What Are the Majors Factors for Growth of Needles Market in near future?
Chicago, IL -- (SBWIRE) -- 07/11/2017 -- According to the report, "Needles Market, by Type (Conventional Needles, Bevel Needles, Blunt Fill Needles, Filter Needles, Vented Needles, Safety Needles, Active needles, Passive Needles), Product (Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles),Delivery Mode (Hypodermic Needles, Intravenous Needles, Intramuscular Needles, Intraperitoneal Needles, Needles Market, by Material, Stainless Steel Needles, Plastic Needles, Glass Needles, PEEK Needles), End-user (Hospitals & Clinics, Diagnostic Centers, Home Healthcare) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for needles is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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Needles are actually sterile devices mainly used for injecting solutions into the human body. Also, they are used for isolating several types of body fluids namely blood from veins as well as tissues from swollen joints. A needle has pointed tip with hollow metal tube. Technological advancement is causing shift in end-user preference to minimally as well as non-invasive procedures from invasive procedures. Needles are mostly used by diabetes individuals who need multiple injections daily. Key factors driving the growth of needles market include escalating no. of hospitals in emerging markets, increasing geriatric population, and growing prevalence of chronic diseases across the globe.
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KEY PREMIUM INDUSTRY INSIGHTS
1. Globally, it has been observed that government is implementing a variety of regulations which are aimed at restraining the needle-stick injuries incidence. These rules and regulations permit the safe use of needles in order to prevent the risk of infections. The implementation of such kind of strict regulations has been crucial in driving the demand of needles globally.
2. The growth showed by the market is also maintained by the introduction of latest technology in needle-based drugs delivery. On the other side, certain factors are restraining the market growth of needles such as infections risks related with administering drugs using the rising needle-stick injuries incidence, and the presence of several other alternatives.
3. Nevertheless, the market is anticipated to increase from the novel product launch and with the growing public–private partnership trend among government organizations and manufacturing companies.
Regionally, the global market for needles is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these, North America is dominating the global market for needles due to growing geriatric population as well as escalating occurrence of chronic diseases in the region. The regional needle market is also boosting from the implementation of favorable government regulations. Apart from this region the global market is driven by its growing demand in Japan, China and India. Moreover, Asia Pacific region is anticipated to exhibit growing opportunities for the needles market.
KEY MARKET PLAYERS
Key players in the needles market include:
1. Hamilton Company
2. Medtronic PLC
3. Becton, Dickinson and Company
4. B. Braun Melsungen AG
5. Stryker Corporation
6. Ethicon, Inc. (Subsidiary of Johnson and Johnson)
7. Boston Scientific Corporation
8. Unimed SA
9. Novo Nordisk A/S
10. Terumo Corporation
11. Olympus Corporation
12. Smiths Medical
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