Filter Needles Market 2024 - By Size, Share, Forecast And Trends Analysis Report 2033

The new report published by The Business Research Company, titled ""Filter Needles Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the filter needles market size has grown strongly in recent years. It will grow from $1.46 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The filter needles market size is expected to see strong growth in the next few years. It will grow to $2.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.

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Rise In Surgical Processes Driving Growth In The Filter Needle Market
A rise in surgical processes is expected to propel the growth of the filter needle market going forward. Surgical processes refer to medical procedures performed by surgeons or medical professionals to treat diseases, injuries, or deformities through operative interventions. The increase in surgical procedures is due to advancements in medical technology, expanded access to healthcare services, and the growing prevalence of chronic diseases requiring surgical intervention for treatment. Filter needles are used in surgical procedures to ensure the purity and sterility of medication solutions, protecting patient safety and reducing the risk of contamination or infection during surgeries. For instance, in March 2023, according to the British Association of Aesthetic Plastic Surgeons, a UK-based organization responsible for safety and education in cosmetic surgery, cosmetic surgical procedures performed in 2022 was 31,057 in the UK, marking a 102% increase from the previous year. Therefore, a rise in surgical processes is driving the growth of the filter needle market.

Innovative Solutions In Filter Needle Market
Major companies operating in the filter needle market are focusing on developing innovative products, such as all-in-one design filter needles, to gain a competitive edge in the market. All-in-one design filter needles eliminate the need for healthcare providers to switch needles after filtering the medication, simplifying the medication preparation process. For instance, in May 2024, CarrTech Corp., a US-based medical device company, developed the FROG (Filter Removal of Glass) device, a patented medical tool designed to streamline the process of withdrawing medications from glass ampoules. FROG is an all-in-one filter needle that allows technicians and providers to extract medication from ampoules without switching needles, reducing the risk of needle sticks, contamination, and patient harm.

The filter needles market covered in this report is segmented -

1) By Type: Membrane Filter Needles, Depth Filter Needles, Other Types
2) By Raw Material: Stainless Steel, Glass, Other Raw Materials
3) By Application: Drug Preparation, Laboratory Procedures, Other Applications
4) By End Use: Hospitals, Clinics, Ambulatory Surgery Centers, Other End Uses

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Major companies operating in the filter needles market are Cardinal Health, Thermo Fisher Scientific Inc., Novo Nordisk A/S, Asahi Kasei Corporation, Becton, Dickinson And Company, Baxter International Inc., Terumo Corporation, VWR International LLC, Nipro Medical Corporation, Smiths Group, B. Braun Medical Inc., Gerresheimer AG, Hamilton Company, Avanos Medical Inc., Vygon SA, Argon Medical Devices, Filtertek Inc., Apellis Pharmaceuticals Inc., Micronclean Ltd, SOL-MILLENNIUM MEDICAL INC., GBUK Group Ltd, DiaMedical USA, Changzhou SUNTON Medical Technology Co.Ltd, Shanghai Mekon Medical Devices Co. Ltd., Bionic Medizintechnik GmbH

Contents of the report:
1. Executive Summary
2. Filter Needles Market Report Structure
3. Filter Needles Market Trends And Strategies
4. Filter Needles Market - Macro Economic Scenario
5. Filter Needles Market Size And Growth
…..
27. Filter Needles Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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