Instrument Tip Protectors Market Size, Share and Global Trend By Type (Vented , Non-Vented), By Application (Trocars, Needles, Scissors, Others), By Usage (Disposable, Reusable), By End User (Hospitals & Clinics, Ambulatory Surgery Centers (ASCs), Others), and Geography Forecast Till 2030

Instrument tip protectors are used to cover sharp and delicate ends of medical equipment such as scissors, trocars, catheters, surgical saw blades, during sterilization, transport, and storage. Instrument tip protectors play a vital role in preventing accidents such as puncturing of organ, artery or tissues. According to Centres for Disease Control and Prevention (CDC), an estimated 385,000 members of the healthcare workforce may suffer injuries caused due to the handling of bare needles each year worldwide.

Some serious diseases such as Hepatitis C, Syphilis, Rocky Mountain spotted fever may occur in individuals due to these needle injuries. These trends coupled with the increasing number of hospitalizations and the increasing number of medical procedures being undertaken every year is also contributing to the positive growth of the global instrument tip protectors market.

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Rising prevalence of injuries due to mishandling of surgical accessories, growing emphasis on healthcare workforce safety, increased risk of infections and rise in the incidence of equipment damage are significant factors for the growth of global instrument tip protectors market. Moreover, certain benefits offered by instrument tip protectors such as increased shelf life of surgical equipment, technological advancements in instrument tip protectors, reduction in repair and maintenance cost and lower investment cost of instrument tip protectors are expected to boost the demand for global instrument tip protectors market during the forecast period.

The reluctance of the healthcare workforce to adopt instrument tip protectors, lack of awareness within the healthcare workforce and violation of standard guidelines for the use of surgical instruments are restraining factors for the growth of global instrument tip protectors market.

Key Players Covered

Some of the major companies that are present in the global instrument tip protectors market are 3M, CooperSurgical, Inc., Key Surgical, Healthmark Industries Company, Inc., CIVCO Medical Solutions, BOVIE MEDICAL, SP Scienceware, Aspen Surgical, Advance Medical Designs, Inc., Medline Industries, Inc., AliMed, Inc., Thermo Fisher Scientific Inc., UFP Technologies, Inc., and others.

SEGMENTATION 

Among the segmentation, needles in the application segment are projected to hold a considerable share of the global instrument tip protectors market due to an increased usage of needles in medical and healthcare procedures in developed as well as developing countries.

Key Insights

• The regulatory scenario for key countries
• New product launches
• Recent industry developments such as partnerships, mergers, and acquisitions
• Overview of technological advancements
• Overview of safety guidelines for healthcare workers in key countries

Regional Analysis

North America dominated the global instrument tip protectors market in 2018 owing to a rise in infections and injuries due to improper handling of surgical instruments. Also, reduction in maintenance costs, extended equipment life, and reduction in transport damages are responsible for raised adoption of instrument tip protectors. The Asia Pacific also holds huge potential for growth of global instrument tip protectors market owing to rising prevalence of needle stick injuries, rise in infections due to sharp injuries amongst healthcare workforce and rising adoption of safety measures due to awareness spread by governments in emerging nations.

Key Industry Developments

• In March 2018, Racoma Inc. announced the launch of their new product offering of how Protect S/M tip protection, which offers three-fold protection during the sterilization of surgical instruments
• In July 2017, Aspen Surgical announced the launch of new surgical safety instruments including the Bard-Parker SafeSwitch Disposable Scalpel Handle and Scalpel Handle Cover, and the new Bard-Parker Blade Remover