North America Needles Market Research Reports

North America Needles Market
The North America Needles Market was worth USD 1.6 billion in 2016 and estimated to be
growing at a CAGR of 7.9%, to reach USD 2.34 billion by 2021. The market is showcasing
high growth potential in the mentioned period. It will continue to expand with the recent
developments in Pharmaceutical industry.
Needles are the medical tools which are extremely thin, hollow tubes with a sharp end
which has a tiny opening at the pointed end. A needle is used along with a syringe, which is
made from either glass or plastic and is shaped in the form of a cylinder with a piston at one
end which contains the needle.
North America dominates the global needles market and its leading share is because of the
increasing instances of chronic diseases, initiatives taken by various organizations aimed for
the eradication of blood borne infections, and increasing amount of cardiovascular diseases.
Moreover, the growth in the medical technology has facilitated the easy availability of
different variety of needles and brought more specialization in the industry, thus propelling
the market growth. The only constraint the market faces is the high risk associated with
drug delivery through needles.
The North America Needles market is broadly categorized on the basis of Type into
Conventional Needles, Bevel Needles, Blunt Fill Needles, Filter Needles, Vented Needles,
Safety Needles, Active needles and Passive Needles. On the basis of Product, the market is
segmented into Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental
Needles, Insufflation Needles, Pen Needles and Other Needles. Further, based on Delivery
Mode the segmentation of the market is Hypodermic Needles, Intravenous Needles,
Intramuscular Needles and Intraperitoneal Needles. On the basis of Material, the market is
segmented into Stainless Steel Needles, Plastic Needles, Glass Needles and PEEK Needles.
Lastly, based on End User, the market is segmented as Hospitals & Clinics, Diagnostic
Centers, Home Healthcare and Other End Users.
On the basis of region the North America market is segmented into U.S.A and Canada. Both
the countries are undergoing huge development in the medical sector from the past few
years. The U.S leads the North America market. The Needlestick Safety and Prevention Act
provides specific regulatory guidelines to syringe and needle producers for the
manufacturing of safety syringes.
Some of the major players dominating the North America needles market are Becton,
Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation and Smiths Medical,
Terumo Corporation, Smiths Medical, and Thermo Fisher Scientific.
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