Overview:

Sharp devices are widely used in healthcare industry for various activities. Products like needle, blades, etc. are used in order to perform specific procedure. Government is imposing various regulations on hospitals and clinics in order to wear/fallow the sharp safety devices as it might help to prevent some uncertainty.

Market Dynamics:

Increasing number of patients suffering from various diseases, growing number of surgeries, coupled with rising number of incidents related to injuries due to sharp tools are major factors expected to drive the growth of sharps safety market. Healthcare sector across the globe is witnessing rapid change owing to technological advancements and demand for devices with high precession is resulting in development of sharp tools. Developing regulatory scenario and stringent government regulation related to safety during surgery is expected to propel demand for sharp safety devices, which are other factors expected to boost the growth of target market.  

However, high presence of players operating on global level is resulting in competitive landscape forcing players to operate on low profit this is expected to challenge the growth of global sharps safety market.

Technological advancements in sharp safety devices by players and introduction of innovative products are factors responsible to create new opportunities for players operating in the target market over the forecast period.

Key Trends:

Major player’s inclination towards enhancing the business presence in order to increase the profit ratio is resulting in increasing merger and acquisition activities this is key trend observed in the sharps safety market. In 2019 Cardinal Health acquired Mirixa Corporation a leading healthcare technology and services company. This acquisition will help the company to enhance the product portfolio and enhance the business presence.

Regional Analysis:

For detailed understanding of market dynamics, the global sharps safety market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the major revenue share in 2018, owing to increasing number of patients undergoing various surgeries. In addition, stringent government regulation related to doctor safety is another factor expected to further support the growth of regional market.

Scope of the Report:

Detailed Segmentation:

Global Sharps Safety Market, By Type:

• Іnјесtіоn Еquірmеnt
• Вlооd Соllесtіоn Еquірmеnt
• ІV Іnѕеrtіоn Еquірmеnt
• Ѕаfеtу Lаnсеtѕ
• Ѕаfеtу Ѕсаlреlѕ
• Оthеrѕ (Ѕаfеtу Ѕuturе Рrоduсtѕ)

Global Sharps Safety Market, By Application:

• Rеtrасtаblе Ѕаfеtу
• Раѕѕіvе Ѕаfеtу

Key Players Covered:

Key players operating in the sharps safety market includes, Теrumо Соrр., DеRоуаl Іnduѕtrіеѕ, Іnс., Соvіdіеn Ltd., Вrаun Меlѕungеn Аktіеngеѕеllѕсhаft, Весtоn, Dісkіnѕоn & Со., Ѕmіth’ѕ Меdісаl, Іnс., UltіМеd, Іnс., НТL Ѕtrеfа Ѕ. А., Саrdіnаl Неаlth Іnс., and Аnѕеll Ltd.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Sharps Safety Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.