A medical needle is a hollow needle that is typically applied with a syringe to inject or withdraw fluids from the body. Medical needles can also be used to extract liquid samples from the body, such as blood from a vein by venipuncture. The needle also allows liquids to be delivered quickly. It’s also utilized when the injectable substance can’t be consumed orally, either because it won’t be absorbed or because it would harm the liver.
The global medical needles market is projected to spur at a significant rate during the forecast period. A significant demand for medical needles is expected due to the rising incidence of target diseases, increase in the number of vaccinations, the aging of the population, and the need to avoid infections acquired in clinics or hospitals. The older population is expected to suffer from chronic diseases as a result of age-related risk factors and the widespread adoption of poor lifestyle choices. For instance, changes in food habitats and stress contributed to a double-fold increase in diabetic patients worldwide in the last two decades and it is still mounting. As a result, the use of medical needles is expected to rise throughout the projection period.
The global medical needles market is segregated based on type, application, and region. Based on type, the global market is categorized into insulin needles, hypodermic needles, blood collection needles, and others. The application segment of the market covers private clinics, public hospitals, personal care, nursing home, and others.
North America is expected to hold the major share of the global medical needle market in terms of revenue. Besides, this trend is projected to continue in the coming years. Key factors such as the growing geriatric population, an increasing number of chronic diseases, and the introduction of novel medical technologies in the region are all contributing to the increased demand for medical needles in North America. Asia Pacific is projected to offer the most lucrative growth opportunities for the expansion of the market over the forecast period. Some of the key growth-boosting factors include large population, widening healthcare structures, and frequent disease outbreaks resulting in continuous demand for medical needles in the region. Among the countries, China is expected to contribute large revenue in the regional market, whereas, India is a rapidly developing market for medical needles.
Some of the key players functioning in the global medical needles market are Medtronic plc, Ethicon US, LLC., Thermo Fisher Scientific Inc., Nipro PharmaPackaging, Novo Nordisk A/S, Becton, Dickinson and Company, Stryker Corporation, and Boston Scientific Corporation, among others.
To cite, in April 2021, Nipro PharmaPackaging launched CURACASE™, Hypodermic Needles in Hard-Plastic Unit Packaging.
Get Sample of this Research Report – https://www.marketresearchstore.com/sample/medical-needles-market-827713