Needles Market Report Overview
The report provides a comprehensive analysis of the current and future Needles market scenario, including insights and updates on the key sectors. The report also provides an analysis of the demand for Needles products and services across the world, as well as the manufacturing, income generation, sales, and revenue of the Needles market. It also provides a fundamental analysis of the Needles market, including the drivers, opportunities, trends, and restraints that are shaping the market.
Needles Market size was valued at US$ 7.07 Bn. in 2022 and the market is expected to reach US$ 12.6 Bn. by 2029, at a CAGR of 8.6% through out the forecast period.
Needles Market Report Scope and Research Methodology
A combination of primary and secondary data has been used to gather information about the Needles market for the report. Primary data is collected through interviews with Needles industry experts and stakeholders, while secondary data is collected from government agencies, trade associations, and industry publications. It has used a bottom-up approach to estimate the Needles market size. This approach involves starting with the individual market segments and then aggregating them to arrive at the overall Needles market size. The report also provides detailed information on the capacity, manufacturing, price, cost, revenue, and market statistics, which helps stakeholders understand the financial performance of the key players in the Needles industry.
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Needles Market Regional Insights
The research covers a detailed analysis of the Needles market size and dynamics in North America (United States, Canada, Mexico), Europe (Germany, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC) South America (Brazil, Argentina and Rest of South America) Middle East and Africa (South Africa, Egypt and Rest of MEA).
Needles Market Segmentation
by Type
Conventional
Safety
Safety Needles dominated the market with a 57.2% share in 2022. Reduced risk of needle stick injuries offered by these products. Such damage can lead to infection with blood-borne pathogens such as HIV and hepatitis B and C viruses. Safety needles reduce the incidence of infections, reduce costs, and increase convenience and practicality of use. NMT-type safety syringes activate automatic withdrawal technology when the plunger is pressed to inject the drug. Factors such as accuracy, operating time, and design for rapid use were beneficial because the majority of healthcare professionals preferred safety needles technology over conventional.
by Product
Pen
Suture
Blood Collection
Others
Pen Needles dominated the market with a 36 .3% share in 2022. The increasing prevalence of diabetes and Insulin pen needles are available in a variety of lengths and widths. With advanced technology, small, thin, painless needles are widely available around the world. These factors are driving the growth of the segment through the forecast period.
by Mode
Hypodermic
Intravenous
Intramuscular
Others
the Hypodermics segment dominated the market with a 35.3 % share in 2022. Increase in chronic diseases such as diabetes and the emergence of needles that are compatible with high-performance injection technology and can withstand high pressures. These factors are driving the growth of the segment in the market.
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Needles Market Key Players
1. Becton
2. Dickinson & Company
3. Medtronic plc
4. Hamilton Company
5. Stryker Corporation
6. Terumo Corporation
7. B. Braun Melsungen AG
8. Boston Scientific Corporation
9. Nipro Medical Corporation
10. Novo Nordisk A/s
11. Thermo Fisher Scientific
12. Smith’s Medical
13. Hilgenberg GmbH
14. BD
15. Novo Nordisk A/S
16. YPSOMED
17. Owen Mumford
18. HTL-STREFA S.A.
19. B. Braun Melsungen AG
20. ulti med Products (Deutschland) GmbH
21. Allison Medical Inc.
22. Artsana S.p.A.
23. Abbott
24. CONMED Corporation
25. Johnson & Johnson Services, Inc.
26. Retractable Technologies, Inc.
27. Olympus Corporation
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Key questions answered in the Needles Market are:
- What are Needles market segments?
- What is the expected Needles market size by the end of the forecast period?
- What is the expected CAGR of the Needles market during the forecast period?
- What are the emerging trends in the Needles Market?
- What are the factors contributing to the final price of Needles?
- What are the major challenges that the Needles Market could face in the future?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- PESTLE Analysis and Porter’s Five Forces Analysis
- Key Findings
- Analyst Recommendations
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