[PDF] Needles Market Continues to Expand with Robust Advancing Technology and Growing cases of Chronic Diseases Worldwide

Due to the high prevalence of chronic diseases and high unmet demand for palliative care, unmet surgical demand, and increased growth driven by vaccination, the global needles market is expected to experience significant growth. Companies are focused on diversifying products based on the needs of patients and healthcare providers to drive growth in the global needle market. Increasing demand for palliative care and unmet surgical demand are the main factors expected to contribute to market growth. According to the World Health Organization (WHO), approximately 40 million people worldwide required palliative care in 2017, 78% of whom lived in low- and middle-income countries.

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Cardiovascular diseases, cancer, diabetes and respiratory diseases cause more than 28 million deaths each year. The needle is an important part in most operations. Therefore, it is expected that more and more surgeries and unmet surgeries will make a positive contribution to the growth of the global needles market. According to World Bank statistics, in 2012, 4,511 operations were performed for every 100,000 people worldwide. According to the report of the Lancet Global Surgery Committee, in 2015, 2832% of the global disease burden can be successfully treated by surgical intervention. Most of these needs have not been met in the Asia-Pacific and Africa regions.

The main players are focused on launching new innovative products to meet the needs of various end users. Becton, Dickinson and Company launched the BD UltraFine micro pen needle in 2017 for use in different pen injection devices. Diabetic patients using this product are unlikely to accidentally inject their insulin dose into the muscle, and it provides one of the shortest pen needles, so the patient has the least pain. In 2016, Nipro Medical Corporation introduced the safetouch safety needle, famous for protecting patients from needlestick injuries.

Major factor driving growth of the needles market is increasing demand for vaccines, globally to prevent various diseases such as measles, rubella and hepatitis B. According to World Health Organization (WHO) 2018, globally around 86% of infants are vaccinated against 26 diseases, however, 19.5 million children unvaccinated leading to death of 2-3 million children each year. Human papilloma virus causes cervical cancer and around 280,000 women died from cervical cancer in 2015 globally, which led to introduction of vaccine to prevent cervical cancer, in turn positively affecting needles market. Introduction of stringent guidelines for safe injection practices is expected to aid in growth of the needles market. For instance, WHO issued safe injection practices and guidelines in 2010, for its member country. Also, Association of Professionals in Infection Control and Epidemiology in the U.S. issued updated guidelines in 2016 to prevent spread of infectious disease through unsafe injection practices.

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Detailed Segmentation

By Needles Type:

• • Conventional Needles
  • Safety Needles
• Global Needles Market, By Delivery Site:
  • Intradermal
  • Subcutaneous
  • Intravenous
  • Intramuscular
  • Intraperitoneal

By Application:

• • Pen Needles in Diabetes
  • Blood Collection Needles
  • Surgical Suture Needles
  • Ophthalmic Procedure Needles
  • Dentistry Needles
  • Insufflation Needles
  • Other Applications

By Material:

• • Stainless Steel Needles
  • Plastic Needles
  • Glass Needles
  • PEEK(Polyether Ether Ketone) Needles

By End User:

• • Hospitals
  • Clinics
  • Diagnostic Centers
  • Research Institutions.
  • Home based care
  • Others

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Key Takeaways

Due to the high incidence and high incidence of chronic diseases and the increasing demand for palliative care, the global needle market is expected to grow at a CAGR of 7.6 percent during the forecast period.

Among end users, the hospital sector is expected to account for the majority during the forecast period. This is due to the fact that needles are often used in different applications, such as drug management and nutritional therapy in hospitals.

In these applications, due to the increase in the global prevalence of diabetes, it is expected that pen needles in the field of diabetes will account for a large proportion during the forecast period. In addition, depending on the severity of the disease, insulin needs to be injected subcutaneously every day.

Key companies contributing in the global needles market include B. Braun Melsungen AG, Terumo Corporation, Hamilton Company, Medtronic plc., Novo Nordisk A/s, Dickinson and Company, Becton, Smiths Medical, Thermo Fisher Scientific, Stryker Corporation, Nipro Medical Corporation, and Boston Scientific Corporation.

Table of Content

Global Needles Market Research Report

Section 1: Global Needles Industry Overview

Section 2: Global Economic Impact on Needles Industry

Section 3: Global Market Competition by Industry Producers

Section 4: Global Productions, Revenue (Value), according to Regions

Section 5: Global Supplies (Production), Consumption, Export, Import, geographically

Section 6: Global Productions, Revenue (Value), Price Trend, Product Type

Section 7: Global Market Analysis, on the basis of Application

Section 8: Needles Market Pricing Analysis

Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers

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