Feb 12, 2019 SOURCE: PR NewsWire

Needle Market Size Worth USD 9.96 Billion by 2025 | CAGR: 6.6%: Grand View Research, Inc.

SAN FRANCISCO, Feb. 12, 2019 /PRNewswire/ -- The global needle market size is expected to reach USD 9.96 billion in 2025 according to a new report by Grand View Research, Inc. The market is projected to witness a CAGR of 6.6% over the forecast period. Rising awareness regarding blood donation along with extensive R&D to develop advance needle technology with maximum safety and precision is expected to contribute to the market expansion in the years to come. The conventional needles segment led the global needle market in 2017, in terms of revenue share.

https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

Key suggestions from the report:

    --  Hypodermic needles segment accounted for the majority share of the
        market in 2017. While, intravenous needles are likely to experience the
        fastest growth in the coming years
    --  Stainless steel needles led the material segment in 2017 These needles
        have tough structure and high strength and resistance to corrosion
    --  Europe held the largest market share in 2017 due to faster regulatory
        approvals of innovative devices and procedures
    --  Asia Pacific is expected to be the fastest-growing regional market owing
        to increasing healthcare infrastructure and expenditure
    --  Becton, Dickinson and Company; Stryker Corp.; Medtronic PLC; Ethicon,
        Inc.; Novo Nordisk A/S; Thermo Fisher Scientific, Inc.; Boston
        Scientific Corp.; Smiths Medical, Inc.; and Hilgenberg GmbH are some of
        the key companies in the global market

Read 80 page research report with TOC on "Needles Market Size, Share & Trends Analysis Report By Product, By Type (Safety, Conventional), By Delivery Mode (Hypodermic, Intravenous, Intramuscular), By Raw Material, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/needles-market

The safety needles segment is expected to witness the fastest CAGR during the forecast period due to reduced risk of needle stick injuries. Blood collection needles segment held a significant share of the global market in 2017 due to increasing awareness about blood donation and stringent regulations on blood screening. For instance, tests, such as Nucleic Acid Amplification Test (NAT) and ELISA, are mandatory in European countries including France, Germany, Spain, Italy, U.K., and Switzerland.

Connect with our analyst for specific inquiries about this market

Grand View Research has segmented the global needle market on the basis of type, product, delivery mode, raw material, and region:

    --  Needle Type Outlook (Revenue, USD Million, 2014 - 2025)
        --  Conventional Needles
        --  Safety Needles
    --  Needle Product Outlook (Revenue, USD Million, 2014 - 2025)
        --  Pen Needles
        --  Suture Needles
        --  Blood Collection Needles
        --  Dental Needles
        --  Ophthalmic Needles
        --  Others
    --  Needle Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)
        --  Hypodermic
        --  Intravenous
        --  Intramuscular
        --  Others
    --  Needle Raw Material Outlook (Revenue, USD Million, 2014 - 2025)
        --  Stainless Steel
        --  Glass
        --  Others
    --  Needle Regional Outlook (Revenue, USD Million, 2014 - 2025)
        --  North America
            --  U.S.
            --  Canada
        --  Europe
            --  U.K.
            --  Germany
        --  Asia Pacific
            --  Japan
            --  China
        --  Latin America
            --  Brazil
            --  Mexico
        --  Middle East & Africa
            --  South Africa

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

Browse related reports by Grand View Research:

    --  Clostridium Diagnostics Market - Increasing prevalence of clostridium
        related disease and growing global geriatric population is expected to
        serve as a high impact rendering deriver for the growth of clostridium
        diagnostics market over the forecast period.
    --  Cast Removal Device Market - Cast removal device market is expected to
        grow over the forecast period owing to the increasing incidences of
        accidents, injuries and physical damages.
    --  Renal Disease Treatment Devices Market - The Global renal disease
        treatment devices market is expected to grow at rapid pace due to rising
        incidences of chronic kidney disorders (CKD) and end stage renal disease
        (ESRD).

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter