Global Butterfly Needle Sets Market, By Product Type (21G Butterfly Needles, 23G Butterfly Needles, 25G Butterfly Needles, Others), Applications (Venipuncture, Medications Delivery, IV Rehydration, Blood Transfusion), End-User (Hospitals, Specialty Clinics, Blood Banks, Pathology Lab, Others) - Industry Trends and Forecast to 2030.
Butterfly Needle Sets Market Analysis and Size
Butterfly needle sets are a type of a device which is used to access a vein to draw blood or give medications. It is also known as the winged infusion set or a scalp vein set. These needles offer advantages when compared to straight needles such as they allow for more precise placement, mainly in hard-to-access veins.
Data Bridge Market Research analyses that the butterfly needle sets market which was USD 217.87 million in 2022, is expected to reach USD 418.40 million by 2030, and is expected to undergo a CAGR of 7.98% during the forecast period. “IV Rehydration” dominates the appication segment of the butterfly needle sets market owing to rising patient population opting for IV rehydration. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Butterfly Needle Sets Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (21G Butterfly Needles, 23G Butterfly Needles, 25G Butterfly Needles, Others), Applications (Venipuncture, Medications Delivery, IV Rehydration, Blood Transfusion), End-User (Hospitals, Specialty Clinics, Blood Banks, Pathology Lab, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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BD (U.S.), Terumo Medical Corporation (Japan), Nipro Europe Group Companies (Netherlands), B. Braun Melsungen AG (Germany), Kawasumi (Japan), Cardinal Health (U.S.), Medline Industries, Inc. (U.S.), Angiplast (India), Narang Medical Limited (India), ISCON SURGICALS LTD. (India), AdvaCare Pharma (U.S.)
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Market Opportunities
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Market Definition
Butterfly needle sets, also known as winged infusion sets, are medical devices used for intravenous (IV) therapy and blood collection. They consist of a thin, flexible tubing with a small butterfly-shaped wing at one end for secure and easy handling. The needle at the other end is typically used for venipuncture, allowing healthcare professionals to access a patient's veins with precision and minimize discomfort. Butterfly needle sets are commonly used in hospitals, clinics, and for home healthcare applications.
Butterfly Needle Sets Market Dynamics
Drivers
- Rising Prevalence of Chronic Diseases
The increasing incidence of chronic diseases, such as diabetes, cancer, and cardiovascular conditions, necessitates regular blood tests and intravenous therapies, driving the demand for butterfly needle sets
- Increased Awareness of Infection Control
Heightened awareness of infection control measures in healthcare settings has led to a preference for disposable butterfly needle sets, as they reduce the risk of needlestick injuries and cross-contamination
Opportunity
- Technological Advancements
Continuous innovation in needle set design, materials, and safety features can lead to product differentiation and market advantage. Companies can invest in research and development to create more efficient and patient-friendly needle sets telemedicine and remote monitoring
Restraint/Challenge
- Safety Concerns
Despite advancements in needle safety features, the risk of needlestick injuries remains a concern for healthcare workers, leading to resistance in some cases. This factor can impede market growth and pose barriers for market players in the forecast period from 2023 to 2030
This butterfly needle sets market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the butterfly needle sets market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth
Global Butterfly Needle Sets Market Scope
The butterfly needle sets market is segmented on the basis of product type, applications and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- 21G Butterfly Needles
- 23G Butterfly Needles
- 25G Butterfly Needles
- Others
Applications
- Venipuncture
- Medications Delivery
- IV Rehydration
- Blood Transfusion
End-Users
- Hospitals
- Specialty Clinics
- Blood Banks
- Pathology Lab
- Others
Global Butterfly Needle Sets Market Regional Analysis/Insights
The butterfly needle sets market is analysed and market size insights and trends are provided by country, product type, applications and end-Users as referenced above.
The countries covered in the butterfly needle sets market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America region leads the butterfly needle sets market owing to the rise in the prevalence of chronic diseases among the population and the presence of well-established healthcare infrastructure.
Asia-Pacific is expected to expand at a significant growth rate over the forecast period from 2023 to 2030 because of the rise in health care infrastructure and rapid surge in geriatric population coupled with chronic diseases.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The butterfly needle sets Market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for butterfly needle sets market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the butterfly needle sets market. The data is available for historic period from 2010 to 2020.
Competitive Landscape and Butterfly Needle Sets Market Share Analysis
The butterfly needle sets market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to butterfly needle sets market.
Some of the major players operating in the butterfly needle sets market are
- BD (U.S.)
- Terumo Medical Corporation (Japan)
- Nipro Europe Group Companies (Netherlands)
- B. Braun Melsungen AG (Germany)
- Kawasumi (Japan)
- Cardinal Health (U.S.)
- Medline Industries, Inc. (U.S.)
- Angiplast (India)
- Narang Medical Limited (India)
- ISCON SURGICALS LTD. (India)
- AdvaCare Pharma (U.S.)
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