Global Special Purpose Needles Market Share, By Product Type, By Application, By Distribution Channel And Forecast 2016-2026

“The Latest Research Report Special Purpose Needles Market: Global Industry Analysis and Opportunity Assessment, 2016-2026 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz”

About Special Purpose Needles Market

Special purpose needles are used in target specific drug deliveries or collection of samples such as fluid and cells from organs or lumps and are available in the market with various advanced features, shapes, and sizes. The global market for special purpose needles is showing a steady growth owing to an increasing geriatric population. In terms of revenue, the global special purpose needles market is projected to expand at a CAGR of 7.4% during the forecast period (20162026) and is expected to be valued at US$ 17,261.5 million by the end of 2026.

The global special purpose needles market can be segmented on the basis of product type (Fine Aspirating Needles, Biopsy Needles, Hypodermic Needles, Pen Needles, Suture Needles, IV Catheter Needles, Implantation Needles, Dental Needles, Ophthalmic Needles, Blood Collection Needles, Spinal Anaesthesia Needles, Epidural Needles, AV Fistula Needles, Cannula Needles); application (Sample Collection, Drug Delivery); and distribution channel (Hospital Pharmacies,Private Clinics, Retail Pharmacies and Drug Stores, E-Commerce). The Hypodermic Needles product type segment and the Drug Delivery application segment are projected to dominate the global special purpose needles market in terms of value. The Hospital Pharmacies distribution channel segment is expected to hold maximum share of the global special purpose needles market.

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Key market dynamics

Increasing prevalence of diabetes and infectious diseases and increasing incidence of cancer and spine disorders across the globe are the primary factors driving the growth of the global special purpose needles market. Growing government regulations on the use of safety needles, increasing focus on advanced healthcare systems, joint efforts by supply chain executives to increase efficiency, and rising government support in developed economies is creating high potential growth opportunities for players operating in the global special purpose needles market. However, high costs associated with special purpose needles, an increasing awareness of needle-free injection technology, and product recalls due to low quality are some of the factors likely to impede growth of the special purpose needles market over the forecast period.

The global special purpose needles market is likely to witness some key trends in the next 10 years. There is an increasing collaboration between the government and private medical companies to raise awareness among patients regarding the unsafe use of reusable needles. Companies are also directing their efforts towards the production of user-friendly safety needles to prevent needle injuries that are the main cause of a rising prevalence of HIV and other blood borne diseases.

Regional market projections

The global special purpose needles market is segmented into seven main regions North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa (MEA). In terms of value, North America is expected to be the dominant regional market by the end of 2016 and is expected to reach a market valuation of US$ 5,506.7 Mn by the end of 2026, registering a CAGR of 8.2% over the forecast period. APEJ is expected to be the fastest growing market in terms of revenue growth in the global special purpose needles market, registering a CAGR of 7.7% over the forecast period. The APEJ market is anticipated to reach US$ 2,383.1 Mn by the end of 2026. The markets in North America, Western Europe, and APEJ are estimated to collectively hold 74.7% market share of the global special purpose needles market in 2016.

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Leading market players

Medtronic, B. Braun Melsungen AG, Becton, Dickinson and Company, Terumo Corporation, Smiths Medical, Boston Scientific Corporation, Novo Nordisk A/S, Argon Medical Devices, Inc., Stryker Corporation, NIPRO Medical Corporation, Cook Medical, and SERAG-WIESSNER GmbH & Co. are some of the major players operating in the global special purpose needles market.

Table Of Content

1. Assumptions and Acronyms Used

2. Research Methodology

3. Executive Summary

4. Special Purpose Needles Market Overview

4.1. Introduction

4.1.1. Special Purpose Needles Market Definition

4.1.2. Special Purpose Needles Market Taxonomy

4.2. Special Purpose Needles Market Overview

4.3. Parent Market Overview

4.4. Special Purpose Needles Market Dynamics

4.4.1. Drivers

4.4.2. Restraints

4.4.3. Opportunity

4.4.4. Value Chain

4.4.4.1. Raw Material Suppliers

4.4.4.2. OEM Manufacturer

4.4.4.3. Manufacturer

4.4.4.4. Distributors/Suppliers

4.4.5. Company Share Analysis

4.4.6. Cannula Manufacturers By Region

4.5. Global Special Purpose Needles Market Forecast, 2016-2026

4.5.1. Market Value Forecast

4.5.1.1. Y-o-Y Growth Projections

4.5.1.2. Absolute $ Opportunity

4.6. Special Purpose Needles Market Trends

4.7. Regional Average Pricing Analysis (2015)

4.8. Global Special Purpose Needles Market Snapshot (2015)

4.8.1. Market Share, By Product Type

4.8.2. Market Share, By Application

4.8.3. Market Share, By Distribution Channel

4.8.4. Market Share, By Region

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5. Global Special Purpose Needles Market Analysis, By Product Type

5.1. Introduction

5.1.1. Y-o-Y Growth Comparison, By Product Type

5.1.2. Market Share & Basis Point (BPS) Analysis, By Product Type

5.2. Market Value and Volume Forecast, By Product Type

5.2.1. Fine Aspirating Needles

5.2.1.1. Absolute $ Opportunity

5.2.1.2. Market Value Forecast

5.2.2. Biopsy Needles

5.2.2.1. Absolute $ Opportunity

5.2.2.2. Market Value Forecast

5.2.3. Hypodermic Needles

5.2.3.1. Absolute $ Opportunity

5.2.3.2. Market Value Forecast

5.2.4. Pen Needles

5.2.4.1. Absolute $ Opportunity

5.2.4.2. Market Value Forecast

5.2.5. Suture Needles

5.2.5.1. Absolute $ Opportunity

5.2.5.2. Market Value Forecast

5.2.6. IV catheter Needles

5.2.6.1. Absolute $ Opportunity

5.2.6.2. Market Value Forecast

5.2.7. Implantation Needles

5.2.7.1. Absolute $ Opportunity

5.2.7.2. Market Value Forecast

5.2.8. Dental Needles

5.2.8.1. Absolute $ Opportunity

5.2.8.2. Market Value Forecast

5.2.9. Opthalmic Needles

5.2.9.1. Absolute $ Opportunity

5.2.9.2. Market Value Forecast

5.2.10. Blood Collection Needle

5.2.10.1. Absolute $ Opportunity

5.2.10.2. Market Value Forecast

5.2.11. Spinal Anesthesia Needle

5.2.11.1. Absolute $ Opportunity

5.2.11.2. Market Value Forecast

5.2.12. Epidural Needles

5.2.12.1. Absolute $ Opportunity

5.2.12.2. Market Value Forecast

5.2.13. AV Fistula Needle

5.2.13.1. Absolute $ Opportunity

5.2.13.2. Market Value Forecast

5.2.14. Cannula Needles

5.2.14.1. Absolute $ Opportunity

5.2.14.2. Market Value Forecast

5.3. Market Attractiveness Analysis, By Product Type

5.4. Special Purpose Needles Market Prominent Trends, By Product Type

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