Special Purpose Needles Market - PowerPoint PPT Presentation

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Special Purpose Needles Market

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The Global Special Purpose Needles Market was valued at US$ 10.44 billion in 2021 and is predictable to reach US$ 22.01 billion by 2030 which is projected to attain a CAGR of 8.6 % during the forecast period from 2021- 2030. Needles are referred as a device made up of metal, glass, or rubber tubes used for delivering drugs and collecting fluids from the body. – PowerPoint PPT presentation

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Title: Special Purpose Needles Market


1
Special Purpose Needles Market
  • Global Scenario, Market Size, Outlook, Trend, and
    Forecast, 2020 2030

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The Global Special Purpose Needles Market was
valued at US 10.44 billion in 2021 and is
predictable to reach US 22.01 billion by 2030
which is projected to attain a CAGR of 8.6
during the forecast period from 2021-
2030.Needles are referred as a device made up
of metal, glass, or rubber tubes used for
delivering drugs and collecting fluids from the
body. Special purpose needles are designed to
avert the accidental spread of disease and permit
the reuse of needles by nullifying the spread of
the diseases and minimizing the immense wastage
of needles and syringes.
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  • Rising demand is attributed to the occurrence of
    chronic disorders and demand for safer quality
    healthcare facilities which are expected to
    augment the market growth for special purpose
    needles in the upcoming years. A report published
    by CDC states that around (62 88) of
    accidental needlestick infections can be
    eliminated by the usage of safety needles.
    Further, the widespread demand for prefilled
    syringes is boosting sales owing to its easier
    delivery of drug delivery. Increasing regulations
    by the government for focusing on advanced
    healthcare systems, prevention of
    hospital-acquired infections, and improvement of
    healthcare infrastructure are creating a huge
    probability for the key players in the
    advancement of product designs. Over the past
    years, the needles technology has been improved
    are redesigned to improve control, smoother
    penetration with less tissue displacement,
    accuracy, and light insertion force.
  • However, increasing demand for the latest types
    of needles such as needle-free injection and
    microneedle technology is expected to hinder the
    global special purpose needle market. In
    addition, the absence of skilled professionals
    and knowledge acts as a barrier for the market
    growth. Furthermore, increasing healthcare
    expenditure, easy availability of cost-effective
    advanced needles, and rising consciousness
    among the patients are anticipated to fuel the
    market growth during the forecast period.

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  • The Global Special Purpose Needles Market is
    segmented by product type, application,
    distribution channel, and region. Based on
    product type, it is categorized into Biopsy
    Needles, Pen Needles, IV Catheter Needles, Dental
    Needles, Blood Collection Needles, Epidural
    Needles, Cannula Needles, Fine Aspirating
    Needles, Hypodermic Needles, Suture Needles,
    Implantation Needles, Ophthalmic Needles, Spinal
    Anaesthesia Needles, and AV Fistula Needles. By
    application, it bifurcates into drug delivery and
    sample collection. Distribution channel of
    special purpose needles are bifurcated into
    private clinics, e-Commerce, hospital pharmacies,
    retail pharmacies drug stores. Based on
    regional insights, the global special purpose
    market is categorized into North America (US,
    Canada, Mexico, Rest of America), Asia Pacific
    (India, China, Rest of Asia Pacific), Europe (UK,
    Germany, Russia, Rest of Europe) and Rest of the
    world (Latin America and Middle East Africa).
  • North America is expected to witness significant
    growth during the forecast period owing to the
    presence of advanced medical infrastructure and
    increasing awareness among the consumers
    regarding infection spread from the needles. Such
    reasons are projected to augment the market
    growth in the upcoming years.
  • Asia Pacific region is expected to deliver
    significant growth owing to the increasing
    geriatric population in the region with rising
    cases of diseases, rapidly evolving healthcare
    facilities government support to boost the
    healthcare system, emphasis on high-quality
    product offering to the patients, huge RD
    investments.

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  • Prominent players inducing the Global Special
    Purpose Needles Market are Boston Scientific
    Corporation, Becton, Stryker Corporation,
    Dickinson and Company, B. Braun Melsungen AG,
    Medtronic Plc., Novo Nordisk A/S, Cook Medical,
    SERAG-WIESSNER GmbH Co., Terumo Corporation,
    NIPRO Medical Corporation, Argon Medical Devices
    Inc., and Smiths Medical among others.

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Segmentation and Scope of the Global Special
Purpose Needles MarketGlobal Special Purpose
Needles Market is segmented by product type,
application, distribution channel, and region.
  • By Product Type
  • Biopsy Needles
  • Pen Needles
  • IV Catheter Needles
  • Dental Needles
  • Blood Collection Needles
  • Epidural Needles
  • Cannula Needles

Fine Aspirating Needles Hypodermic Needles Suture
Needles Implantation Needles Ophthalmic
Needles Spinal Anaesthesia Needles AV Fistula
Needles
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  • By Application
  • Drug Delivery
  • Sample Collection
  • By Distribution Channel
  • Private Clinics
  • E-Commerce
  • Hospital Pharmacies
  • Retail Pharmacies Drug Stores
  • By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • Russia
  • Spain
  • Italy
  • Rest of Europe

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  • Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • Rest of World

Middle East Africa Saudi Arabia South
Africa Rest of Middle East Africa Latin
America Argentina Brazil Rest of Latin America
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Prominent players in the Global Special Purpose
Needles Market among other includes
  • Boston Scientific Corporation
  • Becton
  • Stryker Corporation
  • Dickinson and Company
  • B. Braun Melsungen AG
  • Medtronic Plc.
  • Novo Nordisk A/S
  • Cook Medical

SERAG-WIESSNER GmbH Co. Terumo
Corporation NIPRO Medical Corporation Argon
Medical Devices Inc. Smiths Medical
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