC
5 Nipro Corporation
6 Novo Nordisk
7 Smith’s Group PLC and More……………..
Region segment: Safety Needles Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Safety Needles in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Safety Needles Market Report 2019
1 Executive Summary
2 Safety Needles Market Definition and Scope
3 Safety Needles Market Dynamics
4 Safety Needles Market Industry Analysis
5 Safety Needles Market, by Product
6 Safety Needles Market, by End-User
7 Safety Needles Market, by Regional Analysis
8 Competitive Intelligence
9 Research Process
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