Needles Market Business Revenue 2018-2026 Growth By Leading Players: Becton, Dickinson and Company, Medtronic plc, Hamilton Company, Stryker Corporation, Terumo Corporation, B. Braun Melsungen AG,.

The needles market is expected to witness significant growth, owing to high prevalence of chronic diseases and high unmet need for palliative care, unmet surgical needs, and increasing vaccination drives. Companies are focusing on product diversification based on the needs of the patients and healthcare providers thereby, fuelling growth of the needles market.Increasing demand for palliative care and unmet surgical needs are major factors expected to aid in growth of the market.

For instance, according to World Health Organization (WHO), 2017, around 40 million people are in need of palliative care worldwide, 78% of these live in low- and middle-income countries. Patients suffering from cardiovascular diseases (38.5%), cancer (34%), chronic respiratory diseases (10.3%), AIDS (5.7%) and diabetes (4.6%), kidney failure, and chronic liver diseases require palliative care. Major factor driving growth of the needles market is increasing demand for vaccines, globally to prevent various diseases such as measles, rubella and hepatitis B.

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Major factor driving growth of the needles market is increasing demand for vaccines, globally to prevent various diseases such as measles, rubella and hepatitis B. According to World Health Organization (WHO) 2018, globally around 86% of infants are vaccinated against 26 diseases, however, 19.5 million children unvaccinated leading to death of 2-3 million children each year.

Human papilloma virus causes cervical cancer and around 280,000 women died from cervical cancer in 2015 globally, which led to introduction of vaccine to prevent cervical cancer, in turn positively affecting needles market. Introduction of stringent guidelines for safe injection practices is expected to aid in growth of the needles market.

For instance, WHO issued safe injection practices and guidelines in 2010, for its member country. Also, Association of Professionals in Infection Control and Epidemiology in the U.S. issued updated guidelines in 2016 to prevent spread of infectious disease through unsafe injection practices.

Key players are focusing on introducing new and innovative products to fulfill the needs of various end users. For instance Becton, Dickinson and Company introduced the BD Ultra-Fine micro pen needle in 2017, for use with different pen injection devices. People with diabetes are less likely to accidentally inject their insulin dose into a muscle with this product, and it provides one of shortest length pen needle, therefore, patients experience minimum pain. In 2016, Nipro Medical Corporation launched safetouch safety needle, which is known to protect the patients from needle stick injuries.

Some of the key players operating in the global needles market are Becton, Dickinson and Company, Medtronic plc, Hamilton Company, Stryker Corporation, Terumo Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, Nipro Medical Corporation, Novo Nordisk A/s, Thermo Fisher Scientific, and Smiths Medical.

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Detailed Segmentation: Global Needles Market, By Needles Type: Conventional Needles, Safety Needles,. Global Needles Market, By Delivery Site: Intradermal, Subcutaneous, Intravenous, Intramuscular, Intraperitoneal, Global Needles Market, By Application: Pen Needles in Diabetes, Blood Collection Needles, Surgical Suture Needles, Ophthalmic Procedure Needles, Dentistry Needles, Insufflation Needles, Other Applications, Global Needles Market, By Material: Stainless Steel Needles, Plastic Needles, Glass Needles, PEEK(Polyether Ether Ketone) Needles, Global Needles Market, By End User: Hospitals, Clinics, Diagnostic Centers, Research Institutions, Home based care, Others,.

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