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Needle Destroyer Market Size
Needle Destroyer Market size will register significant growth between 2024 and 2032 due to the escalating rates of undisposed needles and the imperative for heightened awareness. With an increase in medical procedures, improper disposal of needles poses grave risks of injury and disease transmission.
For instance, according to WHO, globally, approximately 16 billion injections are administered annually but not all needles and syringes are disposed of properly, posing risks of injury and infection as well as opportunities for reuse. Although efforts to reduce the reuse of injection devices have led to a decline in contaminated injections in low- and middle-income countries, unsafe injections in 2010 still caused significant health burdens, including an estimated 1.7 million hepatitis B infections, 33,800 new HIV infections, and 315,000 hepatitis C infections. A single needle stick injury from an infected source patient carries respective infection risks of 30%, 0.3%, and 1.8% for HBV, HIV, and HCV.
Consequently, there is a pressing need for awareness campaigns emphasizing safe needle disposal practices. This awareness drive, in line with stringent regulations, propels the demand for needle destruction solutions, ensuring safer healthcare environments and fostering industry gains.
The needle destroyer market is experiencing increased demand due to heightened regulations and government mandates aimed at improving medical waste disposal practices. With growing concerns over environmental and public health risks associated with improper needle disposal, authorities worldwide are imposing stricter rules on healthcare facilities. Compliance with these regulations necessitates the adoption of efficient needle destruction solutions, driving the industry progression. As healthcare systems prioritize safe and responsible waste management, the demand for needle destroyers continues to surge, aligning with regulatory requirements and fostering a safer healthcare environment.
For instance, in March 2016, the introduction of new bio-medical waste management rules marked a significant shift in India's waste management practices. These regulations expanded the scope of coverage and introduced pre-treatment measures for lab waste and blood samples. Union Minister of State (IC) Environment, Forest & Climate Change, Shri Prakash Javadekar, emphasized the transformative impact of these rules on the "Clean India Mission". it was announced that Biomedical waste, encompassing human and animal anatomical waste, as well as treatment apparatus like needles and syringes, would be subject to more effective disposal mechanisms mandated by hospitals or common biomedical waste treatment facilities.
The needle destroyer market faces several restraints despite its growth trajectory. One significant challenge is the high initial investment required to purchase needle destruction devices, deterring adoption, especially in resource-constrained settings. Additionally, a lack of awareness about the importance of safe needle disposal practices hampers market expansion. Stringent regulatory compliance and certification standards also pose barriers to market entry and progression. Moreover, in some regions, limited access to electricity or infrastructure impedes the widespread deployment of needle destroyers. Overcoming these restraints necessitates concerted efforts in education, cost reduction, and infrastructure development.
Needle Destroyer Market Trends
The industry is witnessing notable trends driven by increasing efforts to raise awareness regarding proper medical waste disposal. With growing recognition of the environmental and public health hazards posed by improper disposal practices, stakeholders are intensifying campaigns to promote safe needle disposal. This heightened awareness is spurring demand for needle destruction solutions as healthcare facilities prioritize the adoption of efficient waste management practices. As awareness continues to rise, the industry is poised to experience sustained development, aligned with the global focus on safe medical waste disposal.
To cite an instance, in December 2023, through a meet-up, the Bhubaneswar Municipal Corporation (BMC) convened owners of clinics, pathology and diagnostics centers, hospitals, and representatives from medicine shops to address the issue of bio-medical waste mixing with regular municipal solid waste and drain water. The aim was to educate them about their responsibilities in managing such waste effectively. Mishandling often results in the mixing of expired medicines (pharmaceutical waste), sharp objects like needles, and infectious waste such as tissues and cotton with municipal waste.
Needle Destroyer Market Analysis
Based on the product, an electrical needle burner will account for a notable market share over 2024-2032. The equipment provides numerous benefits, including ease of use, lightweight, compact design, and less time to destroy needles. Building on these merits, electrical needle burners are being extensively preferred in hospitals and clinics, where the patient ingress is critically high. With consistent advancements in technology, electric needle burners provide a convenient solution for healthcare facilities, ensuring compliance with regulations and promoting a safer working environment. As the preference for electric needle burners grows, the Needle Destroyer Industry is witnessing a notable expansion driven by this trend.
With respect to end-use, the needle destroyer market share from hospitals will grow at a notable CAGR due to increasing cases of exposure to blood-borne viruses such as Hepatitis B and Hepatitis C Virus. According to the latest estimates of WHO and the Global Burden of Disease study, hepatitis claims approximately 1.34 million lives annually. Healthcare organizations could boost CAPEX across advanced and emerging economies. Needle destroyers have become trendier as a portable solution for the safe disposal of used syringes. Hospitals are likely to seek needle destroyers that are safe, cost-effective, and eco-friendly.
North America needle destroyer market is projected to gain major impetus in the coming years on the back of the presence of leading companies and expanding healthcare industry. The increasing rate of injecting drug users and incorrect disposal of used needles will fuel the demand for a need destroyer machine. The regional market landscape is further being driven by the end-users’ rising demand for lightweight, low power-consuming, and maintenance-free equipment.
Needle Destroyer Market Share
Major companies operating in the needle destroyer industry competitive landscape include:
- Bornemann Maschinenbau GmbH
- Millennium Surgical Corp
- GPC Medical Ltd.
- Black Smith Surgical
- Amkay Products Private Limited
- Surgitech
- N.R. Surgicals.
- Invitro Biotech Ltd.
Needle Destroyer Industry News
In February 2024, U.S. Surgitech secured a three-year contract with Premier, Inc. in the laparoscopic surgical instruments segment. The agreement featured U.S. Surgitech's SurgyCut and SurgyNeedle product lines. SurgyNeedle, a fully disposable aspiration needle available in different gauges, addressed the longstanding issues associated with reusable aspiration needles in operating rooms. By eliminating the need for reprocessing and the associated infection risks, SurgyNeedle ensured a safer surgical environment.