Report ID: SQMIG35B2161
Report ID:
SQMIG35B2161 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
65 |
Figures:
70
Safety Needles Market size was valued at USD 5931.29 Million in 2023 and is poised to grow from USD 6382.07 Million in 2024 to USD 11467.26 Million by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).
The safety needles market is witnessing substantial growth as a result of increasing concerns about needlestick injuries and the transmission of infections in healthcare settings. Safety needles are designed to minimize the risk of accidental needlestick injuries among healthcare professionals during procedures, thereby protecting both the healthcare workers and patients.
The growing adoption of safety needles by hospitals, clinics, and other healthcare facilities is driven by stringent regulations and guidelines implemented by governments and healthcare organizations to ensure the safety of healthcare workers. Additionally, rising awareness about the importance of needle safety and the benefits of using safety needles is contributing to market growth.
Advancements in needle safety technologies, such as retractable and passive safety features, are further boosting market expansion. Moreover, the increasing prevalence of chronic diseases and the subsequent rise in the number of injections administered are propelling the demand for safety needles.
Geographically, North America and Europe are leading the safety needles market due to well-established healthcare systems and stringent safety regulations. However, the Asia-Pacific region is expected to witness significant growth during the forecast period due to increasing healthcare infrastructure development and rising awareness about needlestick injuries. Overall, the safety needles market is poised to experience continued growth in the coming years, driven by the need for enhanced needle safety and infection control in healthcare settings.
US Safety Needles Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35B2161