Needle Destroyer Market Size By Product (Needle Syringe Destroyer and Electrical needle Burner), By End-User (Clinics, Home Care Settings, Hospitals, Diagnostic Laboratories and Others), Regions, Segmentation, and Projection till 2030
CAGR: 5.4%Current Market Size: USD 6190.04 MillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
Global Needle Destroyer Market- Market Overview:
The Global Needle Destroyer market is expected to grow from USD 6190.04 million in 2022 to USD 9427.9 million by 2030, at a CAGR of 5.4% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for the proper disposal of biomedical waste generated from healthcare sectors.
The needle destroyer is a compact, electrically operated device designed to destroy used disposable needles and syringes in hospitals. More occupational health issues are expected to drive healthcare personnel to seek needle destroyers. Healthcare settings install needle destroyers to facilitate the disposal of used needles and the destruction of disposable syringe nozzles, ensuring a safe environment for visitors, staff, and patients and minimizing the risk of infection or harm caused by physical contact with these sharp objects. Needles fall under the category of biomedical waste, which is made up of sharp objects, such as plastic, glass, blades, knives, syringes, etc., for which safe practices are applied to provide a safe environment for the patients and staff members. Managing biomedical waste correctly is crucial for preventing the spread of infections caused by used needles and syringes. Sharps destruction devices will use a large number of needles during the operation. An estimated 17 billion single needles are used worldwide, making up a large portion of biomedical waste that needs to be disposed of safely. As compared to other sharps destruction devices, reusable systems carry a large share and will continue to do so throughout the Projection period impacting the market growth. Moreover, it is hoped that increased awareness of the benefits of needle destroyers in clinics, nursing homes etc., will encourage leading companies to expand their penetration into these untapped markets.
Sample Request: - Global Needle Destroyer Market
Market Dynamics:
Drivers:
- Rising awareness regarding the proper disposal of used needles
The needle destroyer market is witnessing huge demand from the healthcare sector for properly disposal of used needles. Needle destroyers dispose of the used needles, which are proven to help create a safe environment for patients, staff members and visitors. In addition to this needle, destroyers also play a key role in waste management from used needles. Medical facilities, home care settings, diagnostic centres etc., are expected to increase investments in needle-destroyer machines in the coming years, which will contribute to needle-destroyer market growth.
Restraints:
- Inadequate knowledge about the needle destroyers
There is a big challenge ahead for the needle destroyer market in increasing safety practices. However, the lack of detectable feelings when using certain tools, as well as technical inadequacies, such as slow flashbacks, will restrain needle destroyer market growth over the Projection period. Lack of awareness about the disposal of needles and syringes and inadequate knowledge about the spread of infections via used needles are hampering the growth of the market, which needs to be resolved.
Opportunities:
- Investment in needle destroyers by various key players
Several key market players within the global Needle Destroyer sector are now actively establishing joint ventures, and acquisitions to expand their respective consumer bases. Consequently, they will be able to expand their given target audiences on both a global and a domestic scale, thus increasing their revenue. Continuous developments in the needle destroyers’ market to make the device more user-friendly, cost-effective, efficient and acceptable are opening new opportunities for the market, which ultimately boosts the growth of the needle destroyer market.
Challenges:
- Alternatives available in the market
The demand for needle destroyers is rising because of their benefits in end-user applications but the availability of other alternatives which are easily available in the market hampering the growth of the needle destroyer market. Moreover, the reusability of sharps destruction devices is estimated to take up a large portion of the sharp’s destruction market compared to other devices during the Projection period.
Segmentation Analysis:
The global needle destroyer market has been segmented based on product, end-user, and region.
By Product
The product segment includes needle syringe destroyer and electrical needle burner. The electrical needle burner segment led the largest share of the needle destroyer market with a market share of around 57.2% in 2022. Electrical needle burners are likely to go through a period of innovation with the increased demand to prevent the re-use of syringes and accidental needle-stick injuries propelling the growth of the market. Additionally, it could contribute to the management of waste against unsafe sharps.
By End-User
The end-user segment includes clinics, home care settings, hospitals, diagnostic laboratories and others. The hospitals’ segment led the largest share of the needle destroyer market with a market share of around 29.2% in 2022. The increased adoption of sharp needle destruction devices in hospitals to ensure patient, visitor and staff safety boosts the growth of the needle destroyer market. Moreover, hospitals typically look for needle destroyers that are economical, safe, and environmentally friendly which will boost the growth of the market.
Global Needle Destroyer Market- Sales Analysis.
The sale of needle destroyers expanded at a CAGR of 5.2% from 2016 to 2022.
Medical institutions, blood banks, labs etc., are expected to increase their investments in needle destroyers over the next few years, contributing to the needle destroyer market's growth. Injuries caused by sharp objects and fears of pathogen transmission will increase needle destroyer usage. The growing concern about occupational exposure to bloodborne viruses could also lead to needle destroyer market growth. In hospitals, nursing homes etc., Increasing awareness of the benefits of needle destroyers will encourage leading companies to expand their market penetration, boosting the market growth. With needle destroyers becoming more popular, hospitals may be looking for a safe, cost-effective, eco-friendly and portable way to safely dispose of used syringes.
Thus, owing to the aforementioned factors, the global needle destroyer market is expected to grow at a CAGR of 5.4% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the needle destroyer market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the flame-resistant fabric market and held a 38.6% share of the market revenue in 2022.
- The North American region witnessed a major share. Increasing health risks associated with needles, such as infectious diseases, accidental punctures, and blood-borne viruses, are driving the market growth in the region. The use of needle destroyer devices is highly prevalent in U.S. hospitals to reduce risks associated with needles, including pathogen transmission, accidental punctures, and exposure to blood-borne viruses. Moreover, during the Projection period, North American needle destroyer market growth will be fueled by novel advances made by major players in the industry.
- Asia Pacific is anticipated to experience significant growth during the predicted period. Due to changing lifestyles, rising cases of infection due to biomedical waste, rapid population growth, adoption of the western lifestyle, and increased research and development, the Asia Pacific needle destroyer market is also expected to grow rapidly.
Global Needle Destroyer Market- Country Analysis:
- Germany
Germany's needle destroyer market size was valued at USD 479.7 million in 2021 and is expected to reach USD 747.42 million by 2029, at a CAGR of 5.7% from 2023 to 2030.
Over the Projection period, major players will continue to develop novel technologies to drive needle destroyer market growth in Germany. The rising cases of infection through biomedical waste are propelling the use of needle destroyers which is eventually helping the needle destroyer market to grow in the country.
- China
China’s needle destroyer market size was valued at USD 505.33 million in 2021 and is expected to reach USD 781.42 million by 2029, at a CAGR of 5.6% from 2023 to 2030.
A large healthcare infrastructure investment in the country, along with rising awareness of biomedical waste disposal in order to prevent the spread of infections through biomedical waste, supports the needle destroyer market's growth.
- India
India's needle destroyer market size was valued at USD 388.7 million in 2021 and is expected to reach USD 596.5 million by 2029, at a CAGR of 5.5% from 2023 to 2030.
Growing awareness about proper biomedical waste disposal for a safe environment, as well as investment in research and development, are propelling the market in the country. In addition, the rising awareness about the use of needle destroyers in the healthcare sector to make the surroundings clean and safe accounts for a major share in the growth of the market.
Key Industry Players Analysis:
To increase their market position in the global needle destroyer business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
- Cecon Pollutech Systems Pvt. Ltd.
- COSMO SCIENTIFIC TRADERS
- GPC Medical Ltd
- Lab-Line Equipment
- Invitro Biotech ltd.
- Amkay
- Black Smith Surgical
- Surgipro, Inc.
- Ambler Surgical
- Millennium Surgical Corp
- Bornemann Maschinenbau GmbH
- Surgicals
- Products Pvt. Ltd.
- Orient Surgical
- Naugra Medical Lab Equipments
- Saratech Equipment
Latest Development:
- In December 2020, it has been announced that Becton, Dickinson, and Company plans to inject USD 1.2 billion into the manufacturing capacity of pre-fillable syringes over the next four years.
Report Metrics
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Report Attribute |
Details |
|
Study Period |
2022-2030 |
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Base year |
2022 |
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CAGR (%) |
5.4% |
|
Market Size |
6190.04 million in 2022 |
|
Projection period |
2023-2030 |
|
Projection unit |
Value (USD) |
|
Segments covered |
By Product, By End-User, and By Region. |
|
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
|
Companies covered |
Cecon Pollutech Systems Pvt. Ltd., COSMO SCIENTIFIC TRADERS, GPC Medical Ltd, Lab-Line Equipment, Invitro Biotech ltd., Amkay, Black Smith Surgical, Surgipro, Inc., Ambler Surgical, Millennium Surgical Corp, Bornemann Maschinenbau GmbH, R. Surgicals, Products Pvt. Ltd., Orient Surgical, Naugra Medical Lab Equipments, and Saratech Equipment. |
|
By Product |
|
|
By End-User |
|
|
Regional scope |
|
Scope of the Report
Global Needle Destroyer Market by Product:
- Needle Syringe Destroyer
- Electrical needle Burner
Global Needle Destroyer Market by End-User:
- Clinics
- Home Care Settings
- Hospitals
- Diagnostic Laboratories
- Others
Global Needle Destroyer Market by Region:
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Asia-Pacific
- Japan
- China
- India
- Korea
- Southeast Asia
- South America
- Brazil
- Peru
- Middle East and Africa
- UAE
- South Africa
- Saudi Arabia
Frequently Asked Questions
What will be the expected market size of the needle destroyer market in 2030?
Global Needle Destroyer market is expected to reach USD 9427.9 million by 2030, at a CAGR of 5.4% from 2023 to 2030.
What are the driving factors of the needle destroyer market?
Advancements in needle destroyers by various key players and rising awareness regarding the proper disposal of used needles will propel the market's growth.
Which region will witness more growth in the needle destroyer market?
North American region will witness more growth in the needle destroyer market.
Which are the leading market players active in the needle destroyer market?
Cecon Pollutech Systems Pvt. Ltd., COSMO SCIENTIFIC TRADERS, GPC Medical Ltd, Lab-Line Equipment, Invitro Biotech ltd., Amkay, Black Smith Surgical, Surgipro, Inc., Ambler Surgical, Millennium Surgical Corp, Bornemann Maschinenbau GmbH, R. Surgicals, Products Pvt. Ltd., Orient Surgical, Naugra Medical Lab Equipments, and Saratech Equipment among others.
What is the current market size of Needle Destroyer Market?
Global Needle Destroyer market size is USD 6190.04 million in 2022
Political Factors- The frequency of changes to government policies and laws is referred to as uncertainty in the political environment. Regular policy changes have an impact on corporate performance and increase decision-making difficulty owing to ongoing ambiguity. In order to quickly adapt to changing policies, the needle destroyer market should actively monitor the political landscape and adjust the strategic priorities in line with this. Because of the democracy that underpins the existing form of government, the needle destroyer market may operate in a favourable climate. The democratic governance system, which encourages entrepreneurship and free trade, offers needle destroyer market economic freedom.
Economic Factors- The workforce's abilities and skills have a significant impact on needle destroyer market performance. To remain competitive, the needle destroyer market needs talented personnel to be available when they are needed. needle destroyer market needs to examine the trends in both the supply and demand for labour in order to comprehend how to effectively hire individuals with the necessary skill set. needle destroyer market may experience a number of issues as a result of a restrictive labour market and strong worker unions. For instance, it can put pressure on the needle destroyer market to grant an unjust wage increase or might halt production by calling for a strike.
Social Factors- Every nation has its own distinct cultural norms, values, and traditions that influence how people behave as consumers. Lack of flexibility to modify product/service offerings in accordance with regional cultural customs might seriously affect the company. To learn about local consumers, the needle destroyer market must perform significant research. The management of the needle destroyer market may find it challenging to comprehend the nuanced cultural differences because they are a multinational company from a culturally remote home market. For this reason, the needle destroyer market can create a commercial relationship with regional market participants that could provide in-depth knowledge about cultural norms and values that affect how customers perceive and interact with the brand.
Technological Factors- The research and development trend in the selected industry or region shows how proactive businesses are in introducing cutting-edge solutions for customer needs. needle destroyer market must improve its comprehension of how new technological advancements can help the company in addition to offering customers value. In markets defined by disruptive technology, significant investment in research and development efforts would be necessary. However, it is crucial for the needle destroyer market to have a long-term perspective and not anticipate a quick payoff from its R&D efforts.
Environmental Factors- The development of renewable technology to lessen reliance on natural resources has become a strong trend in many industries. To capitalise on this environmental trend, the needle destroyer market should assess how well a nation's technology infrastructure supports the adoption of renewable technologies. Governments in certain parts of the world provide enticing incentives for the use of renewable energy sources. By utilising the opportunity, the needle destroyer market can invest in renewable energy sources to meet its goals for sustainable economic growth.
Legal Factors- The development of renewable technology to lessen reliance on natural resources has become a strong trend in many industries. To capitalise on this environmental trend, needle destroyer market should assess how well a nation's technology infrastructure supports the adoption of renewable technologies. Governments in certain parts of the world provide enticing incentives for the use of renewable energy sources. By utilising the opportunity, needle destroyer market can invest in renewable energy sources to meet its goals for sustainable economic growth.
- Introduction
- 1. Objectives of the Study
- 2. Market Definition
- 3. Research Scope
- Research Methodology and Assumptions
- Executive Summary
- Premium Insights
- 1. Porter’s Five Forces Analysis
- 2. Value Chain Analysis
- 3. Top Investment Pockets
- 3.1. Market Attractiveness Analysis By Product
- 3.2. Market Attractiveness Analysis By End-User
- 3.3. Market Attractiveness Analysis By Region
- 4. Industry Trends
- Market Dynamics
- 1. Market Evaluation
- 2. Drivers
- 2.1. Rising awareness regarding the proper disposal of used needles
- 3. Restraints
- 3.1. Inadequate knowledge about the needle destroyers
- 4. Opportunities
- 4.1. Advancements in needle destroyers by various key players
- 5. Challenges
- 5.1. Alternatives available in the market
- Global Needle Destroyer Market Analysis and Projection, By Product
- 1. Segment Overview
- 2. Needle Syringe Destroyer
- 3. Electrical needle Burner
- Global Needle Destroyer Market Analysis and Projection, By End-User
- 1. Segment Overview
- 2. Clinics
- 3. Home Care Settings
- 4. Hospitals
- 5. Diagnostic Laboratories
- 6. Others
- Global Needle Destroyer Market Analysis and Projection, By Regional Analysis
- 1. Segment Overview
- 2. North America
- 2.1. U.S.
- 2.2. Canada
- 2.3. Mexico
- 3. Europe
- 3.1. Germany
- 3.2. France
- 3.3. U.K.
- 3.4. Italy
- 3.5. Spain
- 4. Asia-Pacific
- 4.1. Japan
- 4.2. China
- 4.3. India
- 5. South America
- 5.1. Brazil
- 6. Middle East and Africa
- 6.1. UAE
- 6.2. South Africa
- Global Needle Destroyer Market-Competitive Landscape
- 1. Overview
- 2. Market Share of Key Players in the Needle Destroyer Market
- 2.1. Global Company Market Share
- 2.2. North America Company Market Share
- 2.3. Europe Company Market Share
- 2.4. APAC Company Market Share
- 3. Competitive Situations and Trends
- 3.1. Technology Launches and Developments
- 3.2. Partnerships, Collaborations, and Agreements
- 3.3. Mergers & Acquisitions
- 3.4. Expansions
- Company Profiles
- Cecon Pollutech Systems Pvt. Ltd.
- 1.1. Business Overview
- 1.2. Company Snapshot
- 1.3. Company Market Share Analysis
- 1.4. Company Technology Portfolio
- 1.5. Recent Developments
- 1.6. SWOT Analysis
- COSMO SCIENTIFIC TRADERS
- 2.1. Business Overview
- 2.2. Company Snapshot
- 2.3. Company Market Share Analysis
- 2.4. Company Technology Portfolio
- 2.5. Recent Developments
- 2.6. SWOT Analysis
- GPC Medical Ltd
- 3.1. Business Overview
- 3.2. Company Snapshot
- 3.3. Company Market Share Analysis
- 3.4. Company Technology Portfolio
- 3.5. Recent Developments
- 3.6. SWOT Analysis
- Lab-Line Equipment
- 4.1. Business Overview
- 4.2. Company Snapshot
- 4.3. Company Market Share Analysis
- 4.4. Company Technology Portfolio
- 4.5. Recent Developments
- 4.6. SWOT Analysis
- Invitro Biotech ltd.
- 5.1. Business Overview
- 5.2. Company Snapshot
- 5.3. Company Market Share Analysis
- 5.4. Company Technology Portfolio
- 5.5. Recent Developments
- 5.6. SWOT Analysis
- Amkay
- 6.1. Business Overview
- 6.2. Company Snapshot
- 6.3. Company Market Share Analysis
- 6.4. Company Technology Portfolio
- 6.5. Recent Developments
- 6.6. SWOT Analysis
- Black Smith Surgical
- 7.1. Business Overview
- 7.2. Company Snapshot
- 7.3. Company Market Share Analysis
- 7.4. Company Technology Portfolio
- 7.5. Recent Developments
- 7.6. SWOT Analysis
- Surgipro, Inc.
- 8.1. Business Overview
- 8.2. Company Snapshot
- 8.3. Company Market Share Analysis
- 8.4. Company Technology Portfolio
- 8.5. Recent Developments
- 8.6. SWOT Analysis
- Ambler Surgical
- 9.1. Business Overview
- 9.2. Company Snapshot
- 9.3. Company Market Share Analysis
- 9.4. Company Technology Portfolio
- 9.5. Recent Developments
- 9.6. SWOT Analysis
- Millennium Surgical Corp
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Bornemann Maschinenbau GmbH
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Surgicals
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Products Pvt. Ltd.
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Orient Surgical
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Naugra Medical Lab Equipments
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Saratech Equipment
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Technology Portfolio
- Recent Developments
- SWOT Analysis
- Cecon Pollutech Systems Pvt. Ltd.
List of Table
- Global Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Global Needle Syringe Destroyer, Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- Global Electrical needle Burner, Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- Global Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Global Clinics, Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- Global Home Care Settings, Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- Global Hospitals, Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- Global Diagnostic Laboratories, Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- Global Others, Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- Global Needle Destroyer Market, By Region, 2023–2030 (USD Million)
- North America Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- North America Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- USA Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- USA Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Canada Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Canada Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Mexico Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Mexico Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Europe Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Europe Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Germany Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Germany Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- France Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- France Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- UK Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- UK Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Italy Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Italy Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Spain Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Spain Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Asia Pacific Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Asia Pacific Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Japan Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Japan Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- China Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- China Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- India Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- India Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- South America Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- South America Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Brazil Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Brazil Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- Middle East and Africa Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- Middle East and Africa Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- UAE Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- UAE Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
- South Africa Needle Destroyer Market, By Product, 2023–2030 (USD Million)
- South Africa Needle Destroyer Market, By End-User, 2023–2030 (USD Million)
List of Figures
- Global Needle Destroyer Market Segmentation
- Needle Destroyer Market: Research Methodology
- Market Size Estimation Methodology: Bottom-Up Approach
- Market Size Estimation Methodology: Top-Down Approach
- Data Triangulation
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Global Needle Destroyer Market Attractiveness Analysis By Product
- Global Needle Destroyer Market Attractiveness Analysis By End-User
- Global Needle Destroyer Market Attractiveness Analysis By Region
- Global Needle Destroyer Market: Dynamics
- Global Needle Destroyer Market Share By Product (2023 & 2030)
- Global Needle Destroyer Market Share By End-User (2023 & 2030)
- Global Needle Destroyer Market Share by Regions (2023 & 2030)
- Global Needle Destroyer Market Share by Company (2021)
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