South America Butterfly Needles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

List of Tables

The South America butterfly needles market is expected to grow from US$ 17.14 million in 2022 to US$ 25.92 million by 2028. It is estimated to record a CAGR of 7.1% from 2022 to 2028.

Increasing Cancer Research to Drive South America Butterfly Needles Market

An intravenous (IV) needle is used to administer chemotherapy for cancer treatment. The medicine is administered directly into the bloodstream through a butterfly needle inserted into the upper arm or hand vein. Cancer is a major and increasing health problem, driving efforts of different national governments to address the problem. Cancer research primarily focuses on various opportunities, including studying populations that are at high risk of cancer, developing drugs and vaccines that do not require refrigeration, and establishing biobanks to manage biospecimens. A multi-level approach is required to advance clinical research, involving collaboration between the pharma industry, regulators, government, and healthcare professionals. Thus, increasing number of cancer cases and rising cancer-related research activities across the region are expected to provide lucrative South America butterfly needles market growth opportunities during the forecast period.

Market Overview

The South America butterfly needles market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2022. Autoimmune Diseases (ADs) are a complex and heterogeneous group of diseases characterized by the loss of immunological tolerance to their antigens and consequent tissue destruction by autoantibodies. Although there are ~80 AD types and at least 40 other diseases with an autoimmune basis, many are considered relatively rare. According to the National Library of Medicine 2019, Brazil's prevalence of autoimmune diseases was 673.6 cases per 100,000 inhabitants. The highest prevalence was identified for Hashimoto's thyroiditis (140.6 cases per 100,000), followed by vitiligo (132.4 cases per 100,000) and rheumatoid arthritis (105.9 cases per 100,000). Rheumatoid arthritis is diagnosed between 30 and 60 years, while psoriasis is diagnosed between 15 and 35 years. By sex ratio, females (69%) hold a larger share. The most affected age group was over 60 years (30.5%), with greater predominance in the urban area (81.3%). It is necessary to sample the blood of patients suffering from these diseases. Thus, the growing prevalence of disorders that require blood draws and drug infusion is boosting the South America butterfly needles market.

South America Butterfly Needles Market Revenue and Forecast to 2028 (US$ Million)

South America Butterfly Needles Market Segmentation

The South America butterfly needles market is segmented based on application, end user, and country.

Based on application, the South America butterfly needles market is segmented into blood collection, IV rehydration, delivery of medications, venipuncture, and blood transfusion. The blood collection segment held the largest market share in 2022.

Based on end user, the South America butterfly needles market is segmented into hospitals, clinics, blood banks, and others. The hospitals segment held the largest market share in 2022.

Based on country, the South America butterfly needles market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the market in 2022.

B. Braun SE, Becton Dickinson and Co, Cardinal Health Inc, ICU Medical Inc, Medline Industries Inc, Nipro Corp, and Terumo Corp are the leading companies operating in the South America butterfly needles market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America butterfly needles market.
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Scrutinize in-depth South America market trends and outlook coupled with the factors driving the butterfly needles market, as well as those hindering it
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Product Code: BMIRE00028084

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 SAM Butterfly Needles Market - by Application
- 1.3.2 SAM Butterfly Needles Market - by End User
- 1.3.3 SAM Butterfly Needles Market - by Country

2. SAM Butterfly Needles Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SAM Butterfly Needles Market - Market Landscape

4.1 Overview
4.2 SAM PEST Analysis
4.3 Expert's Opinion

5. SAM Butterfly Needles Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rise in Prevalence of Chronic Diseases
- 5.1.2 Advantages of Butterfly Needles over Straight Needles
5.2 Market Restraints
- 5.2.1 Risk Associated with Butterfly Needlestick Injuries
5.3 Market Opportunities
- 5.3.1 Increasing Cancer Research
5.4 Future Trends
- 5.4.1 Increasing Organic and Inorganic Strategies by Key Players
5.5 Impact Analysis

6. Butterfly Needles Market - SAM Analysis

6.1 SAM Butterfly Needles Market Revenue Forecast and Analysis

7. SAM Butterfly Needles Market Analysis - By Application

7.1 Overview
7.2 SAM Butterfly Needles Market, by Application 2021 & 2028 (%)
7.3 Blood Collection
- 7.3.1 Overview
- 7.3.2 Blood Collection: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.4 IV Rehydration
- 7.4.1 Overview
- 7.4.2 IV Rehydration: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.5 Delivery of Medications
- 7.5.1 Overview
- 7.5.2 Delivery of Medications: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.6 Venipuncture
- 7.6.1 Overview
- 7.6.2 Venipuncture: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
7.7 Blood Transfusion
- 7.7.1 Overview
- 7.7.2 Blood Transfusion: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)

8. SAM Butterfly Needles Market Analysis - By End User

8.1 Overview
8.2 SAM Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
8.3 Hospitals
- 8.3.1 Overview
- 8.3.2 Hospitals: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.4 Clinics
- 8.4.1 Overview
- 8.4.2 Clinics: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.5 Blood Banks
- 8.5.1 Overview
- 8.5.2 Blood Banks: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)

9. SAM Butterfly Needles Market - Country Analysis

9.1 Overview
- 9.1.2 SAM: Butterfly Needles Market, by Country, 2021 & 2028 (%)
  - 9.1.2.1 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
    - 9.1.2.1.1 Overview
    - 9.1.2.1.2 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
    - 9.1.2.1.3 Brazil: Butterfly Needles Market, by Application, 2019 - 2028 (US$ Thousand)
    - 9.1.2.1.4 Brazil: Butterfly Needles Market, by End User, 2019 - 2028 (US$ Thousand)
  - 9.1.2.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
    - 9.1.2.2.1 Overview
    - 9.1.2.2.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
    - 9.1.2.2.3 Argentina: Butterfly Needles Market, by Application, 2019 - 2028 (US$ Thousand)
    - 9.1.2.2.4 Argentina: Butterfly Needles Market, by End User, 2019 - 2028 (US$ Thousand)
  - 9.1.2.3 Rest of SAM: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
    - 9.1.2.3.1 Overview
    - 9.1.2.3.2 Rest of SAM: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
    - 9.1.2.3.3 Rest of SAM: Butterfly Needles Market, by Application, 2019 - 2028 (US$ Thousand)
    - 9.1.2.3.4 Rest of SAM: Butterfly Needles Market, by End User, 2019 - 2028 (US$ Thousand)

10. Industry Landscape

10.1 Overview
10.2 Organic Developments
- 10.2.1 Overview
10.3 Inorganic Developments
- 10.3.1 Overview

11. Company Profiles

11.1 B. Braun SE
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Becton Dickinson and Co
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Nipro Corp
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Cardinal Health Inc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Medline Industries Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Terumo Corp
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 ICU Medical Inc
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms