The needles market driven by growing demand in hospitals, diagnostic centers, home healthcare, and other end-users. Hospitals segment accounted for largest share of global needles market in 2016 due to the increasing economic expansion and government focus on healthcare delivery systems and access to preventive and curative care of the population.
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%. Factors such as the growing geriatric population, increasing number of hospitals in emerging markets, high prevalence of chronic diseases, and increasing demand for vaccines are driving the growth of the market.
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The needles market is segmented into stainless steel/metallic, plastic, glass, and PEEK needles.
The plastic needles segment is expected to grow at the highest CAGR of the needles market in 2017.Increasing inclination towards self-administration is a major factor driving the growth of the plastic needles market across the globe, as plastic needles are disposable and are more compatible with self-injection devices as compared to glass needles.
Stakeholders of Needle Market is as Follows
- 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
Needles market segmented into stainless steel/metallic, plastic, glass, and PEEK needles. Plastic needles segment expected to grow at highest CAGR of needles market in 2017.
Increasing inclination towards self-administration a major factor driving growth of plastic needles market across globe, as plastic needles are disposable & are more compatible with self-injection devices as compared to glass needles.
Complete report on Needles Market spread across 167 Pages, Profiling 16 Companies and Supported with 92 Tables and 46 Figures is now available at www.rnrmarketresearch.com/needles-…arket-report.html .
Needle market research study involved extensive use of secondary sources, directories, & databases (such as Hoovers, Bloomberg Business, Factiva, and Avention) to identify & collect information useful for this technology-based, market-oriented, & commercial study of 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, & independent industry consultants, among others.
Breakdown of primary interviews: by company type, designation, and region:
- By Company Type - Tier 1 – 45%, Tier 2 – 34% and Tier 3 – 21%
- By Designation – C level – 10%, Director level – 14%, Others – 76%
- By Region – North America - 40%, Europe – 32%, APAC – 20%, RoW – 8%
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.
Click now for more Details, Quiries, Other Information on this study “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” report @ www.rnrmarketresearch.com/contacts…unt?rname=1094435 .
Needle market research focuses on various levels of analysis—industry trends, competitive mapping of top 25 companies in this market, and company profiles, which together provide the basic view of the competitive land scape, emerging and high-growth segments of the needles market and high-growth regions and their respective drivers, restraints, challenges, and opportunities.
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