Needles Market Outlook to 2024 - Novo Nordisk A/S, Ypsomed, Owen Mumford Ltd., HTL-STREFA S.A., B. Braun Melsungen, Terumo Corporation, ulti med Products GmbH, Allison Medical, Inc., Artsana S.p.A., Thermo Fisher Scientific, Smiths Medical, Boston Scienti
Needles Market report provides an outlook for current market value as well as the expected growth of Needles during 2018-2025. The whole supply chain of Needles has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Needles, together with the recent developments have been given here to provide an exhaustive picture of this market.The Global Needles Market was thriving with USD 5.3 billion and is expected to grow at a CAGR of 8.10% during the forecast period of 2018 to 2024.
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Some of the major players operating in the global medical device reprocessing market are Becton, Dickinson and Company, Novo Nordisk A/S, Ypsomed, Owen Mumford Ltd., HTL-STREFA S.A., B. Braun Melsungen, Terumo Corporation, ulti med Products GmbH, Allison Medical, Inc., Artsana S.p.A., Thermo Fisher Scientific, Smiths Medical, Boston Scientific Corporation, Hamilton Company, Abbott, CONMED Corporation, Johnson & Johnson Inc., Medtronic, Retractable Technologies, Inc., Revolutions Medical Corporation, Smith & Nephew, and UNILIFE CORPORATION, among others.
The global needles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of needles market for global, Europe, North America, Asia Pacific, and South America.
Market Segmentation:
· The global needles market is segmented based on type, product type, material, delivery mode, end user, distribution channel, and geography.
· Based on type, the global-needles market is segmented into conventional and safety needles. Conventional needle is further segmented into bevel and vented.
· On the basis of product type, the global-needles market is classified into suture, blood collection, and insufflation.
· On the basis of material, the global needles market is classified into stainless steel and plastic.
· On the basis of delivery mode, the global-needles market is classified into IV, IM, and hypodermic.
· On the basis of end user, the global needles market is segmented into hospitals and diagnostic centers.
· On the basis of distribution channel, the global needles market is segmented into direct tenders and retail.
· Based on geography, the global-needles market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Major Market Drivers and Restraints:
· Increasing number of blood donations
· Rising number of geriatric population
· Increasing number of chronic diseases
· Lack of skilled physicians
· High cost associated with endosurgical procedures
· Needle anxiety
Reasons to Purchase this Report
· Current and future of global Needles market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
· Regions/countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
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