Butterfly Needles Market Size 2024 to 2031.

Market Overview and Report Coverage

A butterfly needle, also known as a winged infusion set or scalp vein set, is a medical device commonly used for drawing blood or administering medications. It is designed with two flexible wings that help to stabilize the needle during procedures.
The Butterfly Needles Market is expected to grow at a CAGR of 9.60% during the forecasted period. This growth can be attributed to the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and technological advancements in healthcare equipment.
As healthcare facilities continue to focus on patient comfort and safety, the demand for butterfly needles is expected to increase. The ease of use and reduced risk of complications associated with these needles make them a preferred choice for both patients and healthcare providers.
Additionally, the growing geriatric population worldwide is likely to drive the demand for butterfly needles, as older adults often require frequent blood tests and medication administration.
Overall, the future outlook for the Butterfly Needles Market appears promising, with continued growth expected in the coming years due to the aforementioned factors.

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Market Segmentation
The Butterfly Needles Market Analysis by types is segmented into:
• 18 to 20-gauge
• 21 to 24-gauge
• 25 to 27-gauge

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Butterfly needles are available in various gauges to cater to different medical needs. The 18 to 20-gauge needles are larger and used for procedures requiring a higher flow rate, such as blood transfusions. The 21 to 24-gauge needles are smaller and commonly used for routine blood draws and medication administration. The 25 to 27-gauge needles are the smallest and ideal for delicate veins or pediatric patients. Each gauge size offers specific advantages depending on the clinical situation.

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The Butterfly Needles Market Industry Research by Application is segmented into:
• Hospitals
• Clinics

Butterfly needles are commonly used in hospitals and clinics for blood collection, IV therapy, and medication administration. These needles are particularly popular in these settings due to their ease of use, reduced risk of vein damage, and improved patient comfort. Hospitals and clinics rely on butterfly needles to provide efficient and safe healthcare services to their patients. The market for butterfly needles in these settings continues to grow as healthcare facilities prioritize patient safety and comfort.

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In terms of Region, the Butterfly Needles Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Butterfly Needles market?
Some emerging trends in the global butterfly needles market include increased use of safety mechanisms to prevent needlestick injuries, growing demand for pediatric butterfly needles, rising adoption of butterfly needles in ambulatory care settings, and advancements in needle technology to improve patient comfort and safety. Additionally, there is a growing focus on reducing healthcare costs through the use of cost-effective butterfly needles and a shift towards eco-friendly and sustainable needle materials. Furthermore, with the increasing prevalence of chronic diseases and the expanding geriatric population, the demand for butterfly needles is expected to continue to rise in the coming years.

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Major Market Players
B. Braun is a well-known manufacturer in the healthcare industry, specializing in medical devices and pharmaceutical products. The company has a long history dating back to 1839, and has established a strong foothold in the global healthcare market. With a focus on innovation and quality, B. Braun has experienced significant growth in recent years.
Medline is another key player in the butterfly needles market, offering a wide range of medical products and solutions. The company has a proven track record of providing high-quality products to healthcare providers worldwide. Medline has seen steady growth over the years, expanding its market presence and catering to a diverse customer base.
AdvaCare Pharma is a leading healthcare company that specializes in the development and distribution of pharmaceuticals, medical devices, and healthcare solutions. The company has a strong presence in the butterfly needles market, offering a range of products to meet the needs of healthcare professionals. AdvaCare Pharma has experienced rapid growth in recent years, thanks to its focus on quality and innovation.
In terms of sales revenue, B. Braun reported a total revenue of $6.1 billion in 2020, highlighting its strong market position and financial performance. Similarly, Medline reported a revenue of $17.5 billion in 2020, indicating its significant market presence and revenue growth. AdvaCare Pharma, on the other hand, reported a revenue of $1.2 billion in 2020, reflecting its steady growth and market success in the healthcare industry. These companies are key players in the competitive butterfly needles market, showcasing their leadership and innovation in the industry.

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