Industry Background:
IV needles are determined by gauges, and the smaller the number of gauges, the bigger the needle. Some of the features of intravenous needles products are large flow rate, short intravenous catheter with medication port, protection against accidental contact with blood, among others. Increasing usage of Intravenous Needles in various application and rising disposal income in middle-class families are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Medtronic PLC (Ireland), Thermo Fisher Scientific Inc. (United States), Cook Medical (United States), Becton, Dickinson and Company (United States), Pfizer Inc. (United States), Fresenius Medical Care AG & Co. KGaA (Germany), B. Braun Melsungen AG (Germany), Smiths Medical, Inc. (United States), Baxter International Inc. (United States) and Teleflex Incorporated (United States) |
This growth is primarily driven by Growing Geriatric Population and Increasing Demand for Vaccines and Rising awareness and Increasing Disposal Income in Developing Countries.
Globally, a noticeable market trend is evident Rising Number of Customer from Online Channel Major Players, such as Medtronic PLC (Ireland), Thermo Fisher Scientific Inc. (United States), Cook Medical (United States), Becton, Dickinson and Company (United States), Pfizer Inc. (United States), Fresenius Medical Care AG & Co. KGaA (Germany), B. Braun Melsungen AG (Germany), Smiths Medical, Inc. (United States), Baxter International Inc. (United States) and Teleflex Incorporated (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global intravenous needles market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Key Developments in the Market:
In May 2022, Medtronic plc, a global leader in healthcare technology, today announced that it has completed the acquisition of Intersect ENT, expanding the company's comprehensive ear, nose, and throat (ENT) portfolio with innovative products used in sinus procedures to improve post-operative outcomes and to treat nasal polyps.
In October 2021, Medtronic announces a first-of-its-kind Regional Open Innovation Platform in APAC to advance the future of healthcare technologies, today announced the launch of the Medtronic Open Innovation Platform (OIP) for APAC. The OIP will bring strategic collaboration in healthcare technologies from various innovators across the Asia Pacific and several stakeholders across the healthcare ecosystem through capability development and business organizations networking in the areas of medical technology and digital health
Regulatory Insights:
In December 2021, the White House Office of National Drug Control Policy (ONDCP) announced the release of a model law for states to help expand access to syringe services programs (SSPs). These programs have a proven track record of reducing disease, increasing access to addiction treatment, improving public safety, and reducing costs. However, the availability of these programs is limited in many areas and some programs are hampered by outdated legislation. The release of this model law comes at a critical time when overdose deaths have reached a record high, and gives states a tool to help prevent overdoses.
Intravenous Needles Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Geriatric Population and Increasing Demand for Vaccines
- Rising awareness and Increasing Disposal Income in Developing Countries
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Influencing Trends | - Rising Number of Customer from Online Channel
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Restraints | - Rising Needlestick Injuries as well as Infections
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Gaps & Opportunities | - Growing Demand from Emerging Economies, including China, India, among others
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Intravenous Needles Market
- Analysis about New Entrants in Intravenous Needles Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Intravenous Needles Study Sheds Light on
The Intravenous Needles Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Intravenous Needles industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Intravenous Needles industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.