Safety Blood Collection Needles Market Report Overview
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Safety Blood Collection Needles Market Size is expected to grow from 1045.8 Million in 2021 to USD 1731 Million by 2028 at a Compound Annual Growth (CAGR) of 7.3% from 2021 to 2028.
Safety blood collection needles are specialized medical devices designed to minimize the risk of needle stick injuries and protect healthcare workers from accidental exposure to blood borne pathogens. These needles incorporate various safety features that help prevent needle stick accidents during blood collection procedures.
These needles have a mechanism that allows the needle to retract into the needle holder or sheath after use. The retractable feature helps prevent accidental needlestick injuries by eliminating the exposed needle. It's important to note that healthcare facilities should follow proper protocols for safe disposal of used needles and adhere to occupational safety guidelines to prevent needlestick injuries. Additionally, healthcare professionals should receive adequate training on the proper use and disposal of safety blood collection needles.
COVID-19 Impact: Pandemic Increased the Market Demand
The COVID-19 pandemic has had a significant impact on the safety blood collection needles market share. The pandemic has brought attention to the importance of infection control and safety measures, including the use of safety blood collection needles. Healthcare facilities and professionals have become more conscious of the risks associated with needle stick injuries, leading to an increased demand for safety devices. Protecting healthcare workers from potential exposure to COVID-19 has become a top priority. Safety blood collection needles, with their needle stick prevention features, have gained more recognition and adoption as part of infection control practices.
Latest Trends
"Growing emphasis on needle stick injury prevention is expected to fuel the growth in the market"
In recent years, there has been a significant increase in the emphasis on preventing needlestick injuries and minimizing the risk of healthcare worker exposure to bloodborne pathogens. Needlestick injuries pose a serious occupational hazard, potentially leading to the transmission of infectious diseases such as HIV, hepatitis B, and hepatitis C. This growing emphasis on needlestick injury prevention has driven the demand for these needles with enhanced safety features. Healthcare organizations and regulatory bodies have recognized the importance of implementing effective measures to protect healthcare workers. As a result, there has been a notable shift towards the adoption of safety devices that can mitigate the risk of needlestick injuries during blood collection procedures. Manufacturers are investing in research and development to improve their design and functionality. The focus is on developing advanced mechanisms such as retractable needles, shielded needles, and other innovative designs that reduce the likelihood of accidental needlestick injuries. These advancements aim to enhance the safety of healthcare workers and create a safer environment for both patients and medical professionals.
Safety Blood Collection Needles Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into soft blood collection needle and rigid blood collection needle.
- By Application Analysis
Based on age, the market can be divided into hospital and clinics, diagnostic centers and others.
Driving Factors
"The stringent occupational safety regulations to foster the market growth"
Stringent occupational safety regulations play a pivotal role in driving the market. Governments and regulatory bodies have established strict guidelines and standards to protect healthcare workers from occupational hazards, including needle stick injuries. These regulations mandate the use of safety devices to minimize the risk of needle stick injuries during blood collection procedures. Compliance with these regulations is a top priority for healthcare facilities and organizations to ensure a safe working environment. Adhering to occupational safety standards not only protects healthcare workers but also helps healthcare facilities avoid legal liabilities and penalties. As a result, there is a growing demand for safety blood collection needles that meet the required safety standards, driving market growth.
"The rising focus on infection control to result in the expansion of the market"
The increasing focus on infection control has significantly influenced the demand for safety blood collection needles. Healthcare-associated infections (HAIs) pose a significant risk to patients, and preventing cross-contamination is a crucial aspect of infection control protocols. They contribute to infection control by minimizing the potential for transmission of blood borne pathogens between patients and healthcare workers. These devices incorporate safety features such as retractable needles, shielded needles, or sliding sheaths, which reduce the risk of contamination and subsequent infections. Healthcare facilities prioritize infection control measures to maintain a safe environment for patients and healthcare workers. The use of safety blood collection needles aligns with these efforts, making them an essential component of infection control strategies. This increased focus on infection control drives the demand for safety blood collection needles in healthcare settings.
Restraining Factors
"Environmental concerns to hamper the market growth"
The disposal of safety blood collection needles, particularly those with additional safety features, may raise environmental concerns. The disposal process should be carefully managed to prevent environmental pollution and ensure proper waste management practices are followed.
Safety Blood Collection Needles Market Regional Insights
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"Asia Pacific to lead the market owing to the rising prevalence of chronic diseases in this region. "
The Asia Pacific region has shown the highest safety blood collection needles market growth. The Asia Pacific region has a high prevalence of chronic diseases, such as diabetes, cancer, and heart disease. These diseases require frequent blood tests, which drives the demand for safety blood collection needles. There is a growing awareness about the importance of safety among healthcare professionals and patients in the Asia Pacific region.
Key Industry Players
"Key players are employing advanced technologies in order to stimulate further growth of the market. "
All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.
List of Market Players Profiled
- BD (Becton, Dickinson and Company) - Headquarters: Franklin Lakes, New Jersey, United States.
- Greiner Bio-One - Headquarters: Kremsmünster, Austria.
- B. Braun - Headquarters: Melsungen, Germany.
- Terumo Corporation - Headquarters: Tokyo, Japan.
- Nipro Corporation - Headquarters: Osaka, Japan.
- Sarstedt - Headquarters: Nümbrecht, Germany.
- Smiths Medical - Headquarters: Minneapolis, Minnesota, United States.
Report Coverage
This report examines an understanding of the safety blood collection needles market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1045.8 Million in 2021 |
Market Size Value By |
US$ 1731 Million by 2028 |
Growth Rate |
CAGR of 7.3% from 2021 to 2028 |
Forecast Period |
2021-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types and Application |
Regional Scope |
Global |