High Flow Needle Sets Market - Forecasts from 2024 to 2029

The high-flow needle sets market was valued at US$789.65 million in 2022 and is expected to grow at a CAGR of 5.64% during the forecast period.

High-flow needle sets are needle sets that are created to ensure user safety and comfort. While administering more viscous drugs to the body, these types of needles are used. High-flow needle sets are more comfortable and faster than standard needles. Growing chronic disease prevalence, and healthcare technology advancement have emerged as a significant driving force behind the substantial growth of the high-flow needle sets market.

Market Drivers

• Increasing chronic disease prevalence bolsters the high-flow needle sets market growth.

Chronic disease prevalence is a significant driver of the high-flow needle set market. Cancer, cardiovascular disease, and bleeding disorders are on the rise, and these conditions usually require frequent medication or fluid withdrawal, which requires the use of high-flow needle sets. For instance, according to the World Health Organization, non-communicable diseases kill 41 million people per year, accounting for 74% of the total deaths worldwide, and 77% of non-communicable disease deaths occur in low- and middle-income countries.

• The rise in healthcare technology advancement drives high-flow needle sets market growth.

Advances in healthcare technology have played a vital role in the development of high-flow needle sets with improved safety, preciseness, and compatibility. It established the way for the development of high-flow needle sets that support patient comfort and security. The market has grown significantly fueled by the manufacturer's ongoing focus on innovation. For instance, in January 2023, KORU Medical Systems proposed a development agreement with the pharmaceutical company of subcutaneous immunoglobulin therapy (SCIg) to establish and seek approval for a Freedom Infusion System with a SCIg prefilled syringe. This will make the subcutaneous delivery of drugs easier for patients at home.

• Booming healthcare infrastructure development drives the high-flow needle sets market expansion.

Technology advancements play a vital role in high-flow needle sets market expansion. Many countries are making investments to enhance their healthcare infrastructure, which led to an increase in demand for advanced medical equipment such as high-flow needle sets. This expansion is fueled additionally by the growing population, which is more likely to suffer from chronic diseases, as well as increased awareness of the benefits of high-flow needle sets. For instance, in October 2021, the Government of India launched the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission. This scheme was announced with an estimated outlay of Rs. 64,180 Cr until FY 25-26. It is the country's largest pan-India scheme for improving healthcare infrastructure as well as the increase in demand for medical equipment such as high-low needle sets.

North America is anticipated to dominate the market

North America will account for a considerable market share owing to the high medical standards and increased prevalence of various chronic diseases in the region's major economies. The U.S. government is investing in healthcare infrastructures and healthcare goods which substantially increases the demand for high-flow needle sets. For instance, National Health Expenditure Accounts tracks annual U.S. spending on healthcare goods and services, government operations, and health-care investment. In 2021, healthcare spending in the United States will increase by 2.7 percent to $4.3 trillion, or $12,914 per person. Health spending accounted for 18.3 percent of the nation's Gross Domestic Product.

Market Challenges

• Needlestick injuries and safety concerns will restrain the high-flow needle sets market growth

The growth of the high-flow needle sets market may be restrained by needlestick injuries and safety concerns for healthcare workers in medical centers. Needlestick injuries endanger the lives of healthcare workers who use high-flow needle sets during medical procedures. These injuries have a chance to spread bloodborne pathogens such as HIV, hepatitis B, and hepatitis C. The health and well-being of healthcare workers are critical to the overall operation of healthcare systems.

Market Development

• November 2023- BD (Becton, Dickinson, and Company) a leading global medical technology company announced the availability of new needle-free blood draw technology compatible with integrated catheters, advancing the company's vision of a "One-Stick Hospital Stay." It can draw high-quality blood samples straight from a patient's peripheral IV line using PIVOTM Pro, decreasing the need for additional needle sticks.

Company Products

• Koru High-Flow Needle Sets- Koru High-Flow needles have been developed with the user's safety and comfort in mind. Designed for sub-flow rates with options in 26 and 24 gauge, these high-flow needle sets offer various configurations, including single, double, triple, quad, penta, and hexa. The needles, available in lengths of 4mm, 6mm, 9mm, 12mm, and 14mm, cater to different patient needs. The sets are not only efficient but also practical, with a 20" length (in 26g sets) that minimizes tangles and facilitates faster flow rates. Moreover, the wings of the needle sets demonstrate great flexibility, ensuring that each needle stays in place without any tenting.
• Nipro Safetouch AVF Needle- Safetouch AVF needles are specially designed to ensure safe needle removal and disposal, protecting both patients and healthcare providers from needle stick injuries (NSI). This needle, which is equipped with an active safety mechanism, states locking with an audible and tactile click and does not necessitate a change in puncture technique.
• (NML) Blood Collection Needles- The NET Multi-Sample Blood Collection Needles Through Hub with optical puncture control can help phlebotomists reduce their blood collection routine. The needle has a clear plastic hub that serves as a viewing window. If the venipuncture is successful, the blood flow causes the view window to change color to red.

Segmentation

By Volume Capacity

• Less than 10ml
• 10-100ml
• More than 100ml

By Raw Material

• Stainless Steel
• Polycarbonate

By End-Use

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Center
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others