According to the recent study the needle market is projected to reach an estimated $9.4 billion by 2028 from $6.7 billion in 2023, at a CAGR of 7% from 2023 to 2028. Growth in this market is primarily driven by increasing hospitals and surgical centers in emerging countries and growing demand for vaccines globally.
A more than 150–page
report is developed to understand trends, opportunities and forecast in needle
market by type (conventional and safety needles), product (pen, suture, blood
collection, dental, and ophthalmic), raw material (stainless steel and glass),
and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link
https://www.lucintel.com/needle-market.aspx
“Safety needles market is expected to
remain the largest segment during the forecast period.”
Based on type, the
needle market is segmented into conventional and safety needles. Lucintel
forecasts that the safety needles market is expected to remain the largest
segment due to reduced risk of needle stick injuries along with lower
probability of infection.
“Within the needle market, the pen needle segment is expected to
remain the largest product.”
Based on product the pen
needle segment is expected to witness the highest growth over the forecast
period due to increasing prevalence of diabetes.
“Asia pacific will dominate the needle market in near future.”
APAC will remain the
largest region due to the increasing cases of chronic diseases in the region
and rising government initiatives in promoting awareness.
Download Brochure of this report by clicking on https://www.lucintel.com/needle-market.aspx.
Major players of needle
market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Medtronic, Becton, B.
Braun Melsungen, Stryker Corporationl, Ethicon, Boston Scientific Corporation,
Terumo Corporation, Olympus Corporation, Merit Medical, and Greiner Holding are
among the major needle providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/needle-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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