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Needles - Global Market Trajectory & Analytics

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    Report

  • 378 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805296
Global Needles Market to Reach $10.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Needles estimated at US$6.5 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027. Conventional Needles, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$5.7 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 Safety Needles segment is readjusted to a revised 10.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 10.2% CAGR

The Needles market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 9.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Select Competitors (Total 42 Featured):
  • B. Braun Melsungen AG
  • Becton, Dickinson & Company
  • Boston Scientific Corporation
  • Ethicon US LLC
  • Hamilton Company
  • Medtronic PLC
  • Nipro Corporation
  • Novo Nordisk A/S
  • Olympus Corporation
  • Smiths Medical
  • Stryker Corporation
  • Terumo Corporation
  • Thermo Fisher Scientific, Inc.
  • Unimed SA
Frequently Asked Questions about the Global Market for Needles

What is the estimated value of the Global Market for Needles?

The Global Market for Needles was estimated to be valued at $6.5 Billion in 2020.

What is the growth rate of the Global Market for Needles?

The growth rate of the Global Market for Needles is 6.6%, with an estimated value of $10.2 Billion by 2027.

What is the forecasted size of the Global Market for Needles?

The Global Market for Needles is estimated to be worth $10.2 Billion by 2027.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to Needles
  • Conventional Needles
  • Safety Needles
  • Hypodermic Needles
  • Intravenous Needles
  • Intramuscular Needles
  • Intraperitoneal Needles
  • Global Needles Market: Prospects & Outlook
  • Safety Needles: A High Growth Segment
  • Hypodermic Segment Leads Global needles Market
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Prevalence of Chronic Medical Conditions Drives Need for Medical Needles
  • Exhibit 1: Global Prevalence of Chronic Disease-Related Mortality in Developing and Developing Nations: 2020
  • Aging Population and Rise in Age-Related Diseases and Therapies to Fuel Market Growth
  • Rapid Growth of Healthcare Infrastructure in Developing Economies: Opportunities for Growth
  • Continuous Rise in Demand for Vaccines to Propel Market Prospects
  • Exhibit 2: Global Vaccines Market Size (in US$ Billion) for 2019, 2022, 2025 and 2027
  • COVID-19 Vaccination Drive Presents Huge Opportunity for Needle Makers
  • Consistent Rise in Injectables Market to Drive Need for Needles
  • Exhibit 3: Global InjecTable Drug Delivery Market Size (in US$ Billion)
  • As Self-Administration of Drugs Gains Traction, Needles Market Poised to Benefit
  • Blood Donation to Present Opportunities for Needles Market
  • Safety Needles Demand Continues to Make Gains
  • Exhibit 4: Global Safety Needles Market by Product (in %) for 2019 and 2025
  • Exhibit 5: Global Safety Needles Market by End-Use (in %) for 2020E
  • Hypodermic Needles Market: Poised for Growth
  • Exhibit 6: US Hypodermic Needles Market Breakdown of Revenues (in %) by End-Use for the Year 2020
  • Focus on R&D Initiatives to Launch Safe & Precise Needle Technology Drive Market Growth
  • Concerns over Needlestick Injuries and Infections: A Key Challenge
  • Advent of Needle-Free Injection Technology to Impact Needles Demand

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: 42