Needles Market: Introduction

With significant development in healthcare infrastructure across the world, the global needles market is demonstrating a high growth potential. The increasing cases of diseases and outbreaks and rising number of medical procedures, requiring vaccination, is supplementing the growth of the worldwide market for needles.

The report presents an overview of the global needles on the basis of the past and current performance of its various segments. It takes the key trends and market dynamics in consideration to predict the performance of this market over the period from 2018 to 2026. It also offers an analysis of each of the regional segments in the global needles market.

Needles Market: Notable Development

Research institutes are working on developing needles with enhanced drug delivery. In collaboration with several institutes, a team of researchers in Singapore collaborated with several institutions has developed an eyepatch with dissolvable needles. This development is considered as a breakthrough in eye treatment. This 2-layered device has successfully been tested on rats, in which the first layer provides the first dose within 30 seconds, whereas the second layer delivers a sustained release throughout a period of a few days.

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Some of the leading players in the global needles market are Becton, Dickinson and Co., Medtronic Plc., Stryker Corp., Ethicon Inc., Thermo Fisher Scientific Inc., Novo Nordisk A/S, Smiths Medical Inc., Boston Scientific Corp., and Hilgenberg GmbH. These players are focusing more on product innovation and advancements to gain a competitive edge over their peers. Over the coming years, these players are likely to involve into strategic partnerships to develop new age and technologically advanced products.

Needles Market Dynamics

Extensive Research and Development in Needle Technology to Boost Market’s Growth

The global needles market is witnessing a tremendous rise, thanks to the increase in the geriatric population and the rising demand for vaccines. The upswing in the prevalence of chronic diseases and the substantial rise in the number of medical clinics and hospitals in emerging economies are also propelling this market, significantly.

In addition to this, the extensive research and development by key companies across the world, in order to introduce state-of-art needle technology with optimum safety and precision is projected to contribute remarkably to the expansion of this market in the near future.

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Europe to Remain on Top in the Needles Market

Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa are the main regional markets for needles. Among these, Europe has been leading the global needles market. The constant improvement in healthcare infrastructure in this region, fuelling the demand for medical and surgical equipment, has boosted the Europe needles market significantly. This regional market is expected to remain on the top over the next few years.

Among other regional markets, Asia Pacific is anticipated to witness a high growth rate over the next few years. The rise in target population, healthcare expenses, and the awareness regarding blood donation are likely to propel the Asia Pacific market for needles. The presence of leading players, such as Garter, Meditech Devices, Nanjing Joyful Industrial, and Neotec Medical Industries is also expected to support the growth of this regional market in the near future.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Needles Market

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