Market Overview:
The global medical needles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in medical needles. Based on type, the insulin pen needles segment is expected to account for the largest share of the global medical needles market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period. The growth in this segment can be attributed to factors such as increasing incidence of diabetes and growing demand for insulin pens globally. Based on application, hospitals are expected to account for the largest share of the global medical needles market in 2018. This segment is projected grow at a CAGR 4% duringthe forecast period from2018-2030 .
Product Definition:
Medical needles are thin, sharp objects that are used to inject medication or draw blood from a patient. They come in various sizes and can be made of metal or plastic. Medical needles are an important tool in the medical field, as they allow doctors to administer medication and collect blood samples quickly and easily.
Insulin Pen Needles:
Insulin pen needles are used by patients who self-administer insulin through injection pens. The product is available in different sizes and has a capacity of holding various dosage forms including rapid acting short acting long acting premixed insulin among others. Insulin pen needles have the ability to connect with most standard diabetes management software such as YPEN, DASH, JUDDD or any other software that supports plug in connection for automatic updates and data tracking.
Suture Needle:
Suture needle is used to pass through the skin and into the body cavity in order to fasten or hold a suturing device such as needle, thread, or elastic. Suture needles are available in various sizes and shapes according to the need of procedure. The most commonly used sutures are absorbable ones which get dissolved inside the body after a few days. Sutures can be single-use or multi-use depending on what kind of wound it is being applied too.
Application Insights:
Based on the application, the global medical needles market is segmented into hospital, clinic and ASCs. The hospital segment dominated the overall market in terms of revenue in 2017. Increasing cases of infectious diseases and cancer coupled with rising geriatric population are some of the major factors driving this segment growth. Moreover, an increase in number of surgeries has also positively influenced this growth. As per WHO estimates, there will be approximately 6-7 billion additional healthcare needs over next 15 years globally which is expected to boost product demand further (Ref).
The ASCs or independent health facilities are anticipated to grow at a lucrative rate during forecast period owing to increasing awareness about affordable healthcare services especially after 2014 when Obamacare was introduced in U.S (Ref). According to a study published by NCBI, around 40% - 60% cost reduction compared with traditional care hospitals can be achieved by using alternative medicine such as homeopathy (Ref).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced medical devices, and increasing R&D activities for the development of innovative products are some factors responsible for its large share. Moreover, growing diabetic population and rising prevalence of chronic diseases are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare facilities & infrastructure in emerging countries such as China & India and increasing patient pool due to a rise in diabetes cases especially among youth population (15-40 years). In addition, favorable government initiatives coupled with an increase in research funding by private companies will boost product penetration over this period.
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. The rise in the number of patients suffering from chronic diseases will lead to an increase in demand for medical needles and other related products and services.
- Technological advancements: Medical needle manufacturers are constantly innovating their products to make them more user-friendly and efficient. This is helping to drive growth in the medical needles market. For instance, some manufacturers are now offering disposable needles that can be used just once and then discarded safely without any risk of infection or contamination.
- Growing awareness about hygiene: There is a growing awareness among people about the importance of hygiene, especially with regards to healthcare facilities and equipment used therein Such growing awareness is leading more people to opt for hygienic medical needle products over traditional ones that may not be as safe or sanitary..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Needles Market Research Report
By Type
Insulin Pen Needles, Suture Needle, Hypodermic Needle, Ophthalmic Needle, Dental Needle, Others
By Application
Hospital, Clinic, ASCs
By Companies
BD, Johnson & Johnson, Novo Nordisk, Nipro, WEGO, Terumo, B.Braun, Smiths Medical, Medtronic, Ypsomed, Teleflex, MTD, Smith & Nephew, Cardinal Health
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Medical Needles Market Report Segments:
The global Medical Needles market is segmented on the basis of:
Types
Insulin Pen Needles, Suture Needle, Hypodermic Needle, Ophthalmic Needle, Dental Needle, Others
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
Hospital, Clinic, ASCs
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:
- BD
- Johnson & Johnson
- Novo Nordisk
- Nipro
- WEGO
- Terumo
- B.Braun
- Smiths Medical
- Medtronic
- Ypsomed
- Teleflex
- MTD
- Smith & Nephew
- Cardinal Health
Highlights of The Medical 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:
- Insulin Pen Needles
- Suture Needle
- Hypodermic Needle
- Ophthalmic Needle
- Dental Needle
- Others
- By Application:
- Hospital
- Clinic
- ASCs
- 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 Medical 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Medical needles are thin, sharp objects used to inject medications into the body. They come in a variety of shapes and sizes, and can be made from a variety of materials including metal, plastic, or glass.
Some of the major players in the medical needles market are BD, Johnson & Johnson, Novo Nordisk, Nipro, WEGO, Terumo, B.Braun, Smiths Medical, Medtronic, Ypsomed, Teleflex, MTD, Smith & Nephew, Cardinal Health.
The medical 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 Medical 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 Medical Needles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical 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 Medical 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 Medical Needles Market Size & Forecast, 2020-2028
4.5.1 Medical Needles Market Size and Y-o-Y Growth
4.5.2 Medical Needles Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Insulin Pen Needles
5.2.2 Suture Needle
5.2.3 Hypodermic Needle
5.2.4 Ophthalmic Needle
5.2.5 Dental Needle
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 ASCs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical 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 Medical 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Insulin Pen Needles
9.6.2 Suture Needle
9.6.3 Hypodermic Needle
9.6.4 Ophthalmic Needle
9.6.5 Dental Needle
9.6.6 Others
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 Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 ASCs
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Insulin Pen Needles
10.6.2 Suture Needle
10.6.3 Hypodermic Needle
10.6.4 Ophthalmic Needle
10.6.5 Dental Needle
10.6.6 Others
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 Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 ASCs
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Insulin Pen Needles
11.6.2 Suture Needle
11.6.3 Hypodermic Needle
11.6.4 Ophthalmic Needle
11.6.5 Dental Needle
11.6.6 Others
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 Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 ASCs
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Insulin Pen Needles
12.6.2 Suture Needle
12.6.3 Hypodermic Needle
12.6.4 Ophthalmic Needle
12.6.5 Dental Needle
12.6.6 Others
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 Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 ASCs
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Insulin Pen Needles
13.6.2 Suture Needle
13.6.3 Hypodermic Needle
13.6.4 Ophthalmic Needle
13.6.5 Dental Needle
13.6.6 Others
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) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 ASCs
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 Medical Needles Market: Competitive Dashboard
14.2 Global Medical Needles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BD
14.3.2 Johnson & Johnson
14.3.3 Novo Nordisk
14.3.4 Nipro
14.3.5 WEGO
14.3.6 Terumo
14.3.7 B.Braun
14.3.8 Smiths Medical
14.3.9 Medtronic
14.3.10 Ypsomed
14.3.11 Teleflex
14.3.12 MTD
14.3.13 Smith & Nephew
14.3.14 Cardinal Health
