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Disposable Puncture Needle Market Size, Share, Growth, and Industry Analysis, By Type (Biopsy Needle, Injection Needle, Drainage Needle), By Application (Hospital and Ambulatory Surgery Center) and Regional Forecast to 2033
Region: Global | Format: PDF | Report ID: PMI1825 | SKU ID: 26450790 | Pages: 130 | Published : March, 2024 | Base Year: 2024 | Historical Data: 2020 - 2023
DISPOSABLE PUNCTURE NEEDLE MARKET REPORT OVERVIEW
The Disposable Puncture Needle Market, valued at USD 0.10 billion in 2024, is forecasted to grow consistently, reaching USD 0.11 billion in 2025 and ultimately hitting USD 0.25 billion by 2033, at a steady CAGR of 11.4% from 2025 to 2033.
A disposable puncture needle is a scientific device used for treatments that encompass draining fluids, blood sampling, and pill management. Needles are usually made from chrome steel or plastic and are available in unique sizes. It has far made to be used as speedy as feasible after which discarded to keep away from spreading contamination. Those disposable needles are available in ready-to-use and sterilized conditions they are rapidly replacing the age-antique glass needles. In evaluation to traditional needles, disposable puncture needles are way inexpensive and do not require any protection.
The disposable puncture needle market has witnessed substantial growth due to its numerous applications and increasing demand in the medical sector. This market is smoothly driven by a robust process of smooth functioning in the medical industry as well as driven due to technological advancements and environmental awareness.
COVID-19 Impact
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic has channelized the demand for disposable puncture needles as there has been a dire need for checking out needles as they were used for collecting blood samples. Although, there had been regulations on underlying scientific conditions, ordinary medical tactics together with blood exams, intravenous remedies and other diagnostic checks have continued. Similarly, rising demand for disposable puncture needles make sure that affected person is protected and contamination is not occurred but meticulously managed.
LATEST TRENDS
"Increasing Adoption of the Prefilled Syringe System To Propel The Market Growth"
Pre-filled needles are a sort of number one packaging device that is pre-loaded with a specific dose of parenteral medicinal drug, casting off the want for guide filling. These pre-filled needles provide numerous advantages which include convenient utilization, dose precision, decreased threat of infection, and minimal drug wastage. Pre-filled needles are used widely in therapeutic sectors, as they help increase product lifespan. Dosing errors are reduced due to the pre-measured dosage-filled needles. This improved innovation is increasing the adoption across the medical industry, further help boosting the market growth.
DISPOSABLE PUNCTURE NEEDLE MARKET SEGMENTATION
By Type
Based on type the market can be categorized into biopsy needle, injection needle, and drainage needle.
- Biopsy Needle: Obtaining a sample of tissue or fluid from an individual body for examination under a microscope is done with the help biopsy needle. quality-needle aspiration and middle needle biopsy are commonplace needle biopsy approaches. Fluid samples or tissue are taken from muscle businesses, bones, and particular organs which incorporate the lungs or liver with the assistance of needle biopsy.
- Injection Needle: To deliver medications, fluids, or other substances into the body injection needles are used. Injection needles come in various sizes depending on how much medication is needed, body size, and whether the drug needs to be injected into a muscle or under the skin.
- Drainage Needle: Drainage needles are used to remove fluids or gases from the body. they are normally used in thoracentesis wherein fluid is drained from the chest hollow space. these drainage needles also are used to eliminate fluid from the abdominal hollow space in paracentesis. They can also be used to do away with other harmful fluid collections inside the frame.
By Application
Based on application the market can be categorized into hospital and ambulatory surgery centers.
- Hospital: Hospitals provide a wide range of medical facilities including emergency services, and surgical diagnostics. To provide these facilities disposable needles play a vital role within hospitals. Disposable puncture needles are used to puncture and extract small cysts from various organs without causing damage to the skin.
- Ambulatory Surgery Center: Ambulatory Surgery Center provides surgery and diagnostic procedures without an overnight stay. These procedures are typically simpler and minimally invasive.
DRIVING FACTORS
"Advanced Micro-needle Arrays for Painless Injections is Driving Market Growth"
Microneedle is a medical device that consists of needles that are microns in size usually arranged on a small patch. Microneedle is a painless method of handing over actives across the pores and skin that is riding the disposable puncture needle market growth. These microneedles do not attain the nerves that reason pain they could simply penetrate via the top layer of the skin.
Microneedles are a precise and controlled way to deliver medications directly through the upper layer of the skin. This helps in offering more effective delivery of medications bypassing barriers to the skin’s outer layer or the digestive system. This use of microneedles further fortifies the value of these features, fostering the adoption and thereby driving the expansion of the market.
"One-Time Use Policy and Technological Advancement Propelling Market Growth"
Many healthcare centers now require the use of disposable medical devices, like needles, to prevent the spread of infections. This single-use policy highlights the need to use throwaway needles just once, which has greatly increased demand for these products and helped the disposable puncture needle market grow. Healthcare facilities are prioritizing patient safety and infection control, leading them to invest in high-quality disposable needles, further driving market expansion.
New needle designs with ultra-thin walls, precision tips, and ergonomic shapes are improving patient comfort and healthcare provider satisfaction. These technological advances address key concerns like pain reduction, ease of use, and needle stick prevention, driving the adoption of disposable puncture needles in healthcare settings. Furthermore, the availability of these advanced needles encourages healthcare facilities to upgrade their inventory, contributing to market growth.
RESTRAINING FACTOR
"Improper Disposal can Cause Pollution and Hinder Market Growth"
It is important to observe that the environment and public health can most effectively be safeguarded if used needles are properly disposed of. They have a chance of releasing harmful chemical substances or substances into the soil, which can also affect the nearby ecosystems and groundwater when they're thrown away improperly. Also, these needles pose a grave danger to both humans and aquatic life if they find their way into water through either runoff or improper disposal of waste. This water contamination by dumped needles can result in vast ripple effects on the entire ecosystem including human well-being as well as damage to nature. Addressing these concerns is very crucial for ensuring market expansion.
DISPOSABLE PUNCTURE NEEDLE MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
"North America to Dominate the Market Due to the Growing Healthcare Industry"
North the United States has emerged to dominate the disposable puncture needle market share because of an aggregate of elements. North America has a well-hooked-up healthcare system and invests closely in healthcare, rising demand for medical supplies and devices. Emphasis on affected person protection, combined with growing attention to the dangers of needle reuse, has accelerated the demand for disposable puncture needles in healthcare centers across the place. Advancements and improvements in needle design, materials, and production techniques have in additionally fuelled the marketplace, with North American organizations maintaining these trends.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market Through Innovative Ideas"
Major companies help redefine the industry standards by innovating and developing new needle technologies. They prioritize following regulations and expand their reach by partnering strategically. They also promote sustainability, improve their brand reputation, and raise awareness about the benefits of disposable needles through marketing and education. Overall, the key players in this industry drive market growth by continually innovating, expanding their reach, ensuring regulatory compliance, and promoting sustainability in the disposable puncture needle market.
List of Market Players Profiled
- Merit Medical (U.S.)
- Medax (Italy)
- Izi Medical Products (U.S.)
- Hologic (U.S.)
- Moeller Medical (Germany)
- Geotek Medical Products (Turkey)
- Imex Medical Group (Brazil)
- Argon Medical Devices (Plano, TX)
- Stryker (U.S.)
- Remington Medical (U.S.)
INDUSTRIAL DEVELOPMENT
March 7 2024: Hindustan Syringes and Scientific Gadgets (HMD), a leading producer of disposable and AutoDisable (advert) syringes, has launched modern Dispojekt syringes with protection needles. The company has invested massive capital in the first phase of manufacturing and ambitions to capture 60-70% of the marketplace percentage within the next 3 years, in keeping with senior control. the brand-new product objectives are to lessen the prevalence of unintentional Needle Stick accidents (NSIs) amongst healthcare people, decrease infection management and disposal prices, and offer long-term effective economic advantages for the healthcare sector.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global disposable puncture needle market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.
This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.
Attributes | Details |
---|---|
Historical Year |
2020 - 2023 |
Base Year |
2024 |
Forecast Period |
2025 - 2033 |
Forecast Units |
Revenue in USD Million/Billion |
Report Coverage |
Reports Overview, Covid-19 Impact, Key Findings, Trend, Drivers, Challenges, Competitive Landscape, Industry Developments |
Segments Covered |
Types, Applications, Geographical Regions |
Top Companies |
Merit Medical, Medax, Izi Medical Products |
Top Performing Region |
North America |
Regional Scope |
|
Frequently Asked Questions
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What value is the Disposable Puncture Needle Market expected to touch by 2033?
The Disposable Puncture Needle Market is expected to reach USD 0.25 billion by 2033.
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What CAGR is the Disposable Puncture Needle Market expected to exhibit by 2033?
The Disposable Puncture Needle Market is expected to exhibit a CAGR of 11.4% by 2033.
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What are the driving factors of the Disposable puncture needle market?
Advanced micro-needle arrays for painless injections, one-time use policy, and technological advancement are some of the driving factors of the market.
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What are the key Disposable puncture needle market segments?
The key market segmentation that you should be aware of, includes, based on type the disposable puncture needle market is classified as a biopsy needle, injection needle, and drainage needle. Based on application disposable puncture needle market is classified as hospital and ambulatory surgery centers.
Disposable Puncture Needle Market
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