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Needles - Global Market Trajectory & Analytics

  • ID: 4805296
  • Report
  • July 2020
  • Region: Global
  • 378 pages
  • Global Industry Analysts, Inc
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 aCAGR 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.We bring years of research experience to this 8th edition of our report. The 378-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:
  • 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

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

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Needles Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Needles Market Share (in %) by Company: 2019 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Needles Market: Competitor Market Share Scenario (in %) for 2019 & 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: 42

Note: Product cover images may vary from those shown
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