Needles Market, By Needles Type, By Delivery Site, By Application, By Material, By Region

Description

Global needle market size is expected to reach US$ 14,901 Mn by 2030, from US$ 8,924 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 7.6% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 8,924 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	7.60%	2030 Value Projection:	US$ 14,901 Mn

Figure 1. Global Needles Market Share (%), By Region, 2023

Global needle market has been witnessing significant growth over the past few years. Needles are medical instruments that are used for various purposes such as administering medication, collecting blood samples, vaccination, blood transfusion, and dialysis. Rising prevalence of chronic diseases along with increasing number of surgical procedures performed globally is the key factor driving the demand for needles. Furthermore, growing geriatric population, which is more prone to develop chronic conditions, also contributes to the market growth. Technological advancements in needle in making them more patient-friendly have further boosted their adoption. However, stringent regulations imposed on needle manufacturing and procurement is a major challenge for the market players.

Market Dynamics:

Global needle market is experiencing substantial growth, underpinned by the increasing incidence of chronic diseases such as diabetes, cancer, and cardiovascular disorders. A sedentary lifestyle and unhealthy dietary habits, prevalent across various regions, are contributing to the rise of these ailments. Furthermore, the expanding geriatric population, which is more susceptible to chronic illnesses, exacerbates the demand for needles used in medication delivery, vaccinations, and blood sampling.

Older individuals frequently require ongoing medical care, which often involves the use of needles for various therapeutic and diagnostic purposes. The growth trajectory of the needle market is also propelled by an increase in surgical interventions, widespread immunization initiatives, and continual healthcare innovations that have led to the development of more patient-centric needles that are designed to minimize pain and discomfort during injections. Amidst the positive trends, the market faces hindrances in the form of strict regulatory frameworks governing the manufacturing, distribution, and procurement of needles that are aimed at ensuring patient safety and maintaining high-quality standards.

A significant shift towards needle-free drug delivery systems presents another challenge to the needle market, appealing to individuals who have a phobia of needles or who seek more convenient drug administration methods. Despite these challenges, advancements in needle technology, particularly the advent of hollow micro needles capable of minimally invasive and virtually pain-free drug delivery, present lucrative opportunities for the market players. This innovation has the potential to broaden the scope of applications for needles in drug delivery systems.

Global needle market grapples with regulatory and competitive pressures, the rising prevalence of chronic diseases, an aging population, increased medical procedures, and healthcare advancements continue to fuel market expansion. Developments such as hollow micro needles, offer promising avenues for continued growth and innovation in the market.

For instance, in July 2021, the International Diabetes Federation has reported approximately 537 Mn adults living with diabetes as of 2021, and this figure is anticipated to escalate to 643 Mn by 2030, indicative of a growing need for medical syringes for insulin administration

Key features of the study:

This report provides in-depth analysis of the global needle market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global needle market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Abbott, Becton, Dickinson and Company, Terumo Corporation, Johnson & Johnson Services Inc., B. Braun SE, Biotronik SE & Co. KG, Boston Scientific Corporation, Nipro Medical Corporation, Medtronic, Novo Nordisk A/s, Cardinal Health, Teleflex Incorporated, Thermo Fisher Scientific Inc., Merck KGaA, DTR Medical Ltd, and Stryker
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global needle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global needle market

Detailed Segmentation:

By Needle Type
- Conventional Needles
- Safety Needles
By Delivery Site
- Intradermal
- Subcutaneous
- Intravenous
- Intramuscular
- Intraperitoneal
By Application
- Surgical Suture Needles
- Pen Needles in Diabetes
- Blood Collection Needles
- Ophthalmic Procedure Needles
- Dentistry Needles
- Insufflation Needles
- Other Needles
By Material
- Stainless Steel Needles
- Plastic Needles
- Glass Needles
- PEEK Needles
By End User
- Hospitals
- Clinics
- Diagnostic Centers
- Research Institutions
- Home-based care
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Top Companies in Global Needle Market:
- Abbott
- Becton, Dickinson and Company
- Terumo Corporation
- Johnson & Johnson Services Inc.
- B.Braun SE
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Nipro Medical Corporation
- Medtronic
- Novo Nordisk A/s
- Cardinal Health
- Teleflex Incorporated
- Thermo Fisher Scientific Inc.
- Merck KGaA
- DTR Medical Ltd
- Stryker

Product Code: CMI1331

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Needle Market, By Needle Type
- Needle Market, By Delivery Site
- Needle Market, By Application
- Needle Market, By Material
- Needle Market, By End User
- Needle Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Driver
Rising geriatric population
Increasing prevalence of chronic diseases
Advancements in needle technology
Increasing demand for minimally invasive surgeries
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions. and Collaborations

4. Global Needle Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Needle Market, By Needle Type, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Conventional Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Safety Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

6. Global Needle Market, By Delivery Site, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Intradermal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Subcutaneous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Intravenous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Intramuscular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Intraperitoneal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

7. Global Needle Market, By Application, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Surgical Suture Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Pen Needles in Diabetes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Blood Collection Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Ophthalmic Procedure Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Dentistry Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Insufflation Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Other Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

8. Global Needle Market, By Material, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Stainless Steel Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Plastic Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Glass Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
PEEK Needles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

9. Global Needle Market, By End User, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Research Institution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Home-based care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

10. Global Needle Market, By Region, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Needle Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Site, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Needle Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Site, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Germany
U.,K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Needle Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Site, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Needle Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Site, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Needle Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Site, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Needle Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Delivery Site, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030,(US$ Mn)
South Africa
North Africa
Central Africa

11. Competitive Landscape

Company Profile
- Abbott
Product Portfolio
Key Developments
Financial Performance
Strategies
- Becton, Dickinson and Company
- Terumo Corporation
- Johnson & Johnson Services Inc.
- Braun SE
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Nipro Medical Corporation
- Medtronic
- Novo Nordisk A/s
- Cardinal Health
- Teleflex Incorporated
- Thermo Fisher Scientific Inc.
- Merck KGaA
- DTR Medical Ltd
- Stryker
Analyst Views

12. Section

References
Research Methodology
About us