Press release
Needles Market Size, Share, Growth and Trends, Forecast 2024-2031
The Needles Market is expected to grow at a CAGR 12% during the forecast period (2024-2031).The needles market encompasses the sector involved in the production, distribution, and use of needles for various medical, industrial, and consumer applications. Medical needles are used for administering injections, drawing blood, and performing various medical procedures. They are crucial in healthcare settings, including hospitals, clinics, and home care environments.
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Market Dynamics:
Increased Adoption of IV Fluids and Injectable Drugs:
The shift towards intravenous fluid administration over oral drug delivery is a key driver. This change is attributed to the rapid onset of action and controlled delivery that IV fluids provide, particularly in acute care settings. Additionally, the rising demand for injectable drugs, driven by their efficacy in delivering medications directly into the bloodstream, is further fueling market growth.
Segment Covered in the Needles Market:
By Product: Conventional needles, Bevel needles, Safety needles, Suture needles and Others.
By End-User: Hospitals, Diagnostic Centers, Clinics and Others.
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Key players involved in Needles Market:
• Becton, Dickinson and Company
• Ethicon
• Medtronic Plc
• Hamilton Company
• B.Braun
• Stryker Corporation
• Novo Nordisk A/s
• Boston Scientific
• Smith Medical
• Nipro Medical Corporation
Related Reports:
Medical Nonwoven Disposables Market: https://www.datamintelligence.com/research-report/medical-nonwoven-disposables-market
Disposable Syringes Market: https://www.datamintelligence.com/research-report/disposable-syringes-market
Surgical Caps Market: https://www.datamintelligence.com/research-report/surgical-caps-market
Regional Analysis:
The Needles Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Needles Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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