Market Overview:
The global 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 demand for disposable needles and rising prevalence of chronic diseases. In addition, the growing number of hospitals and diagnostic centers is also contributing to the growth of this market. On the basis of type, stainless steel needles are expected to dominate the global needles market during the forecast period. This can be attributed to their high durability and resistance against corrosion. However, plastic needles are anticipated to grow at a higher CAGR owing to their low cost and lightweight properties as compared with stainless steel needles.
Product Definition:
A needle is a thin, sharp implement used for piercing fabric or other material. It may be hand-held or machine-driven. A needle is also the basic unit of count in knitting.
Stainless Steel:
Stainless steel is a type of alloy which consists of various metals, such as chromium, nickel, iron, manganese and titanium. The different types of stainless steel are used in industries including food & beverage processing equipment (such as cookware), automotive components (such as fasteners), building & construction equipment (such as pumps and valves) and chemical processing instruments.
Plastic:
Plastic is a synthetic material that has been developed from the combination of various compounds. It can be categorized as thermosetting and thermoplastic. Thermoplastic is used in needle manufacturing due to its properties such as flexibility, strength, toughness, transparency & rigidity.
Application Insights:
Based on the application, the global needlestick injuries market is segmented into hospitals and diagnostic centers. Hospitals held the largest share of needlestick injuries in 2017 owing to high usage of medical devices and equipment. Diagnostic centers are anticipated to witness significant growth over the forecast period due to increasing use of these products for testing various body fluids including blood, spinal fluid, urine & feces.
Needles have a variety of uses in diagnostics including obtaining samples for laboratory tests such as blood or spinal fluid analysis. These products are also used during surgeries for providing an airtight seal around tubes or catheters that are being inserted into patients¢â‚¬â„¢ bodies which prevents leakage outside body fluids reach their destination safely and without causing any harm along the way.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as increasing prevalence of blood disorders, rising number of surgeries performed, and high adoption rate for advanced healthcare technologies. Moreover, an increase in government initiatives to encourage needle stick injuries and HIV/AIDS transmission through contaminated needles is expected to drive the need for safer alternatives.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to factors such as improving healthcare infrastructure with a rise in investments by governments & private players coupled with growing awareness about various treatment options available for diseases. In addition, increasing incidence of chronic diseases like diabetes will boost product demand further.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the increasing number of geriatric population, rising prevalence of obesity, and technological advancements in surgical instruments and procedures. Needles are an important part of minimally invasive surgeries as they help in accessing small body cavities without causing any damage to the surrounding tissues.
- Growing demand for biopsy needles: A biopsy needle is a thin, sharp object used for extracting tissue or fluid from a living organism for examination under a microscope. The global market for biopsy needles is expected to grow at a CAGR of 9% from 2016 to 2021 due to the increasing incidence of cancer and other diseases that require tissue diagnosis. Biopsy needles are also used in drug development studies and vaccine production processes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Needles Market Research Report
By Type
Stainless Steel, Plastic
By Application
Hospitals, Diagnostic Centers
By Companies
HAMILTON, MEDTRONIC, BECTON, DICKINSON, B. BRAUN MELSUNGEN, STRYKER, ETHICON, BOSTON SCIENTIFIC, UNIMED, NOVO NORDISK, Terumo, Olympus, SMITHS MEDICAL, Nipro, SIGMA-ALDRICH, THERMO FISHER SCIENTIFIC
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Needles Market Report Segments:
The global Needles market is segmented on the basis of:
Types
Stainless Steel, Plastic
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, Diagnostic Centers
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:
- HAMILTON
- MEDTRONIC
- BECTON, DICKINSON
- B. BRAUN MELSUNGEN
- STRYKER
- ETHICON
- BOSTON SCIENTIFIC
- UNIMED
- NOVO NORDISK
- Terumo
- Olympus
- SMITHS MEDICAL
- Nipro
- SIGMA-ALDRICH
- THERMO FISHER SCIENTIFIC
Highlights of The 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:
- Stainless Steel
- Plastic
- By Application:
- Hospitals
- Diagnostic Centers
- 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 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
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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?
Needles are thin, sharp objects used to pierce the skin in order to draw blood.
Some of the key players operating in the needles market are HAMILTON, MEDTRONIC, BECTON, DICKINSON, B. BRAUN MELSUNGEN, STRYKER, ETHICON, BOSTON SCIENTIFIC, UNIMED, NOVO NORDISK, Terumo, Olympus, SMITHS MEDICAL, Nipro, SIGMA-ALDRICH, THERMO FISHER SCIENTIFIC.
The needles market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Needles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Needles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Needles Market - Supply Chain
4.5. Global Needles Market Forecast
4.5.1. Needles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Needles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Needles Market Absolute $ Opportunity
5. Global Needles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Needles Market Size and Volume Forecast by Type
5.3.1. Stainless Steel
5.3.2. Plastic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Needles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Needles Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Diagnostic Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Needles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Needles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Needles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Needles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Needles Demand Share Forecast, 2019-2026
9. North America Needles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Needles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Needles Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Diagnostic Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Needles Market Size and Volume Forecast by Type
9.7.1. Stainless Steel
9.7.2. Plastic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Needles Demand Share Forecast, 2019-2026
10. Latin America Needles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Needles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Needles Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Diagnostic Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Needles Market Size and Volume Forecast by Type
10.7.1. Stainless Steel
10.7.2. Plastic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Needles Demand Share Forecast, 2019-2026
11. Europe Needles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Needles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Needles Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Diagnostic Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Needles Market Size and Volume Forecast by Type
11.7.1. Stainless Steel
11.7.2. Plastic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Needles Demand Share, 2019-2026
12. Asia Pacific Needles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Needles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Needles Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Diagnostic Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Needles Market Size and Volume Forecast by Type
12.7.1. Stainless Steel
12.7.2. Plastic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Needles Demand Share, 2019-2026
13. Middle East & Africa Needles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Needles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Needles Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Diagnostic Centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Needles Market Size and Volume Forecast by Type
13.7.1. Stainless Steel
13.7.2. Plastic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Needles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Needles Market: Market Share Analysis
14.2. Needles Distributors and Customers
14.3. Needles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HAMILTON
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MEDTRONIC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BECTON, DICKINSON
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. B. BRAUN MELSUNGEN
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. STRYKER
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ETHICON
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BOSTON SCIENTIFIC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. UNIMED
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NOVO NORDISK
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Terumo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Olympus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SMITHS MEDICAL
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nipro
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SIGMA-ALDRICH
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. THERMO FISHER SCIENTIFIC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
