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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421679
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421679
Filter Needles Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Stainless Steel, Glass, Others); By End-use; By Region; And Segment Forecasts, 2023 - 2032
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The global filter needles market size is expected to reach USD 3.91 billion by 2032, according to a new study by Polaris Market Research. The report "Filter Needles Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Stainless Steel, Glass, Others); By End-use; By Region; And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The scope of the Filter Needles Market encompasses various aspects related to the production, distribution, and application of filter needles in healthcare settings. Filter needles come in various sizes, designs, and materials, with different micron ratings for the filter. The market includes single-use and multi-use filter needles, each catering to specific needs in the healthcare industry. These are primarily used in healthcare settings for drawing up medication from vials and ampules and passing them through a filter before administration. Common applications include intravenous (IV) medication administration, chemotherapy, and other medical procedures that require sterile and particle-free solutions.
The growing elderly population, advancements in technology, and the higher incidence of chronic wounds are propelling the market. The rising prevalence of different chronic wounds worldwide is expected to fuel market growth. These chronic wounds include diabetic foot ulcers, venous leg ulcers, and pressure ulcers. It is essential to have blunt filter needles or filter straws equipped with a 5-micron filter whenever medication is withdrawn from a glass ampoule. This practice is crucial to minimize glass particle contamination, ensuring patient safety and reducing the potential risk of harm to patients.
Diabetic foot ulcers are typically a result of prolonged diabetes in patients. The escalating global rate of diabetes in all age groups is a major contributor to the widespread occurrence of the diabetic foot ulcers. According to research conducted by the National Center for Biotechnology Information (NCBI), the prevalence rates of diabetic foot ulcers in various regions were as follows in 2017: 13.0% in North America (highest), 5.5% in Asia, 7.2% in Africa, 5.1% in Europe, 1.5% in Australia, 16.6% in Belgium, 14.8% in Canada, and 13.0% in the U.S.
The occurrence of pressure ulcers is on the rise due to a rapidly aging global population and an increase in disabilities. In the U.S., approximately USD 11 Bn is spent each year on treating the pressure ulcers, as reported by the National Center for Biotechnology Information (NCBI). Additionally, the prevalence rate of pressure ulcers among nursing home patients is around 11% each year, indicating high incidence and prevalence rates expected to persist in the future.
Venous leg ulcers, open sores occurring between the ankle & knee due to the venous disease, are the most common type of the leg ulcer. According to NCBI, the prevalence rate of these ulcers ranges from 0.18-1%. These ulcers represent an advanced stage of chronic venous disorders, with a recurrence rate exceeding 70.0%. The widespread presence of such chronic wounds is anticipated to drive market growth in the upcoming years.
Filter Needles Market Report Highlights
- In 2022, the stainless-steel segment held the largest share of the filter needle industry, owing to its low-price range and huge portfolio of offerings by the key players.
- The hospital segment accounted for the fastest market during the forecast period, primarily because of the rise in surgeries and the high penetration of medical supplies.
- APAC will grow at a rapid pace, owing to the presence of a huge population seeking medical treatment.
- In 2022, North America held the largest market share, owing to the presence of key layers in the sector and a huge network of hospitals.
- The key market players include BD, Cardinal Health, Myco Medical, Stryker, B. Braun, Sol-Millennium, Terumo Corporation, ICU Medical, Boston Scientific Corporation, and Thermo Fisher Scientific.
Polaris Market Research has segmented the filter needles market report based on raw material, end use, and region:
Filter Needles, Raw Material Outlook (Revenue - USD Billion, 2023 - 2032)
- Stainless Steel
- Glass
- Others
Filter Needles, End Use Outlook (Revenue - USD Billion, 2023 - 2032)
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
Filter Needles, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM4018
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Filter Needles Market Insights
- 4.1. Filter Needles Market - Industry Snapshot
- 4.2. Filter Needles Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Prevalence of Diabetes
- 4.2.1.2. Rising Geriatric Population
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Cost Considerations
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Filter Needles Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Filter Needles Market, by Raw Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Filter Needles, by Raw Material, 2019-2032 (USD Billion)
- 5.3. Stainless Steel
- 5.3.1. Global Filter Needles Market, by Stainless Steel, by Region, 2019-2032 (USD Billion)
- 5.4. Glass
- 5.4.1. Global Filter Needles Market, by Glass, by Region, 2019-2032 (USD Billion)
- 5.5. Others
- 5.5.1. Global Filter Needles Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Filter Needles Market, by End Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 6.3. Hospitals
- 6.3.1. Global Filter Needles Market, by Hospitals, by Region, 2019-2032 (USD Billion)
- 6.4. Clinics
- 6.4.1. Global Filter Needles Market, by Clinics, by Region, 2019-2032 (USD Billion)
- 6.5. Ambulatory Surgery Centers
- 6.5.1. Global Filter Needles Market, by Ambulatory Surgery Centers, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Filter Needles Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Filter Needles Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Filter Needles Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Filter Needles Market - North America
- 7.3.1. North America: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.3.2. North America: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.3.3. Filter Needles Market - U.S.
- 7.3.3.1. U.S.: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.3.4. Filter Needles Market - Canada
- 7.3.4.1. Canada: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4. Filter Needles Market - Europe
- 7.4.1. Europe: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.2. Europe: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4.3. Filter Needles Market - UK
- 7.4.3.1. UK: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4.4. Filter Needles Market - France
- 7.4.4.1. France: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.4.2. France: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4.5. Filter Needles Market - Germany
- 7.4.5.1. Germany: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4.6. Filter Needles Market - Italy
- 7.4.6.1. Italy: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4.7. Filter Needles Market - Spain
- 7.4.7.1. Spain: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4.8. Filter Needles Market - Netherlands
- 7.4.8.1. Netherlands: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.4.9. Filter Needles Market - Russia
- 7.4.9.1. Russia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.5. Filter Needles Market - Asia Pacific
- 7.5.1. Asia Pacific: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.5.3. Filter Needles Market - China
- 7.5.3.1. China: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.5.3.2. China: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.5.4. Filter Needles Market - India
- 7.5.4.1. India: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.5.4.2. India: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.5.5. Filter Needles Market - Malaysia
- 7.5.5.1. Malaysia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.5.6. Filter Needles Market - Japan
- 7.5.6.1. Japan: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.5.7. Filter Needles Market - Indonesia
- 7.5.7.1. Indonesia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.5.8. Filter Needles Market - South Korea
- 7.5.8.1. South Korea: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.6. Filter Needles Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.6.3. Filter Needles Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.6.4. Filter Needles Market - UAE
- 7.6.4.1. UAE: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.6.5. Filter Needles Market - Israel
- 7.6.5.1. Israel: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.6.6. Filter Needles Market - South Africa
- 7.6.6.1. South Africa: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.7. Filter Needles Market - Latin America
- 7.7.1. Latin America: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.7.3. Filter Needles Market - Mexico
- 7.7.3.1. Mexico: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.7.4. Filter Needles Market - Brazil
- 7.7.4.1. Brazil: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- 7.7.5. Filter Needles Market - Argentina
- 7.7.5.1. Argentina: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Dickinson and Company (BD)
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Cardinal Health
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Myco Medical
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Stryker
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. B. Braun
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Sol-Millennium
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Terumo Corporation
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. ICU Medical
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Boston Scientific Corporation
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Thermo Fisher Scientific
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM4018
List of Tables
- Table 1 Global Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 2 Global Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 3 Filter Needles Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 5 North America: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 6 U.S.: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 7 U.S.: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 8 Canada: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 9 Canada: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 10 Europe: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 11 Europe: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 12 UK: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 13 UK: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 14 France: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 15 France: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 16 Germany: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 17 Germany: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 18 Italy: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 19 Italy: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 20 Spain: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 21 Spain: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 22 Netherlands: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 23 Netherlands: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 24 Russia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 25 Russia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 28 China: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 29 China: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 30 India: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 31 India: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 32 Malaysia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 33 Malaysia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 34 Japan: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 35 Japan: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 36 Indonesia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 37 Indonesia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 38 South Korea: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 39 South Korea: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 44 UAE: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 45 UAE: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 46 Israel: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 47 Israel: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 48 South Africa: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 49 South Africa: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 50 Latin America: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 51 Latin America: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 52 Mexico: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 53 Mexico: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 54 Brazil: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 55 Brazil: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
- Table 56 Argentina: Filter Needles Market, by End Use, 2019-2032 (USD Billion)
- Table 57 Argentina: Filter Needles Market, by Raw Material, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Filter Needles Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End Use
- Figure 7 Global Filter Needles Market, by End Use, 2022 & 2032 (USD Billion)
- Figure 8 Market by Raw Material
- Figure 9 Global Filter Needles Market, by Raw Material, 2022 & 2032 (USD Billion)
- Figure 10 Filter Needles Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Filter Needles Market
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