Market Overview:
The global prefilled 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 demand for prefilled syringes and rising prevalence of chronic diseases. In addition, the growing number of approvals for new drugs is also contributing to the growth of this market. Based on type, the global prefilled needles market can be segmented into 0.45mm, 0.5mm, 0.6mm, and 0.7mm segments. The 0 .
Product Definition:
Prefilled needles are a medical device that is used to inject a substance into the body. They are often used for injections such as vaccinations or medications. The needles come pre-filled with the substance that is to be injected, which makes them easy and convenient to use.
0.45mm:
0.45mm is the smallest size of needle used by dental professionals for injecting local anesthetics during a dental procedure. The growth factor in 0.45mm syringes is much higher than that in 1 ml and 5 ml syringes, which makes it more preferred by dentists while performing injections during procedures such as drilling, filling, crowning and bonding among others.
The global prefilled needles market was valued at USD 648 million in 2018.
0.5mm:
0.5mm is the thinnest needle available in the pre-filled needles market. It's thinness makes it suitable for people who have problems with thick needles and prefer to use 0.5mm rather than 1mm or 1.5 mm pre-filled syringes/injectors, which are available in other brands of needles (1 mm and above).
Application Insights:
The other application segment held the largest share of the global prefilled needles market in 2017. This is due to an increase in demand for these products from other medical applications such as diagnostic laboratories and research facilities. The needlestick risk associated with these products has resulted in their increased use across various industries, which include pharmaceuticals, biotechnology, food processing and manufacturing and others.
Hospitals were the largest revenue-generating segment for this industry owing to factors such as increasing patient admissions resulting from a rise in population along with ongoing renovations at hospitals across various regions globally. In addition, government initiatives that aim to improve healthcare infrastructure are expected to boost product demand over the forecast period globally.
Regional Analysis:
North America dominated the global prefilled needles market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies coupled with a large patient pool are some major factors responsible for its large share. In addition, increasing government initiatives to improve access to quality healthcare services is expected to drive the demand for pre-filled surgical needles in this region over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and rising awareness about blood donation coupled with an increase in medical tourism activities supported by low procedural costs and availability of skilled professionals at affordable prices compared to developed countries are few other factors driving regional growth. Moreover, economic development along with improvement in living standards has led people from middle income groups seeking treatment at hospitals & clinics as well as ambulatory surgical centers thus fueling market growth across this region (Kumar et al., 2016).
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. Prefilled needles are increasingly being used to administer drugs for the treatment of various chronic diseases, such as diabetes and cancer. This is expected to drive the growth of the prefilled needles market in the coming years.
- Technological advancements: The prefilled needles market is witnessing rapid technological advancements, with manufacturers introducing new products that are more user-friendly and offer better performance than traditional needles. This is likely to boost demand for prefilled needles in the coming years.
- Rising demand from emerging markets: A large number of people in emerging markets lack access to quality healthcare services, which has resulted in a high demand for affordable medical devices, including prefilled needles. In addition, growing awareness about preventive healthcare among consumers in these regions is also contributing to rising demand for prefilled needle products..
Scope Of The Report
Report Attributes
Report Details
Report Title
Prefilled Needles Market Research Report
By Type
0.45mm, 0.5mm, 0.6mm, 0.7mm, Other
By Application
Hospitals, Clinics, Ambulatory Surgical Centres, Other
By Companies
Medtronic, BD Medical, Boston Scientific, Smith Medical, Argon Medical Devices, Novo Nordisk, Terumo Corporation, NIPRO Medical, B. Braun Melsungen AG, Medsurg, Hamilton Syringes & Needles, Hi-Tech Medicare Devices
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Prefilled Needles Market Report Segments:
The global Prefilled Needles market is segmented on the basis of:
Types
0.45mm, 0.5mm, 0.6mm, 0.7mm, Other
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, Ambulatory Surgical Centres, Other
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:
- Medtronic
- BD Medical
- Boston Scientific
- Smith Medical
- Argon Medical Devices
- Novo Nordisk
- Terumo Corporation
- NIPRO Medical
- B. Braun Melsungen AG
- Medsurg
- Hamilton Syringes & Needles
- Hi-Tech Medicare Devices
Highlights of The Prefilled 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:
- 0.45mm
- 0.5mm
- 0.6mm
- 0.7mm
- Other
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centres
- Other
- 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 Prefilled 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.
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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?
Prefilled needles are a type of needle that is preloaded with the correct amount of insulin for a person's body size and diabetes type. This eliminates the need to measure out insulin before each injection.
Some of the major companies in the prefilled needles market are Medtronic, BD Medical, Boston Scientific, Smith Medical, Argon Medical Devices, Novo Nordisk, Terumo Corporation, NIPRO Medical, B. Braun Melsungen AG, Medsurg, Hamilton Syringes & Needles, Hi-Tech Medicare Devices.
The prefilled 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 Prefilled 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 Prefilled Needles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Prefilled 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 Prefilled 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 Prefilled Needles Market Size & Forecast, 2018-2028
4.5.1 Prefilled Needles Market Size and Y-o-Y Growth
4.5.2 Prefilled Needles Market Absolute $ Opportunity
Chapter 5 Global Prefilled 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 Prefilled Needles Market Size Forecast by Type
5.2.1 0.45mm
5.2.2 0.5mm
5.2.3 0.6mm
5.2.4 0.7mm
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Prefilled 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 Prefilled Needles Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centres
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Prefilled 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 Prefilled 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 Prefilled Needles Analysis and Forecast
9.1 Introduction
9.2 North America Prefilled 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 Prefilled Needles Market Size Forecast by Type
9.6.1 0.45mm
9.6.2 0.5mm
9.6.3 0.6mm
9.6.4 0.7mm
9.6.5 Other
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 Prefilled Needles Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centres
9.10.4 Other
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 Prefilled Needles Analysis and Forecast
10.1 Introduction
10.2 Europe Prefilled 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 Prefilled Needles Market Size Forecast by Type
10.6.1 0.45mm
10.6.2 0.5mm
10.6.3 0.6mm
10.6.4 0.7mm
10.6.5 Other
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 Prefilled Needles Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centres
10.10.4 Other
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 Prefilled Needles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Prefilled 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 Prefilled Needles Market Size Forecast by Type
11.6.1 0.45mm
11.6.2 0.5mm
11.6.3 0.6mm
11.6.4 0.7mm
11.6.5 Other
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 Prefilled Needles Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centres
11.10.4 Other
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 Prefilled Needles Analysis and Forecast
12.1 Introduction
12.2 Latin America Prefilled 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 Prefilled Needles Market Size Forecast by Type
12.6.1 0.45mm
12.6.2 0.5mm
12.6.3 0.6mm
12.6.4 0.7mm
12.6.5 Other
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 Prefilled Needles Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centres
12.10.4 Other
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) Prefilled Needles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Prefilled 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) Prefilled Needles Market Size Forecast by Type
13.6.1 0.45mm
13.6.2 0.5mm
13.6.3 0.6mm
13.6.4 0.7mm
13.6.5 Other
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) Prefilled Needles Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centres
13.10.4 Other
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 Prefilled Needles Market: Competitive Dashboard
14.2 Global Prefilled Needles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 BD Medical
14.3.3 Boston Scientific
14.3.4 Smith Medical
14.3.5 Argon Medical Devices
14.3.6 Novo Nordisk
14.3.7 Terumo Corporation
14.3.8 NIPRO Medical
14.3.9 B. Braun Melsungen AG
14.3.10 Medsurg
14.3.11 Hamilton Syringes & Needles
14.3.12 Hi-Tech Medicare Devices
