Key vendors to focus on the improvement of safety features
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global hypodermic needles market in their latest research report. This report also lists 23 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated from the sales of hypodermic needles.
This Technavio report, under the medical imaging vertical, is based on the synthesis, analysis, and interpretation of information about the global hypodermic needles market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for hypodermic needles is highly fragmented in nature. The market is characterized by the presence of several vendors, both global and regional, who compete to gain market shares. While the leading vendors dominate the hypodermic needles market in developed countries globally, the market in the emerging countries is mostly led by regional vendors operating in their respective countries.
“The growing popularity of critical care and emergency medicine is propelling the demand for hypodermic needles in the global market. Patients in ICU require routine parenteral drug administration as they are either unresponsive to take drug orally or require immediate systemic drug delivery, which is usually not possible orally. In the US currently, almost 90% of the acute care market for hypodermic syringes includes a safety feature. In the alternate care market, two-thirds of the syringe market is safety syringes,” says Amber Chourasia, a lead analyst at Technavio for medical imaging.
Top five vendors in the hypodermic needles market space
Becton, Dickinson, and Company
BD, or Becton, Dickinson, and Company, is a medical technology company that engages in the manufacture and sales of a broad range of medical supplies, laboratory equipment, devices, and diagnostic products. The company mainly caters primarily to the needs of life science researchers, healthcare institutions, clinical laboratories, pharmaceutical industry, and the general public. BD has offices in over 50 countries worldwide and operates in more than 190 countries.
Key products: 1 mL BD Allergy syringe with permanently attached needle, BD Insulin syringe with permanently attached needle, BD Integra syringe with retractable BD PrecisionGlide needle, BD SafetyGlide insulin syringe with permanently fixed needle, and BD AutoShield Duo Pen needle.
Medtronic
Medtronic, a global manufacturer and pioneer of various capital medical equipment, acquired Covidien in January, 2015 and incorporated Covidien’s business into the Minimally Invasive Therapies Group. Covidien is a leading manufacturer of medical devices and supplies for use in clinical and home settings such as for laparoscopic surgery, electrosurgery, biosurgery, and vascular therapies. Before the acquisition, Covidien’s products were sold in over 150 countries worldwide, and it reported its operations via two business segments – medical devices and medical supplies. Medtronic has sales and administrative offices in around 70 locations in the US spread across 28 states and in 275 locations outside the US across 67 countries.
Key products: SoftPack hypodermic needles, Rigid Pack hypodermic needles with polypropylene hub, Rigid Pack hypodermic needles with aluminum hub, and Magellan Tuberculin safety syringes, and Blunt Cannulas.
Retractable Technologies
The US-based Retractable Technologies engages in the development, manufacture, and marketing of innovative patented safety medical devices for the healthcare industry. The company’s VanishPoint, PatientSafe, and EasyPoint safety products are distributed throughout the US. The company has good distribution networks in the US and is currently expanding their channels internationally.
Key products: VanishPoint Tuberculin syringe, VanishPoint syringe, Patient Safe syringe, VanishPoint syringe, and PatientSafe syringe.
Terumo Medical Corporation
Terumo Medical Corporation manufactures and sells medical products and equipment in the global market. The company focuses on expanding its business operations in developed markets to strengthen its position in international hypodermic needles market through strategic partnerships and agreements. The company is also involved in R&D to develop safer innovative needles for better patient care.
Key products: Terumo Tuberculin syringes, Sursaver 1cc syringe with low dead space and pharmacy trays, Safety , SurGuard3, SurGuard2, and K-Pack Surshield.
Smiths Medical
Smiths Medical is a provider of medical devices and equipment for emergency, hospital, home, and specialist environments. Its products are used in surgery, post-operative care during recovery, critical and intensive care, and in a series of high-end home infusion therapies. The company is a subsidiary of the multinational diversified engineering company, Smiths Group.
Key products: JELCO hypodermic Needle-Pro device, JELCO blunt fill needle, and JELCO hypodermic Needle-Pro EDGE detachable TB syringes, JELCO hypodermic Needle-Pro EDGE, and DELTEC GRIPPER PLUS safety needles.
Other prominent vendors in this market include Albert David, B. Braun Melsungen, C.R Bard, Catalent Pharma Solutions, Connecticut Hypodermics, DeRoyal, Exel International, Hamilton Syringes & Needles, Hindustan Syringes & Medical Devices Limited, Hi-Tech Syringes, International Medsurg Connection, MedPro Safety Products (MPSP), Needletech Products, Nipro Medical, Novo Nordisk, Revolutions Medical Corporation, Safety Medical Supply, Simply Surgicals, SOL-MILLENIUM, Unilife Corporation, Vigmed, Vita Needle Company, and Vygon.
A more detailed analysis is available in the Technavio report, Global Hypodermic Needles Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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