Retractable Needle Market To Reach USD 3.1 Billion By 2026
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
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
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.
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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
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