Needles
Needles

Global Needles Market Identifies the Key Drivers of Growth Opportunities, Major Competitors and Challenges of the Key Industry Players Forecast 2026

Global needles market is registering a substantial CAGR of 9.50% in the forecast period of 2019-2026. This rise in the market value can be attributed to various deep researches being done by the global players to introduce the needle technology with maximum precision and safety.

Needles Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares needles market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Needles are used with injections to deliver medications to the body. They are used for various applications like blood collection, dental, surgeries and many others. It fits in the part of the syringe and has three parts such as long shaft, bevel and hub. They are categorized as conventional needles and safety needles.

Key Market Competitors:

Few of the major market competitors currently working in the global needles market are BD, Novo Nordisk A/S, YPSOMED, Owen Mumford, HTL-STREFA S.A., B. Braun Melsungen AG, Terumo Corporation, ulti med Products (Deutschland) GmbH, Allison Medical Inc., Artsana S.p.A., Thermo Fisher Scientific, Smiths Group plc, Boston Scientific Corporation, Hamilton Company, Abbott, CONMED Corporation, Johnson & Johnson Services, Inc., Medtronic, Retractable Technologies, Inc., Smith & Nephew, Stryker, Olympus Corporation among others.

Segmentation: Global Needles Market

  • By Type (Conventional Needles, Safety Needles)
  • By Product (Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles, Other Needles)
  • By Delivery Mode (Hypodermic Needles, Intravenous Needles, Intramuscular Needles, Intraperitoneal Needles)
  • By Material (Glass Needles, Plastic Needles, Stainless Steel Needles, Polyether Ether Ketone Needles)
  • By Distribution Channel (Direct Tenders, Retail)
  • By End User (Hospitals, Diagnostic Centers, Home Healthcare, Others)
  • By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

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Market Drivers

  • High prevalence of chronic diseases worldwide, is driving the growth of the market
  • Rise in the geriatric population, has fueled the growth of the market
  • Surge in the numbers of hospitals and clinics in the emerging countries, fosters the growth of the market
  • High demand for vaccine globally, which is increasing the demand for the needles globally
  • Rise in the awareness among the people for blood donation, which is driving the growth of the market

Market Restraints

  • There are various incidents of needle stick injuries and infections, which is restricting the growth of the market
  • Lack of skilled physicians, which restricts the growth of the market

Reasons to Purchase this Report

  • Current and future of global needles market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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