Needles Market (By Type: Conventional, Safety; By Product: Pen, Suture, Blood Collection, Dental, Ophthalmic, Others; By Delivery Mode: Hypodermic, Intravenous, Intramuscular, Others; By Raw Material: Stainless Steel, Glass, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global needles market size is anticipated to around USD 10.2 billion by 2026, this market is anticipated to grow 7.5% CAGR during the forecast time period. The industry is primarily driven by supportive government initiatives along with increasing better healthcare equipment, device, medicines and needles.

Market Dynamics

Increasing consciousness about blood donation along with extensive research and development to produce advance needle technology with extreme safety and accuracy is anticipated to support the market growth in the years to come. The conventional needles sub-segment captures the global needle market in 2018, in terms of revenue share.

Growing geriatric population and need for vaccines are among the main growth-driving factors. Increasing occurrence of numerous chronic diseases and growing numeral of hospitals and clinics in developing nations are also expected to expand the development of this market during the coming years.

Market Insights

Based on product, the market is segmented into pen, suture, blood collection, dental, and ophthalmic needles. Pen needles led the market in 2017 due to factors, such as growing prevalence of diabetes. The segment is also expected to witness the fastest growth over the forecast period. Insulin pen needles are available in a variety of lengths and widths. Conventional pen needles were long and sharp; however, due to advanced technology, small, thin, and pain-free needles are commonly available worldwide.

The safety needles segment is anticipated to observer the fastest CAGR during the forthcoming years owing to decreased risk of needle stick injuries. Also, blood collection needles segment captures a substantial share of the global market in 2018 owing to growing consciousness about blood donation and stringent protocols on blood screening. Such as, tests, Nucleic Acid Amplification Test (NAT) and ELISA, are compulsory in European nations including Germany, France, Italy, Spain, Switzerland, and U.K. Hypodermic segment captures the largest global needles market in 2018. This development is credited to increasing cases of chronic illnesses, for instance, diabetes, and arrival of needles that are friendly with high-power injectable technology and can withstand high pressure.

Market Segmentation

Market By Type

  • Conventional
  • Safety

By Product

  • Pen
  • Suture
  • Blood Collection
  • Dental
  • Ophthalmic
  • Others

Market By Delivery Mode

  • Hypodermic
  • Intravenous
  • Intramuscular
  • Others

Market By Raw Material

  • Stainless Steel
  • Glass
  • Others

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

Europe drove the general market as far as revenue share in 2018. Continually enhancing social insurance foundation in the area is in charge of the market development. In addition, developing populace is adding to the market extension. The Asia Pacific district, then again, is probably going to witness the quickest CAGR over the forthcoming years.

Developing target populace, medicinal services use, and mindfulness about blood donation are some of the key points driving the Asia Pacific market. Nearness of conspicuous organizations, for example, Garter Mechanical Engineering Co., Ltd.(Taiwan), Meditech Devices Pvt. Ltd (India), Nanjing Joyful Industrial Co., Ltd (China) and Neotec Medical Industries Pte. Ltd. (Singapore), in the locale is likewise liable to help market growth.

Market Participants

Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with theneedles areareStryker Corp.; Dickinson and Company; Hilgenberg GmbH; Medtronic PLC; Smiths Medical, Inc.; Becton, Ethicon, Inc.; Thermo Fisher Scientific, Inc.; Novo Nordisk A/S; and Boston Scientific Corporation.


Related Reports

Medical Nonwoven Disposables Market (By Product: Incontinence Hygiene Products, Surgical Non-woven Products; By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Platform) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global medical nonwoven disposables market is forecasted to grow at a CAGR of 6.6% over the forecast time frame and reach around US$ 26.1 billion by 2026. The report provides analysis of global medical non-woven disposables market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Nonwovens are a unique category of textile product enginee

Plastic Surgery Instruments Market (By Type: Handheld Surgical Instruments, Electrosurgical Instruments; By Procedure: Face and Head Procedures, Breast Procedures, Body and Extremities Procedures, Reconstruction Surgeries) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global plastic surgery instruments market size is anticipated to reach around US$ 1.7 billion by 2026 and expected to grow at a CAGR of 8.5% from period 2019 to 2026. Plastic surgery involves the restoration, replacement, alteration and rehabilitation of body regions, such as the head, skin, musculoskeletal, breast and others. The two main kinds of plastic surgery are cosmetic and reconstructive. Cosmetic o

Upper Limb Prosthetics Market (By Component: Prosthetic Arm, Prosthetic Wrist, Prosthetic Shoulder, Prosthetic Elbow, Terminal Devices; By Product: Body Powered Prosthetic Devices, Passive Prosthetic Devices, Hybrid Prosthetic Devices, Myoelectric Prosthetic Devices; By Cause: Vascular Disease and Diabetes, Trauma, Cancer; By End Use: Ambulatory Surgical Centers, Hospitals, Prosthetic Clinics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global upper limb prosthetics market size is expected to worth US$ 1.9 billion by 2026 and poised to grow at a CAGR around 10.5 % from period 2019 to 2026. The prothetics of the upper limbs have gone a long way from their ancient origins to advanced and advanced protheses of today's moments.  Today, the highest prothesis implants consist of aluminum, plastics and sophisticated composite components. The

MRI-Guided Neurosurgical Ablation Market (By Product: Accessories, MRI-guided Laser Ablation Systems, MRI-guided Focused Ultrasound Systems, MRI-guided Radiofrequency Ablation Systems; By End-use: Clinics, Ambulatory Surgical Centers, Hospitals) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global MRI-guided neurosurgical ablation market is forecasted to grow at a CAGR around 4.3% from period 2019 to 2026 and reach around US$ 5.4 billion by 2026. The report provides analysis of global MRI-guided Neurosurgical Ablation market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights An gr

Self-Monitoring Blood Glucose Devices Market (By Product: Continuous Glucose Monitors, Lancets, Self-monitoring Blood Glucose Meters, Testing Strips; By Application: Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes; By End-Use: Home Usage, Hospitals, Diagnostic Clinics & Centers) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction According to Acumen Research and Consulting, The global self-monitoring blood glucose devices market size is expected to reach US$ 19 billion by 2026 and market is growing at a CAGR of 5 % from 2019 to 2026. Diabetes is a clinical disorder in which the blood glucose level rises owing to the pancreas ' incapacity to generate insulin. Monitoring glucose is one of the most important measures in the leadership of diabetes

Ovarian Cancer Diagnostics Market (By Diagnosis Type: Imaging, Biopsy, Blood Test, Others; By Cancer Type: Germ Cell Tumor, Stromal Cell Tumor, Epithelial Tumor, Others; By End-Use: Cancer Diagnostic Centers, Hospital Laboratories, Research Institutes, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction  According to Acumen Research and Consulting, the global ovarian cancer diagnostics market is forecasted to grow at striking CAGR around 5.9 % over the forecast time frame and reach around US$ 1.8 billion by 2026. One of the most prevalent kinds of cancer in females is ovarian cancer. It is a cancer which begins in the ovaries. Ovary is a woman reproductive organ that contains eggs or ova. There are two ovaries i

Cart Summary