Report Feature
Needle Market Trends and Forecast
The future of the global needle market looks promising with opportunities in the pen, suture, and blood collection, dental, and ophthalmic segments. The global needle market is expected to reach an estimated $9.4 billion by 2028 with a CAGR of 7% from 2023 to 2028. The major drivers for this market are increasing hospitals and surgical centers in emerging countries and growing demand for vaccines globally.
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Needle Market by Segment
The study includes a forecast for the global needle market by needle market by type, product, raw material, and region, as follows:
Needle Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Conventional
- Safety needle
Needle Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
- Pen
- Suture
- Blood Collection
- Dental
- Ophthalmic
Needle Market by Raw Material [Value ($B) Shipment Analysis from 2017 to 2028]:
- Stainless Steel
- Glass
Needle Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Needle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies needle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the needle companies profiled in this report include.
- Medtronic
- Becton
- B. Braun Melsungen
- Stryker Corporation
- Ethicon
- Boston Scientific Corporation
- Terumo Corporation
- Olympus Corporation
- Merit Medical
- Greiner Holding
Needle Market Insights
- .Lucintel forecast that safety needles will remain the largest segment over the forecast period due to reduced risk of needle stick injuries along with lower probability of infection.
- Pen needle segment is projected to record the highest growth due to increasing prevalence of diabetes.
- APAC will remain the largest region due to the increasing cases of chronic diseases in the region and rising government initiatives in promoting awareness.
Features of the Needle Market
- Market Size Estimates: Needle market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Needle market size by various segments, such as by type, product, raw material, and region
- Regional Analysis: Needle market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by type, product, raw material, and regions for the needle market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the needle market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the needle market size?
Answer: The global needle market is expected to reach an estimated $9.4 billion by 2028.
Q2. What is the growth forecast for needle market?
Answer: The global needle market is expected to grow with a CAGR of 7.0% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the needle market?
Answer: The major drivers for this market are increasing hospitals and surgical centers in emerging countries and growing demand for vaccines globally.
Q4. What are the major segments for needle market?
Answer: The future of the needle market looks promising with opportunities in the pen, suture, and blood collection, dental, and ophthalmic segments.
Q5. Who are the key needle companies?
Answer: Some of the key needle companies are as follows:
Answer: The global needle market is expected to reach an estimated $9.4 billion by 2028.
Q2. What is the growth forecast for needle market?
Answer: The global needle market is expected to grow with a CAGR of 7.0% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the needle market?
Answer: The major drivers for this market are increasing hospitals and surgical centers in emerging countries and growing demand for vaccines globally.
Q4. What are the major segments for needle market?
Answer: The future of the needle market looks promising with opportunities in the pen, suture, and blood collection, dental, and ophthalmic segments.
Q5. Who are the key needle companies?
Answer: Some of the key needle companies are as follows:
- Medtronic
- Becton
- B. Braun Melsungen
- Stryker Corporation
- Ethicon
- Boston Scientific Corporation
- Terumo Corporation
- Olympus Corporation
- Merit Medical
- Greiner Holding
Q6. Which needle segment will be the largest in future?
Answer: Lucintel forecast that safety needles will remain the largest segment over the forecast period due to reduced risk of needle stick injuries along with lower probability of infection.
Q7. In needle market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the increasing cases of chronic diseases in the region and rising government initiatives in promoting awareness.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecast that safety needles will remain the largest segment over the forecast period due to reduced risk of needle stick injuries along with lower probability of infection.
Q7. In needle market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the increasing cases of chronic diseases in the region and rising government initiatives in promoting awareness.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
