Detained Needle Market Size 2031 | Drivers and Opportunities
The Detained Needle Market is expected to register a CAGR of 6.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Arterial Cannula, Intravenous Catheters, Others). The report is segmented by End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs)). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Detained Needle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Detained Needle Market Segmentation
Type- Arterial Cannula
- Intravenous Catheters
- Others
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Strategic Insights
Detained Needle Market Growth Drivers- Advancements in Needle Technology: For instance, safety-engineered needles and smart delivery systems add safety and comfort to patient care. They prevent possible needle-stick injuries as well as provide proper dosing, hence being recommended among health professionals. In general, with advancement in technology, newer safer alternatives may become more popular.
- Rising Awareness of Infection Control: There is an increased awareness of infection control practices not only by the healthcare provider but also by the patients who now demand detained needles. Safety features that prevent injuries and reduce risks of contamination are becoming important. This increased focus on safety in clinical settings is driving the market forward, with greater emphasis placed on protection at stake.
- Increased Incidence of Chronic Diseases: Chronic conditions that include diabetes and heart problems have become more common. With this, there will be a higher demand for needles-based treatments. Thereby, the detained needle is in high demand in order to increase market growth in the treatment of injected drugs to patients. To reduce the risk of hospital acquired infections, healthcare professionals provide effective and safe drug delivery systems.
- Integration of Digital Technologies: The integration of digital technology into healthcare is a recent trend. Smart needles connect to mobile apps for tracking and monitoring medication delivery. Thus, this trend enhances the engagement and adherence of the patient, creating a surge in demand for technologically advanced detained needle products.
- Focus on Needle Safety Features: In recent times, safety features have become integral to needle design, such as retractable mechanisms and shielded tips. These innovations have aimed at preventing accidental needle-stick injuries and have made the clinical environment more safe. The more conscious the world becomes of its risk, the more there will be a demand for safer needle solutions.
- Patient-Centric Solutions: The healthcare sector is adopting a more patient-centric approach towards treatments. The move requires manufacturers to design needles that are more amiable and easy to use on the patients. These factors like design ergonomics and options with little pain influence the producers to focus more on the delivery experience for patients.
- Emerging Markets: The detained needle market will also provide substantial growth opportunities in the developing regions. Improved health infrastructure and increased accessibility to medical care will also raise demand for safe injection practices. Companies can cash in on this trend by offering niche solutions that cater to the specific requirements of a particular region as well as the requirements of its regulatory regime.
- Personalized Medicine: Needles are going to be much more of a targeted product in the market of personalized medicines. Dosing and administration will go very well for the patients due to such personalization provided by the application of custom-made needles. Companies able to move ahead of the curve in this respect are better positioned with the new paradigm to take off toward what is properly required in terms of patient support, given the proper application of needle technology.
- Telemedicine Growth: Telemedicine is changing the way healthcare is practiced, and therefore, there is a need for at-home injection solutions. Patients will be looking for easy devices that make self-administration possible. This trend has opened an opportunity for companies to develop user-friendly detained needles catering to the rising telehealth sector.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Detained Needle Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Detained Needle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Intravenous Catheters segment, by type, dominated the market in 2023.
Players operating in the market are Medtronic, HAKKO CO. LTD., BD, Nipro Medical Corporation, Togo Medikit, Suru International, Deltamed, B. Braun Melsungen AG, Terumo Corporation, Improve Medical Instruments
North America region dominated the Detained Needles market in 2023.
The Detained Needle Market is estimated to witness a CAGR of 6.8% from 2023 to 2031
The major factors driving the Detained Needles market are:
1. Advancements in Needle Technology
2. Rising Awareness of Infection Control
Personalized Medicine act as a opportunity for growth of the market in forecast period.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Detained Needle Market - By Type
1.3.2 Detained Needle Market - By End User
1.3.3 Detained Needle Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DETAINED NEEDLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DETAINED NEEDLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DETAINED NEEDLE MARKET - GLOBAL MARKET ANALYSIS
6.1. DETAINED NEEDLE - GLOBAL MARKET OVERVIEW
6.2. DETAINED NEEDLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DETAINED NEEDLE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ARTERIAL CANNULA
7.3.1. Overview
7.3.2. Arterial Cannula Market Forecast and Analysis
7.4. INTRAVENOUS CATHETERS
7.4.1. Overview
7.4.2. Intravenous Catheters Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. DETAINED NEEDLE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS (ASCS)
8.5.1. Overview
8.5.2. Ambulatory Surgical Centers (ASCs) Market Forecast and Analysis
9. DETAINED NEEDLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Detained Needle Market Overview
9.1.2 North America Detained Needle Market Forecasts and Analysis
9.1.3 North America Detained Needle Market Forecasts and Analysis - By Type
9.1.4 North America Detained Needle Market Forecasts and Analysis - By End User
9.1.5 North America Detained Needle Market Forecasts and Analysis - By Countries
9.1.5.1 United States Detained Needle Market
9.1.5.1.1 United States Detained Needle Market by Type
9.1.5.1.2 United States Detained Needle Market by End User
9.1.5.2 Canada Detained Needle Market
9.1.5.2.1 Canada Detained Needle Market by Type
9.1.5.2.2 Canada Detained Needle Market by End User
9.1.5.3 Mexico Detained Needle Market
9.1.5.3.1 Mexico Detained Needle Market by Type
9.1.5.3.2 Mexico Detained Needle Market by End User
9.2. EUROPE
9.2.1 Europe Detained Needle Market Overview
9.2.2 Europe Detained Needle Market Forecasts and Analysis
9.2.3 Europe Detained Needle Market Forecasts and Analysis - By Type
9.2.4 Europe Detained Needle Market Forecasts and Analysis - By End User
9.2.5 Europe Detained Needle Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Detained Needle Market
9.2.5.1.1 Germany Detained Needle Market by Type
9.2.5.1.2 Germany Detained Needle Market by End User
9.2.5.2 France Detained Needle Market
9.2.5.2.1 France Detained Needle Market by Type
9.2.5.2.2 France Detained Needle Market by End User
9.2.5.3 Italy Detained Needle Market
9.2.5.3.1 Italy Detained Needle Market by Type
9.2.5.3.2 Italy Detained Needle Market by End User
9.2.5.4 Spain Detained Needle Market
9.2.5.4.1 Spain Detained Needle Market by Type
9.2.5.4.2 Spain Detained Needle Market by End User
9.2.5.5 United Kingdom Detained Needle Market
9.2.5.5.1 United Kingdom Detained Needle Market by Type
9.2.5.5.2 United Kingdom Detained Needle Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Detained Needle Market Overview
9.3.2 Asia-Pacific Detained Needle Market Forecasts and Analysis
9.3.3 Asia-Pacific Detained Needle Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Detained Needle Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Detained Needle Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Detained Needle Market
9.3.5.1.1 Australia Detained Needle Market by Type
9.3.5.1.2 Australia Detained Needle Market by End User
9.3.5.2 China Detained Needle Market
9.3.5.2.1 China Detained Needle Market by Type
9.3.5.2.2 China Detained Needle Market by End User
9.3.5.3 India Detained Needle Market
9.3.5.3.1 India Detained Needle Market by Type
9.3.5.3.2 India Detained Needle Market by End User
9.3.5.4 Japan Detained Needle Market
9.3.5.4.1 Japan Detained Needle Market by Type
9.3.5.4.2 Japan Detained Needle Market by End User
9.3.5.5 South Korea Detained Needle Market
9.3.5.5.1 South Korea Detained Needle Market by Type
9.3.5.5.2 South Korea Detained Needle Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Detained Needle Market Overview
9.4.2 Middle East and Africa Detained Needle Market Forecasts and Analysis
9.4.3 Middle East and Africa Detained Needle Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Detained Needle Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Detained Needle Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Detained Needle Market
9.4.5.1.1 South Africa Detained Needle Market by Type
9.4.5.1.2 South Africa Detained Needle Market by End User
9.4.5.2 Saudi Arabia Detained Needle Market
9.4.5.2.1 Saudi Arabia Detained Needle Market by Type
9.4.5.2.2 Saudi Arabia Detained Needle Market by End User
9.4.5.3 U.A.E Detained Needle Market
9.4.5.3.1 U.A.E Detained Needle Market by Type
9.4.5.3.2 U.A.E Detained Needle Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Detained Needle Market Overview
9.5.2 South and Central America Detained Needle Market Forecasts and Analysis
9.5.3 South and Central America Detained Needle Market Forecasts and Analysis - By Type
9.5.4 South and Central America Detained Needle Market Forecasts and Analysis - By End User
9.5.5 South and Central America Detained Needle Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Detained Needle Market
9.5.5.1.1 Brazil Detained Needle Market by Type
9.5.5.1.2 Brazil Detained Needle Market by End User
9.5.5.2 Argentina Detained Needle Market
9.5.5.2.1 Argentina Detained Needle Market by Type
9.5.5.2.2 Argentina Detained Needle Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL DETAINED NEEDLE MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. DETAINED NEEDLE MARKET, KEY COMPANY PROFILES
12.1. MEDTRONIC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HAKKO CO.,LTD.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. NIPRO MEDICAL CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SMITHS MEDICAL
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. TOGO MEDIKIT
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SURU INTERNATIONAL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. DELTAMED
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. B. BRAUN MELSUNGEN AG
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TERUMO CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
12.11. IMPROVE MEDICAL INSTRUMENTS
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Medtronic
2. HAKKO CO., LTD.
3. BD
4. Nipro Medical Corporation
5. Togo Medikit
6. Suru International
7. Deltamed
8. B. Braun Melsungen AG
9. Terumo Corporation
10. Improve Medical Instruments
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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