Impact of COVID-19 on Needles Market to See Huge Growth by 2027 | Becton, Dickinson and Company, Medtronic plc, Hamilton Company, Stryker Corporation

Needles are used for injecting medications or for drawing blood from the body. It has three parts, which includes a long shaft, slanted tip called bevel, and hub which fits in the tip of the syringe. Different types of needles are routinely used in clinical practice for variety of applications such as administering medicine within various layers of skin, anesthetic procedure, and different surgical procedures. Needles are available in different types and different materials depending upon the need of the clinician. Conventional needles are used for general purpose medicine administration, fill and filter needles are used for vaccination and other sterile products, safety needles are used for blood collection and medicine administration in cases in which chances of contamination from infectious disease high. It also depends on its application area, for instance pen needles are used by diabetes patients for injecting daily dose of insulin, blood collection needle are used for diagnostic purposes, and suture needles are used for surgical purposes.

The needles market was valued at US$ 5.75 billion in 2017 and is expected to witness a robust CAGR of 7.6% over the forecast period (2017–2025).

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The key players profiled in this report include: 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.

Detailed Segmentation:

By Needles Type:Conventional NeedlesSafety NeedlesGlobal Needles Market, By Delivery Site:IntradermalSubcutaneousIntravenousIntramuscularIntraperitonealGlobal Needles Market, By Application:Pen Needles in DiabetesBlood Collection NeedlesSurgical Suture NeedlesOphthalmic Procedure NeedlesDentistry NeedlesInsufflation NeedlesOther Applications

Regions included:

o North America (United States, Canada, and Mexico)

o Europe (Germany, France, UK, Russia, and Italy)

o Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

o South America (Brazil, Argentina, Colombia)

o Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

 Key Benefits:

o This study gives a detailed analysis of drivers and factors limiting the market expansion of Needles

o The micro-level analysis is conducted based on its product types, end-user applications, and geographies

o Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players

o By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Needles market

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The research study can answer the following Key questions:

What will be the progress rate of the Needles Market for the conjecture period, 2020 - 2027?
What are the prominent factors driving the Needles Market across different regions?
Who are the major vendors dominating the Needles industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Needles Market?

Table of Contents

-- Report Overview: It includes the Needles market study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

-- Executive Summary: This section of the report gives information about Needles market trends and shares, market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.

-- Profiles of International Players: Here, key players of the Needles market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.

-- Regional Study: All of the regions and countries analyzed in the Needles market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

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