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Pulished Date April, 2021
ID: 2684
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Latin America Needles Market Research Report – Segmented By Product, Delivery Mode, Material, End User & Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 2684
Pages: 145

Latin America Needles Market Size (2021 to 2026)

The size of the Needles Market in Latin America was valued at USD 536 million in 2021. It is estimated to be growing at a CAGR of 7.2% and worth USD 758 million by 2026.

The market is showcasing significant growth potential in the mentioned period. Moreover, it will also expand in the future years because of the recent developments in the Pharmaceutical industry.

Needles are medical tools with extremely thin and hollow tubes with a sharp end with a tiny hole at the pointed end. A needle generally comes with a syringe made up of either glass or plastic and has a cylinder-like shape with a piston at one end that holds the needle.

MARKET DRIVERS:

The increase in the geriatric population and the demand for vaccines are some of the key market growth drivers to the Latin American Needles market. For instance, according to world health authorities, the global geriatric population is expected to grow from 86.0 million in 2015 to 2.9 billion in 2040. As the geriatric population is prone to chronic disease, it will boost the needle growth market rate. The increasing prevalence of various chronic diseases and the increasing number of hospitals and clinics in emerging countries are also likely to increase the growth of this market during the forecast period. Factors such as accuracy, uptime, and quick-to-use design are also favorable. The increasing prevalence of diabetes (both type I and type II) worldwide is expected to drive the market for needle usage. The global prevalence of diabetes is expected to increase from 377.0 million in 2015 to 540.0 million in 2025. As long-term diabetes leads to many complications, the increasing prevalence of diabetes is expected to have a positive impact on the growth of the market

Additionally, there is a high demand for blood and blood products due to the increase in cases of complex surgeries, such as chemotherapy, heart surgery, and organ transplantation, which require large numbers of these products with needles. The COVID-19 pandemic has transformed the market landscape, and the main concern of the market is the administration and abuse of drugs for unethical purposes.

MARKET RESTRAINTS:

Strict regulations in many developed regions have led to mandatory blood tests on donations to detect infections. In addition, a low rate of awareness among people regarding treatment options and poor reimbursement facilities for healthcare in developing countries are also expected to slow the growth rate of the Latin American needles market.

Needlestick injuries pose a challenge with conventional needle use, and it can be avoided by using the pen needle type. Still, they are more expensive than conventional needles and therefore not economical on a large scale.

This research report on the Latin America Needles Market has been segmented and sub-segmented into the following categories.

By Type: 

  • Conventional Needles
  • Bevel Needles
  • Blunt Fill Needles
  • Filter Needles
  • Vented Needles
  • Safety Needles
  • Active Needles
  • Passive Needles

By Product: 

  • Suture Needles
  • Blood Collection Needles
  • Ophthalmic Needles
  • Dental Needles
  • Insufflation Needles
  • Pen Needles
  • Other Needles

By Delivery Mode: 

  • Hypodermic Needles
  • Intravenous Needles
  • Intramuscular Needles
  • Intraperitoneal Needles

By Material: 

  • Stainless Steel Needles
  • Plastic Needles
  • Glass Needles
  • PEEK Needles

By End User: 

  • Hospitals & Clinics
  • Diagnostic Centers
  • Home Healthcare

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Geographically, most of the Latin American market is expected to account for the Brazilian market during the forecast period. The growth of the Brazilian market can be attributed to the high prevalence of chronic diseases, the increasing use of pen needles, the high adoption of chronic disease management, and the well-established health infrastructure in the region. Argentina, Colombia, and Chile are expected to provide significant growth opportunities for market players during the forecast period due to the large patient population, increased incidence of chronic diseases with modes of changing lives, increased accessibility of advanced products, improved healthcare facilities, and increased disposable income. of the middle-class population.

KEY MARKET PLAYERS:

Some of the key market participants dominating the Latin America Needles Market Profiled in the 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 Brazil                           

               6.3 Mexico                        

               6.4 Rest of Latin America                            

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              

 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Latin America Needles Market, By Type, From 2021 to 2026 (USD Million)
  2. Latin America Conventional Needles Market, By Region, From 2021 to 2026 (USD Million)
  3. Latin America Bevel Neeedles Market, By Region, From 2021 to 2026 (USD Million)
  4. Latin America Blunt Fill Needles Market, By Region, From 2021 to 2026 (USD Million)
  5. Latin America Filter Needles Market, By Region, From 2021 to 2026 (USD Million)
  6. Latin America Vented Needles Market, By Region, From 2021 to 2026 (USD Million)
  7. Latin America Safety Needles Market, By Region, From 2021 to 2026 (USD Million)
  8. Latin America Active Needles Market, By Region, From 2021 to 2026 (USD Million)
  9. Latin America Passive Needles Market, By Region, From 2021 to 2026 (USD Million)
  10. Latin America Needles Market, By Product, From 2021 to 2026 (USD Million)
  11. Latin America Suture Needles! Market, By Region, From 2021 to 2026 (USD Million)
  12. Latin America Blood Collection Needles Market, By Region, From 2021 to 2026 (USD Million)
  13. Latin America Opthalmic Needles Market, By Region, From 2021 to 2026 (USD Million)
  14. Latin America Dental Needles Market, By Region, From 2021 to 2026 (USD Million)
  15. Latin America Insufflation Needles Market, By Region, From 2021 to 2026 (USD Million)
  16. Latin America Pen Needles Market, By Region, From 2021 to 2026 (USD Million)
  17. Latin America Other Needles Market, By Region, From 2021 to 2026 (USD Million)
  18. Latin America Needles Market, By Delivery Mode, From 2021 to 2026 (USD Million)
  19. Latin America Hypodermic Needles Market, By Region, From 2021 to 2026 (USD Million)
  20. Latin America Intravenous Needles Market, By Region, From 2021 to 2026 (USD Million)
  21. Latin America Intramuscular Needles Market, By Region, From 2021 to 2026 (USD Million)
  22. Latin America Intraperitoneal Needles Market, By Region, From 2021 to 2026 (USD Million)
  23. Latin America Needles Market, By Material, From 2021 to 2026 (USD Million)
  24. Latin America Stainless Steel Needles Market, By Region, From 2021 to 2026 (USD Million)
  25. Latin America Plastic Needles Market, By Region, From 2021 to 2026 (USD Million)
  26. Latin America Glass Needles Market, By Region, From 2021 to 2026 (USD Million)
  27. Latin America PEEK Needles Market, By Region, From 2021 to 2026 (USD Million)
  28. Latin America Needles Market, By End User, From 2021 to 2026 (USD Million)
  29. Latin America Hospitals & Clinics Market, By Region, From 2021 to 2026 (USD Million)
  30. Latin America Diagnostic Centers Market, By Region, From 2021 to 2026 (USD Million)
  31. Latin America Home Healthcare Market, By Region, From 2021 to 2026 (USD Million)
  32. Latin America Other End Users Market, By Region, From 2021 to 2026 (USD Million)
  33. Brazil Needles Market, By Type, From 2021 to 2026 (USD Million)
  34. Brazil Needles Market, By Product, From 2021 to 2026 (USD Million)
  35. Brazil Needles Market, By Delivery Mode, From 2021 to 2026 (USD Million)
  36. Brazil Needles Market, By Material, From 2021 to 2026 (USD Million)
  37. Brazil Needles Market, By End User, From 2021 to 2026 (USD Million)
  38. Argentina Needles Market, By Type, From 2021 to 2026 (USD Million)
  39. Argentina Needles Market, By Product, From 2021 to 2026 (USD Million)
  40. Argentina Needles Market, By Delivery Mode, From 2021 to 2026 (USD Million)
  41. Argentina Needles Market, By Material, From 2021 to 2026 (USD Million)
  42. Argentina Needles Market, By End User, From 2021 to 2026 (USD Million)
  43. Mexico Needles Market, By Type, From 2021 to 2026 (USD Million)
  44. Mexico Needles Market, By Product, From 2021 to 2026 (USD Million)
  45. Mexico Needles Market, By Delivery Mode, From 2021 to 2026 (USD Million)
  46. Mexico Needles Market, By Material, From 2021 to 2026 (USD Million)
  47. Mexico Needles Market, By End User, From 2021 to 2026 (USD Million)
  48. Rest of Latin America Needles Market, By Type, From 2021 to 2026 (USD Million)
  49. Rest of Latin America Needles Market, By Product, From 2021 to 2026 (USD Million)
  50. Rest of Latin America Needles Market, By Delivery Mode, From 2021 to 2026 (USD Million)
  51. Rest of Latin America Needles Market, By Material, From 2021 to 2026 (USD Million)
  52. Rest of Latin America Needles Market, By End User, From 2021 to 2026 (USD Million)

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