Global Needles
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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"Global Needles market size 2023 was XX Million. Needles Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Type |
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Market Split by Product |
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Market Split by End User |
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Market Split by Material |
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Market Split by Delivery Mode |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Needles industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Needles Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Needles are injectable tools that are used with injections to give the body medication. They are adjusted in the syringes and also utilized to collect samples and inject different pharmaceutical medications into the body. The needle consists of a long shaft, bevel (slanted tip), and hub (fits syringe tip) and is made up of various materials including glass, plastic, stainless steel, and Polyetheretherketone. There are various types of needles used in clinical practices for various purposes, including anesthetic procedures, surgery procedures, dental procedures, blood processing, and drug administration on various body parts. Conventional needles and safety needles are two types of needles. Conventional needles are used for medical administration generally whereas safety needles are used for blood collection, especially in cases where there is a chance of contamination and infection.
Market Dynamics of the Needles:
The federal government's increased support will likely accelerate market expansion. Additionally, the development and expansion of the healthcare sector, pushed by both public and private players, particularly in developing nations, will provide an attractive potential for market expansion. High returns on investments, which are guaranteed by research efforts, would also benefit the market. Additionally, the market growth rate is positively impacted by an increase in the number of drug development activities, a rise in personal disposable income, the introduction of technologically advanced products in hospitals, increased investment in the development of cutting-edge medical products and devices, and an increase in the number of pharmacies.
The demand for needles is increasing due to the increasing prevalence of chronic disorders like cancer, diabetes, and others, and the number of hospitals and surgical centers is increasing. According to the Centre for Disease Control and Prevention, about six Americans out of 10 suffer from at least one chronic disorder. The increasing prevalence of diabetes has significantly increased in demand for insulin needles to maintain the blood glucose level of patients. The aging population and lifestyle changes are other factors that are proven to be the chronic disorder that drives the demand for the needles market.
A major threat to the market of needles is the needlestick injuries and infections that are caused by needles which lead to serious complications. Needlestick injuries are formed due to the penetration of the skin by a needle that has been in contact with blood, tissue, and other body fluids. More than 25 blood-borne virus infections have been reported to have been caused by healthcare workers and laboratory personnel. This can be prevented by focusing on healthcare workers who are at high risk.
Impact of the COVID-19 Pandemic on the Needles:
The needle market has been positively impacted by COVID-19. In the outbreak of covid 19, many patients have shifted their hospital care to home care, due to the strict lockdown across the countries which increases the demand for the needles market. Furthermore, the COVID-19 pandemic has boosted the demand for medical equipment and supplies including needles. Therefore, COVID-19 has favorably impacted the needle market. Worldwide research and development activity for drugs and other medical treatments increased as a result of this pandemic. The expansion in needle demand was directly affected by increased financing for initiatives related to COVID-19 vaccine research. Additionally, the market expansion was further increased due to the rate of increased hospitalization.
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Competitive Analysis of the Needles Market:
The major key players operating in the needles market are Braun Melsungen AG, Smiths Medical, Medtronic, Novo Nordisk A/S, Vygon S.A, Nipro Corporation, Terumo Medical Corporation, Becton, Dickinson and Company, Retractable Technologies, Inc, Vita Needle Company, Mylan N.V, Catalent, Inc, MHC Medical Products, Gerresheimer AG, Hi-Tech Syringes, Medline Industries, Unilife Corporation, DeRoyal, Roche Diabetes Care, and Siemens.
Recent Developments:
May 2022
Roche Diabetes launched Accu-Fine pen needles
Roche Diabetes launched Accu-Fine pen needles that deliver painless and smooth insulin to diabetes patients which aimed to make the process of insulin delivery easier thereby leading to better diabetes management for people with diabetes.
Top Companies Market Share in Needles Industry: (In no particular order of Rank)
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Regional Analysis:
North America dominates the needles market
Due to its established healthcare infrastructure and top players, North America has maintained its market supremacy for needles. Additionally, the need for hormone injections and supplements as well as rising medical costs support the market's rise. The demand for needles is mainly driven by the growing usage of injectable medications and the preference for injection due to its benefits over oral drug delivery, including maximum bioavailability and quick onset of action. The region dominated the market due to its strong healthcare infrastructure, well-established distribution channels for manufacturers of needle products, increased investments from major players in emerging technologies, and cutting-edge research activities. The segment is likely to grow because chronic illnesses are becoming more common in the region.
The current report Scope analyzes Needles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Needles Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Needles Industry growth. Needles market has been segmented with the help of its Type, Product End User, and others. Needles market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Safety needles are expected to be the fastest-growing segment
By type, the needles market is bifurcated into conventional needles and safety needles. The safety needles segment is anticipated to grow at the fastest rate throughout the projected period. This development can be attributed to the decreased risk of needle stick injuries that these devices provide, as these injuries can lead to the transmission of bloodborne infections including HIV and the viruses that cause hepatitis B and C. Safety needles are more cost-effective, more convenient, and less likely to cause infections. When pressing the plunger to inject the drug, the NMT kind of safety syringe activates an automated retraction technology. All models of syringes with safety needles have simple, one-step activation of the safety mechanism. The majority of workers of healthcare preferred safety needle technology over conventional devices due to beneficial factors like accuracy, operation time, and fast use design.
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Pen needles dominated the global market, in 2022
By product, the needles market is bifurcated into blood collection, suture, ophthalmic, dental, insufflation, and pen needles. Due to the increasing cases of diabetes and the availability of wide ranges of lengths and diameters, its demand is rising. As pen needles are widely used in hospitals, they can reduce the accidental puncture risk through a retractable shield that locks automatically. It also reduces infections and injuries due to its sharp-edged injury protection. Due to its simplicity, convenience, and easy usage, pen needles dominate the market over conventional needles during the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The hospital segment dominated the needles market over the forecast period
The needles market is divided into hospitals, home healthcare, and diagnostics centers based on end users. The hospital segment dominated the needle market over the forecast period as the needles are widely used in hospitals for various purpose which includes vaccinations, blood collection, injecting medications, drug delivery, and other usage. The rising number of chronic disorders as well as surgical procedures also drives the segment growth. For instance, diabetes is the most common chronic disorder, and needles are required for the diagnosis or detection, and injection of insulin in patients suffering from this disorder boosts segment growth. This needle market is driving the growth of this segment.
Stainless steel needles are expected to hold the largest share, in 2022
Based on material, the needles market is divided into plastic, stainless steel, glass, and polyetheretherketone needles. Stainless steel needles are expected to hold the largest share due to their anti-corrosion property. These needles are made of chromium steel and are long-lasting as they can be used multiple times. These needles are easy to use and precise and do not break and bend during usage. As stainless-steel needles have many advantages it is expected to witness steady growth during the for5ecats period.
Hypodermic needles are estimated to hold the major share of the market
The needles market is divided into hypodermic, intravenous, intramuscular, and intraperitoneal needles by delivery mode. Hypodermic needles are estimated to hold the major share of the market as these needles are used to inject drugs into the subcutaneous layer of the skin which enables the active components to be quickly and easily absorbed into the bloodstream of an individual, which is the key factor contributing to the market growth of the segment. They are also used when injectable medications cannot be consumed by the oral route.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Needles Market is witnessing significant growth in the near future.
In 2023, the Conventional Needles segment accounted for noticeable share of global Needles Market and is projected to experience significant growth in the near future.
The Blood Collection Needles segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hamilton, BD and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Conventional Needles, Safety Needles |
Product | Blood Collection Needles, Suture Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles |
End User | Hospitals, Diagnostic Centers, Home Healthcare |
Material | Glass Needles, Plastic Needles, Polyetheretherketone Needles, Stainless Steel Needles |
Delivery Mode | Hypodermic Needles, Intravenous Needles, Intramuscular Needles, Intraperitoneal Needles |
List of Competitors | Hamilton, Medtronic, BD, Stryker, B. Braun, Boston Scientific, Terumo Corporation, Novo Nordisk, Smiths Medical, Thermo Fisher Scientific |
This chapter will help you gain GLOBAL Market Analysis of Needles. Further deep in this chapter, you will be able to review Global Needles Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Product Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
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Chapter 13 Market Split by Material Analysis 2019 -2031
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Chapter 14 Market Split by Delivery Mode Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Needles market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Conventional Needles have a significant impact on Needles market? |
What are the key factors affecting the Conventional Needles and Safety Needles of Needles Market? |
What is the CAGR/Growth Rate of Blood Collection Needles during the forecast period? |
By type, which segment accounted for largest share of the global Needles Market? |
Which region is expected to dominate the global Needles Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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