KB Medical Group Inc. is one of the key players in the needlestick safety injection devices market with 510K cleared safety needles compatible with both luer slip and luer lock disposable syringes. We are very optimistic about the prospects of the safety injection devices market. To meet the rapidly growing customer demand and further reduce product costs, the company has recently put into operation two more new assembly lines for safety hypodermic needles and safety insulin pen needles.
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Given the inherent benefits of needlestick safety injection devices, several developers have launched their proprietary devices to minimize the risk of needlestick injuries. More than 50 companies currently claim to develop around 120 needlestick safety injection devices globally. Moreover, stringent regulatory requirements have further prompted the stakeholders to improve product design and integrate better safety measures in their products, including needle shielding. In fact, more than 140 patents for needlestick safety injection devices have been filed / granted by various academic and industry stakeholders since 2018. (Source from Roots Analysis)
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