Market Overview:
The global retractable needle market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of blood-borne infections, growing demand for minimally invasive surgeries, and rising number of surgical procedures. Based on type, the global retractable needle market is segmented into automatic retractable needles, manual retractable needles, and spring loaded retractable needles. The automatic retraction type is expected to grow at a higher CAGR during the forecast period as compared to other types due its advantages such as easy handling and prevention of accidental needlesticks injuries. Based on application, the global retractable needle market is segmented into hospitals, clinics, ambulatory surgery centers (ASCs), and others (research laboratories & institutes). Hospitals are expected to account for a major share of the global retracted needle market in 2018 owing to increasing number of surgical procedures being performed in these settings.
Product Definition:
A retractable needle is a type of syringe in which the needle is housed inside the barrel of the syringe and protected from contact with other objects. The advantage to this design is that it eliminates the need for a cap or shield to cover the sharp end of the needle and protect against accidental punctures.
Automatic Retractable Needle:
The automatic retractable needle is used to inject a drug or medication into the patient's vein. The term “automatic” in the name of this device refers to its ability to work without any manual intervention. It has an advanced technology which helps it achieve just that, automatic functioning.
Manual Retractable Needle:
Manual retractable needle is a device used for injecting or extracting fluid from a patient's vein. It is an old medical technology which has been in use for many years. The manual retractable needle consists of two parts, namely the hub and the shaft.
Application Insights:
Based on application, the market is segmented into hospitals, clinics, ambulatory surgery centers and others. The other applications include laboratories and home healthcare. Retractable needles are used in various applications including laboratories and home healthcare due to their ease of use. In addition, they are also used in medical procedures such as injections at home or at a patient¢â‚¬â„¢s place of residence which has led to an increased demand for this product type over the past few years.
The others segment includes laboratory workstations, diagnostic imaging rooms and other medical facilities such as urgent care centers that do not have their own operating rooms but still require retractable needle devices for usage during certain medical procedures or surgeries performed there.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of chronic diseases, such as diabetes and cancer, which require regular blood transfusion. In addition, technological advancements for minimally invasive surgeries are expected to drive the demand for retractable needles over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions due to rising healthcare expenditure and improving access to healthcare facilities in countries such as China and India. Moreover, an increase in investments by international manufacturers is anticipated to boost product sales over the forecast period. For instance, B Braun Melsungen AG invested approximately USD X million from 2014 till 2016 on research & development activities pertaining Retractable Needle System (RNS) that can be used for various medical applications including IV cannulation devices with a retractable needle system at hospitals & clinics settings (B Braun Health Care GmbH). Such factors are likely contribute toward regional growth during future years as well.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily owing to the increasing preference for minimally invasive procedures over traditional open surgery procedures, due to their shorter recovery time and lesser surgical trauma. Retractable needle systems are ideally suited for use in minimally invasive surgeries as they offer a less traumatic and more accurate means of accessing target tissues than traditional needles.
- Growing demand for single-use medical devices: The global market for single-use medical devices is expected to grow at a CAGR of 9% from 2016 to 2021. This growth can be attributed to the increasing focus on patient safety, rising healthcare costs, and the growing trend of outsourcing clinical services. Single-use retractable needles offer several advantages over reusable needles such as reduced risk of cross contamination and improved patient safety due to their disposable nature.
Scope Of The Report
Report Attributes
Report Details
Report Title
Retractable Needle Market Research Report
By Type
Automatic Retractable Needle, Manual Retractable Needle, Spring Loaded Retractable Needle
By Application
Hospitals, Clinics, Ambulatory Surgery Centers, Others
By Companies
BD, Retractable Technologies, Numedico, Smiths Group, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Retractable Needle Market Report Segments:
The global Retractable Needle market is segmented on the basis of:
Types
Automatic Retractable Needle, Manual Retractable Needle, Spring Loaded Retractable Needle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgery Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BD
- Retractable Technologies
- Numedico
- Smiths Group
- Medtronic
Highlights of The Retractable Needle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic Retractable Needle
- Manual Retractable Needle
- Spring Loaded Retractable Needle
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Retractable Needle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Retractable needles are a type of medical device that can be pulled out after use. They are often used to draw blood or take other samples from the body.
Some of the key players operating in the retractable needle market are BD, Retractable Technologies, Numedico, Smiths Group, Medtronic.
The retractable needle market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Retractable Needle Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Retractable Needle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Retractable Needle Market - Supply Chain
4.5. Global Retractable Needle Market Forecast
4.5.1. Retractable Needle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Retractable Needle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Retractable Needle Market Absolute $ Opportunity
5. Global Retractable Needle Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Retractable Needle Market Size and Volume Forecast by Type
5.3.1. Automatic Retractable Needle
5.3.2. Manual Retractable Needle
5.3.3. Spring Loaded Retractable Needle
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Retractable Needle Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Retractable Needle Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgery Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Retractable Needle Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Retractable Needle Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Retractable Needle Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Retractable Needle Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Retractable Needle Demand Share Forecast, 2019-2026
9. North America Retractable Needle Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Retractable Needle Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Retractable Needle Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Ambulatory Surgery Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Retractable Needle Market Size and Volume Forecast by Type
9.7.1. Automatic Retractable Needle
9.7.2. Manual Retractable Needle
9.7.3. Spring Loaded Retractable Needle
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Retractable Needle Demand Share Forecast, 2019-2026
10. Latin America Retractable Needle Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Retractable Needle Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Retractable Needle Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Ambulatory Surgery Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Retractable Needle Market Size and Volume Forecast by Type
10.7.1. Automatic Retractable Needle
10.7.2. Manual Retractable Needle
10.7.3. Spring Loaded Retractable Needle
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Retractable Needle Demand Share Forecast, 2019-2026
11. Europe Retractable Needle Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Retractable Needle Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Retractable Needle Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Ambulatory Surgery Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Retractable Needle Market Size and Volume Forecast by Type
11.7.1. Automatic Retractable Needle
11.7.2. Manual Retractable Needle
11.7.3. Spring Loaded Retractable Needle
11.8. asis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Retractable Needle Demand Share, 2019-2026
12. Asia Pacific Retractable Needle Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Retractable Needle Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Retractable Needle Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Ambulatory Surgery Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Retractable Needle Market Size and Volume Forecast by Type
12.7.1. Automatic Retractable Needle
12.7.2. Manual Retractable Needle
12.7.3. Spring Loaded Retractable Needle
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Retractable Needle Demand Share, 2019-2026
13. Middle East & Africa Retractable Needle Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Retractable Needle Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Retractable Needle Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Ambulatory Surgery Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Retractable Needle Market Size and Volume Forecast by Type
13.7.1. Automatic Retractable Needle
13.7.2. Manual Retractable Needle
13.7.3. Spring Loaded Retractable Needle
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Retractable Needle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Retractable Needle Market: Market Share Analysis
14.2. Retractable Needle Distributors and Customers
14.3. Retractable Needle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BD
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Retractable Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Numedico
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Smiths Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Medtronic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook