Needles Market Projected to Double by 2035 as Chronic Diseases Surge | Major Companies are Ethicon, Medtronic Plc, B.Braun.

Needles Market is expected to grow at a CAGR 12% during the forecast period (2024-2031).

Needles Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Needles Market includes medical needles used for diagnostic, therapeutic, surgical, and injection applications, such as syringe needles, pen needles, Huber (implantable port) needles, and safety-engineered variants. It serves hospitals, clinics, diagnostic labs, and home healthcare.

☛ Industry News of USA and Japan:

✔ United States

✦ A state-level bill in Maine is under consideration to reinstate a one-to-one exchange limit on needles distributed through health programs serving intravenous drug users. The move aims to address the issue of improperly discarded used needles in public spaces.

✦ A continued syringe shortage in U.S. healthcare facilities is emerging after the FDA recall of certain Chinese-made syringes over quality concerns. Hospital supply chains remain strained, although increased domestic production may alleviate the issue by late 2025.

✔ Japan

✦ No major market-specific news for needles (e.g., pen or acupuncture needles) has surfaced in the past three months. However, market reports indicate robust long-term growth: the Japanese pen needle market continues to expand rapidly, with projections showing significant gains through 2030.

☛ Key Players:

Becton, Dickson and company (BD), Ethicon, Medtronic Plc, B.Braun, Stryker Corporation, Novo Nordisk A/s, Boston Scientific, Smith Medical, and Nipro Medical Corporation.

☛ Growth Forecast Projected:

The Global Needles Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

☛ Research Process:

Both primary and secondary data sources have been used in the global Needles Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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☛ Market Segmentation:

↬ By Product: Conventional needles, Bevel needles, Safety needles, Suture needles and Others.

↬ By End-User: Hospitals, Diagnostic Centers, Clinics and Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Needles market?

➠ Who are the leading manufacturers in the global Needles industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Needles industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Needles market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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