The South America butterfly needles market is expected to grow from US$ 17.14 million in 2022 to US$ 25.92 million by 2028. It is estimated to record a CAGR of 7.1% from 2022 to 2028.
Increasing Cancer Research to Drive South America Butterfly Needles Market
An intravenous (IV) needle is used to administer chemotherapy for cancer treatment. The medicine is administered directly into the bloodstream through a butterfly needle inserted into the upper arm or hand vein. Cancer is a major and increasing health problem, driving efforts of different national governments to address the problem. Cancer research primarily focuses on various opportunities, including studying populations that are at high risk of cancer, developing drugs and vaccines that do not require refrigeration, and establishing biobanks to manage biospecimens. A multi-level approach is required to advance clinical research, involving collaboration between the pharma industry, regulators, government, and healthcare professionals. Thus, increasing number of cancer cases and rising cancer-related research activities across the region are expected to provide lucrative South America butterfly needles market growth opportunities during the forecast period.Market Overview
The South America butterfly needles market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2022. Autoimmune Diseases (ADs) are a complex and heterogeneous group of diseases characterized by the loss of immunological tolerance to their antigens and consequent tissue destruction by autoantibodies. Although there are ~80 AD types and at least 40 other diseases with an autoimmune basis, many are considered relatively rare. According to the National Library of Medicine 2019, Brazil's prevalence of autoimmune diseases was 673.6 cases per 100,000 inhabitants. The highest prevalence was identified for Hashimoto's thyroiditis (140.6 cases per 100,000), followed by vitiligo (132.4 cases per 100,000) and rheumatoid arthritis (105.9 cases per 100,000). Rheumatoid arthritis is diagnosed between 30 and 60 years, while psoriasis is diagnosed between 15 and 35 years. By sex ratio, females (69%) hold a larger share. The most affected age group was over 60 years (30.5%), with greater predominance in the urban area (81.3%). It is necessary to sample the blood of patients suffering from these diseases. Thus, the growing prevalence of disorders that require blood draws and drug infusion is boosting the South America butterfly needles market.South America Butterfly Needles Market Revenue and Forecast to 2028 (US$ Million)
South America Butterfly Needles Market Segmentation
The South America butterfly needles market is segmented based on application, end user, and country.- Based on application, the South America butterfly needles market is segmented into blood collection, IV rehydration, delivery of medications, venipuncture, and blood transfusion. The blood collection segment held the largest market share in 2022.
- Based on end user, the South America butterfly needles market is segmented into hospitals, clinics, blood banks, and others. The hospitals segment held the largest market share in 2022.
- Based on country, the South America butterfly needles market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the market in 2022.
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Butterfly Needles Market - by Application
1.3.2 SAM Butterfly Needles Market - by End User
1.3.3 SAM Butterfly Needles Market - by Country
2. SAM Butterfly Needles Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Butterfly Needles Market - Market Landscape
4.1 Overview
4.2 SAM PEST Analysis
4.3 Expert’s Opinion
5. SAM Butterfly Needles Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Prevalence of Chronic Diseases
5.1.2 Advantages of Butterfly Needles over Straight Needles
5.2 Market Restraints
5.2.1 Risk Associated with Butterfly Needlestick Injuries
5.3 Market Opportunities
5.3.1 Increasing Cancer Research
5.4 Future Trends
5.4.1 Increasing Organic and Inorganic Strategies by Key Players
5.5 Impact Analysis
6. Butterfly Needles Market - SAM Analysis
6.1 SAM Butterfly Needles Market Revenue Forecast and Analysis
7. SAM Butterfly Needles Market Analysis - By Application
7.1 Overview
7.2 SAM Butterfly Needles Market, by Application 2021 & 2028 (%)
7.3 Blood Collection
7.3.1 Overview
7.3.2 Blood Collection: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.4 IV Rehydration
7.4.1 Overview
7.4.2 IV Rehydration: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.5 Delivery of Medications
7.5.1 Overview
7.5.2 Delivery of Medications: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.6 Venipuncture
7.6.1 Overview
7.6.2 Venipuncture: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.7 Blood Transfusion
7.7.1 Overview
7.7.2 Blood Transfusion: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8. SAM Butterfly Needles Market Analysis - By End User
8.1 Overview
8.2 SAM Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.5 Blood Banks
8.5.1 Overview
8.5.2 Blood Banks: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9. SAM Butterfly Needles Market - Country Analysis
9.1 Overview
9.1.2 SAM: Butterfly Needles Market, by Country, 2021 & 2028 (%)
9.1.2.1 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.1.1 Overview
9.1.2.1.2 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.1.3 Brazil: Butterfly Needles Market, by Application, 2019 - 2028 (US$ Thousand)
9.1.2.1.4 Brazil: Butterfly Needles Market, by End User, 2019 - 2028 (US$ Thousand)
9.1.2.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.2.1 Overview
9.1.2.2.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.2.3 Argentina: Butterfly Needles Market, by Application, 2019 - 2028 (US$ Thousand)
9.1.2.2.4 Argentina: Butterfly Needles Market, by End User, 2019 - 2028 (US$ Thousand)
9.1.2.3 Rest of SAM: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.3.1 Overview
9.1.2.3.2 Rest of SAM: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.1.2.3.3 Rest of SAM: Butterfly Needles Market, by Application, 2019 - 2028 (US$ Thousand)
9.1.2.3.4 Rest of SAM: Butterfly Needles Market, by End User, 2019 - 2028 (US$ Thousand)
10. Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.3 Inorganic Developments
10.3.1 Overview
11. Company Profiles
11.1 B. Braun SE
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Becton Dickinson and Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nipro Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cardinal Health Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Medline Industries Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Terumo Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 ICU Medical Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms
List of Tables
Table 1. SAM Butterfly Needles Market, Revenue and Forecast, 2019-2028 (US$ Thousand)
Table 2. Brazil: Butterfly Needles Market, by Application- Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Brazil: Butterfly Needles Market, by End User- Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Argentina: Butterfly Needles Market, by Application- Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Argentina: Butterfly Needles Market, by End User- Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Rest of SAM: Butterfly Needles Market, by Application- Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Rest of SAM: Butterfly Needles Market, by End User- Revenue and Forecast to 2028 (US$ Thousand)
Table 8. Organic Developments
Table 9. Inorganic Developments
Table 10. Glossary of Terms
List of Figures
Figure 1. SAM Butterfly Needles Market Segmentation
Figure 2. SAM Butterfly Needles Market, by Country
Figure 3. SAM Butterfly Needles Market Overview
Figure 4. SAM Butterfly Needles Market, By Application
Figure 5. SAM Butterfly Needles Market, By Country
Figure 6. SAM: PEST Analysis
Figure 7. Experts’ Opinion
Figure 8. SAM Butterfly Needles Market: Impact Analysis of Drivers and Restraints
Figure 9. SAM Butterfly Needles Market- Revenue Forecast and Analysis
Figure 10. SAM Butterfly Needles Market, by Application 2021 & 2028 (%)
Figure 11. Blood Collection: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. IV Rehydration: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Delivery of Medications: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Venipuncture: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. Blood Transfusion: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. SAM Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
Figure 17. Hospitals: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Clinics: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. Blood Banks: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Others: SAM Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. SAM: Butterfly Needles Market Revenue Overview, by Country, 2021 (US$ Thousand)
Figure 22. SAM Butterfly Needles Market, by Country, 2021 & 2028 (%)
Figure 23. Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 24. Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 25. Rest of SAM: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- B. Braun SE
- Becton Dickinson and Co
- Cardinal Health Inc
- ICU Medical Inc
- Medline Industries Inc
- Nipro Corp
- Terumo Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 102 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 17.14 Million |
| Forecasted Market Value ( USD | $ 25.92 Million |
| Compound Annual Growth Rate | 7.1% |
