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Passive Safety Needles Market expanding growth at a CAGR of 7.2% from 2023 to 2032 | insightSLICE

The global Passive Safety Needles market is expected grow at a CAGR of 7.2% between 2023 to 2032.

Benefits of passive safety needles:

Appropriate needle system choice is critical since surgical operations can have an impact on patient satisfaction and increase the likelihood of needlestick injuries (NSIs) that might cause serious or even deadly bloodborne diseases.

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According to the safety-feature activation approach, safety-engineered blood collection equipment can be divided into two major categories: active and passive.

Devices using passive technologies have automated protection mechanisms by design; they don’t need to be activated in a certain way before usage. Thoroughly after handling, active devices need to be activated by a healthcare expert using one or two hands. This is contrary to the normal operations of passive safety needle systems.

Manual shielding and semi-automatic safety systems are other categories into which these items can be categorized. It is crucial to take into account both the device’s usability and the sort of safety feature when selecting the best equipment for a specific clinical scenario.

Healthcare professionals who give medication don’t need to move their hands actively or change their hand posture while using passive safety needles.

When the drug is administered, the systems automatically and instantaneously pull the syringe from the recipient and place it in the syringe’s barrel. The gadget is safer by construction because the needle is never exposed outside of the patient’s body during its entire duration of use.

The key players of the Global Passive Safety Needles Market are:

The market for passive safety needles is extremely diverse and made up of numerous regional, national, and international suppliers. These suppliers provide customers with a wide selection of passive safety needles.

Manufacturers are increasingly striving for customers due to factors like high margins, fewer needle injuries, safety systems, ease of use, technical advances, advertising strategies, and distribution networks.

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The creation and introduction of new products as well as technical developments will increase market competition. Nipro, Yangzhou Medline, BD, Cardinal Health, Terumo, Novo Nordisk, Smiths Medical, DeRoyal, B. Braun, Retractable Technologies, and other market leaders for passive safety needles are listed in this report.

Driving factors for the growth of Global Passive Safety Needles Market

The primary factor that is anticipated to fuel future growth during the anticipated timeframe is the increasing incidence of diseases and the increasing immunization in an effort to fend off chronic illnesses.

The demand for passive safety needles has grown as a result of expanding lifestyle complexity and the rising number of chronic diseases, which have caused large increases in the cost of diagnosis, treatments, and immunizations.

Additionally, a major growth opportunity for the sector has been created by the market for single-use safety needles for improved protection against possible infection from undesirable germs that penetrate the body.

Additionally, a rise in the elderly population and the necessity for safe needles for improved body adaptability both contribute to the market’s expansion. It is also anticipated that significant public investment in the health industry will deliver stable growth.

The establishment and implementation of strict laws and regulations will fuel the market’s potential growth during the predicted time frame.

With the growing acceptance of safety needles, syringes, as well as other safety-engineered medical equipment, the market for passive safety injection needles would rise. The Needlestick Safety and Prevention Act, which lowers both wasteful expenses and needlestick injuries (NSIs) supports.

Global Passive Safety Needles Market Key Segments:

By Product type

  • Automatic Injection
  • Manual Injection

By Application

  • Hospitals
  • Clinics
  • Others

By Geography

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

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Market report for passive safety needles segment:

The Passive Safety Needles market size report includes major key data and explores how the COVID-19 situation has affected various sectors of the safety needle industry in general and passive safety needle in particular. This study also offers important elements that aid in boosting the profitability of a business enterprise.

A clearer understanding of how potential new current products may fit into the sector is provided by the data-rich market study report.

This study report makes it simple to identify target markets and comprehend the industry’s growth and market share. The document gives all relevant data on customers and market competitors and aids businesses in reaching out to specific audiences.

Regional performance of Passive Safety Needles Market

The regions of North America and Asia Pacific are anticipated to account for a sizable portion of the Passive safety needles market. A medical hub has already been developing in the Asia-Pacific region. Americans and individuals from Europe consider that medical care in Asian countries is more affordable and cost-effective than in their own nations.

If the patient receives care in the Asia Pacific region, the average American can save up to 90% of the cost of healthcare. The market for medical tourism will continue to develop thanks to the region’s expanding medical facilities, which will also significantly boost the need for safe needles.

The requirement for passive safety syringes for diagnostic, therapy, and medication administration is expected to expand as a result of the large rise in chronic diseases, particularly cardiovascular disease, and the high percentage of elderly people in the European region.

Hindering factors for growth of Passive Safety Needles Market

However, disposing of needles is a significant issue the passive safety needle sector face. Safety syringes are typically single-use devices, and when they are discarded improperly, they contribute to the contamination of syringes and needles. In response to the increased use of syringes and needles, syringe pollution has grown globally.

Additionally, incorrect needle disposal increases the risk of transmitting infections like hepatitis and HIV. It is anticipated that the expanding markets for passive needles in particular and needles, in general, would cause more pollution, which will worsen the environment. As a result, this has caused anxiety and could limit future growth.

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Last Updated: 10-Jan-2023