Global Needles Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global needles market in its upcoming report titled, “Global Needles Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026”. The global needles market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the global needles market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the global needles market, their financials, supply chain trends, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global needles market report has been segmented on the basis of type, product, delivery mode, material, end user and region.
A needles are thin, cylindrical object, often with a sharp edge. Needles are basically used to inject drugs (medication) under the skin. Needles find its use in application such as blood collection, drug delivery, and numerous other applications. A typical needle works by penetrating the tissue and delivering medication with its sharpened edges. Continuous development in the medical field in order to reduce the increasing cost along with rising prevalence of diseases across the globe enables needles to become very much necessary in today’s healthcare ecosystem.
Direct delivery of drug into systemic circulation for immediate effects of medications, growing geriatric population and increasing number of hospitals in emerging markets are expected to drive the growth of the global needle market. In addition, high prevalence of chronic diseases and lifestyle associated diseases, increasing demand for vaccines, increasing prevalence of diabetes, increasing incidence of cancer and spine disorders, increasing number of blood donations are some of the other factors driving the growth of the needle market.
Incorrect procedure of administrating needles causing infection, bleeding and other adverse side effects, availability of alternative drug delivery methods, needle anxiety among other are factors that are expected to hamper the growth of the market to a certain extent.
Currently, the market in North America dominates the global needles market in terms of revenue. The market in emerging Asian countries offer high-growth opportunities for market players, owing to increasing adoption for needles expected to boost growth of the global needles market. The market in Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years, owing to higher disease burden.
Global needles market segmentation by Product Type:
- Conventional Needles
- Bevel Needles
- Blunt Fill Needles
- Blunt Filter Needles
- Vented Needles
- Safety Needles
Global needles market segmentation by Application:
- Blood Collection
- Drug Delivery
Global needles market segmentation, by Delivery Mode:
Global needles market segmentation, by End User:
- Hospitals & Clinics
- Diagnostic Centres
- Home Healthcare
- Other End Users (Trauma Centres, Blood Banks, Nursing Homes, and Acute Care Centres)
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Medtronic plc
- Ethicon US, LLC
- Misawa Medical Industry Co. Ltd
- Becton, Dickinson and Company (BD)
- Thermo Fisher Scientific Inc.
- Terumo Corporation
- Braun Melsungen AG
- Unilife Corp
- Boston Scientific Corporation
- Novo Nordisk A/S
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