Discover trends, market shifts, and competitive outlooks for the needle industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Needle Market Expected to Grow Between 2025 And 2029?

In the past few years, the needle market has seen robust growth. Its value is projected to rise from $8.21 billion in 2024 to $8.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.3%. The past growth trends in this market have been fueled by factors such as rising incidence of chronic illnesses, immunization initiatives, surgical operations, and governmental policies.

Predictions for the needle market size indicate robust expansion in the forthcoming years, with the market projected to reach $12.09 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.0%. The growth expected during the forecast period may be attributed to the surge in chronic diseases, broader vaccination programs, a rising demand for self-administration devices, government-backed healthcare accessibility, and an upward trend in healthcare spending. Key trends expected to dominate the forecast period include technological progression, safety feature incorporation, use of biodegradable and smart needles, needle customization, personalized needles, and the advent of remote healthcare.

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Which Factors and External Forces Are Driving Demand in the Needle Market?

The needle market’s expansion is predicted to be boosted by the escalating number of ambulatory surgical centers. These centers, known as ASCs, are specialized medical facilities focusing on performing outpatient surgical procedures, thereby eliminating the requirement for patients to stay in the hospital overnight. The technological advancements, growing demand for outpatient procedures, and the allure of specialized healthcare are leading to a global increase in ambulatory surgical centers. Needles play a critical role in these centers, as they are used in various procedures such as injections, suturing, and tissue sampling, as well as in administering medication, drawing blood, and ensuring accurate wound closure. For instance, a report by Olympus America Inc., an American medical technology organization, revealed that in July 2023, the number of ASCs grew from 6,109 the previous year to 6,223, forecasting a growth rate of 12% over the ensuing five years. Consequently, the escalating number of ASCs is fueling the growth of the needle market.

Which Primary Segments of the Needle Market Are Driving Growth and Industry Transformations?

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

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What Are the Fastest-Growing Geographies in 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.

Which Cutting-Edge Market Trends Are Expected to Drive the Needle Market’s Growth?

Leading corporations in the needle market are prioritizing the development of innovative products such as state-of-the-art conventional transbronchial needles, aiming to revolutionize the area of minimally invasive diagnostic methods. These high-tech conventional transbronchial needles are intricate medical devices used during bronchoscopy procedures to extract tissue samples from lungs or bordering structures. For example, in September 2023, Broncus Medical Inc., a medical device manufacturer based in the US, launched the BIOSTAR, a set of cutting-edge conventional transbronchial needle aspiration (cTBNA) and endobronchial ultrasound (EBUS) TBNA (EBUS-TBNA) needles, providing a groundbreaking leap in minimally invasive diagnostic techniques. These unique needle designs offer improved diagnostic precision, adequacy of the sample, and sensitivity when compared to traditional methods, specifically in the diagnosis and staging of lung cancer and sarcoidosis. The needle sizes available are 25G, 22G, 21G, and 19G, with the size determining the sample volume, blood aspiration, sample quality, and diagnostic yield. The BIOSTAR needles signify a substantial enhancement in minimally invasive diagnosis, improving patient management and diagnosis results.

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What Parameters Are Used to Define the Needle Market?

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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