Needle Market - Trends Forecast Till 2028

Needle Market, By Type (Conventional Needles, Safety Needles), Product (Pen Needles, Suture Needles, Blood Collection Needles, Dental Needles, Insufflations Needles, Ophthalmic Needles, Others), Delivery Mode (Hypodermic, Intravenous, Intramuscular, Others), Material(Glass Needles, Plastic Needles, Stainless Steel/Metallic Needles, Polyetheretherketone (PEEK) Needles), End User (Hospitals, Diagnostic Centers, Diagnostic Centers), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America

Published Date: September, 2020

Base Year Estimate: 2019

Report ID: D-HC-NM-43

Format:  

Number of Pages: 178

Domain: Healthcare

Needle Market – Trends Forecast Till 2028

The global needle market is anticipated to reach USD 9.24 billion by 2020 growing at a CAGR of 6.2% during the forecasting period, 2020-2028. Needles are one of the medical tools which are used to put liquid, such as medicines, into the body or to remove a liquid, such as blood, from the body.  It has various types like pen needles, suture needles, blood collection needles, dental needles, insufflations needles, and ophthalmic needles. Factors such as the increasing geriatric population and demand for vaccines are some of the major drivers for the needle market

Needle Market – Trends Forecast Till 2028

The global needle market is segmented into type, product, delivery mode, material, end-user, and geography.

The type segment is segmented into Conventional Needles, Safety Needles. Conventional needles are further segmented into Bevel Needles, Blunt Fill Needles, Vented Needles, Filter Needles. Safety Needles is further segmented into Active Needles and Passive Needles.

The product segment is segmented into Pen Needles, Suture Needles, Blood Collection Needles, Dental Needles, Insufflations Needles, Ophthalmic Needles, and Others

Delivery Mode segment is segmented into Hypodermic, Intravenous, Intramuscular, Others

The material segment is segmented into Glass Needles, Plastic Needles, Stainless Steel/Metallic Needles and Polyetheretherketone (PEEK) Needles

The end-User segment is segmented into Hospitals, Diagnostic Centers, and Diagnostic Centers

Geographically, the global needle market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions 

North America region is the largest contributor to the needle market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Key players in the global needle market are Medtronic PLC, Thermo Fisher Scientific Inc., Boston Scientific Corporation, Cook Medical, Ethicon Us, LLC, Novo Nordisk A/S, Becton, Dickinson And Company, Stryker Corporation, Olympus Corporation, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Ypsomed Holding, Integra Lifesciences Corporation, Argon Medical Devices, Inc., Galil Medical Inc, Allison Medical, Inc., Hamilton Company, Precision Medical Products, Inc., Unimed Sa, Smiths Medical, Sigma-Aldrich, Aspen Surgical, A. Menarini Diagnostics, Vita Needle Company and among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2019, Thermo Fisher Scientific Inc has announced to acquire Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies.
  • In 2019, B. Braun Medical Inc. has announced the launch of Heparin Sodium Injection, USP - the first Heparin 5,000 USP Unit / 0.5 mL prefilled syringe with attached safety needle for subcutaneous and intravenous use in the United States

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

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In addition to the market data for the needle market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirement.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the needle market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global needle market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technology developments. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the needle market.

The primary respondent breakdown is provided below:

Needle Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the needle market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for needle market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Features

Description

Market Revenue In 2020

USD 9.24 billion

Growth Rate

CAGR of 6.2% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year 

2019

Units Considered

Revenue in USD billion and CAGR from 2020 to 2028

Report Segmentation

Type, Product, Delivery Mode, Material, End-User, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Medtronic PLC, Thermo Fisher Scientific Inc., Boston Scientific Corporation, Cook Medical, Ethicon Us, LLC, Novo Nordisk A/S, Becton, Dickinson And Company, Stryker Corporation, Olympus Corporation, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Ypsomed Holding, Integra Lifesciences Corporation, Argon Medical Devices, Inc., Galil Medical Inc, Allison Medical, Inc., Hamilton Company, Precision Medical Products, Inc., Unimed Sa, Smiths Medical, Sigma-Aldrich, Aspen Surgical, A. Menarini Diagnostics, Vita Needle Company and among others

Available Customization 

In addition to the market data for the needle market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirements.

 

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