Needles: The Cornerstone of Effective Diagnosis and Treatment
Roots Analysis
Market research & consulting services in the pharma / biopharma, medical devices & contract manufacturing domains
Chronic diseases are recognized as one of the life-threatening diseases due to their high prevalence and mortality rates across the globe. According to the World Health Organization, approximately 41 million mortalities worldwide, are caused by chronic diseases annually. The impact of these conditions on patients is substantial, as the associated costs and complications can escalate dramatically, leading to reduced mobility and an increased risk of death. These challenges have prompted the demand for medical needles to alleviate the growing burden of chronic diseases.
In order to address these chronic conditions, needles have emerged as a fundamental tool used in diagnosis and treatment offering enhanced precision and advanced interventional options. Needles such as blood collection needles, hypodermic needles, pen needles and suture needles are intended to be used for various medical procedures, such as extracting fluid samples, administering medication and in wound closure procedures. It is worth highlighting that needles have been considered as the indispensable medical device for centuries, owing to their high success rates and positive patient care outcomes. With Continuous research efforts and innovation in this field and rising interest of investors in this domain, the market is anticipated to experience significant market growth over the forecasted period.
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Needles Market
According to Roots Analysis, the needles market is currently estimated to be USD 8.1 billion and is anticipated to grow at a CAGR of 6.1% till 2035. In terms of type of needle based on design, conventional needles (>60%) are expected to capture the majority share in the needles market by 2035. Further, in terms of type of needle based on purpose, syringe needles (~70%) are expected to capture the majority share in the needles market by 2035. Notably by mode of delivery, the subcutaneous mode of delivery segment currently holds the largest share (>35%) of the market. Amongst the various types of materials, stainless steel is anticipated to represent the highest share of the needles market. Additionally, in terms of end users, hospitals and clinics hold the largest share (~60%) of the overall market.
Current Market Landscape of the Needle Providers
The needles market is among the most promising domains in the healthcare industry. Currently, 476 needle providers are focused on manufacturing and developing needles. The landscape features a mix of very large, large, mid-sized, small and very small needle providers. Further, it is worth mentioning that the majority (~50%) of the needle providers are headquartered in Asia-Pacific, owing to the increasing demand for medical needles as a result of escalating levels of chronic diseases within this region. Notable examples of key players based in Asia-Pacific include (established pre-1920, in alphabetical order) Greiner Bio-One International, Kawamoto, PENTAX Medical and Shimadzu.
Market Trends: Needle Providers Partnering to Expand their Needle Portfolio
In recent years, several partnerships and collaborations have been established by needle providers. Such deals are forged to allow companies to expand their respective products portfolio to gain additional capabilities and increase visibility in this domain. It is worth highlighting that the partnerships signed in this industry have primarily been focused on acquisitions, fostering the growth of needles domain across various regions. For instance, in 2024, Tri Tech Forensics acquired Sam Medical to expand their emergency medical product portfolio.
Patent Analysis: Increase in Patent Activity Reflect the Growth of this Industry
It is worth highlighting that there has been a notable rise in the number of patent activities within the needles market. Approximately 765 patents focused on needles have been registered in the past two years, indicating substantial research in this domain. Among these, most of the patents (~70%) have been filed by industry players engaged in this domain.
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Needles Market Size: Asia-Pacific to Hold the Largest Market Share, While Latin America to Witness Highest Market Growth
Presently, over 40% of the market opportunity is created by the demand for advanced and safety equipped needles in Asia-Pacific. This can be attributed to the increasing investments for research and development within the medical device sector in this region. Further, the needles market in Latin America is expected to grow at a relatively higher CAGR of 7.6%, during the forecast period, owing to the growing prevalence of chronic diseases such as diabetes and cancer further escalating the demand for needles in this region.
Market Analysis: Syringe Needles Dominate the Needles Market; Autoinjector Needles Holds Huge Potential
The needles market is currently estimated to be worth USD 8.1 billion. Driven by the increase in the vaccination initiatives and increased health awareness amongst the population for chronic health diseases, the needles market is anticipated to grow at a CAGR of 6.1% during the forecast period, till 2035. It is worth highlighting that, in terms of type of needle based on purpose, the syringe needles segment is expected to capture the majority share of the market during the forecast period. This can be attributed to the fact that syringe needles are fundamental to most of the medical procedures, thereby generating a high demand for these needles.
Key Players Providing Needles
Examples of the key needle providers (the complete list of players is available in the full report) include (in alphabetic order) Aleda Makina, B. Braun, BD, Biotronik, DALI Medical Devices, GEOTEK, Gerresheimer, Lars Medicare, MEDEREN Neotech, Medtronic, Novo Nordisk, Olympus America, Roche, SB-KAWASUMI LABORATORIES, Thermo Fisher Scientific and Wuzhou Medical.
All your Questions Related to Needles Market Answered in this Report
The Needles Market report features an extensive study of the current market landscape, market size and future opportunities for needles market growth, during the given forecast period. Further, the report highlights the efforts of several stakeholders engaged in this rapidly emerging segment of the healthcare industry. The report answers many key questions related to this market. Click on the below link to know more about this emerging area of research
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