The Sharps Safety Devices Market is expected to register a CAGR of 7.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Product (Injection Equipment, Blood Collection Equipment, IV Insertion Equipment, Safety Lancets, Safety Scalpels, Safety Knives), Technology (Retractable and Passive). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Sharps Safety Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Sharps Safety Devices Market Segmentation
Product- Injection Equipment
- Blood Collection Equipment
- IV Insertion Equipment
- Safety Lancets
- Safety Scalpels
- Safety Knives
- Retractable and Passive
- Hospitals
- Ambulatory Surgical Centers
Strategic Insights
Sharps Safety Devices Market Growth Drivers- Rising Healthcare-Associated Infections (HAIs): Healthcare-associated infections (HAIs) have led to growing awareness of the risks of sharps injuries. Increased hospital and medical facility standards push for the adoption of safety devices to minimize exposure to bloodborne pathogens like HIV, Hepatitis B, and C, driving demand for sharps safety devices in healthcare settings.
- Government Regulations and Initiatives: Governments worldwide have implemented strict regulations for handling sharps waste and promoting the use of safer needle devices. Laws such as the Needlestick Safety and Prevention Act in the U.S. push healthcare providers to adopt safety devices to reduce the risk of needle-stick injuries among workers, driving market growth.
- Increased Surgical Procedures: The growing number of surgical procedures due to aging populations, rising chronic diseases, and medical advancements leads to a higher number of sharps use in hospitals and clinics. This, in turn, drives the demand for sharps safety devices that minimize injuries and ensure a safer working environment for healthcare professionals.
- Needle-Free Technologies: Needle-free injection technologies, including jet injectors and microneedles, are becoming more popular due to their reduced risk of needle-stick injuries. These technologies offer alternatives to traditional syringes and help meet the increasing demand for safe, efficient methods of administering injections, fueling a trend in the sharps safety devices market.
- Smart Safety Devices: The adoption of smart sharps safety devices that incorporate IoT technology to track usage and ensure compliance with safety protocols is on the rise. These devices can alert healthcare staff to potential safety breaches, ensuring higher standards in infection control and patient care. The trend is revolutionizing sharps safety in hospitals and clinics.
- Sustainability Focus: With growing concerns about environmental sustainability, the sharps safety devices market is seeing increased demand for eco-friendly products. Companies are designing devices that not only provide safety from injuries but are also recyclable, biodegradable, or made from renewable materials, meeting the growing environmental responsibility within the healthcare sector.
- Expanding Healthcare Infrastructure in Developing Regions: As healthcare infrastructure improves in developing nations, there is an increased demand for safety products, including sharps safety devices. Growing investments in healthcare systems offer a significant market opportunity to expand the reach of sharps safety technologies in underserved regions.
- Technological Advancements in Device Design: Continuous innovation in the design and functionality of sharps safety devices opens opportunities for market growth. Improved needle retraction mechanisms, better ergonomic designs, and enhanced materials for reducing needle-stick injuries provide avenues for manufacturers to develop advanced products, boosting market potential.
- Focus on Workplace Safety and Employee Wellbeing: There is a growing focus on workplace safety, especially in healthcare settings, where sharps-related injuries pose significant health risks to staff. Policies that prioritize employee wellbeing and the adoption of safety devices represent an opportunity for manufacturers to align with these initiatives and expand their market presence.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sharps Safety Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Sharps Safety Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Alimed, Inc.# Ansell Sandel Medical Solutions LLC# B. Braun Medical Inc# Beckton, Dickson and Compan# Bunzl Healthcare# Beaver Visitec International, Inc# Covidien Ltd. # HTL Strefa S. A.# Smiths Medical # Terumo Medical Corporation # UltiMed, Inc. are the some of the key market players operating in the sharps safety devices market
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2025 - 2031)
The North America region accounts for highest revenue share sharps safety devices market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2023 are the historic years, 2024 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
The market is expected to grow at a CAGR of 7.4%
Rising healthcare-associated infections (HAIs) and government regulations and initiatives are the major factors boosting the sharps safety devices market growth
- Alimed, Inc
- Ansell Sandel Medical Solutions LLC
- B. Braun Medical Inc
- Beckton, Dickson and Company
- Bunzl Healthcare
- Beaver Visitec International, Inc
- Covidien Ltd.
- HTL Strefa S. A.
- Smiths Medical
- Terumo Medical Corporation
- UltiMed, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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