Needle Destroyer Market Size was valued at USD 6.2 Bn in 2023 and is predicted to reach USD 9.1 Bn by 2031 at a 5.1% CAGR during the forecast period for 2024-2031.
Needle destroyers exist to provide a safe way to properly dispose of syringes and hypodermic needles, to eliminate the possibility of infection and unintentional needle sticks. A growing number of people are living with chronic conditions that require regular medical treatments. This is driving up the demand for needle destroyers and the need for ways to dispose of them. Global regulatory agencies have enacted strict standards and rules for medical waste management, which is driving the industry forward. Needle destroyer devices have become more popular in hospitals, clinics, and labs due to technological improvements such as safety features, easy-to-use interfaces, and mobility. Additionally, market penetration has been enhanced by healthcare professionals' and institutions' increasing awareness of the significance of safe needle destroyers.
However, the market growth is hampered by smaller healthcare facilities, and the high costs of advanced needle destroyers may discourage adoption. Furthermore, there needs to be more knowledge on proper needle destroyers. With the advent of COVID-19, the healthcare sector was hit hard. Also severely impacted was the market for needle destroyers. The authorities-imposed lockdowns and social isolation to contain the COVID-19 outbreak. These measures had unintended consequences, including the suspension of numerous manufacturing operations, interruptions in the supply chain, a dampening of company expansion, and the cancellation of technological treatments. Another factor driving the adoption of needle destroyer devices is the strict rules and restrictions imposed on medical waste management by regulatory agencies and healthcare authorities.
The needle destroyer market is segmented based on type, distribution channel, and end-user. Based on type, the market is segmented into electrical needle burners and needle syringe destroyers. By distribution channel, the market is segmented into direct sales, distributors/suppliers, and online. By end-user, the market is segmented into hospitals and clinics, ambulatory care centers, and others.
The electrical needle burner in the needle destroyer market is expected to hold a major global market share in 2023 because, when used properly, electrical needle burners can completely eliminate needles by incinerating them at high temperatures, rendering them harmless and guaranteeing their eradication. This ensures that healthcare facilities adhere to both national and international regulations for the disposal of medical waste. Globally, healthcare facilities are increasingly utilizing electrical needle burners due to the growing concern for the proper disposal of medical waste.
The hospital & clinic industry makes up the bulk of needle destroyers because needles and sharps are among the many types of medical waste that hospitals and clinics produce daily. Reducing the occurrence of needle sticks and the spread of infectious diseases among healthcare personnel and patients emphasizes the critical importance of properly disposing of these medical waste items. In hospital & clinic facilities, needle destroyer machines are essential because they provide a dependable method for the efficient and timely disposal of used needles. In addition, some strict rules and regulations control healthcare facilities' methods for disposing of medical waste.
The North American needle destroyer market is expected to register the highest market share in revenue in the near future. It can be attributed to the need for needle destroyers being propelled by the stringent rules regarding the disposal of medical waste, the advanced healthcare infrastructure, and the paramount importance placed on the safety of healthcare workers and infection control in North America. In addition, Asia Pacific is projected to grow rapidly in the global needle destroyer market due to the rise in the prevalence of long-term health problems, the high cost of healthcare, the adoption of new medical technology, and a more advantageous reimbursement position for needle destroyers in the region.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 6.2 Bn |
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Revenue Forecast In 2031 |
USD 9.1 Bn |
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Growth Rate CAGR |
CAGR of 5.1% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Distribution Channel, By End-User and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Millennium Surgical Corp, Cecon Pollutech Systems Pvt. Ltd., Cosmo Scientific Traders, Bornemann Maschinenbau GmbH, GPC Medical Ltd., Amkay Products Limited, Invitro Biotech Ltd., Medtronic plc, Abraham Blacksmith, and Surgipro Inc. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Needle Destroyer Market Snapshot
Chapter 4. Global Needle Destroyer Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.1.1. Electrical Needle Burner
5.1.2. Needle Syringe Destroyer
Chapter 6. Market Segmentation 2: by Distribution Channel Estimates & Trend Analysis
6.1. by Distribution Channel & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Distribution Channel:
6.2.1. Direct Sales
6.2.2. Distributors/Suppliers
6.2.3. Online
Chapter 7. Market Segmentation 3: by End-User Estimates & Trend Analysis
7.1. by End-User & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-User:
7.2.1. Hospital & Clinics
7.2.2. Ambulatory Care Centers
7.2.3. Others
Chapter 8. Needle Destroyer Market Segmentation 6: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
8.1.2. North America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2019-2031
8.1.3. North America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.1.4. North America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.2. Europe
8.2.1. Europe Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
8.2.2. Europe Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2019-2031
8.2.3. Europe Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.2.4. Europe Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
8.3.2. Asia Pacific Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2019-2031
8.3.3. Asia Pacific Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.3.4. Asia Pacific Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.4. Latin America
8.4.1. Latin America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
8.4.2. Latin America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2019-2031
8.4.3. Latin America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.4.4. Latin America Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Type, 2019-2031
8.5.2. Middle East & Africa Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2019-2031
8.5.3. Middle East & Africa Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.5.4. Middle East & Africa Needle Destroyer Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Millennium Surgical Corp
9.2.2. Cecon Pollutech Systems Pvt. Ltd.
9.2.3. Cosmo Scientific Traders
9.2.4. Bornemann Maschinenbau GmbH
9.2.5. GPC Medical Ltd.
9.2.6. Amkay Products Limited
9.2.7. Invitro Biotech Ltd.
9.2.8. Medtronic plc
9.2.9. Abraham Blacksmith
9.2.10. Surgipro Inc.
Needle Destroyer Market- By Type
Needle Destroyer Market- By Distribution Channel
Needle Destroyer Market- By End-User
Needle Destroyer Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
