The report covers forecast and analysis for the Needle Destroyer market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the Needle Destroyer market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Needle Destroyer market on a global level. In order to give the users of this report a comprehensive view on the Needle Destroyer market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Product, End user, and regional segments are benchmarked based on their market size, growth rate and general attractiveness.
According to the report, global demand for Needle Destroyer Market was valued at approximately USD 5,015.7 Million in 2018, and is expected to generate revenue of around USD 7,156.8 Million by end of 2025, growing at a CAGR of around 5.38 % between 2018 and 2025.
Needle syringe destroyer is an electrical device designed to easily destroy the disposable needles used and cut down the disposable syringe nozzles. It is used in hospitals, nursing homes, clinics, medical laboratories and pathology laboratories etc. Several types of needles are used throughout the course of operation, with an estimated seventeen billion injections being ordered worldwide each year, with needles being the largest segment for sharp waste to be used for Sharps destruction devices. Although, according to the Food and Drug Administration (FDA), with special control, the health risks associated with needle destroyers can be reduced, making the devices safe and efficient. The FDA proposed reclassification of needle destroyer devices in November 2017 and renamed them as "sharp needle destroyer devices," from a Class III device to Class II (special controls).
The study provides a decisive view on the Needle Destroyer market by segmenting the market based on Product, End user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on Product, the market is segmented into electrical needle burner and needle syringe destroyer. During the forecast period, the Electrical Needle Burner section will have a significant revenue volume. The device can be used in only 3 seconds to remove various sizes of the syringes and needles already used. This equipment offers several benefits such as ease of use, light weight and compact design. Therefore, in order to avoid the risk caused by needles, the electrical needle destroyer is extensively used in clinics and hospitals, thereby encouraging segment progress over the projected timeframe.
Based on the End user segment, the market is bifurcated into hospitals, ASC’s, Diagnostic laboratories, HME and DME companies and others. Due to the increasing introduction of sharp needle destruction tools, the segment of hospitals would show significant growth over the study forecast period to provide a safe environment for patients, staff and visitors in these facilities. The presence of well-equipped and advanced devices in these amenities can be attributed to high growth. As a result, patients usually prefer to receive treatments from hospitals, thus boosting segment growth in the years to come.
The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America needle destroyer market over the forecast period is likely to predict a lucrative market growth. In the U.S. hospital settings, needle destroyer devices are highly deployed to reduce the health risks associated with needle such as pathogen transmission, accidental puncture, and blood-borne virus exposure. Also, the US FDA stated that by implementing needle destroyers with special controls, safety and effective practices, health risks are reduced. So, the rising North America Market growth will be boosted by FDA approvals. In addition, rising novel advances by major players in the industry will drive market growth in the North America needle destroyer over the projected period.
In addition, growing concerns about occupational exposure to blood-borne viruses are likely to create opportunities for market growth in needle destroyers. The loss of measurable sensation during the use of certain apps, however, and technical inadequacies such as sluggish flashback are probable to pose as a constraint to market growth. Reusable systems on the needle destroyer market owes a large share relative to other needle destroyer products and will affect throughout the forecast period, market dynamics could still be challenged with various working factors. Because it is a growing market with a small range of items, it provides a clear opportunity for further new investment to boost the needle destroyer business.
Key players within global Needle Destroyer market include Ambler Surgical, Bornemann Maschinenbau GmbH, Black Smith Surgical, Surgipro, Millennium Surgical Corp etc. amongst others.
The report segments global Needle Destroyer market as follows:
Global Needle Destroyer Market: Product Segment Analysis
Global Needle Destroyer Market: End user Segment Analysis
Global Needle Destroyer Market: Regional Segment Analysis
According to the report, global demand for Needle Destroyer Market was valued at approximately USD 5,015.7 Million in 2018, and is expected to generate revenue of around USD 7,156.8 Million by end of 2025, growing at a CAGR of around 5.38 % between 2018 and 2025.
Needle syringe destroyer is an electrical device designed to easily destroy the disposable needles used and cut down the disposable syringe nozzles. It is used in hospitals, nursing homes, clinics, medical laboratories and pathology laboratories etc. Several types of needles are used throughout the course of operation, with an estimated seventeen billion injections being ordered worldwide each year, with needles being the largest segment for sharp waste to be used for Sharps destruction devices. Although, according to the Food and Drug Administration (FDA), with special control, the health risks associated with needle destroyers can be reduced, making the devices safe and efficient. The FDA proposed reclassification of needle destroyer devices in November 2017 and renamed them as "sharp needle destroyer devices," from a Class III device to Class II (special controls).
The study provides a decisive view on the Needle Destroyer market by segmenting the market based on Product, End user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on Product, the market is segmented into electrical needle burner and needle syringe destroyer. During the forecast period, the Electrical Needle Burner section will have a significant revenue volume. The device can be used in only 3 seconds to remove various sizes of the syringes and needles already used. This equipment offers several benefits such as ease of use, light weight and compact design. Therefore, in order to avoid the risk caused by needles, the electrical needle destroyer is extensively used in clinics and hospitals, thereby encouraging segment progress over the projected timeframe.
Based on the End user segment, the market is bifurcated into hospitals, ASC’s, Diagnostic laboratories, HME and DME companies and others. Due to the increasing introduction of sharp needle destruction tools, the segment of hospitals would show significant growth over the study forecast period to provide a safe environment for patients, staff and visitors in these facilities. The presence of well-equipped and advanced devices in these amenities can be attributed to high growth. As a result, patients usually prefer to receive treatments from hospitals, thus boosting segment growth in the years to come.
The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America needle destroyer market over the forecast period is likely to predict a lucrative market growth. In the U.S. hospital settings, needle destroyer devices are highly deployed to reduce the health risks associated with needle such as pathogen transmission, accidental puncture, and blood-borne virus exposure. Also, the US FDA stated that by implementing needle destroyers with special controls, safety and effective practices, health risks are reduced. So, the rising North America Market growth will be boosted by FDA approvals. In addition, rising novel advances by major players in the industry will drive market growth in the North America needle destroyer over the projected period.
In addition, growing concerns about occupational exposure to blood-borne viruses are likely to create opportunities for market growth in needle destroyers. The loss of measurable sensation during the use of certain apps, however, and technical inadequacies such as sluggish flashback are probable to pose as a constraint to market growth. Reusable systems on the needle destroyer market owes a large share relative to other needle destroyer products and will affect throughout the forecast period, market dynamics could still be challenged with various working factors. Because it is a growing market with a small range of items, it provides a clear opportunity for further new investment to boost the needle destroyer business.
Key players within global Needle Destroyer market include Ambler Surgical, Bornemann Maschinenbau GmbH, Black Smith Surgical, Surgipro, Millennium Surgical Corp etc. amongst others.
The report segments global Needle Destroyer market as follows:
Global Needle Destroyer Market: Product Segment Analysis
- Electrical Needle Burner
- Needle syringe destroyer
Global Needle Destroyer Market: End user Segment Analysis
- Hospital
- Ambulatory Surgical Center
- Diagnostic laboratories
- HME and DME companies
- Others
Global Needle Destroyer Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Table of Contents
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Needle Destroyer Market, 2016 - 2025, (USD Million)
- 2.2. Needle Destroyer Market: Snapshot
- Chapter 3. Global Needle Destroyer Market - Industry Analysis
- 3.1. Needle Destroyer Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Increasing incidences of needle stick injuries.
- 3.3. Restraints
- 3.3.1. Technical inadequacies.
- 3.4. Opportunity
- 3.4.1. Government funding and support.
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis by Product Segment
- 3.6.2. Market attractiveness analysis by End user segment
- 3.6.3. Market attractiveness analysis by regional segment
- Chapter 4. Global Needle Destroyer Market - Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Needle Destroyer market: company market share analysis, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New product launches
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.1. Company market share analysis
- Chapter 5. Global Needle Destroyer Market - Product Segment Analysis
- 5.1. Global Needle Destroyer market overview: by Product
- 5.1.1. Global Needle Destroyer market revenue share, by Product, 2018 and 2025
- 5.2. Electrical Needle Burner
- 5.2.1. Global Needle Destroyer market by Electrical Needle Burner, 2016-2025 (USD Million)
- 5.3. Needle syringe destroyer
- 5.3.1. Global Needle Destroyer market by Needle syringe destroyer, 2016-2025 (USD Million)
- 5.1. Global Needle Destroyer market overview: by Product
- Chapter 6. Global Needle Destroyer Market - End user Segment Analysis
- 6.1. Global Needle Destroyer market overview: by End user
- 6.1.1. Global Needle Destroyer market revenue share, by End user, 2018 and 2025
- 6.2. Hospitals
- 6.2.1. Global Needle Destroyer market by Hospitals, 2016-2025 (USD Million)
- 6.3. ASC's
- 6.3.1. Global Needle Destroyer market by ASC's, 2016-2025 (USD Million)
- 6.4. Diagnostic laboratories
- 6.4.1. Global Needle Destroyer market by Diagnostic laboratories, 2016-2025 (USD Million)
- 6.5. HME and DME companies
- 6.5.1. Global Needle Destroyer market by HME and DME companies, 2016-2025 (USD Million)
- 6.6. Others End user
- 6.6.1. Global Needle Destroyer market by Other End user, 2016-2025 (USD Million)
- 6.1. Global Needle Destroyer market overview: by End user
- Chapter 1. Global Needle Destroyer Market - Regional Analysis
- 1.1. Global Needle Destroyer market overview: by region
- 1.1.1. Global Needle Destroyer market revenue share, by region, 2018 and 2025
- 1.2. North America
- 1.2.1. North America Needle Destroyer market, by country, 2016-2025 (USD Million)
- 1.2.2. North America Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.2.3. North America Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.2.4. The U.S.
- 1.2.4.1. The U.S. Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.2.4.2. The U.S. Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.2.5. Rest of North America
- 1.2.5.1. Rest of North America Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.2.5.2. Rest of North America Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.3. Europe
- 1.3.1. Europe Needle Destroyer market, by country, 2016-2025 (USD Million)
- 1.3.2. Europe Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.3.3. Europe Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.3.4. U.K.
- 1.3.4.1. U.K. Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.3.4.2. U.K. Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.3.5. France
- 1.3.5.1. France Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.3.5.2. France Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.3.6. Germany
- 1.3.6.1. Germany Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.3.6.2. Germany Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.3.7. Rest of Europe
- 1.3.7.1. Rest of Europe Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.3.7.2. Rest of Europe Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.4. Asia Pacific
- 1.4.1. Asia Pacific Needle Destroyer market, by country, 2016-2025 (USD Million)
- 1.4.2. Asia Pacific Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.4.3. Asia Pacific Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.4.4. China
- 1.4.4.1. China Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.4.4.2. China Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.4.5. Japan
- 1.4.5.1. Japan Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.4.5.2. Japan Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.4.6. India
- 1.4.6.1. India Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.4.6.2. India Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.4.7. Rest of Asia Pacific
- 1.4.7.1. Rest of Asia Pacific Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.4.7.2. Rest of Asia Pacific Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.5. Latin America
- 1.5.1. Latin America Needle Destroyer market, by country, 2016-2025 (USD Million)
- 1.5.2. Latin America Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.5.3. Latin America Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.5.4. Brazil
- 1.5.4.1. Brazil Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.5.4.2. Brazil Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.5.5. Rest of Latin America
- 1.5.5.1. Rest of Latin America Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.5.5.2. Rest of Latin America Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.6. Middle East & Africa
- 1.6.1. Middle East & Africa Needle Destroyer market, 2016-2025 (USD Million)
- 1.6.2. Middle East & Africa Needle Destroyer market revenue, by Product, 2016-2025 (USD Million)
- 1.6.3. Middle East & Africa Needle Destroyer market revenue, by End user, 2016-2025 (USD Million)
- 1.1. Global Needle Destroyer market overview: by region
- Chapter 2. Company Profiles
- 2.1. Ambler Surgical
- 2.1.1. Overview
- 2.1.2. Financials
- 2.1.3. Product Portfolio
- 2.1.4. Business Strategy
- 2.1.5. Recent Developments
- 2.2. Bornemann Maschinenbau GmbH
- 2.2.1. Overview
- 2.2.2. Financials
- 2.2.3. Product Portfolio
- 2.2.4. Business Strategy
- 2.2.5. Recent Developments
- 2.3. Black Smith Surgical
- 2.3.1. Overview
- 2.3.2. Financials
- 2.3.3. Product Portfolio
- 2.3.4. Business Strategy
- 2.3.5. Recent Developments
- 2.4. Surgipro
- 2.4.1. Overview
- 2.4.2. Financials
- 2.4.3. Product Portfolio
- 2.4.4. Business Strategy
- 2.4.5. Recent Developments
- 2.5. Millennium Surgical Corp etc.
- 2.5.1. Overview
- 2.5.2. Financials
- 2.5.3. Product Portfolio
- 2.5.4. Business Strategy
- 2.5.5. Recent Developments
- 2.1. Ambler Surgical
