Needles Market By Type (Conventional Needles, Bevel Needles), Product (Suture Needles, Ophthalmic Needles), Delivery Mode (Hypodermic Needles, Intravenous Needles), Material (Stainless Steel Needles, Glass Needles), End User (Hospitals & Clinics, Diagnostic Centers), & Region for 2024-2031
Report ID: 19314|No. of Pages: 202
Needles Market By Type (Conventional Needles, Bevel Needles), Product (Suture Needles, Ophthalmic Needles), Delivery Mode (Hypodermic Needles, Intravenous Needles), Material (Stainless Steel Needles, Glass Needles), End User (Hospitals & Clinics, Diagnostic Centers), & Region for 2024-2031
Needles Market Valuation – 2024-2031
The steady increase in demand for needles, the global population is aging, resulting in an increase in chronic conditions such as diabetes, heart disease, and arthritis, all of which require monthly medicine injections. Advances in medical technology have resulted in the creation of novel treatments that require needles, such as gene therapy and immunotherapy. The market size surpass USD 8.43 Billion valued in 2024 to reach a valuation of around USD 15.6 Billion by 2031.
The growing prevalence of autoimmune diseases, which are treated with injectable drugs, is driving up the demand for needles. The COVID-19 pandemic has underlined the significance of needle-based vaccination campaigns. The rising demand for cost-effective and efficient needles is enabling the market grow at a CAGR of 8% from 2024 to 2031.
Needles Market: Definition/ Overview
Needles are slender, pointed devices composed of metal that are largely employed in medical operations and applications. They are designed to penetrate tissue and allow chemicals to enter or exit the body. Medical needles are used for various purposes, including injections, blood samples, and sutures. They come in a variety of sizes and varieties, including hypodermic needles, which are used to inject drugs, and suture needles, which help heal wounds. Needles are necessary for medical interventions such as vaccines, intravenous therapies, and biopsy procedures.
Healthcare technology is developing, and needles are evolving as well. With the rising frequency of chronic diseases and an aging population, the demand for minimally invasive procedures involving needles is likely to increase. Innovations in this industry include needle-free injection technologies and better safety systems, such as retractable needles to prevent needle-stick accidents. The development of smart needles with sensors inside for more precise medication delivery and diagnostic applications is expected to broaden the usage of needles in advanced medical treatments.
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Will the Rising Prevalence of Diabetes Drive the Needles Market?
The increasing prevalence of diabetes is propelling the needles market. With about 537 million adults living with diabetes globally, and that figure is expected to rise to 643 million by 2030, the demand for blood glucose monitoring and insulin administration devices is growing. According to the International Diabetes Federation, the high proportion of undiagnosed cases increases the demand for needles, which are required for successful disease management and treatment, notably insulin administration and glucose testing.
Increased vaccination programs are propelling the needles market. According to the CDC, about 670 million COVID-19 vaccine doses were delivered in the United States between 2020 and 2023, while UNICEF provides over 2 billion vaccine doses to around 100 countries annually. This spike in global vaccination efforts generates a significant and ongoing demand for needles and syringes, highlighting their vital role in immunization programs around the world.
Will the Increasing Competition Hamper the Growth of the Needles Market?
Increasing competition is likely to hinder the expansion of the needle market. As more competitors enter the market, price rivalry heats up, potentially eroding manufacturers’ profit margins. Additionally, new entrants with innovative technology, like as needle-free injection devices, may pose competition to existing needle makers. This rivalry may cause a shift in market dynamics, with innovation and cost-effectiveness becoming essential components in retaining market share, potentially reducing the growth of traditional needle products.
Stringent regulatory restrictions and quality standards can hinder needle market expansion. To guarantee that medical devices are safe, manufacturers must adhere to stringent safety and quality rules established by health authorities. These regulations can raise production costs and extend the time required for product approval, thereby delaying market access. The requirement for ongoing compliance with developing standards can create barriers for smaller firms, limiting innovation and impeding overall market growth.
Category-Wise Acumens
Is it likely that the Increasing Awareness of Accidental Needle Sticks will Favor Dominance of the Safety Needles Segment?
The safety needles segment is currently dominating the needles market. The safety needles segment of the needles market is growing due to increased awareness of unintentional needle sticks. With growing concerns about healthcare worker safety and the risk of infection from needle-stick injuries, there is a greater need for safety needles that decrease these risks. Regulations and standards promoting safer medical practices increase the use of these needles, driving growth in the safety needles market.
Advances in safety needle technology are driving the safety needles section of the needles market. Retractable needles and automatic needle shields are examples of innovations that help prevent needle-stick injuries, hence boosting healthcare worker safety. These technical advancements, together with increased regulatory backing for safer devices, are raising the adoption of safety needles, hence driving the growth of this market segment.
Will the Increasing Prevalence of Surgical Procedures Raise the Suture Needles Segment Needles Market?
The suture needle segment is currently ruling the needles market. The increasing prevalence of surgical procedures is driving the suture needles segment of the needles market. As the frequency of operations increases due to causes such as aging populations, chronic diseases, and injuries, so does the demand for suture needles used in wound closure and tissue repair. This increased need for surgical procedures directly contributes to the growth of the suture needles market.
Advances in surgical methods are propelling the suture needles section of the needles market. Innovative methods, such as minimally invasive operations and laparoscopic techniques, necessitate the use of specialized suture needles that are precisely and efficiently created. As surgeons increasingly use innovative ways to enhance patient outcomes and shorten recovery times, the demand for suture needles designed specifically for these techniques rises, contributing to the market segment’s growth.
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Country/Region-wise Acumens
Will the Advanced Healthcare Infrastructure Lead the North American Regions for the Needles Market?
The North American region currently dominates the needles market. Advanced healthcare infrastructure will boost the needles market in North America. The strong healthcare system, particularly in the US and Canada, contributes greatly to this expansion. According to the American Hospital Association (AHA) 2023 forecast, there are over 6,093 hospitals in the US, which handle more than 36 million admissions each year. The Centers for Medicare & Medicaid Services (CMS) predicts that US healthcare spending will reach USD 6.2 Trillion by 2028, representing a 5.4% annual growth rate between 2019 and 2028. Furthermore, with 92% of healthcare facilities using modern medical technologies by 2023, there is a growing demand for elaborate medical devices such as precision needles and innovative injection systems.
The established market for medical equipment will propel the needles market in North America. The U.S. medical device market, valued at USD 180 Billion in 2022 and expected to approach $230 billion by 2025, supports a large ecosystem of needle manufacturers and suppliers. The United States contributes over 40% of the global market, while Health Canada reported a 15% rise in medical device licenses granted between 2021 and 2023, further supporting market growth. With medical device exports, including needles, expected to reach USD 45 Billion by 2023 and over 6,500 medical device businesses promoting innovation, North America’s established infrastructure is a key driver of needle market expansion.
Will the Increasing Population and Rising Healthcare Spending Expand the Asian Pacific Region for the Needles Market?
The Asia-Pacific region is the fastest-growing segment in the needles market. The needles market in Asia Pacific will be driven by an expanding population and rising healthcare spending. With the population expected to reach 4.7 billion by 2025, accounting for almost 60% of the world total, there is an increasing demand for medical supplies. Furthermore, countries such as Japan and South Korea have raised healthcare expenditures by an average of 8.2% each year since 2020, while China’s healthcare spending reached CNY 7.26 trillion (about USD 1.1 trillion) in 2022 and is predicted to grow by 12.5% per year until 2025. Furthermore, India’s public health expenditure is projected to reach 3.0% of GDP by 2025. These factors, together with the Asia Pacific region, which has 60% of the world’s diabetes population, are considerably increasing demand for medical needles and related products.
Economic development and urbanization are key drivers of the needles market in Asia Pacific. With the Asian Development Bank expecting a 4.8% GDP growth in 2024 and urban populations estimated to reach 2.8 billion by 2025, healthcare spending in cities is significantly higher—2.3 times that of rural communities. This urban shift has resulted in higher use of modern medical technology, as indicated by a 15% increase in medical device utilization in Japan between 2020 and 2023, as well as a 23% increase in urban healthcare facilities in China over five years.
Competitive Landscape
The needles market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the needles market include:
- Hamilton Company
- Medtronic PLC
- Becton
- Dickinson and Company
- B Braun Melsungen AG
- Stryker Corporation
- Ethicon, Inc.
- Boston Scientific Corporation
- Unimed SA
- Novo Nordisk A/S
- Terumo Corporation
Latest Developments
- In April 2024, BD India introduced UltraTouch, a new blood collection technology that reduces patient discomfort. The BD Vacutainer with an UltraTouch Push Button uses the company’s RightGauge technology to collect blood with a smaller needle.
- In July 2024, Tyenne (tocilizumab-aazg) will be available in the United States via subcutaneous injection according to Fresenius Kabi. It is the first tocilizumab biosimilar approved by the FDA in both intravenous and subcutaneous formulations, and it is intended to treat chronic autoimmune illnesses.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~8% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Hamilton Company, Medtronic PLC, Becton, Dickinson and Company, B Braun Melsungen AG, Stryker Corporation, Ethicon, Inc., Boston Scientific Corporation, Unimed SA, Novo Nordisk A/S, Terumo Corporation |
| Customization | Report customization along with purchase available upon request |
Needles Market, By Category
Type:
- Conventional Needles
- Bevel Needles
- Blunt Fill Needles
- Safety Needles
- Active needles
Product:
- Suture Needles
- Blood Collection Needles
- Ophthalmic Needles
- Dental Needles
- Insufflation Needles
- Pen Needles
Delivery Mode:
- Hypodermic Needles
- Intravenous Needles
- Intramuscular Needles
Material:
- Stainless Steel Needles
- Glass Needles
End User:
- Hospitals & Clinics
- Diagnostic Centers
- Home Healthcare
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1. INTRODUCTION OF GLOBAL NEEDLES MARKET
1.1. Overview of the Market
1.2. Scope of Report
1.3. Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1. Data Mining
3.2. Validation
3.3. Primary Interviews
3.4. List of Data Sources
4. GLOBAL NEEDLES MARKET OUTLOOK
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. GLOBAL NEEDLES MARKET, BY TYPE
5.1. Overview
5.2. Conventional Needles
5.3. Bevel Needles
5.4. Blunt Fill Needles
5.5. Filter Needles
5.6. Vented Needles
5.7. Safety Needles
5.8. Active needles
5.9. Passive Needles
6. GLOBAL NEEDLES MARKET, BY PRODUCT
6.1. Overview
6.2. Suture Needles
6.3. Blood Collection Needles
6.4. Ophthalmic Needles
6.5. Dental Needles
6.6. Insufflation Needles
6.7. Pen Needles
6.8. Other
7. GLOBAL NEEDLES MARKET, BY DELIVERY MODE
7.1. Overview
7.2. Hypodermic Needles
7.3. Intravenous Needles
7.4. Intramuscular Needles
7.5. Intraperitoneal Needles
8. GLOBAL NEEDLES MARKET, BY MATERIAL
8.1. Overview
8.2. Stainless Steel Needles
8.3. Plastic Needles
8.4. Glass Needles
8.5. PEEK Needles
9. GLOBAL NEEDLES MARKET, BY APPLICATION
9.1. Overview
9.2. Hospitals & Clinics
9.3. Diagnostic Centres
9.4. Home Healthcare
9.5. Other
10. GLOBAL NEEDLES MARKET, BY GEOGRAPHY
10.1. Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. U.K.
10.3.3. France
10.3.4. Rest of Europe
10.4. Asia Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Rest of Asia Pacific
10.5. Rest of the World
10.5.1. Latin America
10.5.2. Middle East & Africa
11. GLOBAL NEEDLES MARKET COMPETITIVE LANDSCAPE
11.1. Overview
11.2. Company Market Ranking
11.3. Key Development Strategies
12. COMPANY PROFILES
12.1. Hamilton Company
12.1.1. Overview
12.1.2. Financial Performance
12.1.3. Product Outlook
12.1.4. Key Developments
12.2. Medtronic PLC
12.2.1. Overview
12.2.2. Financial Performance
12.2.3. Product Outlook
12.2.4. Key Developments
12.3. Becton
12.3.1. Overview
12.3.2. Financial Performance
12.3.3. Product Outlook
12.3.4. Key Developments
12.4. Dickinson and Company
12.4.1. Overview
12.4.2. Financial Performance
12.4.3. Product Outlook
12.4.4. Key Developments
12.5. B Braun Melsungen AG
12.5.1. Overview
12.5.2. Financial Performance
12.5.3. Product Outlook
12.5.4. Key Developments
12.6. Stryker Corporation
12.6.1. Overview
12.6.2. Financial Performance
12.6.3. Product Outlook
12.6.4. Key Developments
12.7. Ethicon, Inc.
12.7.1. Overview
12.7.2. Financial Performance
12.7.3. Product Outlook
12.7.4. Key Developments
12.8. Boston Scientific Corporation
12.8.1. Overview
12.8.2. Financial Performance
12.8.3. Product Outlook
12.8.4. Key Developments
12.9. Unimed SA
12.9.1. Overview
12.9.2. Financial Performance
12.9.3. Product Outlook
12.9.4. Key Developments
12.10. Novo Nordisk A/S
12.10.1. Overview
12.10.2. Financial Performance
12.10.3. Product Outlook
12.10.4. Key Developments
12.11. Terumo Corporation
12.11.1. Overview
12.11.2. Financial Performance
12.11.3. Product Outlook
12.11.4. Key Developments
13. Appendix
13.1. Related Research
Report Research Methodology
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
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Industry Analysis Matrix
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