Needles Market

Needles Market
Needles Market was worth USD 6.24 billion in 2018 and estimated to be growing at
a CAGR of 7.7%, to reach USD 9.04 billion by 2023. The market is showing high
growth potential in the mentioned period. It will continue to expand with the recent
developments in Pharmaceutical industry.
Needles are the sterile devices which help in injecting solutions in the human
body. Needles are hollow metal tube with a pointed tip and are also used to
separate different types of body fluids, like tissues from swollen parts and blood
from veins. A needle comes 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 and an
opening which holds the needle.
Increasing instances of chronic diseases, rising geriatric population and
advancement in technology of needle based drug delivery are the major driving
forces for the global needles market. However, high risk associated with drug
delivery by syringes and needles hamper the growth of the global needles market.
Moreover, increased risk of needle stick injuries and availability of alternatives
also hampers the growth of global syringes and needles market.
The Global 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 global market is segmented into North America, Asia-
Pacific, Europe, Latin America and Middle-East and Africa. North America and
Europe dominate the global needles market. This is because of different types of
government legislative reforms. However, Asia-pacific is expected to grow at the
highest CAGR in the forecasting period of global needles market because of
increasing geriatric population.
Some of the major competitors dominating the global needles market are Becton,
Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation and
Smiths Medical, Terumo Corporation, Smiths Medical, and Thermo Fisher
Scientific.
TABLE OF CONTET
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
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