Uploaded on Nov 21, 2022
The global Needles Market is expected to reach USD 10.6 billion by 2027 from USD 7.7 billion in 2022, at a CAGR of 6.7% during the forecast period.
Needles Market worth $10.6 billion by 2027
Needle Market
Global Forecast to 2027
Needle Market is expected to
reach
$10.6 Billion by 2027
Growing at a
CAGR of 6.7% (2022 – 2027)
The global Needles Market is expected to reach USD 10.6 billion
by 2027 from USD 7.7 billion in 2022, at a CAGR of 6.7% during
the forecast period.
Pen Needles in product segment to witness the highest growth rate during the
forecast period.”
Based on the Product, the Needle Market is classified into Suture Needles, Blood
Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles., By Pen
Needles - Standard Needles, Safety Needles., By Biopsy and Aspiration Needles -
Biopsy Needles, Core Biopsy Needles, Vaccum Assisted Needles Aspiration Needles,
and Other Needles. The pen needles,segment is expected to dominate because of
growing prevalence of diabetes as well as its wide range of availability in a of lengths
and diameters moreover its used by doctors as well as patients to deliver injectable
medications.
US dominates the North American Needles Market.
Based on the North America region, the Needles Market is divided into
US and Canada. US is expected to dominate the Needles Market.
Growing initiatives by different organizations for the reduction of blood-
borne infections, and increasing prevalence of cardiovascular diseases.,
are the key factor driving market growth in the US.
Major players in the Needles Market
Becton, Dickinson, and Company (US), Medtronic (Ireland), B. Braun
Melsungen AG (Germany), Boston Scientific Corporation (US), and Stryker
Corporation (US).
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