Global Needles Market, By Type (Conventional Needles and Safety Needles), Product (Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles, and Other Needles), Delivery Mode (Hypodermic Needles, Intravenous Needles, Intramuscular Needles, and Intraperitoneal Needles), Material (Glass Needles, Plastic Needles, Stainless Steel Needles, and Polyether Ether Ketone Needles), Distribution Channel (Direct Tenders and Retail), End User (Hospitals and Diagnostic Centers, Home Healthcare and Others) – Industry Trends and Forecast to 2029
Global Needles Market Analysis and Size
Growing number of surgical procedures is creating lucrative growth opportunities for the market. Some of the major players operating in this market are Medtronic (Ireland), Ethicon US, LLC. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Novo Nordisk A/S (Denmark), BD (U.S.) and PerkinElmer, Inc. (US).
- Data Bridge Market Research analyses that the needles market is expected to undergo a CAGR of 8.25% during the forecast period. This indicates that the market value, which was USD 7.16 billion in 2021, would rocket up to USD 14.75 billion by 2029. “Hospitals and Diagnostic Centers” dominates the application segment of the needles market owing to increasing number of hospitals in the developing regions. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Needles are the injectable devices that are used with injections to provide medications to the body. They are also used to collect the samples and inject various pharmaceutical drugs into the body and are adjusted in the syringes.
Report Metric |
Details |
Forecast Period |
2022 to 2029 |
Base Year |
2021 |
Historic Years |
2020 (Customizable to 2019 - 2014) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Type (Conventional Needles and Safety Needles), Product (Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles, and Other Needles), Delivery Mode (Hypodermic Needles, Intravenous Needles, Intramuscular Needles, and Intraperitoneal Needles), Material (Glass Needles, Plastic Needles, Stainless Steel Needles, and Polyether Ether Ketone Needles), Distribution Channel (Direct Tenders and Retail), End User (Hospitals and Diagnostic Centers, Home Healthcare and Others) |
Countries Covered |
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. |
Market Players Covered |
Medtronic (Ireland), Ethicon US, LLC. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Novo Nordisk A/S (Denmark), BD (U.S.), Stryker (U.S.), and Boston Scientific Corporation (U.S.), Luminex Corporation (US), Illumina, Inc (US), Bio-Rad Laboratories, Inc. (US), QIAGEN (Netherlands), Abcam plc (UK), Merck KGaA (Germany), Promega Corporation (US), Siemens (Germany), PerkinElmer, Inc. (US) and Shimadzu Corporation (Japan) |
Needles Market Dynamics
Drivers
- Rising prevalence of cancer
Surging incidence rate of cancer all around the globe is carving the way for the growth of the market. Also, increasing number of other chronic and acute diseases has further induced growth in the market demand and supply. Rising number of diseases in pets is yet again another market determinant.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the integration of advanced technologies in the healthcare facilities and on the detection of infectious diseases is also bolstering the market growth rate.
- Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Also, high return on investments assured by the research activities will also work in the favour of the market.
Additionally, growing number of drug development activities, surge in the personal disposable income level, introduction of technologically driven products in hospitals, increasing investment for the development of advanced medical products and devices and growing number of pharmacies, positively affect the market growth rate.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, rising geriatric population base and conducive regulatory policies for the approval of new injectables will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, increase in the self-administration of drugs, growing utilization of safety needles and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges Global Needles Market
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and stringent regulations imposed on the pharmacies regarding the sale of needles are expected to obstruct market growth. Also, lack of favourable reimbursement scenario and technology penetration in the developing economies, limited reimbursement policies for microbiology testing procedures, utilization of needle-free injection technology, rising needlestick injuries and infections, growing focus on the development of alternative drug delivery methods and lack of skilled working professionals for conducting diagnostics tests in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
This needles 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 needles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Needles Market
COVID-19 has significantly and positively impacted the market. This pandemic led to the rise in drug development and research and development activities all around the globe. Increased funding for operations pertaining to vaccine development against the COVID infection directly influenced the growth in demand for needles. Further, increased rate of hospitalization further infused growth of the market. Not just that, the future for needles is bright owing to the rising number of hospitals and other healthcare facilities all around the globe.
Global Needles Market Scope
The needles market is segmented on the basis of type, product, delivery mode, material, distribution channel 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.
Type
- Conventional Needles
- Safety Needles
On the basis of type, the needles market is segmented into conventional needles and safety needles.
Product
- Suture Needles
- Blood Collection Needles
- Ophthalmic Needles
- Dental Needles
- Insufflation Needles
- Pen Needles
- Other Needles
On the basis of product, the needles market is segmented into suture needles, blood collection needles, ophthalmic needles, dental needles, insufflation needles, pen needles, and other needles.
Delivery Mode
- Hypodermic Needles
- Intravenous Needles
- Intramuscular Needles
- Intraperitoneal Needles
On the basis of delivery mode, the needles market is segmented into hypodermic needles, intravenous needles, intramuscular needles, and intraperitoneal needles.
Material
- Glass Needles
- Plastic Needles
- Stainless Steel Needles
- Polyether Ether Ketone Needles
On the basis of material, the needles market is segmented into glass needles, plastic needles, stainless steel needles, polyether ether ketone needles.
Distribution Channel
- Direct Tenders
- Retail
On the basis of distribution channels, the needles market is segmented into direct tenders, retail.
End Users
- Hospitals and Diagnostic Centers
- Home Healthcare
- Others
On the basis of end-users, the needles market is segmented into hospitals, diagnostic centers, home healthcare, others.
Needles Market Regional Analysis/Insights
The needles market is analysed and market size insights and trends are provided by country, type, product, delivery mode, material, distribution channel and end user as referenced above.
The countries covered in the needles 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 dominates the needles market because of the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, well-established distribution channels for needles product manufacturers and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, and the growing demand for quality healthcare in the region.
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 like down-stream and upstream 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 needles 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 needles market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the needles market. The data is available for historic period 2010-2020.
Competitive Landscape and Needles Market Share Analysis
The needles 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 companies' focus related to needles market.
Some of the major players operating in the needles market are Medtronic (Ireland), Ethicon US, LLC. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Novo Nordisk A/S (Denmark), BD (U.S.), Stryker (U.S.), and Boston Scientific Corporation (U.S.), Luminex Corporation (US), Illumina, Inc (US), Bio-Rad Laboratories, Inc. (US), QIAGEN (Netherlands), Abcam plc (UK), Merck KGaA (Germany), Promega Corporation (US), Siemens (Germany), PerkinElmer, Inc. (US) and Shimadzu Corporation (Japan) among others.
Research Methodology : Global Needles Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-needles-market
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