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Retractable Needle Market to Exhibit Impressive Growth by 2027

The Global Retractable Needle market was valued at USD 1.7 billion in 2018 and is projected to attain a value of USD 3.0 Billion by the end of the forecast frame in 2026, registering a CAGR of 7.9%. The Industry is expanding at a rapid pace since the past few years. Retractable needle syringes are gaining popularity amongst health workers due to their safety of use and operation. Retractable needle safety syringes are especially seeing increased demand in areas such as sub-Saharan Africa and Asia-Pacific.

KiranGaikwad
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Retractable Needle Market to Exhibit Impressive Growth by 2027

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  1. Retractable Needle Market To Reach USD 3.1 Billion By 2026

  2. Market Summary Increasing number of syringe injuries and greater incidences of chronic diseases across the world, along with high levels of medical development especially in developing regions will drive the market at a high CAGR during the forecast period. Market Size- USD 1.7 Billion in 2018, Market Growth- CAGR of 7.9%, Market trends- rise in needle stick injuries worldwide is boosting the market, where Asia Pacific expected to register the highest CAGR during the forecast period. MEA is also expected to offer significant growth opportunities. According to the current analysis of Reports and Data, the global retractable syringe market was valued at USD 1.7 Billion in 2018 and is expected to reach USD 3.1 Billion by year 2026, at a CAGR of 7.9%. The market for retractable needle is growing out of critical healthcare-worker needs for safety. Further key findings from the report suggest : • A rise in government investments, increasing awareness about retractable needles, improved sources of funding and greater technological and scientific innovations will boost the industry. • By Product, automatic segment occupies the largest share of 68.4% of retractable needle market. • Latin America and Middle East and Africa will be showing an average growth of around 11.2% and 13.7% respectively till 2026. In Africa, the growth will be markedly higher than in many developed countries. www.reportsanddata.com

  3. Key Players: Axel Bio Corporation, Becton Dickinson and Company, DMC Medical Limited, Medtronic Plc, Medigard Limited, Retractable Technologies, Inc., Smith’s Medical Corp, Sol-Millennium Inc., UltiMed, Inc., and Retractable Technologies, Inc. are included in the analysis. Segmentation: • Product (Revenue, USD Million; 2016–2026) ➢ Manual Retractable Needles ➢ Automatic Retractable Needles • Type (Revenue, USD Million; 2016–2026) ➢ Active retraction ➢ Passive retraction • End Use (Revenue, USD Million; 2016–2026) ➢ Clinics ➢ Hospitals ➢ Ambulatory Surgery Centres ➢ Others www.reportsanddata.com

  4. Regional Retractable Needle Market (Regional Output, Demand & Forecast by Countries):- • North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More. www.reportsanddata.com

  5. Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market www.reportsanddata.com

  6. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com www.reportsanddata.com

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