Needle Market Manufacturers, Suppliers, Vendors Sales, Revenue, Share 2024 to 2030

The Needle Market size was valued at USD 8.21 Billion in 2023 and the total Needle Revenue is expected to grow at a CAGR of 6.9% from 2024 to 2030, reaching nearly USD 12.3 Billion by 2030.

Needle Market Overview

The ageing population, the rise in chronic disease incidence, and the development of healthcare infrastructure in emerging nations have all contributed to the steady growth of the global needles market. A variety of needle types, including standard needles for normal injections and safety needles made to prevent needlestick accidents, are included in the market scope. These needles are used in a number of medical operations, such as blood collection, medicine delivery, and cosmetic surgeries.

The increased need for safety needles, especially in areas with strict laws protecting healthcare workers from needlestick injuries, is a significant development in the needles industry. An further trend that is being pushed by the desire for better patient-friendly drug delivery systems is the growing uptake of needle-free technologies. In addition, businesses are creating recyclable and environmentally friendly needle goods as a result of a growing emphasis on sustainability in the needle manufacturing industry.

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Needle Market Dynamics

"Increasing prevalence of chronic diseases and rising geriatric population driving the needles market"

The market for needles has grown significantly as a result of numerous important factors. The rise in sales volume, which is a result of the world's ageing population, is one of the main reasons. Chronic diseases are more common as people get older, which raises the requirement for drugs that frequently need to be delivered by needles. The trend towards drug self-administration, which is motivated by affordability and convenience, is also increasing demand for needles. Additionally, the market is seeing higher profit margins, primarily because of regulatory rules that are supportive of innovative injectables. Safety needles are one of the cutting-edge needle technologies that regulatory authorities are increasingly approving.

Furthermore, the development of strategic alliances amongst businesses is essential to the expansion of the market. Through these partnerships, businesses may pool their resources and knowledge to create cutting-edge goods and broaden their consumer base. Companies offer new and improved needle goods by utilising each other's skills, satisfying the changing demands of patients and healthcare practitioners.

Needle Market Segmentation

by Needle Type

Conventional
Safety

In 2023, the conventional needles segment had the biggest market share based on Needle Type. This is mostly because standard needles have been used in medical procedures for a very long time and are well-known worldwide. Conventional needles are common among healthcare practitioners because they are seen to be dependable and affordable. The shift to safety needles is happening gradually, even though they are becoming more popular due to increased worries about needlestick injuries. Conventional needles remain the norm due to a number of factors, including the perception that safety needles are more expensive and the requirement for training on how to use them properly. Additionally, traditional needles continue to be the recommended option in areas with inadequate healthcare services or infrastructure.

by Product

Pen
Suture
Blood Collection
Others

by Delivery Site

Hypodermic
Intravenous
Intramuscular
Others

by End-User

Hospitals
Clinics
Diagnostic Centers
Research Institutions
Home-based care
Others

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Needle Market Key Players

North America:
1. Becton Dickinson & Company (United States)
2. Medtronic plc (United States)
3. Hamilton Company (United States)
4. Stryker Corporation (United States)
5. Boston Scientific Corporation (United States)
6. Smith's Medical (United States)
7. BD (United States)
8. Retractable Technologies, Inc. (United States)
9. CONMED Corporation (United States)
10. Johnson & Johnson Services, Inc. (United States)
11. Olympus Corporation (United States)
12. vita needle company (United States)

Europe:
1. B. Braun Melsungen AG (Germany)
2. Terumo Corporation (Japan)
3. Novo Nordisk A/S (Denmark)
4. YPSOMED (Switzerland)
5. Hilgenberg GmbH (Germany)
6. HTL-STREFA S.A. (Poland)
7. ulti med Products (Deutschland) GmbH (Germany)
8. Artsana S.p.A. (Italy)
9. Owen Mumford (United Kingdom)
10. Abbott (United States)

Asia Pacific:
1. Novo Nordisk A/S (Denmark)
2. B. Braun Melsungen AG (Germany)
3. Olympus Corporation (Japan)
4. Terumo Corporation (Japan)
5. Nipro Medical Corporation (Japan)
6. Hindustan Syringes & Medical Devices Limited
8. Nipro Medical Corporation (India)
9. Medline Industries, Inc (India)

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Table of content for the Needle Market includes:

Part 01: Executive Summary

Part 02: Scope of the Needle Market Report

Part 03: Global Needle Market Landscape

Part 04: Global Needle Market Sizing

Part 05: Global Needle Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global needle market has been controlled by North America due to a strong supply chain and active import-export trade. Strong legislative frameworks encouraging the use of cutting-edge medical technologies, a high prevalence of chronic diseases, and an advanced healthcare infrastructure are some of the factors contributing to the region's dominance. The robust import-export network in North America makes it easier for needles and associated goods to move across international borders. The region's advantageous geographic location and wide-ranging trade ties serve to reinforce its standing as a major participant in the global needle industry.

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