Needle Destruction Devices Market
Number of pages: 100 | Report Format: PDF | Published date: March 16, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
CAGR |
5.7% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023-2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Type, End User, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) |
According to the deep-dive market assessment study by Growth Plus Reports, the global needle destruction devices market is expected to register a revenue CAGR of 5.7% by 2031.
Needle Destruction Devices Market Fundamentals
Needle destruction devices, also known as needle burners or destroyers, are used to dispose of old hypodermic needles and syringes safely. These devices are used to blunt the needle's sharp end, making it safe for disposal. The needle destruction devices run an electric current through the needle, heat it to a high temperature, and melt the metal. The heat also kills bacteria or viruses that can be on the needle.
These devices aid in preventing needlestick injuries, which result in the transmission of diseases, such as HIV and hepatitis B and C. Needles destruction devices are available in various sizes and shapes, including compact pocket units and bigger desktop models. Some devices additionally have features, such as automated shut-off, to minimize overheating and auditory or visual indications to warn users when the needle has been destroyed effectively.
Proper disposal of used needles and syringes is crucial in preventing the spread of diseases and ensuring the safety of the public's health. Needle destruction devices offer a safe and effective means to dispose of old needles, lowering the incidence of needlestick injuries.
Needle Destruction Devices Market Dynamics
The global needle destruction devices market is primarily driven by increasing potential risks posed by the unsafe disposal of needles. With the growing safety concern, it is becoming increasingly important for healthcare organizations to find efficient, cost-effective solutions for their needle destruction needs. Various needle destruction technologies are now available to meet the needs of the healthcare industry. These include mechanical destruction, chemical destruction, and incineration. Some of these devices are also designed to be used by healthcare personnel at home or while traveling. By investing in the latest needle destruction technology, healthcare providers can help ensure their patients and staff remain safe.
The increased prevalence of hospital-acquired diseases, such as bloodstream infections, is driving up the demand for needle destruction devices. All healthcare providers prioritize safety procedures to help limit the danger of unintentionally transferring diseases. Needle destruction devices are excellent instruments in this respect, allowing needles to be disposed of swiftly and properly, reducing the danger of contamination and other concerns. These devices can also help healthcare practitioners since they enable needle disposal in less time and effort than manual discarding techniques. This can result in increased patient safety and satisfaction together with time, effort, and resource savings.
Increasing technological advancement is a potential factor influencing the revenue growth of the global needle destruction devices market. The device reduces the danger of sharp needle injury and contamination associated with traditional needle disposal procedures. Additionally, the automated needle destroyer eliminates the need for manual disposal, which saves money on the expenditures associated with manual needle disposal procedures. Finally, an automated needle destroyer is advantageous since it is budget-friendly, consumes less energy, and reduces the possibility of hazardous waste contamination. Using an automated needle destroyer improves safety while saving time and money.
However, the needle destruction devices market revenue growth can be constrained due to high costs, increased need for maintenance, and limited capacity of the devices.
Needle Destruction Devices Market Ecosystem
The global needle destruction devices market is analyzed from three perspectives: type, end user, and region.
Needle Destruction Devices Market by Type
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Based on type, the global needle destruction devices market is segmented into needle syringe destroyers and electrical needle burners.
The needle syringe destroyer segment dominated the global needle destruction devices market in 2022. Needle syringe destroyers are important to ensure that medical waste is disposed of responsibly and safely. The syringe destroyer disposes of needles, syringes, and other sharp medical waste swiftly and safely by breaking them down into pieces. Needle syringe destroyers also limit the danger of needlestick injuries, which can frequently lead to infections. Additionally, the devices can remove the need for costly medical waste disposal procedures, making it a cost-effective and environmentally responsible alternative.
The electrical needle burners segment is anticipated to expand in the forecast period owing to the advantages of electrical needle burners. It can dispose of needles and other sharp objects easily and efficiently, reducing the risk of injury or infection. Additionally, it is a more environmentally friendly option than traditional needle disposal methods.
Needle Destruction Devices Market by End User
Based on the end user, the global needle destruction devices market is segmented into hospitals, ambulatory surgical centers, diagnostics laboratories, and other healthcare facilities.
The hospitals segment accounted for the leading revenue share in 2022. Needle destruction devices offer a safe and efficient method for disposing of used needles in hospitals, reducing the risk of accidental needlestick injuries among healthcare workers. They also help to prevent the spread of blood-borne diseases, such as HIV and hepatitis B and C. Additionally, needle destruction devices are cost-effective and easy to use, making them a practical solution for hospitals.
The diagnostics laboratories segment is anticipated to grow in the forecast years. Needle destruction devices increase laboratory safety by lowering the probability of needlestick injuries, which are a major problem in diagnostic laboratories as they can result in blood-borne diseases. Moreover, various regulatory bodies, including the Occupational Safety and Health Administration and the Centers for Disease Control and Prevention, require needle destruction devices in laboratory settings.
In ambulatory surgical centers, needle destruction devices can lower the time required to dispose of needles properly. Moreover, needle destruction devices can help ambulatory surgery facility to minimize the quantity of biohazard waste it generates. Centers can limit the quantity of trash that must be disposed of in sharps containers by discarding needles immediately after use.
Needle Destruction Devices Market by Region
Based on the region, the global needle destruction devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the needle destruction devices market with the largest revenue share in 2022. This is attributed to the presence of prominent companies and the growing healthcare industry. The improper disposal of used needles is driving up the demand for needle destroyers. Moreover, diagnostic laboratories, ambulatory surgery centers, and hospitals are spending heavily on needle syringe destroyers and electrical needle burners, which is expected to boost regional market revenue growth.
The Europe needle destruction devices market is characterized by the increasing adoption of safety needles and the growing awareness about the risks associated with needlestick injuries among healthcare professionals. Additionally, favorable government initiatives promoting safe injection practices are expected to drive market revenue growth in the coming years.
Asia Pacific is predicted to be the fastest-growing region in the needle destruction devices market during the forecast period. This growth can be attributed to the increasing prevalence of chronic diseases and the growing adoption of needle destruction devices in hospitals and clinics. Additionally, favorable government initiatives to promote the safe disposal of medical waste are expected to drive market revenue growth in Asia Pacific.
Needle Destruction Devices Market Competitive Landscape
The prominent companies with the largest revenue share in the global needle destruction devices market are:
Needle Destruction Devices Market Strategic Developments
The global needle destruction devices market is expected to register a revenue CAGR of 5.7% during the forecast period.
Needle destruction devices, also known as needle burners or destroyers, are used to dispose of old hypodermic needles and syringes safely. These devices are used to blunt the needle's sharp end, making it safe for disposal.
North America accounted for the largest revenue share of the market in 2022.
The needle syringe destroyer segment dominates the global needle destruction devices market.
The prominent players in the global needle destruction devices are Bornemann Maschinenbau GmbH, Black Smith Surgical, Surgipro, Millennium Surgical Corp., and Amkay Products Private Limited.
*Insights on financial performance are subject to the availability of information in the public domain