Published by Coherent Market Insights
Posted on September 28, 2021
4 min readLast updated: February 1, 2026
The global needles market is set to grow significantly due to increased investments and demand for palliative care and surgeries, with a projected CAGR of 7.6% from 2017 to 2025.
Due to the high prevalence of chronic diseases and high unmet demand for palliative care, unmet surgical demand, and increased growth driven by vaccination, the global needles market is expected to experience significant growth. Companies are focused on diversifying products based on the needs of patients and healthcare providers to drive growth in the global needle market.
Increasing demand for palliative care and unmet surgical demand are the main factors expected to contribute to market growth. According to the World Health Organization (WHO), approximately 40 million people worldwide required palliative care in 2017, 78% of whom lived in low- and middle-income countries.
Request Sample Copy of Needles Report @
https://www.coherentmarketinsights.com/insight/request-sample/1331
The needles market was valued at US$ 5.75 billion in 2017 and is expected to witness a robust CAGR of 7.6% over the forecast period (2017–2025).
Cardiovascular diseases, cancer, diabetes and respiratory diseases cause more than 28 million deaths each year. The needle is an important part in most operations. Therefore, it is expected that more and more surgeries and unmet surgeries will make a positive contribution to the growth of the global needles market. According to World Bank statistics, in 2012, 4,511 operations were performed for every 100,000 people worldwide. According to the report of the Lancet Global Surgery Committee, in 2015, 2832% of the global disease burden can be successfully treated by surgical intervention. Most of these needs have not been met in the Asia-Pacific and Africa regions.
Due to the high incidence and high incidence of chronic diseases and the increasing demand for palliative care, the global needle market is expected to grow at a CAGR of 7.6 percent during the forecast period.
Among end users, the hospital sector is expected to account for the majority during the forecast period. This is due to the fact that needles are often used in different applications, such as drug management and nutritional therapy in hospitals.
In these applications, due to the increase in the global prevalence of diabetes, it is expected that pen needles in the field of diabetes will account for a large proportion during the forecast period. In addition, depending on the severity of the disease, insulin needs to be injected subcutaneously every day.
Key companies contributing in the global needles market include B. Braun Melsungen AG, Terumo Corporation, Hamilton Company, Medtronic plc., Novo Nordisk A/s, Dickinson and Company, Becton, Smiths Medical, Thermo Fisher Scientific, Stryker Corporation, Nipro Medical Corporation, and Boston Scientific Corporation.
Enquiry Before Buying This Report:
https://www.coherentmarketinsights.com/insight/talk-to-analyst/1331
Some of the significant players functioning in the Needles market:
Becton, Dickinson and Company, Medtronic plc, Hamilton Company, Stryker Corporation, Terumo Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, Nipro Medical Corporation, Novo Nordisk A/s, Thermo Fisher Scientific, and Smiths Medical.
Why You Should Buy This Report?
• To gain an in-depth understanding of Needles market globally
• To identify the on-going trends and anticipated growth in the next nine years
• To help industry consultants, Needles market other stakeholders align their market-centric strategies
• To obtain research-based business decisions and add weight to presentations and marketing strategies
• To gain competitive knowledge of leading market players
Request for Customization:
https://www.coherentmarketinsights.com/insight/request-customization/1331
Needles Market Segmentation:
The report answers questions such as:
• What is the market size and forecast of the Needles market?
• What are the inhibiting factors and impact of COVID-19 shaping the Needles market during the forecast period?
• Which are the products/segments/applications/areas to invest in over the forecast period in the Needles market?
• What is the competitive strategic window for opportunities in the Needles market?
• What are the technology trends and regulatory frameworks in the Needles market?
• What are the modes and strategic moves considered suitable for entering the Needles market?
Note: Access insightful study with over 150+ pages, list of tables & figures, profiling 20+ companies.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Contact us:
Mr. Shah
Senior Client Partner – Business Development
sales@coherentmarketinsights.com
www.coherentmarketinsights.com
The post Needles Market – Increasing investments of needles worldwide by manufacturers is expected to boost the growth of the market appeared first on Gatorledger.
The article discusses the growth of the global needles market driven by increased investments and demand for palliative care and surgeries.
Increased investments by manufacturers, high demand for palliative care, and unmet surgical needs are key drivers.
Key players include B. Braun Melsungen AG, Terumo Corporation, Medtronic plc, and others.
Explore more articles in the Research Reports category
