The size of the Needles Market size in the Asia Pacific region was worth USD 1.62 billion in 2020. It is estimated to be growing at a CAGR of 8.1% to reach USD 2.38 billion by 2025.
Needles in healthcare and medicine are hallowed devices used to inject and administer medication. For example, surgical needles and syringes are widely used to inject medication or withdraw fluids such as blood and serum for various diagnostic purposes.
Factors such as blood donation drive, awareness on blood donations, increased occurrences of chronic diseases, need for surgeries in the emergence, and need for drug administration’s increased market size. The rise in demand for aesthetics and cosmetic surgeries with increased beauty consciousness also increases the needles market demand. Increased diagnostic setups, laboratories, clinics, hospitals, and care centers raise the need for needles' availability. Stringent regulations and government awareness systems on early detection of diseases and its prevention through treatment increase the needles market's size in the Asia Pacific region.
The increase in the use of needles in blood screening or testing for various diseases such as diabetes, cancers, HIV infections, for different complex surgeries boosts up market growth. Various research and developmental activities by multiple companies, pharmaceuticals, and research laboratories are increasing market size. Low costs associated with the purchase; high availability of needles is another primary market driver.
Few market restraints held back market growth, which is listed below. Patient compliance is a significant drawback for this market. For instance, specific treatment plans are always associated with repeated administration of drugs. In such cases, patients are triggered for pain. Hence needles are not suitable in terms of pain management systems. It is a significant drawback of this needles market. The sterilization of needles, storage systems for these medical needles are harder. The sterilization equipment and setups are highly priced and are not affordable by every hospital management system. Support from the government end in this region for installing sterilizing, and storage is also feeble, which hampers the market growth.
This research report on the Asia Pacific Needles Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2025.
Regional Analysis:
Asia-Pacific has the third-largest share in the global needles market after North America and Europe. The major factors responsible for the growth of this market are the increasing number of chronic diseases, a rising amount of cardiovascular diseases, the development in medical technology, and the increasing aging population. The only constraint the market faces is the high risk associated with drug delivery through needles. Additionally, factors such as growing demand for surgeries, chronic diseases like cancers, diabetes, cardiovascular stent procedures, Diagnosing HIV infections increase market size. Japan holds the largest market for suture needles market as the increasing chronic disease which needs surgeries. Indian owns the largest shares after Japan as the material cost for manufacturing needles is low.
Some of the Major Companies leading the Asia Pacific Needles Market Profiled in the Report are Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation, and Smiths Medical, Terumo Corporation, Smiths Medical, and Thermo Fisher Scientific
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Conventional Needles
5.1.3 Bevel Needles
5.1.4 Filter Needles
5.1.5 Vented Needles
5.1.6 Safety Needles
5.1.7 Active needles
5.1.8 Passive Needles
5.1.9 Y-o-Y Growth Analysis, By Type
5.1.10 Market Attractiveness Analysis, By Type
5.1.11 Market Share Analysis, By Type
5.2 Product
5.2.1 Introduction
5.2.2 Suture Needles
5.2.3 Blood Collection Needles
5.2.4 Ophthalmic Needles
5.2.5 Dental Needles
5.2.6 Insufflation Needles
5.2.7 Pen Needles
5.2.8 Other Needles
5.2.9 Y-o-Y Growth Analysis, By Product
5.2.10 Market Attractiveness Analysis, By Product
5.2.11 Market Share Analysis, By Product
5.3 Delivery Mode
5.3.1 Introduction
5.3.2 Hypodermic Needles
5.3.3 Intravenous Needles
5.3.4 Intramuscular Needles
5.3.5 Intraperitoneal Needles
5.3.6 Y-o-Y Growth Analysis, By Delivery Mode
5.3.7 Market Attractiveness Analysis, By Delivery Mode
5.3.8 Market Share Analysis, By Delivery Mode
5.4 Material
5.4.1 Introduction
5.4.2 Stainless Steel Needles
5.4.3 Plastic Needles
5.4.4 Glass Needles
5.4.5 PEEK Needles
5.4.6 Y-o-Y Growth Analysis, By Material
5.4.7 Market Attractiveness Analysis, By Material
5.4.8 Market Share Analysis, By Material
5.5 End User
5.5.1 Hospitals & Clinics
5.5.2 Diagnostic Centers
5.5.3 Home Healthcare
5.5.4 Other End Users
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Product
6.1.3.4 By Delivery Mode
6.1.3.5 By Material
6.1.3.6 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Product
6.1.4.4 By Delivery Mode
6.1.4.5 By Material
6.1.4.6 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Product
6.1.5.4 By Delivery Mode
6.1.5.5 By Material
6.1.5.6 By End User
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Becton
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Dickinson and Company
8.3 B. Braun Melsungen AG
8.4 Terumo Corporation and Smiths Medical
8.5 Thermo Fisher Scientific
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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