November 22, 2023 07:17 ET | Source: Emergen Research Emergen Research
Vancouver, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The global needles market size was USD 6.91 Billion in 2022 and is expected to register a rapid revenue CAGR of 8.7% during the forecast period. Key drivers include the increasing number of hospitals and clinics in emerging countries, a surge in chronic illnesses like cancer and diabetes, and advancements in healthcare systems. The market is witnessing a rise in demand for various needle products, catering to diverse medical needs such as blood collection, dental procedures, and surgical interventions. Non Absorbable Sutures
The expansion of the healthcare sector, both public and private, especially in developing countries, is a primary driver of market growth. The prevalence of chronic diseases, including cancer and circulatory conditions, underscores the demand for needles. The World Health Organization reports approximately 24 million global deaths annually attributed to chronic diseases, creating awareness about the risks of retractable needles. Additionally, the rising use of syringes globally contributes to market growth. Traditional needle-based methods face challenges from the growing use of needle-free technologies. Regulatory standards, compliance requirements, high production costs, and environmental sustainability concerns related to needle disposal are factors potentially restraining market revenue growth.
Technological advancements have led to the creation of safer, more effective needle products. Safety-engineered devices, such as safety syringes, aim to prevent needle stick injuries, enhancing medical worker safety and increasing syringe demand. Pen needles dominate the market, driven by the rising prevalence of chronic diseases like diabetes. The International Diabetes Federation reports a significant increase in diabetic cases, with pen needles being preferred for insulin administration due to their convenience.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2501
Suture needles are expected to experience moderate growth due to the rising need for minimally invasive surgical techniques. Safety needles are expected to witness fast growth due to increased awareness of needle stick injuries and legislative efforts promoting their use. Conventional needles, particularly bevel needles, maintain a large market share due to their widespread use and surgeon familiarity. Hypodermic needles hold a significant market share, driven by their versatile applications in various medical procedures. Intravenous needles are expected to see the fastest growth, supported by the increasing number of healthcare providers relying on these instruments for safe and effective patient care.
North America leads the market due to high rates of cardiac diseases, severe illnesses, and surgical procedures. Contracts awarded by the Department of Defense for safety needles and syringes further highlight the region's commitment to healthcare safety.
Europe is expected to witness the fastest revenue growth, driven by increasing diabetes prevalence and favorable reimbursement policies. Developments in the German healthcare system contribute to improved accessibility to treatments.
The Asia Pacific market is poised for significant growth, attributed to rising chronic diseases, advanced medical technologies, and an aging population. Japan is expected to lead the APAC market, benefiting from low production costs and a robust healthcare industry.
The global needles market is thriving, fueled by the expansion of healthcare facilities, technological advancements, and the increasing prevalence of chronic diseases. The market's future growth is anticipated, especially in regions like Europe and the Asia Pacific, where healthcare developments and rising awareness are contributing factors.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2501
Needles Top Companies and Competitive Landscape
The global needles market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective needle market solutions. Some major players included in the global needle market report are:
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2501 Needles Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global needles market on the basis of product, type, application, delivery mode, material, end-use, and region:
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/needles-market Curated Reports You Shouldn't Miss: Dive In Now!
Joint Reconstruction Market By Joint Type (Knees, Hips, Shoulder, Ankle, and Others), By End-use (Hospitals, Orthopedic Clinics, and Others), By Technique, and By Region Forecast to 2030 Ultrasound-Guided Regional Anesthesia Market By Probe (Linear Probe, Curved Array Probe), By Technology (Supraclavicular Block, Interscalene Block, Infraclavicular Block, Axillary Block), By End-use (Hospitals, Ambulatory Surgical Centers), and By Region, Forecast to 2028 Specialty Enzymes Market By Source(Microorganisms, Plants, Animals), By Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), By Form (Liquid, Dry), By Application, By End-use, and By Region Forecast to 2030 Plant Genomics Market By Type (Genetic Engineering, Molecular Engineering, Genome Editing), By Genomic Property (Yield Improvement, Herbicide Tolerance, Disease Resistance), By Objective (DNA Extraction and Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, GMO-Trait Purity Testing, Marker-Assisted Selection), By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and By Region, Forecast to 2028 Next Generation Implants (NGI) Market By Application (Orthopedic Implants, Cardiovascular Implants, Ocular Implants, Dental Implants, Others), By Material (Metals and Metal Alloys, Ceramics, Polymers, Biologics, Others), By End-Use (Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Academic and Research Institutes), By Region Forecast to 2028 Tumor Genomics Market By Technique Next Generation Sequencing Technique (NGS), Polymerase Chain Reaction (PCR), Microarray, In-Situ Hybridization (ISH), Immunohistochemistry (ICH), Others (Mass Spectrometry and Flow Cytometry), By Application: Diagnostics and Monitoring, Drug Discovery and Development, Biomarker Discovery, By End use: Academics and Research Organizations, Hospitals and Ambulatory Clinics, Clinical and Diagnostic Laboratories, Biotechnology and Pharmaceutical Companies, By Region, Forecast to 2028 About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Emergen Research |Web: https://www.emergenresearch.com/
Plastic Sutures Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights