Needles Market Report Overview
Maximize Market Research published reports that help clients understand the Needles market structure in-depth. The report which is a combination of primary and secondary research gives thorough details about the Needles market, trade statistics, leading players, and various market metrics.
Needles Market Report Scope and Research Methodology
The report provides business statistics and analytical insights to help you understand the Needles market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Needles market size. Both primary and secondary research methodologies were used to clearly present the Needles market structure.
In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Needles key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Needles industry experts were interviewed.
The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Needles competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Needles market.
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Needles Market Regional Analysis
The report has been segmented into many key countries. This section provides a detailed analysis of the Needles market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:
- North America- U.S., Canada, Mexico
- Europe- UK, Germany, France, Spain, Rest of Europe
- Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
- South America- Brazil
- Middle East and Africa.
Needles Market Segmentation
by Type
Conventional
Safety
In terms of type, Safety Needles held a 57.2% market share in 2022. These items offer a lower chance of needle stick injuries. Blood-borne infections like HIV and the hepatitis B and C viruses can result from such damage. Safety needles save expenditures, lessen the risk of infection, and improve usability and convenience. Pressing the plunger to inject the medicine triggers automatic withdrawal technology in NMT-type safety syringes. Accuracy, operating time, and quick-use design were helpful factors because most medical professionals favored safety needle technology over traditional.
by Product
Pen
Suture
Blood Collection
Others
In terms of product, pen needles held a 36.3% market share in 2022. Pen needles come in a range of diameters and lengths, and diabetes is becoming more and more common. Small, thin, painless needles are now readily accessible worldwide because to advancements in technology. Throughout the projection period, these elements will continue to fuel the segment's expansion.
by Mode
Hypodermic
Intravenous
Intramuscular
Others
According to Mode, the Hypodermics category has a 35.3% market share in 2022. Growth in long-term conditions like diabetes and the development of needles that work with high-performance injection technology and can tolerate high pressures. The market sector is expanding as a result of these causes.
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Needles Market Key Players
1. Becton
2. Dickinson & Company
3. Medtronic plc
4. Hamilton Company
5. Stryker Corporation
6. Terumo Corporation
7. B. Braun Melsungen AG
8. Boston Scientific Corporation
9. Nipro Medical Corporation
10. Novo Nordisk A/s
11. Thermo Fisher Scientific
12. Smith’s Medical
13. Hilgenberg GmbH
14. BD
15. Novo Nordisk A/S
16. YPSOMED
17. Owen Mumford
18. HTL-STREFA S.A.
19. B. Braun Melsungen AG
20. ulti med Products (Deutschland) GmbH
21. Allison Medical Inc.
22. Artsana S.p.A.
23. Abbott
24. CONMED Corporation
25. Johnson & Johnson Services, Inc.
26. Retractable Technologies, Inc.
27. Olympus Corporation
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Key Questions answered in the Needles Market Report are:
- What is Needles?
- What will be the CAGR of the Needles market during the forecast period?
- Which segment of the Needles market held the largest share of the global market in 2022?
- What trends are expected to generate additional revenue for the Needles market?
- What are the opportunities for the Needles Market?
- What factors are driving the Needles market growth?
- Which company held the largest share in the Needles market?
Key Offerings:
- A detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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