Global Needles Market is poised to reach USD 5.38 billion by 2021Posted by rohan on October 26th, 2017 The Global Needles Market was worth USD 5.38 billion in 2016 and estimated to be growing at a CAGR of 7.7%, to reach USD 7.8 billion by 2021. The market is showing high growth potential in the mentioned period. It will continue to expand with the recent developments in Pharmaceutical industry. Needles are the sterile devices which help in injecting solutions in the human body. Needles are hollow metal tube with a pointed tip and are also used to separate different types of body fluids, like tissues from swollen parts and blood from veins. A needle comes with a syringe, which is made from either glass or plastic and is shaped in the form of a cylinder with a piston at one end and an opening which holds the needle. Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/global-needles-market-2801/request-sample Increasing instances of chronic diseases, rising geriatric population and advancement in technology of needle based drug delivery are the major driving forces for the global needles market. However, high risk associated with drug delivery by syringes and needles hamper the growth of the global needles market. Moreover, increased risk of needle stick injuries and availability of alternatives also hampers the growth of global syringes and needles market. Global Needles Market Segmentation:
o Conventional Needles o Bevel Needles o Filter Needles o Vented Needles o Safety Needles o Active needles o Passive Needles
o Suture Needles o Blood Collection Needles o Ophthalmic Needles o Dental Needles o Insufflation Needles o Pen Needles o Other Needles
o Hypodermic Needles o Intravenous Needles o Intramuscular Needles o Intraperitoneal Needles
o Stainless Steel Needles o Plastic Needles o Glass Needles o PEEK Needles
o Hospitals & Clinics o Diagnostic Centers o Home Healthcare o Other End Users On the basis of region the global market is segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. North America and Europe dominate the global needles market. This is because of different types of government legislative reforms. However, Asia-pacific is expected to grow at the highest CAGR in the forecasting period of global needles market because of increasing geriatric population. Some of the major competitors dominating the global needles market are Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation and Smiths Medical, Terumo Corporation, Smiths Medical, and Thermo Fisher Scientific. About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions. Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast Direct Line: +1-888-702-9626 Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Like it? Share it! More by this author |