+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Special Purpose Needles - Global Market Trajectory & Analytics

  • ID: 338826
  • Report
  • July 2020
  • Region: Global
  • 448 Pages
  • Global Industry Analysts, Inc
1 of 2
Global Special Purpose Needles Market to Reach $15.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Special Purpose Needles estimated at US$10.2 Billion in the year 2020, is projected to reach a revised size of US$15.5 Billion by 2027, growing at a CAGR of 6.2% over the analysis period 2020-2027. Hypodermic Needles, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pen Needles segment is readjusted to a revised 7.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 9.5% CAGR

The Special Purpose Needles market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Blood Collection Needles Segment to Record 4.9% CAGR

In the global Blood Collection Needles segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$904.6 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 448-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Argon Medical Devices, Inc.
  • B. Braun Medical, Inc.
  • Becton, Dickinson and Company
  • Dentsply Sirona
  • ETHICON, Inc.
  • INRAD, Inc.
  • Medline Industries, Inc.
  • Medtronic, Inc.
  • MIFAM SA
  • Smiths Medical International Limited
  • Surgical Specialties Corporation
  • TERUMO Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 2

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Special Purpose Needles - A Review

Recent Market Activity

Global Competitor Market Shares

Special Purpose Needles Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Argon Medical Devices, Inc. (USA)

Becton, Dickinson and Company (USA)

B. Braun Medical, Inc. (USA)

Dentsply Sirona (USA)

Medtronic, Inc. (USA)

ETHICON, Inc. (USA)

INRAD, Inc. (USA)

Medline Industries, Inc (USA)

MIFAM SA (Poland)

Smiths Medical International Limited (UK)

Surgical Specialties Corporation (Canada)

TERUMO Corporation (Japan)

3. MARKET TRENDS & DRIVERS

Emerging Markets - Focal Point for Future Growth

Home and Alternate Healthcare Drive Growth

Legislations to Curb Needle Stick Injuries Drive Demand for Safety Syringes and Needles

Rising Incidence of Hospital Acquired Infections Propels Demand for Safety Needles

Rise in Number of Surgeries Buoys Growth

Pain Free Shots - A Growing R&D Domain

Smaller Gauge Needles - A Persistent Trend

Surgical Needles Focus on Better Coatings and Material

Innovations Foster Growth in Dental Needles Market

Automatic Core Biopsy Needle Devices Transform Needle Biopsy

Innovations Continue in Hypodermic Needles Segment

Growing use of Self-Injection Devices to Boost Growth

Pen Needles Gain Traction

Parenteral Drug Delivery Offer Opportunities

Needleless Systems Pose Threat to Traditional Syringes

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Special Purpose Needles Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Special Purpose Needles Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 97

Note: Product cover images may vary from those shown
Adroll
adroll