Needle Trends and Opportunities 2025-2034: A Comprehensive Guide to Growth Insights
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Factors Are Driving the Anticipated Growth Rate of the Needle Market Through 2034?
The size of the needle market has seen significant expansion in the past few years, with predictions that it will increase from a value of $8.21 billion in 2024 to a worth of $8.89 billion in 2025. This indicates a compound annual growth rate (CAGR) of 8.3%. The historic growth can be associated with factors such as the growing incidence of chronic illnesses, initiatives of vaccination programs, the implementation of surgical procedures, and enactment of government regulations.
In the coming years, the needle market is poised for significant expansion, with a projection of reaching $12.09 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.0%. Factors contributing to growth during this forecast period include an increase in chronic diseases, wider vaccination programs, growing need for devices for self-administration, government efforts to improve access to healthcare, and heightened healthcare spending. Technological development, safety feature integration, the rise of biodegradable and smart needles, customization, personalization and remote healthcare are the key trends expected in this forecast period.
Which Major Market Drivers Are Expected to Boost the Needle Market’s Growth Potential?
The needle market’s expansion is anticipated to be propelled by the increasing number of ambulatory surgical centers. These centers – known as ASCs – specialize in healthcare services and focus on outpatient surgical procedures, eradicating the requirement for patients to remain in the hospital overnight. Technological advancements, the demand for outpatient procedures, and the allure of specialized care have contributed to a spike in ambulatory surgical centers around the globe. In these centers, needles play an essential role, facilitating such procedures as injections, suturing, and tissue sampling. They are also critical in administering medications, drawing blood samples, and ensuring accurate wound closure. A report by Olympus America Inc., a medical technology company based in the United States, stated in July 2023 that the number of ambulatory surgical centers increased from 6,109 in the previous year to 6,223 in 2023. This led to a forecasted growth of 12% over the subsequent five years. Therefore, the needle market’s growth is being propelled by the increase in ambulatory surgical centers.
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Who Are the Major Industry Leaders Accelerating Growth in the Needle Market?
Major companies operating in the needle market are:
• Johnson & Johnson_x000D_
• Siemens AG_x000D_
• Thermo Fisher Scientific Inc._x000D_
• Abbott Laboratories_x000D_
• Medtronic PLC_x000D_
Which Current Trends Are Having the Most Impact on the Needle Market?
Leading firms in the needle market are shifting their focus towards the invention of groundbreaking solutions like top-notch conventional transbronchial needles, in a bid to revolutionize minimally invasive diagnostics. These state-of-the-art conventional transbronchial needles serve as advanced medical tools during bronchoscopy procedures to obtain lung tissue samples or those from nearby structures. Back in September 2023, a US-based medical equipment manufacturer Broncus Medical Inc., launched the BIOSTAR that showcases cutting-edge conventional transbronchial needle aspiration (cTBNA) and endobronchial ultrasound (EBUS) TBNA (EBUS-TBNA) needles, reshaping minimally invasive diagnostic techniques. The ground-breaking design of these needles exceeds the diagnostic accuracy, sample sufficiency, and sensitivity of traditional methods, specifically in lung cancer staging and sarcoidosis diagnosis. Needle sizes on offer are 25G, 22G, 21G, and 19G and the size affects sample volume, blood aspiration, sample quality, and diagnostic yield. The needles from BIOSTAR present a notable progression in minimally invasive diagnostic processes, thereby improving patient care and diagnostic results.
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What Are the Key Components of the Needle Market, and How Do Its Segments Perform?
The needle market covered in this report is segmented –
1) By Type: Conventional Needles, Safety Needles
2) By Material: Stainless Steel Needles, Plastic Needles, Glass Needles, Peek Needles
3) By Application: Surgical Suture Needles, Pen Needles In Diabetes, Blood Collection Needles, Ophthalmic Procedure Needles, Dentistry Needles, Insufflation Needles, Other Needles
4) By End User: Hospital, Clinics, Diagnostic Centers, Research Institutions, Home-Based Care, Other End Users
Subsegments:
1) By Conventional Needles: Hypodermic Needles, Intravenous (Iv) Needles, Insulin Needles, Blood Collection Needles
2) By Safety Needles: Safety Hypodermic Needles, Safety Insulin Needles, Safety Blood Collection Needles, Auto-Disable Safety Needles
Which Regions Are Key Players in the Growth of the Needle Market?
North America was the largest region in the needle market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the needle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Definition of the Needle Market Impacting Future Growth?
Needles are slender, pointed instruments used in medical procedures for various purposes, including injections, blood collection, fluid aspiration, and tissue sampling. They consist of a hollow tube attached to a hub, which connects to a syringe or other medical device.
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