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Needle Destroyer Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4282

Needle Destroyer Market Size will remain strong from 2022 to 2028 owing to rise in waste from syringes, sharp plastic, scissors, lancets and knife. Increasing cases of sharp injuries and the perceived risk of pathogen transmission from needles will boost the use of needle destroyers.
 

Heightened awareness about the upsides of needles destroyer in hospitals, clinics and nursing homes will encourage leading companies to expand their penetration in the untapped areas. Industry players are likely to gain traction from devices developed to minimize the risk of needlestick injuries. Healthcare personnel who may be exposed to needles are expected to seek needle destroyers amidst rising occupational health problems.
 

Based on product, electrical needle burner is likely to account for a notable share of global market over 2022-2028. With the demand for the prevention of the re-use of syringes and accidental needle-stick injuries soaring, innovations are likely to be pronounced in electrical needle burners. It could contribute towards the waste management against unsafe sharps. Moreover, the device has become sought-after to reduce infectious waste.
 

With respect to end-use, global needle destroyer market share from hospital will grow at a notable CAGR due to increasing cases of exposure to blood-borne viruses. Healthcare organizations are expected to boost CAPEX across advanced and emerging economies. Needle destroyers have become trendier as a portable solution for the safe disposal of used syringes. Hospitals are likely to seek needle destroyers that are safe, cost-effective and eco-friendly.
 

In terms of region, North America needle destroyer market forecast will be strong by 2028 on the back of the presence of leading companies and expanding healthcare industry. The soaring rate of injecting drug users and incorrect disposal of used needles will fuel the demand for a need destroyer machine. End-users are expected to demand lightweight, low power consuming and maintenance-free equipment. Diagnostic laboratories, ambulatory surgical centers and hospitals are likely to invest in needle syringe destroyers and electrical needle burners.
 

Global needle destroyer market share will be propelled with the presence of leading companies, such as Bornemann Maschinenbau GmbH, Millennium Surgical Corp, GPC Medical Ltd., Black Smith Surgical, Amkay Products Private Limited, Surgitech, N.R. Surgicals. and Invitro Biotech ltd., among others. These prominent companies are likely to emphasize product launches, innovations, technological advancements and mergers & acquisitions.
 

In December 2020, BD (Becton, Dickinson and Company) announced the plan to inject funds of around USD 1.2 billion over 4 years to bolster the manufacturing capacity of pre-fillable syringes. Amidst the demand for syringes during the COVID-19 outbreak, companies are expected to seek needle destroyer devices.
 

COVID-19 influence on global needle destroyer market

Unprecedented demand for syringes and needles to ramp up the vaccination campaigns globally has augured well for the industry outlook. In February 2021, UNICEF contemplated buying around 1 billion syringes by 2021-end to bolster vaccination efforts in the COVAX facility. Needle destroyers, such as needle syringe destroyers and electrical needle burners, are expected to be sought across Asia Pacific and Middle East and Africa.
 

Hospitals, blood banks, pathology labs, home care settings and diagnostic centers are expected to up their investment in needle destroyer machines over the next few years. Advancements, including rust-free cutter and compact design, could be pronounced with investments touted to rise across the end-use applications.
 

The needle destroyer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Product,

  • Electrical Needle Burner
  • Needle syringe destroyer

Market, by End-use

  • Hospital
  • Ambulatory Surgical Center
  • Diagnostic laboratories
  • Home care Settings
  • Clinics
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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