Needles Market To Reach $20.19 Billion By 2030 | CAGR: 6.6%

Needles Market Growth & Trends

The global needles market size is expected to reach USD 20.19 billion by 2030, registering a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising awareness regarding blood donation along with extensive R&D to develop advance needle technology with maximum safety and precision is expected to contribute to the market expansion in the years to come. The conventional needles segment led the global needle market in 2017, in terms of revenue share.

The safety needles segment is expected to witness the fastest CAGR during the forecast period due to reduced risk of needle stick injuries. Blood collection needles segment held a significant share of the global market in 2017 due to increasing awareness about blood donation and stringent regulations on blood screening. For instance, tests, such as Nucleic Acid Amplification Test (NAT) and ELISA, are mandatory in European countries including France, Germany, Spain, Italy, U.K., and Switzerland.

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Needles Market Report Highlights

• Based on type, the conventional needles segment dominated the global industry and accounted for a revenue share of 71.8% in 2023.

• Based on product,  the pen needle segment accounted for the largest revenue share in 2023. The increasing number of new cases of diabetes drives the market growth and demand for a variety of insulin pen needles with different widths and lengths.

• Based on raw material, the stainless steel segment dominated the global industry in 2023. This segment's growth is attributed to stainless steel's properties, such as corrosion resistance, high biocompatibility, ability to withstand the pressure and force applied during injections, and ability to be easily sterilized and used for various methods.

• Based on delivery mode,the hypodermic delivery mode held the largest revenue share of the global market in 2023. The market is driven by the increasing cases of chronic diseases such as diabetes and the development of needles that work with powerful injection technology and can handle high pressures.

• Europe needles market dominated the global market with a revenue share of 34.9% in 2023. 

Needles Market Segmentation

Grand View Research has segmented the global needles market on the basis of on type, product, delivery mode, raw material, and region:

Needles Market Type Outlook (Revenue, USD Million, 2018 - 2030)

• Conventional Needles

• Safety Needles

Needles Market Product Outlook (Revenue, USD Million, 2018 - 2030)

• Pen Needles

• Suture Needles

• Blood collection Needles

• Dental Needles

• Ophthalmic Needles

• Others

Needles Market Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Hypodermic

• Intravenous

• Intramuscular

• Others

Needles Market Raw Material Outlook (Revenue, USD Million, 2018 - 2030)

• Stainless Steel

• Glass

• Others

Needles Market Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

• Middle East and Africa (MEA)

  • Saudi Arabia

  • Kuwait

  • UAE

  • South Africa

List of Key Players in the Needles Market

• BD

• Stryker

• Medtronic

• Ethicon (Johnson & Johnson Services, Inc.)

• Thermo Fisher Scientific Inc.

• Boston Scientific Corporation

• Novo Nordisk A/S

• ICU Medical, Inc. (Smiths Medical, Inc.)

• Hilgenberg GmbH

• Fresenius SE & Co. KGaA