Market Overview:
The global butterfly needles market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing number of surgical procedures, rising demand for minimally invasive surgeries, and technological advancements in medical devices. In addition, the growing awareness about safety and hygiene among healthcare professionals is also contributing to the growth of this market. Based on type, the global butterfly needles market is segmented into 18-gauge, 21-gauge, 22-gauge, 23-gauge 24 gauge), 25-27 gauge), and others (28 gauge or higher). The 21-24 gauges segment is expected to account for the largest share of this market in 2018. This can be attributed to their high accuracy and low insertion force as compared with other types of needles available in the market.
Product Definition:
Butterfly needles are a type of needle that has two wings on either side of the needle. This design allows for the needle to be easily inserted into a vein and for blood to flow freely through the wings. Butterfly needles are important because they make it easier to draw blood and they cause less pain than other types of needles.
18 to 20-gauge:
18 to 20 gauge is a range of needle sizes. The gauge size refers to the thickness of needles, not the length. 18-gauge is very thin and lightweight; it's used for embroidery and small tasks that require steady hand pressure. It takes less time to learn how to use because there's no need for much strength or weight on the part that holds the needle.
21 to 24-gauge:
21 to 24 gauge is a range of needle sizes used in the manufacture of needles for medical and surgical use. The gauge number indicates the thickness of the needle, which can be measured in terms from 0 to 10. The higher the number, generally means thinner needles are required for comfortable insertion while taking an injection or performing surgery on a patient.
Application Insights:
Based on application, the global butterfly needles market is segmented into hospitals, clinics and other medical facilities and other applications. Hospitals held the largest share of more than 60% in 2017. The hospital segment is expected to continue its dominance over the forecast period owing to increasing number of surgeries globally coupled with rising investments by governments in healthcare infrastructure development.
The clinics and medical facilities application segment was valued at USD 544 million in 2017 owing to growing demand for aesthetic procedures involving needle-free injectable fillers such as collagenase or hyaluronic acid among others that are used for joint injections, wrinkle removal or face rejuvenation procedures among others.
Regional Analysis:
North America dominated the global market in 2017 owing to increasing R&D investments by pharmaceutical companies and a rise in chronic diseases burden. In addition, growing adoption of advanced medical devices is expected to drive the regional market over the forecast period. Asia Pacific is expected to grow at a lucrative rate over the forecast period due to rising healthcare spending and improving healthcare infrastructure in emerging countries such as India, China, Indonesia, Malaysia & Thailand (IMCIT). Moreover, increasing number of product launches coupled with high demand for quality medical products will support regional growth. Europe also accounted for a significant share owing to presence of major players such as B Braun Melsungen AG & Co., KGaA; Medtronic; Stryker Corporation; and Zimmer Biomet Holdings Inc.; among others.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgical procedures is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Butterfly needles are ideally suited for use in minimally invasive surgeries as they provide a large working surface area and good visualization of the target tissue.
- Growing popularity of laparoscopic surgery: Laparoscopic surgery is a type of minimally invasive surgery that uses small incisions (usually 0.5-1 cm) instead of one large incision used in traditional open surgery. This allows the surgeon to work inside the body using specialized instruments inserted through the incisions while viewing the operative field on a video monitor. The popularity of laparoscopic surgery is growing due to its many benefits over traditional open surgery, such as reduced pain and scarring, shorter hospital stays, and faster recovery times. Butterfly needles are well suited for use in laparoscopic surgeries as they provide good visualization of the target tissue and allow easy insertion/removal of instruments from the operative field..
Scope Of The Report
Report Attributes
Report Details
Report Title
Butterfly Needles Market Research Report
By Type
18 to 20-gauge, 21 to 24-gauge, 25 to 27-gauge
By Application
Hospitals, Clinics
By Companies
B. Braun, Vogt Medical, AdvaCare Pharma, Medline, Demophorius Healthcare, JCM MED, Narang Medical, Advin Urology, iscon surgicals ltd., Kangjin Medical Instrument
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Butterfly Needles Market Report Segments:
The global Butterfly Needles market is segmented on the basis of:
Types
18 to 20-gauge, 21 to 24-gauge, 25 to 27-gauge
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B. Braun
- Vogt Medical
- AdvaCare Pharma
- Medline
- Demophorius Healthcare
- JCM MED
- Narang Medical
- Advin Urology
- iscon surgicals ltd.
- Kangjin Medical Instrument
Highlights of The Butterfly Needles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 18 to 20-gauge
- 21 to 24-gauge
- 25 to 27-gauge
- By Application:
- Hospitals
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Butterfly Needles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Butterfly needles are a type of knitting needle that has a long, thin shaft with two points at the end. They're typically used for lace knitting and other delicate fabrics.
Some of the major companies in the butterfly needles market are B. Braun, Vogt Medical, AdvaCare Pharma, Medline, Demophorius Healthcare, JCM MED, Narang Medical, Advin Urology, iscon surgicals ltd., Kangjin Medical Instrument.
The butterfly needles market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Butterfly Needles Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Butterfly Needles Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Butterfly Needles Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Butterfly Needles Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Butterfly Needles Market Size & Forecast, 2018-2028 4.5.1 Butterfly Needles Market Size and Y-o-Y Growth 4.5.2 Butterfly Needles Market Absolute $ Opportunity
Chapter 5 Global Butterfly Needles Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Butterfly Needles Market Size Forecast by Type
5.2.1 18 to 20-gauge
5.2.2 21 to 24-gauge
5.2.3 25 to 27-gauge
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Butterfly Needles Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Butterfly Needles Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Butterfly Needles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Butterfly Needles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Butterfly Needles Analysis and Forecast
9.1 Introduction
9.2 North America Butterfly Needles Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Butterfly Needles Market Size Forecast by Type
9.6.1 18 to 20-gauge
9.6.2 21 to 24-gauge
9.6.3 25 to 27-gauge
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Butterfly Needles Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Butterfly Needles Analysis and Forecast
10.1 Introduction
10.2 Europe Butterfly Needles Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Butterfly Needles Market Size Forecast by Type
10.6.1 18 to 20-gauge
10.6.2 21 to 24-gauge
10.6.3 25 to 27-gauge
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Butterfly Needles Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Butterfly Needles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Butterfly Needles Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Butterfly Needles Market Size Forecast by Type
11.6.1 18 to 20-gauge
11.6.2 21 to 24-gauge
11.6.3 25 to 27-gauge
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Butterfly Needles Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Butterfly Needles Analysis and Forecast
12.1 Introduction
12.2 Latin America Butterfly Needles Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Butterfly Needles Market Size Forecast by Type
12.6.1 18 to 20-gauge
12.6.2 21 to 24-gauge
12.6.3 25 to 27-gauge
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Butterfly Needles Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Butterfly Needles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Butterfly Needles Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Butterfly Needles Market Size Forecast by Type
13.6.1 18 to 20-gauge
13.6.2 21 to 24-gauge
13.6.3 25 to 27-gauge
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Butterfly Needles Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Butterfly Needles Market: Competitive Dashboard
14.2 Global Butterfly Needles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B. Braun
14.3.2 Vogt Medical
14.3.3 AdvaCare Pharma
14.3.4 Medline
14.3.5 Demophorius Healthcare
14.3.6 JCM MED
14.3.7 Narang Medical
14.3.8 Advin Urology
14.3.9 iscon surgicals ltd.
14.3.10 Kangjin Medical Instrument