Needles Market Insights:
The Needles Market was analyzed which was worth USD 7.16 Billion in the year 2022, expecting a CAGR of 7.61% during the forecast period (2023-2030), and the market is projected to be valued at USD 12.87 Billion by 2030.
Driver:
The increased adoption of Needles in the Medical Devices is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Needles also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Needles in many sectors also boosts the market growth during the forecast period.
Needles are slender, pointed, cylindrical tools or objects typically made of metal or plastic that are used for sewing, knitting, crocheting, or injecting substances into the body. Sewing needles have an eye at one end through which thread is passed, while knitting needles have two pointed ends and are used to knit yarn into fabric. Crochet needles have a hook at one end and are used to create loops in yarn to create a fabric. Medical needles are used to inject fluids or medications into the body or to extract samples of bodily fluids or tissues for diagnostic purposes. Needles come in various sizes and shapes depending on their intended use.
Needles Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Conventional Needles, Safety Needles), Delivery Mode (Hypodermic Needles, Intravenous Needles, Intramuscular Needles, Intraperitoneal Needles), Product (Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles, Other Needles), Material (Glass Needles, Plastic Needles, Stainless Steel Needles, Polyether Ether Ketone Needles), Distribution Channel (Direct Tenders, Retail), End Users (Hospitals and Diagnostic Centers, Home Healthcare, Others), and companies (Ethicon US, LLC., Thermo Fisher Scientific Inc., Novo Nordisk A/S, BD, Stryker,, and Boston Scientific Corporation, Luminex Corporation, Illumina, Inc, Bio-Rad Laboratories, Inc., QIAGEN, Abcam plc, Merck KGaA, Promega Corporation, Siemens, PerkinElmer, Inc and Shimadzu Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 7.61%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 12.87 Billion |
| CAGR (2023-2030) | 7.61% |
| By Type | Conventional Needles, Safety Needles |
| By Delivery Mode | Hypodermic Needles, Intravenous Needles, Intramuscular Needles, Intraperitoneal Needles |
| By Product | Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles, Other Needles |
| By Material | Glass Needles, Plastic Needles, Stainless Steel Needles, Polyether Ether Ketone Needles |
| By Distribution Channel | Direct Tenders, Retail |
| By End Users | Hospitals and Diagnostic Centers, Home Healthcare, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Ethicon US, LLC., Thermo Fisher Scientific Inc., Novo Nordisk A/S, BD, Stryker,, and Boston Scientific Corporation, Luminex Corporation, Illumina, Inc, Bio-Rad Laboratories, Inc., QIAGEN, Abcam plc, Merck KGaA, Promega Corporation, Siemens, PerkinElmer, Inc and Shimadzu Corporation |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Needles market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Ethicon US, LLC., Thermo Fisher Scientific Inc., Novo Nordisk A/S, BD, Stryker,, and Boston Scientific Corporation, Luminex Corporation, Illumina, Inc, Bio-Rad Laboratories, Inc., QIAGEN, Abcam plc, Merck KGaA, Promega Corporation, Siemens, PerkinElmer, Inc and Shimadzu Corporation
Market Segment Analysis:
By Type
- Conventional Needles
- Safety Needles
By Product
- Suture Needles
- Blood Collection Needles
- Ophthalmic Needles
- Dental Needles
- Insufflation Needles
- Pen Needles
- Other Needles
By Delivery Mode
- Hypodermic Needles
- Intravenous Needles
- Intramuscular Needles
- Intraperitoneal Needles
By Material
- Glass Needles
- Plastic Needles
- Stainless Steel Needles
- Polyether Ether Ketone Needles
By Distribution Channel
- Direct Tenders
- Retail
By End Users
- Hospitals and Diagnostic Centers
- Home Healthcare
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Needles industries in the region.
Key Needles Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Needles Market segments.
– Largest Market Share Held by Industry to Industry for Needles
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Needles Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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