The needles market is expected to grow from USD 6.3 billion in 2020 to USD 11.74 billion by 2028, at a CAGR of 8.1% during the forecast period 2021-2028.
Sterile devices that help in injecting solutions into the human body are known as needles. It is used with injections to deliver medications to the human body. The needle comes with a syringe that is made of either glass or plastic and is shaped in the form of a cylinder with a piston at one end and an opening that holds the needle. It fits in the needle's piece and has three types such as bevel, long shaft, and hub. They are classified as regular needles and safety needles.
The factors driving the market are the rising adoption of injectable drugs, the growing demand for hormonal supplements, and the increasing demand for vaccines. Other factors, including the rising prevalence of chronic disorders and the increasing number of hospitals and clinics in developing economies, will propel the market growth. The factors restraining the market growth are rising needlestick injuries and infections and lack of skilled physicians.
This study delivers a comprehensive analysis of type, product, delivery mode, and raw material. The type segment includes safety and conventional. The safety needle segment holds the largest market share, owing to the reduced risk of needle stick injuries. The conventional needle-type segment is expected to witness significant growth, owing to the increasing production rate of needles to meet the hospital requirements. The product segment is classified into suture, dental, pen, blood collection, ophthalmic, and others. Suture segment holds the largest market share, owing to the increasing incidences of chronic disorders across the world and the increase in support from the public and private organizations in the healthcare sector. The pen needles segment is anticipated to witness significant growth, owing to the rising pool of diabetic patients. On the basis of delivery mode, the market is segmented into intravenous, hypodermic, intramuscular, and others. The hypodermic delivery mode segment holds the largest market share, owing to increasing chronic diseases and the advent of needles that are compatible with high power injectable technology. The intravenous delivery mode is anticipated to witness significant growth, owing to increasing per capita healthcare expenditure. Based on raw material, the market is segmented into glass, stainless steel, and others. The stainless steel segment dominated the market, owing to the growing awareness over maintaining sterilization and increasing focus on improving treatment procedures.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Europe region held the largest market share, owing to continually enhancing social insurance foundation in the area and growing population. The Asia-Pacific region is anticipated to witness significant growth due to the increasing geriatric population base.
Some of the notable players in the market are Stryker Corp., Dickinson and Company, Becton, Thermo Fisher Scientific, Inc., Novo Nordisk A/S, Boston Scientific Corporation, Hilgenberg GmbH, Medtronic PLC, Ethicon, Inc., and Smiths Medical, Inc. In August 2017, PROXISURE, an advanced laparoscopy suturing device, was launched by Ethicon US, LLC, to increase the accuracy of minimally invasive surgery. It will also enable surgeons to perform the surgery effectively by reaching the desired angles and secure knots.
Needles Market Analysis and Forecast, Type
Needles Market Analysis and Forecast, Product
Needles Market Analysis and Forecast, Delivery Mode
Needles Market Analysis and Forecast, Raw Material
Needles Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By Delivery Mode
4.3.4. Market Attractiveness Analysis By Raw Material
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising prevalence of chronic disorders
5.2.2. Increasing number of hospitals and clinics in developing economies
5.3. Restraints
5.3.1. Lack of skilled physicians
5.4. Opportunities
5.4.1. Increasing use of safety needles
5.4.2. Rise in self-administration of drugs
6. Global Needles Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Conventional
6.3. Safety
7. Global Needles Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Pen
7.3. Suture
7.4. Blood Collection
7.5. Dental
7.6. Ophthalmic
7.7. Others
8. Global Needles Market Analysis and Forecast, By Delivery Mode
8.1. Segment Overview
8.2. Hypodermic
8.3. Intravenous
8.4. Intramuscular
8.5. Others
9. Global Needles Market Analysis and Forecast, By Raw Material
9.1. Segment Overview
9.2. Stainless Steel
9.3. Glass
9.4. Others
10. Global Needles Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Needles Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Needles Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Material Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Stryker Corp.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Dickinson and Company
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Becton
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Thermo Fisher Scientific Inc.
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Novo Nordisk A/S
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Boston Scientific Corporation
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Hilgenberg GmbH
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Medtronic Plc.
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Ethicon Inc.
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Smiths Medical Inc.
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Needles Market, By Type, 2020-2028 (USD Billion)
2. Global Conventional, Needles Market, By Region, 2020-2028 (USD Billion)
3. Global Safety, Needles Market, By Region, 2020-2028 (USD Billion)
4. Global Needles Market, By Product, 2020-2028 (USD Billion)
5. Global Pen, Needles Market, By Region, 2020-2028 (USD Billion)
6. Global Suture, Needles Market, By Region, 2020-2028 (USD Billion)
7. Global Blood Collection, Needles Market, By Region, 2020-2028 (USD Billion)
8. Global Dental, Needles Market, By Region, 2020-2028 (USD Billion)
9. Global Ophthalmic, Needles Market, By Region, 2020-2028 (USD Billion)
10. Global Others, Needles Market, By Region, 2020-2028 (USD Billion)
11. Global Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
12. Global Hypodermic, Needles Market, By Region, 2020-2028 (USD Billion)
13. Global Intravenous, Needles Market, By Region, 2020-2028 (USD Billion)
14. Global Intramuscular, Needles Market, By Region, 2020-2028 (USD Billion)
15. Global Others, Needles Market, By Region, 2020-2028 (USD Billion)
16. Global Needles Market, By Raw Material, 2020-2028 (USD Billion)
17. Global Stainless Steel, Needles Market, By Region, 2020-2028 (USD Billion)
18. Global Glass, Needles Market, By Region, 2020-2028 (USD Billion)
19. Global Others, Needles Market, By Region, 2020-2028 (USD Billion)
20. North America Needles Market, By Type, 2020-2028 (USD Billion)
21. North America Needles Market, By Product, 2020-2028 (USD Billion)
22. North America Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
23. North America Needles Market, By Raw Material, 2020-2028 (USD Billion)
24. U.S. Needles Market, By Type, 2020-2028 (USD Billion)
25. U.S. Needles Market, By Product, 2020-2028 (USD Billion)
26. U.S. Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
27. U.S. Needles Market, By Raw Material, 2020-2028 (USD Billion)
28. Canada Needles Market, By Type, 2020-2028 (USD Billion)
29. Canada Needles Market, By Product, 2020-2028 (USD Billion)
30. Canada Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
31. Canada Needles Market, By Raw Material, 2020-2028 (USD Billion)
32. Mexico Needles Market, By Type, 2020-2028 (USD Billion)
33. Mexico Needles Market, By Product, 2020-2028 (USD Billion)
34. Mexico Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
35. Mexico Needles Market, By Raw Material, 2020-2028 (USD Billion)
36. Europe Needles Market, By Type, 2020-2028 (USD Billion)
37. Europe Needles Market, By Product, 2020-2028 (USD Billion)
38. Europe Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
39. Europe Needles Market, By Raw Material, 2020-2028 (USD Billion)
40. Germany Needles Market, By Type, 2020-2028 (USD Billion)
41. Germany Needles Market, By Product, 2020-2028 (USD Billion)
42. Germany Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
43. Germany Needles Market, By Raw Material, 2020-2028 (USD Billion)
44. France Needles Market, By Type, 2020-2028 (USD Billion)
45. France Needles Market, By Product, 2020-2028 (USD Billion)
46. France Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
47. France Needles Market, By Raw Material, 2020-2028 (USD Billion)
48. U.K. Needles Market, By Type, 2020-2028 (USD Billion)
49. U.K. Needles Market, By Product, 2020-2028 (USD Billion)
50. U.K. Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
51. U.K. Needles Market, By Raw Material, 2020-2028 (USD Billion)
52. Italy Needles Market, By Type, 2020-2028 (USD Billion)
53. Italy Needles Market, By Product, 2020-2028 (USD Billion)
54. Italy Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
55. Italy Needles Market, By Raw Material, 2020-2028 (USD Billion)
56. Spain Needles Market, By Type, 2020-2028 (USD Billion)
57. Spain Needles Market, By Product, 2020-2028 (USD Billion)
58. Spain Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
59. Spain Needles Market, By Raw Material, 2020-2028 (USD Billion)
60. Asia Pacific Needles Market, By Type, 2020-2028 (USD Billion)
61. Asia Pacific Needles Market, By Product, 2020-2028 (USD Billion)
62. Asia Pacific Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
63. Asia Pacific Needles Market, By Raw Material, 2020-2028 (USD Billion)
64. Japan Needles Market, By Type, 2020-2028 (USD Billion)
65. Japan Needles Market, By Product, 2020-2028 (USD Billion)
66. Japan Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
67. Japan Needles Market, By Raw Material, 2020-2028 (USD Billion)
68. China Needles Market, By Type, 2020-2028 (USD Billion)
69. China Needles Market, By Product, 2020-2028 (USD Billion)
70. China Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
71. China Needles Market, By Raw Material, 2020-2028 (USD Billion)
72. India Needles Market, By Type, 2020-2028 (USD Billion)
73. India Needles Market, By Product, 2020-2028 (USD Billion)
74. India Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
75. India Needles Market, By Raw Material, 2020-2028 (USD Billion)
76. South America Needles Market, By Type, 2020-2028 (USD Billion)
77. South America Needles Market, By Product, 2020-2028 (USD Billion)
78. South America Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
79. South America Needles Market, By Raw Material, 2020-2028 (USD Billion)
80. Brazil Needles Market, By Type, 2020-2028 (USD Billion)
81. Brazil Needles Market, By Product, 2020-2028 (USD Billion)
82. Brazil Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
83. Brazil Needles Market, By Raw Material, 2020-2028 (USD Billion)
84. Middle East and Africa Needles Market, By Type, 2020-2028 (USD Billion)
85. Middle East and Africa Needles Market, By Product, 2020-2028 (USD Billion)
86. Middle East and Africa Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
87. Middle East and Africa Needles Market, By Raw Material, 2020-2028 (USD Billion)
88. UAE Needles Market, By Type, 2020-2028 (USD Billion)
89. UAE Needles Market, By Product, 2020-2028 (USD Billion)
90. UAE Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
91. UAE Needles Market, By Raw Material, 2020-2028 (USD Billion)
92. South Africa Needles Market, By Type, 2020-2028 (USD Billion)
93. South Africa Needles Market, By Product, 2020-2028 (USD Billion)
94. South Africa Needles Market, By Delivery Mode, 2020-2028 (USD Billion)
95. South Africa Needles Market, By Raw Material, 2020-2028 (USD Billion)
List of Figures
1. Global Needles Market Segmentation
2. Global Needles Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Needles Market Attractiveness Analysis By Type
9. Global Needles Market Attractiveness Analysis By Product
10. Global Needles Market Attractiveness Analysis By Delivery Mode
11. Global Needles Market Attractiveness Analysis By Raw Material
12. Global Needles Market Attractiveness Analysis By Region
13. Global Needles Market: Dynamics
14. Global Needles Market Share by Type (2021 & 2028)
15. Global Needles Market Share by Product (2021 & 2028)
16. Global Needles Market Share by Delivery Mode (2021 & 2028)
17. Global Needles Market Share by Raw Material (2021 & 2028)
18. Global Needles Market Share by Regions (2021 & 2028)
19. Global Needles Market Share by Company (2020)
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