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Special Purpose Needles - Global Market Trajectory & Analytics

  • ID: 338826
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • B. Braun Medical, Inc.
  • Dentsply Sirona
  • ETHICON, Inc.
  • INRAD, Inc.
  • Medline Industries, Inc.
  • Medtronic, Inc.
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.

Select Competitors (Total 97 Featured):
  • 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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • B. Braun Medical, Inc.
  • Dentsply Sirona
  • ETHICON, Inc.
  • INRAD, Inc.
  • Medline Industries, Inc.
  • Medtronic, Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Special Purpose Needles - A Review
  • Recent Market Activity
  • 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
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • 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

A selection of companies mentioned in this report includes:

  • 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
Note: Product cover images may vary from those shown
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