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Needles Market

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Needles are used for injecting medications or for drawing blood from the body. It has three parts, which includes a long shaft, slanted tip called bevel, and hub which fits in the tip of the syringe.
Needles Market Growth And Future Outlook By
2025
Needles Market – Advancing Technology for Painless Future
Needles are used for injecting medications or for drawing blood from the body. It has three
parts, which includes a long shaft, slanted tip called bevel, and hub which fits in the tip of the
syringe. Different types of needles are routinely used in clinical practice for variety of
applications such as administering medicine within various layers of skin, anesthetic procedure,
and different surgical procedures. Needles are available in different types and different materials
depending upon the need of the clinician. Conventional needles are used for general purpose
medicine administration, fill and filter needles are used for vaccination and other sterile
products, safety needles are used for blood collection and medicine administration in cases in
which chances of contamination from infectious disease high. It also depends on its application
area, for instance pen needles are used by diabetes patients for injecting daily dose of insulin,
blood collection needle are used for diagnostic purposes, and suture needles are used for
surgical purposes.
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The needles market was valued at US$ 5.75 billion in 2017 and is expected to witness a robust
CAGR of 7.6% over the forecast period (2017–2025).
Report includes chapters which deeply display the following deliverable about industry :
• Needles Market Research Objective and Assumption
• Needles Market Purview - Report Description, Executive Summary, and Coherent Opportunity
Map (COM)
• Needles Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory
Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain
Analysis, Porter’s Analysis, and PEST Analysis
• Global Needles Market , By Regions
• Needles Market Competition by Manufacturers including Production, Share, Revenue, Average
Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Needles Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Needles Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers
of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Needles Market Forecast including Production, Consumption, Import and Export Forecast by
Type, Applications and Region.
• Research Findings and Conclusion
High prevalence of chronic diseases worldwide is projected to fuel growth of the needles market
Several factors are associated with increasing adoption of needles worldwide. One of the major
factors is high prevalence of chronic disease across the world, which is propelling demand for
needles. According to the World Health Organization (WHO), in 2017, non-communicable
diseases such as cancer, diabetes, cardiovascular diseases, and lung diseases accounted for
around 70% death worldwide, which was majorly from middle and low income economies.
Furthermore, chronic diseases are expected to account for around 75% of all deaths worldwide
by 2020. Therefore, this is expected to aid in market growth, as needle is an integral part of
chronic disease treatment. For instance, according to Diabetic Atlas by International Diabetes
Federation (IDF), 2017, diabetes affected around 425 million people worldwide. Patients
suffering from diabetes require daily administration of insulin with continuous glucose
monitoring, which in turn is propelling demand for pen needles. Furthermore, the U.S. majorly
invest in treatment of diabetes and cancer, annually. For instance, around US$ 377 Billion are
invested, which account for 52% of the total diabetes expenditure worldwide, according to the
IDF report 2017. Also, according to World Cancer Research Organization, 2014 report, cancer
incidence in the U.S. is one of highest at 328 per 100,000, which is expected to propel growth
of the needles market in this region.
Key players are focusing on strategic mergers and acquisitions and development of innovative
products, in order to enhance their market share. For instance, in September 2017, Becton,
Dickinson and Company introduced BD Ultra-Fine micro pen needle for use with different pen
injection devices, for people with diabetes, in order to reduce accidentally injection of insulin
dose into a muscle and it provides one of shortest length pen needle. Nipro Medical
Corporation launched ‘SafeTouch’ safety needle in 2016, which is known to protect the patients
from needle stick injuries. Terumo Medical Corporation innovative product K-Pack Surshield
launched in 2012 claims to be 20% sharper than its competitor and fits in all types’ syringes.
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Some of the key players operating in the global needles market are Becton, Dickinson and
Company, Medtronic plc, Hamilton Company, Stryker Corporation, Terumo Corporation, B.
Braun Melsungen AG, Boston Scientific Corporation, Nipro Medical Corporation, Novo Nordisk
A/s, Thermo Fisher Scientific, and Smiths Medical.
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge335   documents Email
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