HOME Top Market Reports Needles Market by Type (Conventional (Bevel, Vented) & Safety), Product (Suture, Blood Collection, Insufflation), Material (Stainless Steel, Plastic), Delivery Mode (IV, IM, Hypodermic), End-User (Hospitals, Diagnostic Centers) - Global Forecast to 2022

Needles Market by Type (Conventional (Bevel, Vented) & Safety), Product (Suture, Blood Collection, Insufflation), Material (Stainless Steel, Plastic), Delivery Mode (IV, IM, Hypodermic), End-User (Hospitals, Diagnostic Centers) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: MD 5374

 

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The needles market is expected to reach USD 8.47 Billion by 2022 from USD 5.82 Billion in 2017, at a CAGR of 7.8% during the forecast period. Base year considered for the report is 2016 and forecast year is 2022.

Objectives of the Study:

  • To define, describe, and forecast the global needles market on the basis of type, product, delivery mode, material, end user, and region
  • To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To provide the value forecast of the market segments and subsegments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and Rest of the World
  • To profile the key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as product launches; agreements, partnerships, & collaborations; and acquisitions in the global needles market

This research study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and Avention) to identify and collect information useful for this technology-based, market-oriented, and commercial study of the global needles market. In-depth interviews were conducted with various primary respondents that mainly included key industry participants, subject-matter experts (SMEs), C & D level executives of key market players, and independent industry consultants, among others; to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects of the global needles industry.

The secondary sources referred to for this research study include corporate filings (such as annual reports, SEC filings, investor presentations, and financial statements); research journals; press releases; as well as articles published by various trade, business, and professional associations.

Needles Market

To know about the assumptions considered for the study, download the pdf brochure

Hamilton Company (U.S.), Medtronic plc (Ireland), Becton, Dickinson and Company (U.S.), Stryker Corporation (U.S.), B. Braun Melsungen AG (Germany), Boston Scientific Corporation (U.S.), Terumo Corporation (Japan), Novo Nordisk A/s (Denmark), Smiths Medical (U.K.), and Thermo Fisher Scientific (U.S.) are some of the key players in the global needles market. These players are striving to expand their presence in the emerging countries of Asia and the Middle East & North Africa (MENA) region through product launches, partnerships, product approvals, and collaborations.

Stakeholders

  • Needle manufacturers, suppliers, and distributors
  • Injectable device manufacturers, suppliers, and distributors
  • Healthcare institutions (hospitals and outpatient clinics)
  • Clinical centers
  • Pharmaceuticals companies
  • Medical research laboratories
  • Consulting firms

Scope of the Report

This report categorizes the global needles market into the following segments and subsegments:

Global Needles Market, by Type

  • Conventional Needles
  • Bevel Needles
  • Blunt Fill Needles
  • Filter Needles
  • Vented Needles
  • Safety Needles
  • Active needles
  • Passive Needles

Global Needles Market, by Product

  • Suture Needles
  • Blood Collection Needles
  • Ophthalmic Needles
  • Dental Needles
  • Insufflation Needles
  • Pen Needles
  • Other Needles (Spinal, Biopsy, Catheter, and Transseptal Needles)

Global Needles Market, by Delivery Mode

  • Hypodermic Needles
  • Intravenous Needles
  • Intramuscular Needles
  • Intraperitoneal Needles

Global Needles Market, by Material

  • Stainless Steel Needles
  • Plastic Needles
  • Glass Needles
  • PEEK Needles

Global Needles Market, by End User

  • Hospitals & Clinics
  • Diagnostic Centers
  • Home Healthcare
  • Other End Users (Trauma Centers, Blood Banks, Nursing Homes, and Acute Care Centers)

Global NGS-based RNA-Seq Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolios of the top five companies in the needles market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Geographic Analysis

  • Further breakdown of the European needles market on the basis of country (covering Germany, France, the U.K., and Rest of Europe)
  • Further breakdown of the Asia-Pacific needles market on the basis of country (covering Japan, China, India, and Rest of Asia-Pacific)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Research Methodology
                    2.1.1.1 Secondary Research
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Research
                    2.1.2.1 Key Data From Primary Sources
    2.2 Market Size Estimation Methodology
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Data Validation and Triangulation
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Needles Market Overview
    4.2 Geographic Analysis: Needles Market, By Delivery Mode (2017)
    4.3 Needles Market Size, By Product (2017 vs 2022)
    4.4 Needles Market, By Material (2017 vs 2022)
    4.5 Needles Market, By End User (2017 vs 2022)
    4.6 Needles Market, By Type (2017 vs 2022)
    4.7 Geographic Snapshot of the Needles Market

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Prevalence of Chronic Diseases
                    5.2.1.2 Growing Geriatric Population
                    5.2.1.3 Increasing Number of Hospitals in Emerging Markets
                    5.2.1.4 Increasing Demand for Vaccines
           5.2.2 Restraints
                    5.2.2.1 Rising Needlestick Injuries and Infections
           5.2.3 Opportunities
                    5.2.3.1 Expanding Injectables Market
                    5.2.3.2 Rise in Self-Administration of Drugs
                    5.2.3.3 Rising Use of Safety Needles
           5.2.4 Challenges
                    5.2.4.1 Use of Needle-Free Injection Technology
                    5.2.4.2 Growing Focus on the Development of Alternative Drug Delivery Methods

6 Needles Market, By Type (Page No. - 44)
    6.1 Introduction
    6.2 Conventional Needles
           6.2.1 Bevel Needles
           6.2.2 Blunt Fill Needles
           6.2.3 Vented Needles
           6.2.4 Filter Needles
    6.3 Safety Needles
           6.3.1 Active Needles
           6.3.2 Passive Needles

7 Needles Market, By Product (Page No. - 56)
    7.1 Introduction
    7.2 Suture Needles
    7.3 Blood Collection Needles
    7.4 Ophthalmic Needles
    7.5 Dental Needles
    7.6 Insufflation Needles
    7.7 Pen Needles
    7.8 Other Needles

8 Needles Market, By Delivery Mode (Page No. - 67)
    8.1 Introduction
    8.2 Hypodermic Needles
    8.3 Intravenous Needles
    8.4 Intramuscular Needles
    8.5 Intraperitoneal Needles

9 Needles Market, By Material (Page No. - 75)
    9.1 Introduction
    9.2 Glass Needles
    9.3 Plastic Needles
    9.4 Stainless Steel/Metallic Needles
    9.5 Polyetheretherketone (PEEK) Needles

10 Needles Market, By End User (Page No. - 81)
     10.1 Introduction
     10.2 Hospitals
     10.3 Diagnostic Centers
     10.4 Home Healthcare
     10.5 Other End Users

11 Needles Market, By Region (Page No. - 88)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 111)
     12.1 Introduction
     12.2 Needles Market (Global) Competitive Leadership Mapping, 2017
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamic Differentiators
             12.2.4 Emerging Companies
     12.3 Competitive Benchmarking
             12.3.1 Product Offerings (For 25 Players)
             12.3.2 Business Strategy (For 25 Players)

*Top 25 Companies Analyzed for This Study are - Medtronic PLC (Ireland), Thermo Fisher Scientific Inc. (U.S.), Boston Scientific Corporation (U.S.), Cook Medical (U.S.), Ethicon Us, LLC. (U.S.), Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (U.S.), Stryker Corporation (U.S.), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), Nipro Corporation (Japan), Ypsomed Holding (Switzerland), Integra Lifesciences Corporation (U.S.), Unimed SA (Switzerland), Galil Medical Inc (U.S.), Hamilton Company (U.S.), Precision Medical Products, Inc. (U.S.), Smiths Medical (U.S.), Sigma-Aldrich (U.S.), Aspen Surgical (U.S.), A. Menarini Diagnostics (U.K.), Vita Needle Company (U.S.), Allison Medical, Inc. (U.S.), Argon Medical Devices, Inc. (U.S.),

13 Company Profiles (Page No. - 115)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Hamilton Company
     13.3 Medtronic PLC
     13.4 Becton, Dickinson and Company
     13.5 B. Braun Melsungen AG
     13.6 Stryker Corporation
     13.7 Ethicon, Inc. (Subsidiary of Johnson and Johnson)
     13.8 Boston Scientific Corporation
     13.9 Unimed SA
     13.10 Novo Nordisk A/S
     13.11 Terumo Corporation
     13.12 Olympus Corporation
     13.13 Smiths Medical
     13.14 Nipro Corporation
     13.15 Sigma-Aldrich (Subsidiary of Merck KGaA)
     13.16 Thermo Fisher Scientific Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 157)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (92 Tables)

Table 1 Market Size, By Type, 2015-2022 (USD Million)
Table 2 Conventional Needles Market Size, By Type, 2015-2022 (USD Million)
Table 3 Conventional Needles Market Size, By Region, 2015-2022 (USD Million)
Table 4 Bevel Needles Market Size, By Region, 2015-2022 (USD Million)
Table 5 North America: Bevel Needles Market Size, By Country, 2015-2022 (USD Million)
Table 6 Blunt Fill Needles Market Size, By Region, 2015-2022 (USD Million)
Table 7 North America: Blunt Fill Needles Market Size, By Country, 2015-2022 (USD Million)
Table 8 Vented Needles Market Size, By Region, 2015-2022 (USD Million)
Table 9 North America: Vented Needles Market Size, By Country, 2015-2022 (USD Million)
Table 10 Filter Needles Market Size, By Region, 2015-2022 (USD Million)
Table 11 North America: Filter Needles Market Size, By Country, 2015-2022 (USD Million)
Table 12 Safety Needles Market Size, By Type, 2015-2022 (USD Million)
Table 13 Safety Needles Market Size, By Region, 2015-2022 (USD Million)
Table 14 North America: Safety Needles Market Size, By Country, 2015-2022 (USD Million)
Table 15 Active Needles Market Size, By Region, 2015-2022 (USD Million)
Table 16 North America: Active Needles Market Size, By Country, 2015-2022 (USD Million)
Table 17 Passive Needles Market Size, By Region, 2015-2022 (USD Million)
Table 18 North America: Passive Needles Market Size, By Country, 2015-2022 (USD Million)
Table 19 Market Size, By Product, 2015–2022 (USD Million)
Table 20 Suture Needles Market Size, By Region, 2015-2022 (USD Million)
Table 21 North America: Suture Needles Market Size, By Country, 2015-2022 (USD Million)
Table 22 Blood Collection Needles Market Size, By Region, 2015-2022 (USD Million)
Table 23 North America: Blood Collection Needles Market Size, By Country, 2015-2022 (USD Million)
Table 24 Ophthalmic Needles Market Size, By Region, 2015-2022 (USD Million)
Table 25 North America: Ophthalmic Needles Market Size, By Country, 2015-2022 (USD Million)
Table 26 Dental Needles Market Size, By Region, 2015-2022 (USD Million)
Table 27 North America: Dental Needles Market Size, By Country, 2015-2022 (USD Million)
Table 28 Insufflation Needles Market Size, By Region, 2015-2022 (USD Million)
Table 29 North America: Insufflation Needles Market Size, By Country, 2015-2022 (USD Million)
Table 30 Pen Needles Market Size, By Region, 2015-2022 (USD Million)
Table 31 North America: Pen Needles Market Size, By Country, 2015-2022 (USD Million)
Table 32 Other Needles Market Size, By Region, 2015-2022 (USD Million)
Table 33 North America: Other Needles Market Size, By Country, 2015-2022 (USD Million)
Table 34 Market Size, By Delivery Mode, 2015–2022 (USD Million)
Table 35 Hypodermic Needles Market Size, By Region, 2015–2022 (USD Million)
Table 36 North America: Hypodermic Needles Market Size, By Country, 2015–2022 (USD Million)
Table 37 Intravenous Needles Market Size, By Region, 2015-2022 (USD Million)
Table 38 North America: Intravenous Needles Market Size, By Country, 2015–2022 (USD Million)
Table 39 Intramuscular Needles Market Size, By Region, 2015-2022 (USD Million)
Table 40 North America: Intramuscular Needles Market Size, By Country, 2015–2022 (USD Million)
Table 41 Intraperitoneal Needles Market Size, By Region, 2015-2022 (USD Million)
Table 42 North America: Intraperitoneal Needles Market Size, By Country, 2015–2022 (USD Million)
Table 43 Market Size, By Material, 2015–2022 (USD Million)
Table 44 Glass Needles Market Size, By Region, 2015–2022 (USD Million)
Table 45 North America Glass Needles Market Size, By Country, 2015–2022 (USD Million)
Table 46 Plastic Needles Market Size, By Region, 2015–2022 (USD Million)
Table 47 North America Plastic Needles Market Size, By Country, 2015–2022 (USD Million)
Table 48 Stainless Steel/Metallic Needles Market Size, By Region, 2015–2022 (USD Million)
Table 49 North America Stainless Steel/Metallic Needles Market Size, By Country, 2015–2022 (USD Million)
Table 50 PEEK Needles Market Size, By Region, 2015–2022 (USD Million)
Table 51 North America PEEK Needles Market Size, By Country, 2015–2022 (USD Million)
Table 52 Market Size, By End User, 2015–2022 (USD Million)
Table 53 Market Size for Hospitals, By Region, 2015–2022 (USD Million)
Table 54 North America Needles Market Size for Hospitals, By Country, 2015–2022 (USD Million)
Table 55 Market Size for Diagnostic Centers, By Region, 2015–2022 (USD Million)
Table 56 North America Needles Market Size for Diagnostic Centers, By Country, 2015–2022 (USD Million)
Table 57 Market Size for Home Healthcare, By Region, 2015-2022 (USD Million)
Table 58 North America Needles Market Size for Home Healthcare, By Country, 2015–2022 (USD Million)
Table 59 Market Size for Other End Users, By Region, 2015-2022 (USD Million)
Table 60 North America Needles Market Size for Other End Users, By Country, 2015–2022 (USD Million)
Table 61 Market Size, By Region, 2015–2022 (USD Million)
Table 62 North American Needles Market Size, By Country, 2015–2022 (USD Million)
Table 63 North America: Market Size, By Type, 2015-2022 (USD Million)
Table 64 North America: Market Size, By Product, 2015–2022 (USD Million)
Table 65 North America: Market Size, By Delivery Mode, 2015–2022 (USD Million)
Table 66 North America: Market Size, By Material, 2015–2022 (USD Million)
Table 67 North America: Market Size, By End User, 2015–2022 (USD Million)
Table 68 U.S.: Needles Market Size, By Type, 2015–2022 (USD Million)
Table 69 U.S.: Market Size, By Product, 2015–2022 (USD Million)
Table 70 U.S.: Market Size, By Delivery Mode, 2015–2022 (USD Million)
Table 71 U.S.: Market Size, By Material, 2015–2022 (USD Million)
Table 72 U.S.: Market Size, By End User, 2015–2022 (USD Million)
Table 73 Canada: Needles Market Size, By Type, 2015–2022 (USD Million)
Table 74 Canada: Market Size, By Product, 2015–2022 (USD Million)
Table 75 Canada: Market Size, By Delivery Mode, 2015–2022 (USD Million)
Table 76 Canada: Market Size, By Material, 2015–2022 (USD Million)
Table 77 Canada: Market Size, By End User, 2015–2022 (USD Million)
Table 78 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 79 Europe: Market Size, By Product, 2015–2022 (USD Million)
Table 80 Europe: Market Size, By Delivery Mode, 2015–2022 (USD Million)
Table 81 Europe: Market Size, By Material, 2015–2022 (USD Million)
Table 82 Europe: Market Size, By End User, 2015–2022 (USD Million)
Table 83 Asia-Pacific: Needles Market Size, By Type, 2015–2022 (USD Million)
Table 84 Asia-Pacific: Market Size, By Product, 2015–2022 (USD Million)
Table 85 Asia-Pacific: Market Size, By Delivery Mode, 2015–2022 (USD Million)
Table 86 Asia-Pacific: Market Size, By Material, 2015–2022 (USD Million)
Table 87 Asia-Pacific: Market Size, By End User, 2015–2022 (USD Million)
Table 88 RoW: Market Size, By Type, 2015–2022 (USD Million)
Table 89 RoW: Market Size, By Product, 2015–2022 (USD Million)
Table 90 RoW: Market Size, By Delivery Mode, 2015–2022 (USD Million)
Table 91 RoW: Market Size, By Material, 2015–2022 (USD Million)
Table 92 RoW: Market Size, By End User, 2015–2022 (USD Million)


List of Figures (46 Figures)

Figure 1 Global Needles Market: Research Methodology Steps
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Global Needles Market, By Type, 2017 vs 2022
Figure 7 Global Market, By Product, 2017 vs 2022
Figure 8 Global Market, By Delivery Mode, 2017 vs 2022
Figure 9 Global Market, By Region, 2017 (USD Million)
Figure 10 High Prevalence of Chronic Diseases and Increasing Number of Hospitals is Driving the Growth of the Needles Market
Figure 11 Hypodermic Needles to Dominate the Market in 2017
Figure 12 Pen Needles Will Continue to Dominate the Needles Market in 2022
Figure 13 Stainless Steel/Metallic Segment to Dominate the Needles Market
Figure 14 Hospitals to Dominate the Needles Market, By End User
Figure 15 Conventional Needles to Command the Largest Share of the Needles Market
Figure 16 Asia-Pacific to Register the Highest CAGR During the Forecast Period (2017 to 2022)
Figure 17 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Estimated Number of Diabetic Patients, By Region, 2015 vs 2040
Figure 19 Expected Increase in New Cancer Cases, 2012 vs 2020
Figure 20 Geriatric Population, By Region, 2010–2030
Figure 21 Safety Needles Segment to Witness Higher Growth During the Forecast Period
Figure 22 Asia Pacific to Witness Highest Growth During the Forecast Period
Figure 23 North America to Dominate the Safety Needles Market During the Forecast Period
Figure 24 Pen Needles Segment to Register Highest Growth During the Forecast Period
Figure 25 Intravenous Needles Segment to Witness the Highest Growth Rate During the Forecast Period
Figure 26 Asia-Pacific Segment to Witness the Highest Growth Rate During the Forecast Period
Figure 27 North America to Dominate the Intravenous Needles Segment During the Forecast Period
Figure 28 Global Market, By Material, 2017 vs 2022
Figure 29 Hospitals to Witness the Highest Growth During the Forecast Period
Figure 30 Market: Growth Forecast, By Region (2017–2022)
Figure 31 North American Market Snapshot
Figure 32 Europe Market Snapshot
Figure 33 Asia-Pacific Market Snapshot
Figure 34 Market (Global) Competitive Leadership Mapping, 2017
Figure 35 Medtronic PLC: Company Snapshot (2016)
Figure 36 Becton, Dickinson and Company: Company Snapshot (2016)
Figure 37 B. Braun Melsungen AG: Company Snapshot (2016)
Figure 38 Stryker Corporation: Company Snapshot (2016)
Figure 39 Johnson & Johnson: Company Snapshot (2016)
Figure 40 Boston Scientific Corporation: Company Snapshot (2016)
Figure 41 Novo Nordisk A/S: Company Snapshot (2016)
Figure 42 Terumo Corporation: Company Snapshot (2016)
Figure 43 Olympus Corporation: Company Snapshot (2016)
Figure 44 Smiths Medical: Company Snapshot (2016)
Figure 45 Merck KGaA: Company Snapshot (2016)
Figure 46 Thermo Fisher Scientific Inc.: Company Snapshot (2016)

The global needles market is projected to reach USD 8.47 Billion by 2022 from USD 5.82 Billion in 2017, at a CAGR of 7.8% during the forecast period. The growing geriatric population, increasing number of hospitals in emerging markets, high prevalence of chronic diseases, and increasing demand for vaccines are the major factors driving the growth of the needles market across the globe.

This report broadly segments the needles market into type, products, material, delivery mode, and end user.

On the basis of type, the global needles market is segmented into two broad categories, namely, conventional needles and safety needles. The global safety needles segment is expected to grow at a higher CAGR from 2017 to 2022, owing to the increasing awareness regarding the use of safety syringes and need to reduce needlestick injuries.

Based on product, the needles market is segmented into suture needles, blood collection needles, ophthalmic needles, dental needles, insufflation needles, pen needles, and other needles. The pen needles segment is expected to hold the largest share of the needles market in 2017. The demand for pen needles is expected to increase with the growing prevalence of diabetes. Around 415 million people had diabetes in 2013, worldwide; by 2040, this figure is expected to increase to 642 million (Source: International Diabetes Federation). Thus, with the increasing prevalence of diabetes across the globe, the demand for pen needles will increase during the forecast period.

On the basis of the delivery mode, the needles market is segmented into hypodermic, intravenous, intramuscular, and intraperitoneal needles. The hypodermic needles segment is expected to account for the largest share of the needles market in 2017. These needles are used for injecting drugs into the subcutaneous layer of skin; this enables the quick absorption of active compounds into the bloodstream, which is the key factor contributing to the market growth of this segment.

The needles market is segmented into stainless steel/metallic, plastic, glass, and PEEK needles, based on materials. The stainless steel/metallic needles segment is expected to account for the largest share of the needles market in 2017. Stainless steel/metallic needles are affordable and do not rust; they can also be sterilized and reused; these factors are contributing to the large share of this market segment.

By end user, the needles market is segmented into hospitals, home healthcare, diagnostic centers, and other end users (trauma centers, blood banks, nursing homes, and acute care centers). The hospitals segment is expected to account for the largest share of the needles market in 2017. Growth in the healthcare sector in emerging economies and the increasing out-of-pocket healthcare expenditure across the globe are the key factors contributing to the market growth of this segment.

Geographically, emerging Asian countries offer high-growth opportunities for market players. As of 2017. The conducive regulatory policies for the approval of new injectables and rapid growth in the geriatric population are key factors influencing the growth of the Asia-Pacific needles market.

Needles Market

However, the rising needlestick injuries and infections, use of needle-free technology, and growing focus on the development of alternative drug delivery methods are the major factors that are expected to restrain the growth of this market.

A majority of the leading players, including Medtronic plc (Ireland), Ethicon US, LLC. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Novo Nordisk A/S (Denmark), Becton, Dickinson and Company (U.S.), Stryker Corporation (U.S.), and Boston Scientific Corporation (U.S.), among others in the needles market are developing advanced needles enabled with safety features to secure their position in the market. Companies also focus on upgrading their product offerings and expanding their distribution networks to gain a larger share of the market through partnerships and collaborations.

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