The healthcare vertical is expected to accelerate based on IoMT (Internet of Medical Technology). The key players in IoMT help in designing and tuning to sophisticated custom software. Also, iTunes or Google Play catalogs have encompassed healthcare and wellness mobile apps. With synchronization with wearables like fitness trackers or pulsometers for using data collected via sensors placed on body for reporting/analysing health conditions, the Needle Recapping Market is there to take the healthcare vertical by storm in the next 10 years.
A needle is a medical instrument that is pointed and enters into the skin either to inject or extract fluids such as liquid medicines, drugs or blood. It enters the skin and is also referred to as ‘sharps’. A needle contains a sharp opening at the end and is mostly used with a syringe.
Needle recapping is performed to dispose-off the needle after the syringe has been used. Most of the times it is not advised to dispose the needle by needle recapping, as it poses a serious threat of needle stick injuries to the person performing it or could also lead to infections of the skin for the patient with the liquid in the syringe.
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Market Segmentation:
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The global needle recapping market has been registering moderate growth, due to the potential hazards associated with needle recapping. Certain regulations and safety updates by health associations and governments are expected to boost the market growth for needle recapping over the forecast period. Needle recapping is mostly recommended for dental procedures.
By application, dental needle recapping devices are expected to grow at a healthy rate, owing to the increasing incidences of dental disorders and other related ailments. By product type, autoclavable needle recapping devices are expected to grow at a decent rate, owing to the higher safety they offer while recapping needles.
By end user, specialized clinics are expected to grow moderately, owing to the increasing number of dental surgeries being performed globally.
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Geographically, global needle recapping market has been segmented into regions viz. North America, Latin America, Asia Pacific and the Middle East & Africa, Western Europe, Eastern Europe.
The U.S. Needle recapping market is anticipated to witness significant growth in the North American market, owing to the increased awareness regarding dental health, which is leading to an increase in the number of dental procedures.
Some of the market participants in the global needle recapping market identified across the value chain include Biodex, Cipla Inc., Bright Technologies Ltd., Dentsply Sirona, Septodont Inc., Hager Electro, HPTC Inc., Patterson Dental Supply, Inc., McKesson Medical-Surgical Inc. and Certol International LLC.
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