Status : Published | Published On : Dec, 2023 | Report Code : VRHC1280 | Industry : Healthcare | Available Format : | Page : 210 |
Industry Overview
Needles are slender, pointed devices used in various fields, including medicine, sewing, and crafting. Typically crafted from metal, plastic, or other materials, needles feature a pointed end for penetration and a blunt end for attachment to threads or syringes. In medicine, they are vital for injections, blood drawing, and various diagnostic procedures. In sewing, needles facilitate stitching fabrics, while in crafting, they aid in intricate work. Their diverse applications highlight needles' universal importance, emphasizing their role in precision tasks and medical interventions. The design and materials of needles vary based on their intended use, making them indispensable tools across different industries.
The global needle market was USD 9.20 billion in 2023 and is expected to reach USD 16.00 billion by 2030 with a CAGR of 7.97% during the forecast period, i.e., 2025-2030. The growing demand for needles is driven by the expanding healthcare industry's need for diagnostic and therapeutic procedures, increasing prevalence of chronic diseases requiring frequent medical interventions, technological advancements in needle design, a growing global population necessitating vaccinations, and rising awareness of needle safety and stringent regulatory standards in various applications..
Geographically, the global needle market is expanding rapidly in North America, Europe, and the Asia Pacific due to advanced healthcare infrastructure, high healthcare expenditure, increasing prevalence of chronic diseases, and growing awareness, driving demand for diagnostic and therapeutic procedures; however, the market confronts constraints such as the increasing adoption of needle-free injection technologies, which pose competition, and the need for constant innovation to meet changing preferences. Additionally, stringent regulations, sustainability concerns, and economic fluctuations present hurdles for sustained growth in the needle industry. Overall, the needle market offers potential prospects for market participants to develop and fulfill the growing needs of a wide range of end-users including hospitals and diagnostics centers and home healthcare.
Market Segmentation
Insight by Type
Based on the needle type, the global needle market is segmented into conventional needles and safety needles. Safety needles segment dominated the global needle market in 2023 due to their pivotal role in reducing needlestick injuries and infections. The heightened focus on healthcare worker safety and stringent regulations promoting safe medical practices amplify the demand for these needles. Companies like Retractable Technologies, with its innovative safety needle designs, exemplify the industry's response to a growing emphasis on minimizing occupational hazards, making safety needles a preferred and indispensable choice in medical procedures worldwide.
Insight by Product
Based on product, the global needle market is segmented into suture needles, blood collection needles, ophthalmic needles, dental needles, insufflation needles, pen needles, and other needles. Suture needles segment dominated the global needle market in 20223 owing to their widespread use in various medical procedures, including surgeries and wound closure. For instance, Ethicon, a subsidiary of Johnson & Johnson, is a key player in the suture needle market, offering a range of surgical needles. The consistently high demand for sutures across medical disciplines, coupled with technological advancements in needle design for precision and efficacy, positions suture needles as a leading and indispensable segment in the global needle market.
Insight by Material
Based on material, the global needle market is segmented into glass needles, plastic needles, stainless steel needles, and polyether ether ketone needles. Stainless steel needles dominated the global needle market in 2023 due to their durability, strength, and widespread applicability across medical and industrial sectors. Companies like Becton, Dickinson and Company (BD) manufacture stainless steel needles for medical applications, ensuring precision and safety. The material's resistance to corrosion, high tensile strength, and compatibility with various substances make stainless steel needles a preferred choice, emphasizing their prominence in the global market.
Insight by Delivery Mode
Based on delivery mode, the global needle market is segmented into hypodermic needles, intravenous needles, intramuscular needles, and intraperitoneal needles. Hypodermic needles dominated the global needle market in 2023 due to their versatile application in various medical procedures, including vaccinations and drug administration. Supported by their widespread use, companies like Terumo Corporation manufacture innovative hypodermic needle designs for improved patient comfort and safety. The prevalence of subcutaneous injections across medical disciplines contributes to the continued dominance of hypodermic needles, making them a pivotal delivery model in the global market.
Insight by Distribution Channel
Based on distribution channel, the global needle market is segmented into direct tenders and retail. Direct tenders dominated the global needle market in 2023 due to bulk purchases from healthcare institutions and governmental organizations. Large-scale tenders, such as those issued by national health agencies, contribute to significant market share. Companies like Becton Dickinson and Company (BD), Johnson and Johnson, Novo Nordisk, and Smiths Medical, often secure substantial contracts through direct tenders, ensuring a steady supply of needles to healthcare systems globally. The efficiency and cost-effectiveness of procurement through direct tenders consolidate their dominance in the distribution channel for needles in the global market.
Insight by End-User
Based on end-users, the global needle market is segmented into hospitals and diagnostic centers, home healthcare and other end-users. Hospitals and diagnostic centers dominated the global needle market in 2023, fueled by the high volume of medical procedures conducted in these settings. With the need for diverse needles across surgeries, diagnostics, and treatments, hospitals are key consumers. Companies like Smiths Medical cater to this segment by providing a comprehensive range of needles for various medical applications. The critical role of hospitals as major healthcare hubs solidifies their dominance in needle consumption within the global market.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 9.20 Billion |
Revenue Forecast in 2030 |
U.S.D. 16.00 Billion |
Growth Rate |
7.97% |
Segments Covered in the Report |
By Type, By Product, By Material, By Delivery Mode, By Distribution Channel and By End-User |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and South America |
Industry Dynamics
Growth Drivers
Growing prevalence of chronic diseases
The escalating prevalence of chronic diseases is a key driver behind the sustained demand for needles in the global healthcare sector. Chronic conditions, such as diabetes, require regular monitoring and treatment, often involving injections for insulin delivery. According to the World Health Organization (WHO), if the current trend continues, by around 2050, chronic diseases such as cardiovascular diseases, cancer, diabetes and respiratory illnesses, will account for 86% of the 90 million deaths each year – a 90% increase in absolute numbers, since 2019.
Additionally, conditions like rheumatoid arthritis, multiple sclerosis, and certain cancers necessitate injectable medications. The rising incidence of these ailments globally has led to a significant increase in the use of needles for administering therapeutic treatments. As healthcare systems globally grapple with the burden of chronic diseases, the demand for needles continues to grow, reflecting the crucial role these devices play in disease management. The development of new and improved needles, ensuring patient comfort and safety, further supports the healthcare industry's response to the increasing demand for effective and reliable needle-based interventions in the context of chronic diseases.
Technological advancements and introduction of microneedles
Another major driver for the global needle market is the continuous technological advancements in needle design and materials. For instance, the introduction of microneedles, which are minimally invasive and offer painless drug delivery, exemplifies this trend. Microneedles have applications in various fields, including drug delivery and diagnostics. Companies like 3M and BD are investing in developing innovative microneedle technologies to enhance patient experience and improve the efficiency of medical procedures. This commitment to technological innovation not only meets the evolving needs of healthcare but also drives the overall growth and competitiveness of the global needle market.
Challenge
Growing adoption of needle-free injection technology
A significant challenge for the global needle market lies in the increasing adoption of needle-free injection technologies. Alternatives like jet injectors, which eliminate the need for traditional needle-based injections, pose a competitive threat. The needle-free approach offers advantages such as reduced pain and avoidance of needlestick injuries. This shift in preference necessitates innovation from needle manufacturers to stay relevant. Companies like PharmaJet, pioneering needle-free injection systems, exemplify this challenge. As the industry responds to changing dynamics and patient preferences, adapting to emerging technologies while maintaining the efficacy of needle-based solutions becomes crucial for overcoming the challenge and sustaining growth in the needle market.
Geographic Overview
North America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
South America
The global needle market is segmented into North America, Europe, the Asia-Pacific, South America, and the Middle East and Africa region. North America dominated the global needle market in 2023 due to advanced healthcare infrastructure, high healthcare expenditure, and a robust emphasis on safety protocols. The region's stringent regulatory environment also favors the adoption of advanced needle technologies. For example, Becton, Dickinson and Company (BD), a major player, has a significant market presence in North America, providing innovative needles with safety features. The region's commitment to cutting-edge medical practices, coupled with a strong regulatory framework, solidifies its leadership in the global needle market.
Competitive Insight
Becton Dickinson and Company (BD) holds a prominent position in the global needle market, showcasing leadership through diverse product lines and strategic initiatives. BD's comprehensive range includes safety needles, insulin syringes, and blood collection needles, reflecting a commitment to innovation and addressing varied healthcare needs. Strategic partnerships, like the collaboration with Apax Partners, highlight BD's efforts in advancing technologies. Additionally, BD's acquisition of C. R. Bard in 2017 broadened its portfolio, strengthening its position in needle-related medical devices. These initiatives signify BD's adaptability, innovation, and commitment to meeting evolving market demands, solidifying its influential role in shaping the trajectory of the global needle market.
3M holds a notable position in the global needle market, leveraging its diversified product lines and innovative solutions. 3M's focus on safety and precision is evident in its product offerings like the 3M™ Micronova™ Hypodermic Needle and 3M™ Scotch-Weld™ HiPURformer™ Advanced Composite Applicator, showcasing versatility and reliability. Collaborations with healthcare institutions and organizations demonstrate 3M's commitment to addressing evolving industry needs. For instance, partnerships with Mayo Clinic exemplify its dedication to advancing medical technologies. 3M's strategic acquisitions, such as the purchase of Acelity in 2019, further reinforce its standing in healthcare solutions. Through a combination of cutting-edge products and strategic initiatives, 3M continues to play a significant role in shaping the global needle market.
Recent Development by Key Players
In March 2023, Genixus, a drug delivery systems manufacturer, announced plan to construct a 30,000-square-foot facility in North Carolina dedicated to its KinetiX syringe platform made from plastic polymer. The syringes feature color-coded labels for easy identification and tracking. Genixus aims to triple its staff by 2024 and already produces KinetiX syringes at its Kannapolis headquarters. Currently offering the KinetiX RTA Propofol in 10ml and 20ml sizes, the company obtained 503B registration and licensing for its existing manufacturing space in North Carolina in August 2022.
In August 2023, Qosina introduced OneShot single-use filling needles from Overlook Industries, catering to the medical and biopharmaceutical sectors. These needles, serving as OEM replacements for popular brands like Bausch + Ströbel and Pall, aim to enhance production efficiency by minimizing downtime, mitigating cross-contamination risks, and eliminating the need for extensive cleaning and validation. The combination of plastic and stainless-steel offers disposability benefits while maintaining the precision and accuracy associated with reusable stainless-steel needles.
Key Players Covered in the Report
Becton Dickinson and Company, Terumo Corporation, Baxter International, 3M Company, Smiths Medical, Medtronic, Johnson & Johnson, Novo Nordisk, Nipro Corporation, Retractable Technologies, B. Braun Melsungen, Thermo Fisher Scientific, Ethicon, Boston Scientific, Ypsomed, Owen Mumford, HTL-STREFA, Gerresheimer, Smith & Nephew, Argon Medical Devices, Kamada, and Smith & Wesson Brands.
The needle market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Geographical Segmentation
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific (APAC)
China
Japan
India
South Korea
Rest of Asia-Pacific
Middle East and Africa (MEA)
Saudi Arabia
U.A.E
South Africa
Rest of MEA
South America
Argentina
Brazil
Chile
Rest of South America
Primary Research Interviews Breakdown
Needle Market