The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

Market Growth Overview

• Current Size and Growth Rate:
  • The high flow needle sets market was valued at $1.07 billion in 2023.
  • It is projected to grow to $1.16 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.3%.
  • The growth is driven by advancements in medical procedures, chronic disease prevalence, demographic shifts, and healthcare infrastructure improvements.
• Future Projections:
  • By 2028, the market is expected to reach $1.67 billion.
  • This represents a CAGR of 9.4% during the forecast period.
  • Key growth factors include medical procedure modernization, increasing minimally invasive surgeries, and expanding global healthcare access.

View More On The High Flow Needle Sets Market Report 2024 –

https://www.thebusinessresearchcompany.com/report/high-flow-needle-sets-global-market-report

Impact of Rising Surgical Procedures

• Growth Driver:
  • The increasing number of surgical procedures is a significant factor driving market growth.
  • Surgeons perform these procedures to diagnose, treat, or repair tissues and organs, aiming to enhance patient health.
• Contributing Factors:
  • An aging population, technological advancements, chronic disease prevalence, and improved access to healthcare contribute to the rise in surgeries.
  • High-flow needle sets are crucial for rapid fluid, medication, or blood product administration during surgeries.
• Example:
  • A report from the Aesthetic Society noted a 54% increase in surgical procedures in 2021, highlighting the growing demand for high-flow needle sets.

Major Companies in the Market

• Key Players:
  • Cardinal Health Inc.
  • Thermo Fisher Scientific Inc.
  • Fresenius Medical Care AG & Co. KGaA
  • Becton Dickinson and Company
  • Baxter International Inc.
• Others:
  • Medline Industries Inc., Terumo Corporation, Nipro Corporation, and more.

Innovations in High Flow Needle Sets

• Portable Syringe Infusion Systems:
  • Companies are developing portable systems to enhance patient mobility and ease of use.
  • Example: Koru Medical Systems’ FreedomEdge Syringe Infusion System, approved in October 2021, offers controlled, subcutaneous administration with flexible dosing schedules.
• Technological Developments:
  • Innovations include advancements in infusion technology and integration with digital health solutions.

Strategic Acquisitions

• ICU Medical and Smiths Medical:
  • In January 2022, ICU Medical acquired Smiths Medical, expanding its product line to include high flow intravenous administration sets and needles.
  • This acquisition enhances ICU Medical’s capabilities in infusion therapy and vascular access.

Market Segmentation

• By Product Type:
  • 26 Gauge High Flow Needle Sets
  • 24 Gauge High Flow Needle Sets
• By Volume/Capacity:
  • Less than 10 ml
  • Between 10-100 ml
  • Greater than 100 ml
• By Material:
  • Stainless Steel
  • Polycarbonate
• By End Use:
  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Other End-Users

Regional Insights

• Current Market Leader:
  • North America was the largest market region in 2023.
• Future Growth Region:
  • Asia-Pacific is expected to be the fastest-growing region during the forecast period.

The high flow needle sets market is set for continued robust growth driven by increasing surgical procedures, technological advancements, and strategic industry expansions.

Request A Sample Of The Global High Flow Needle Sets Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=15821&type=smp