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How has the high flow needle sets market grown in recent years?

The market size of high flow needle sets has seen significant expansion in the previous years. It is projected to increase from $1.16 billion in 2024 to $1.28 billion in 2025, registering a compound annual growth rate (CAGR) of 9.6%. Factors such as advancements in medical procedures, a rise in chronic disease cases, demographic changes, the evolution of healthcare infrastructure, and adherence to regulatory norms contributed to the growth observed historically.

How is the high flow needle sets market size expected to evolve during the forecast period?

The market size for high flow needle sets is anticipated to experience robust growth over the forthcoming years, expanding to $1.82 billion by 2029 with a CAGR of 9.3%. Factors contributing to this expansion during the forecast period include the modernization of medical procedures, increased use in minimally invasive surgery, a focus on patient-driven healthcare, technological integration, and enhanced worldwide access to healthcare. Key trends for the forecast period encompass technological innovation, the proliferation of minimally invasive processes, a transition to home-based healthcare, focus on infection management, and the amalgamation of digital health solutions.

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Which key drivers are propelling the high flow needle sets market’s growth?

The increase in surgical procedures is predicted to fuel the high-flow needle set market’s expansion. Surgical procedures encompass medical operations that utilize manual and instrumental methods carried out by a surgeon to diagnose, treat, or repair tissues or organs, typically with the objective of enhancing a patient’s health or physiological function. The uptick in surgical procedures can be associated with elements such as an aging demographic, progress in medical technology, a growing incidence of chronic illnesses, better healthcare access, and the wider accessibility of minimally invasive surgical approaches. High-flow needle sets play a critical role in surgeries by enabling the swift administration of fluids, medications, or blood products straight into the bloodstream, thus ensuring efficient and effective patient care during the surgical procedure. For instance, a report in April 2022 by the Aesthetic Society, an American association of board-certified plastic surgeons, revealed a surge of 54% in surgical procedures, with an average of 320 surgical procedures conducted by plastic surgeons in 2021. Consequently, the surge in surgical operations is propelling the high-flow needle set market’s growth.

What are the market segments in the high flow needle sets industry?

The high flow needle sets market covered in this report is segmented –

1) By Product Type: 26 Gauge High Flow Needle Sets, 24 Gauge High Flow Needle Sets

2) By Volume Or Capacity: High Flow Needle Sets Less-than (<) 10ml, High Flow Needle Sets between 10-100ml, High Flow Needle Sets Greater-than (>) 100ml

3) By Material: Stainless Steel High Flow Needle Sets, Polycarbonate High Flow Needle Sets

4) By End Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Users

Subsegments:

1) By 26 Gauge High Flow Needle Sets: Single Use 26 Gauge High Flow Needle Sets, Reusable 26 Gauge High Flow Needle Sets

2) By 24 Gauge High Flow Needle Sets: Single Use 24 Gauge High Flow Needle Sets, Reusable 24 Gauge High Flow Needle Sets

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Which leading companies are shaping the growth of the high flow needle sets market?

Major companies operating in the high flow needle sets market are Cardinal Health Inc., Thermo Fisher Scientific Inc., Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company, Baxter International Inc., Medline Industries Inc., Terumo Corporation, Nipro Corporation, Smiths Group plc., Teleflex Incorporated, B. Braun Medical Inc., ICU Medical Inc., Concordance Healthcare Solutions, Retractable Technologies Inc., Recorders & Medicare Systems P Ltd., Right Way Medical., KORU Medical Systems, TradeMed, Alpha Medicare & Devices Pvt. Ltd., AmDel, George Philips Medical Engineering Pvt. Ltd., Mediwide Sdn Bhd, Norfolk Medical, RMS Medical Products, Wolf-Pak

What are the key trends shaping the future of the high flow needle sets market?

Leading businesses in the high flow needle sets market are on the path of innovation by developing portable syringe infusion systems, aimed at improving patient movements and simplicity. These portable systems efficiently manage the delivery of fluids or medication to patients over an elongated timeframe. To illustrate, Innovative Health Sciences, a UK-based enterprise specialising in medical devices, revealed in August 2024 an expansion of its commercialization team due to the FDA clearance of the Insignis Syringe Infusion System. This non-electric, transportable syringe driver is crafted for both subcutaneous and intravenous applications, offering an uncomplicated solution enabling patients to control their infusion rates effortlessly. The Insignis system features a tunable rate flow control mechanism, substantially enhancing patient comfort tackling prevalent issues associated with infusion therapy like discomfort at injection sites.

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Which geographic areas are influencing the growth of the high flow needle sets market?

North America was the largest region in the high flow needle sets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high flow needle sets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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