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Soaring Demand Set to Propel High Flow Needle Sets Market to $1.77 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the High Flow Needle Sets Market Through 2025?
There has been notable growth in the market size for high flow needle sets in the previous years. The market is expected to expand from a value of $1.16 billion in 2024 to $1.27 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this upward trend during the historic period include advancements in medical procedures, a surge in cases of chronic diseases, changes in population demographics, improvements in healthcare infrastructure, and adherence to regulations.
What's the Projected Size of the Global High Flow Needle Sets Market by 2029?
The market size of high flow needle sets is anticipated to witness robust expansion in the coming years. It is projected to swell to $1.77 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. The amplification during the forecast period is thanks to the modernization of medical procedures, its growing role in minimally invasive surgery, the focus on patient-centric healthcare, technological integration, and universal healthcare accessibility. Key trends during the forecast period encompass technological developments, increased adoption of minimally invasive procedures, a trend towards home healthcare, focus on infection prevention, and synergy with digital health solutions.
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Top Growth Drivers in the High Flow Needle Sets Industry: What's Accelerating the Market?
Acceleration in the number of surgical procedures is anticipated to fuel the expansion of the high-flow needle set market. Surgical procedures, which are medical interventions involving manual and instrumental techniques performed by surgeons for diagnosing, treating, or mending tissues or organs, frequently aim to enhance patient health or physical function. The escalating number of such procedures can be ascribed to factors like a growing aging population, advancements in medical technology, a higher prevalence of chronic conditions, improved healthcare accessibility, and a wider availability of minimally invasive surgical techniques. High-flow needle sets play a crucial role in surgical procedures as they enable rapid delivery of fluids, medications, or blood products immediately into the bloodstream, ensuring efficient patient management during surgery. For instance, a report from the Aesthetic Society, a US-based organization of board-certified plastic surgeons, revealed that there was a 54% surge in surgical procedures in April 2022. With an average of 320 surgical procedures undertaken by plastic surgeons in 2021, the escalating number of surgical procedures thus underscores the expansion of the high-flow needle set market.
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What Are the Key Trends Driving High Flow Needle Sets Market Growth?
Leading firms in the high flow needle sets market are advancing their technology by creating portable syringe infusion systems, designed to bolster patient mobility and simplify usage. These portable systems administer fluids or medications in a regulated way over a prolonged period. For instance, Innovative Health Sciences, a UK-based medtech company, announced in August 2024 that it was enlarging its commercialisation team, after receiving FDA clearance for its Insignis Syringe Infusion System. Designed for both intravenous and subcutaneous usage, this portable, non-electric syringe driver offers an easy-to-use solution that empowers patients to effectively control their infusion rates. The Insignis system includes a selectable rate flow control device that greatly improves patient comfort by overcoming commonplace issues related to infusion therapy, such as discomfort at injection sites.
What Are the Main Segments in the High Flow Needle Sets Market?
The high flow needle sets market covered in this report is segmented -
1) By Product Type: 26 Gauge High Flow Needle Sets, 24 Gauge High Flow Needle Sets
2) By Volume Or Capacity: High Flow Needle Sets Less-than () 100ml
3) By Material: Stainless Steel High Flow Needle Sets, Polycarbonate High Flow Needle Sets
4) By End Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Users
Subsegments:
1) By 26 Gauge High Flow Needle Sets: Single Use 26 Gauge High Flow Needle Sets, Reusable 26 Gauge High Flow Needle Sets
2) By 24 Gauge High Flow Needle Sets: Single Use 24 Gauge High Flow Needle Sets, Reusable 24 Gauge High Flow Needle Sets
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Which Top Companies are Driving Growth in the High Flow Needle Sets Market?
Major companies operating in the high flow needle sets market are Cardinal Health Inc., Thermo Fisher Scientific Inc., Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company, Baxter International Inc., Medline Industries Inc., Terumo Corporation, Nipro Corporation, Smiths Group plc., Teleflex Incorporated, B. Braun Medical Inc., ICU Medical Inc., Concordance Healthcare Solutions, Retractable Technologies Inc., Recorders & Medicare Systems P Ltd., Right Way Medical., KORU Medical Systems, TradeMed, Alpha Medicare & Devices Pvt. Ltd., AmDel, George Philips Medical Engineering Pvt. Ltd., Mediwide Sdn Bhd, Norfolk Medical, RMS Medical Products, Wolf-Pak
Which Regions Will Dominate the High Flow Needle Sets Market Through 2029?
North America was the largest region in the high flow needle sets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high flow needle sets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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