25 Apr, 2018, 10:00 ET
PUNE, India, April 25, 2018 /PRNewswire/ --
ReportsnReports.com adds the global needles market is projected to reach USD 8.47 billion by 2022 from USD 5.82 billion in 2017, at a CAGR of 7.8%. This report studies needles market based on type, products, delivery mode, material, & end user. Report studies factors (like drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities & challenges in market for stakeholders & provides details of competitive landscape for market leaders.
Browse 92 Market Data Tables and 46 Figures spread through 167 Pages and in-depth TOC on "Needles Market by Type (Conventional (Bevel, Vented) & Safety), Product (Suture, Blood Collection, Insufflation), Material (Stainless Steel, Plastic), Delivery Mode (IV, IM, Hypodermic), End-User (Hospitals, Diagnostic Centers) - Global Forecast to 2022" http://www.reportsnreports.com/reports/1085613-needles-market-by-type-conventional-bevel-vented-safety-product-suture-blood-collection-insufflation-material-stainless-steel-plastic-delivery-mode-iv-im-hypodermic-end-user-hospitals-diagnos-st-to-2022.html .
Some of the major market players in the needles market are Hamilton Company (U.S.), Medtronic plc (Ireland), Becton, Dickinson and Company (U.S.), Stryker Corporation (U.S.), B. Braun Melsungen AG (Germany), Boston Scientific Corporation (U.S.), and Terumo Corporation (Japan). Product launches, agreements, and partnerships were the major strategies adopted by market players to achieve growth.
"Asia-Pacific to witness the highest growth during the forecast period (2017-2022)"
North America held the largest share of the global needles market in 2016, but Asia-Pacific is expected to witness the highest growth during the forecast period. A number of factors such as the conducive regulatory policies for the approval of new injectable and the rapid growth in the geriatric population are contributing to the growth of the needles market in this regional segment.
The plastic needles segment is expected to grow at the highest CAGR
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Needles market research study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and Avention) to identify and collect information useful for this technology-based, market-oriented, and commercial study of the global needles market. In-depth interviews were conducted with various primary respondents that mainly included key industry participants, subject-matter experts (SMEs), C & D level executives of key market players, and independent industry consultants, among others.
The needles market is segmented into stainless steel/metallic, plastic, glass, and PEEK needles, based on materials. The stainless steel/metallic needles segment is expected to account for the largest share of the needles market in 2017. Stainless steel/metallic needles are affordable and do not rust; they can also be sterilized and reused; these factors are contributing to the large share of this market segment.
Order a copy of "Needles Market - Global Forecast to 2022" research report at http://www.reportsnreports.com/purchase.aspx?name=1085613 .
Geographically, emerging Asian countries offer high-growth opportunities for market players as of 2017. The conducive regulatory policies for the approval of new injectable and rapid growth in the geriatric population are key factors influencing the growth of the Asia-Pacific needles market.
Breakdown of primary interviews: by company type, designation, and region:
- By Company Type - Tier 1 - 45%, Tier 2 - 34% and Tier 3 - 21%
- By Designation - C level - 10%, Director level - 14%, Others - 76%
- By Region - North America - 40%, Europe - 32%, APAC - 20%, RoW - 8%
Another research titled the pen needles market is projected to reach USD 2.81 billion by 2021 from USD 1.65 billion in 2016, growing at a CAGR of 11.2% during the forecast period of 2016 to 2021. Prominent players in the pen needles market include Becton, Dickinson, and Company (U.S.), Novo Nordisk A/S (Denmark), Ypsomed Holdings AG (Switzerland), Owen Mumford, Ltd. (U.K.), HTL-STREFA S.A. (Poland), B. Braun Melsungen (Germany), Terumo Corporation (Japan), UltiMed, Inc. (U.S.), Allison Medical, Inc. (U.S.), and Artsana S.p.a. (Italy) available with 185 pages at http://www.reportsnreports.com/purchase.aspx?name=313502 .
Explore more reports on Medical Devices at http://www.reportsnreports.com/market-research/medical-devices/ .
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