Healthcare

According to a market report by Lucintel, the future of the needle market looks promising with opportunities in the pen, suture, and blood collection, dental, and ophthalmic segments. The global needle market is expected to reach an estimated $9.4 billion by 2028 with a CAGR of 7% from 2023 to 2028.The major drivers for this market are increasing hospitals and surgical centers in emerging countries and growing demand for vaccines globally.

In this market, conventional and safety needles are the two major segments of needle market by type. Lucintel forecast that safety needles will remain the largest segment over the forecast period due to reduced risk of needle stick injuries along with lower probability of infection.



Within this market, pen needle segment is projected to record the highest growth due to increasing prevalence of diabetes.



APAC will remain the largest region due to the increasing cases of chronic diseases in the region and rising government initiatives in promoting awareness.

Medtronic, Becton, B. Braun Melsungen, Stryker Corporation, Ethicon, Boston Scientific Corporation, Terumo Corporation, Olympus Corporation, Merit Medical, and Greiner Holding are the major suppliers in the global needle market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global needle market by type, product, raw material, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Needle Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global needle market by type, product, raw material, and region, as follows:

This more than 150-page 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 email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the 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)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?