Impact Of Ambulatory Surgical Centers On Needle Market Growth: Strategic Insights Driving Needle Market Momentum in 2025

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How Large Will the Needle Market Size By 2025?
In recent times, there has been substantial growth in the needle market size. This market is predicted to expand from $8.21 billion in 2024 to $8.89 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.3%. The growth experienced during the historic period can be linked to the rise in chronic disease cases, vaccination initiatives, surgical processes, and government guidelines.

How Big Is the Needle Market Size Expected to Grow by 2029?
The needle market is predicted to witness robust expansion in the forthcoming years, with its value set to increase to $12.09 billion in 2029, marking a compound annual growth rate (CAGR) of 8.0%. This growth in the prediction period can be credited to various factors such as the surge in chronic illnesses, increased vaccination drives, rising demand for self-administration apparatus, government policies promoting healthcare accessibility and escalating healthcare spending. Technological advancement, incorporation of safety aspects, the creation of biodegradable needles, and the development of intelligent needles, along with customization, personalization, and telehealth services, constitute the key trends anticipated in the forecast period.

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Which Key Market Drivers Powering Needle Market Expansion and Growth?
The needle market's expansion is predicted to be stimulated by the increasing number of ambulatory surgical centers. Ambulatory surgical centers (ASCs) are specialized healthcare institutions that concentrate on offering outpatient surgical operations, removing the necessity for patients to stay in the hospital overnight. Thanks to technological advancements, the demand for outpatient procedures, and the allure of specialized care, these centers are proliferating globally. In an ambulatory surgical center, needles are essential; they facilitate actions like injections, suturing, and tissue sampling, in addition to delivering drugs, withdrawing blood, and enabling accurate wound closure. For example, a report by Olympus America Inc., a US medical tech firm, noted that the number of ASCs rose from 6,109 facilities the prior year to 6,223 in 2023, anticipating growth of 12% over the following five years, demonstrating that the increased number of ambulatory surgical centers is fueling the needle market's development.

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Which Fast-Growing Trends Are Poised to Disrupt the Needle Market?
Leading firms in the needle market are concentrating on creating innovative solutions, like state-of-the-art conventional transbronchial needles, that are set to revolutionize minimally invasive diagnostic methods. These modern conventional transbronchial needles are high-end medical tools utilized in bronchoscopy procedures to collect tissue samples from the lungs or nearby structures. For example, in September 2023, Broncus Medical Inc., an American medical device producer, launched the BIOSTAR, an advanced conventional transbronchial needle aspiration (cTBNA) and endobronchial ultrasound (EBUS) TBNA (EBUS-TBNA) needles that are changing the face of minimally invasive diagnostic approaches. These newly designed needles offer greater diagnostic accuracy, sample adequacy, and sensitivity in contrast to traditional methods, especially in diagnosing lung cancer staging and sarcoidosis. The available needle sizes are 25G, 22G, 21G, and 19G, with the size affecting the quantity of the sample, blood aspiration, quality of the sample, and diagnostic yield. The needles from BIOSTAR signify a considerable development in minimally invasive diagnostic procedures, improving patient care and diagnostic results.

What Are the Emerging Segments in the Needle Market?
The needle market covered in this report is segmented -

1) By Type: Conventional Needles, Safety Needles
2) By Material: Stainless Steel Needles, Plastic Needles, Glass Needles, Peek Needles
3) By Application: Surgical Suture Needles, Pen Needles In Diabetes, Blood Collection Needles, Ophthalmic Procedure Needles, Dentistry Needles, Insufflation Needles, Other Needles
4) By End User: Hospital, Clinics, Diagnostic Centers, Research Institutions, Home-Based Care, Other End Users

Subsegments:
1) By Conventional Needles: Hypodermic Needles, Intravenous (Iv) Needles, Insulin Needles, Blood Collection Needles
2) By Safety Needles: Safety Hypodermic Needles, Safety Insulin Needles, Safety Blood Collection Needles, Auto-Disable Safety Needles

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Who Are the Global Leaders in the Needle Market?
Major companies operating in the needle market are Johnson & Johnson, Siemens AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic PLC, Novo Nordisk AS, Merck KGaA, Becton inson (BD), Stryker Corporation, Boston Scientific Corporation, Terumo Corporation, Ethicon US LLC, Illumina Inc., PerkinElmer Inc., Shimadzu Corporation, Smiths Medical, B. Braun AG, Bio-Rad Laboratories Inc., Cook Medical, QIAGEN N.V., Abcam PLC, Promega Corporation, Luminex Corporation, NIPRO Medical, Biotronik SE & Co. KG

Which are the Top Profitable Regional Markets for the Needle Industry?
North America was the largest region in the needle market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the needle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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