About Needle Destroyer
Needle destroyer is a device used to destroy the used disposable needles. It is a portable device that sterilizes the destroyed needles for total safety. Needle destroyer market is expected to grow in the future due to the rising use of needled series and increasing needle stick injuries. Electric needle destroyer is trending in the needle destroyer market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that India Players will contribute the maximum growth to Global Needle Destroyer market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amkay Products Private Limited (India), Cecon Pollutech Systems Pvt. Ltd. (India), GPC Medical Ltd.(India), Invitro Biotech ltd. (India), N.R. Surgicals.(India), Surgitech (India), Jiangsu Yuli Medical Instrument Co., Ltd. (China) and Qingdao Joyjun Medical Products Co., Ltd (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Needle Destroyer market by Type (Electrical Needle Destroyer and Manual Needle Destroyer), Application (Hospital, Ambulatory Surgical Center, Diagnostic laboratories, HME and DME companies and Others) and Region.
On the basis of geography, the market of Needle Destroyer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Needle Destroyer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Usage of Electric Needle Destroyer in Clinics and Hospitals
Market Growth Drivers:
Rising Incidences of Sharps and Needle Stick Injuries and Increasing the Risk of Pathogen Transmission from Needle Injuries
Challenges:
Fluctuation in the Price of Raw Material
Restraints:
Stringent Government Regulation
Opportunities:
Rising Concerns of Occupational Exposure to Blood-Borne Viruses, Research and Development Activites for Better Needle Destroyer and Growth in Healthcare Infrastructure Development in Developing Countries
Market Leaders and their expansionary development strategies
In February 2024, U.S. Surgitech secured a three-year contract with Premier, Inc. in the laparoscopic surgical instruments segment. The agreement featured U.S. Surgitech's SurgyCut and SurgyNeedle product lines. SurgyNeedle, a fully disposable aspiration needle available in different gauges, addressed the longstanding issues associated with reusable aspiration needles in operating rooms. By eliminating the need for reprocessing and the associated infection risks, SurgyNeedle ensured a safer surgical environment.
In March 2024, Hindustan Syringes and Medical Devices (HMD), one of the leading manufacturers of disposable and auto-disable syringes, has launched of Dispojekt, an indigenous single-use safety syringe to reduce instances of needle stick injuries. A needle stick injury (NSI) is an accidental skin-penetrating stab wound from a hollow-bore needle containing another person's blood or body fluid
Key Target Audience
Needle Destroyer Manufactures, Needle Destroyer Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Healthcare Industry and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.