The butterfly needles market is expected to grow from US$ 1,78,164 thousand in 2021 to US$ 3,09,647 thousand by 2028; it is estimated to grow at a CAGR of 8.3% from 2022 to 2028.
Butterfly needles are devices used for drawing blood or administering medications in veins. Patients who may be difficult to venipuncture, such as older adults, infants, and children, are often given butterfly needles. A butterfly needles is also known as a winged infusion set or a scalp vein set, as it has plastic wings on either side of the hollow needle. With their winged tubing structure, which allows greater flexibility, butterfly needles are much easier to use and less painful. Additionally, butterfly needles are commonly used to draw blood or administer medication for babies, young children, and the elderly.
Market Insights
Increasing Organic and Inorganic Strategies by Key Players
The key butterfly needles market players are taking up various organic and inorganic strategies, including mergers and acquisitions, expansions, and new product launches, to stay competitive.
- In January 2022, ICU Medical Inc. acquired Smiths Medical from Smiths Group plc. The Smiths Medical business includes syringes, ambulatory infusion devices, and vascular access and vital care products. The company offers Saf-T Wing butterfly needles, a single-use needle for drawing blood from venous. ICU Medical has become a leading infusion therapy company with a larger global footprint after adding the Smiths product line to its portfolio.
- In October 2020, Nipro Corporation announced that its consolidated subsidiary Nipro Medical Europe NV, established Nipro Medical Morocco in the Kingdom of Morocco, in Northern Africa, to sell Nipro medical devices. Nipro Corporation is a medical equipment manufacturing company that offers a wide range of butterfly needles. This expansion will help promote the butterfly needles market in North Africa.
- In June 2020, Becton Dickinson Benelux NV launched BD Vacutainer UltraTouch Push Button Blood Collection Set with Pre-Attached Holder. A pre-attached holder prevents accidental needlestick injury due to the nonpatient (tube-side) needle and helps ensure compliance with OSHA's single-use holder requirements.
Thus, many organic and inorganic strategies in the butterfly needles market enable healthcare professionals to provide improved services. These strategies help key players meet the rising demand for butterfly needles that can efficiently manage patients suffering from chronic disease conditions.
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Butterfly needles Market: Strategic Insights
Market Size Value in US$ 1,78,164 Thousand in 2021 Market Size Value by US$ 3,09,647 thousand by 2028 Growth rate CAGR of 8.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Butterfly needles Market: Strategic Insights
| Market Size Value in | US$ 1,78,164 Thousand in 2021 |
| Market Size Value by | US$ 3,09,647 thousand by 2028 |
| Growth rate | CAGR of 8.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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In the past several decades, countries in the Middle East & Africa have strengthened their health systems and upgraded public and commercial healthcare. However, the limited availability of resources—including trained staff and medical equipment—and the burden of noncommunicable diseases harm the overall healthcare system in the region. In 2020, the COVID-19 pandemic significantly impacted the delivery and accessibility of social services, education, health and nutrition, healthcare spending, and well-being and development-related businesses in the Middle East & Africa. Due to the region's dependence on trade and tourism and struggles with substantial youth unemployment, the global crisis led to serious long-term effects on the region. Governments in the Middle East & Africa allocated funds to prevent the overburdening of their health systems and decelerate the spread of COVID-19; a few countries also emphasized on increasing the number of intensive care units and hospital beds
Further, according to a report in November 2020 by Organization for Economic Co-operation and Development (OECD), the report says that prevention and treatment services for cardiovascular disease, cancer, and diabetes have been severely disrupted since the pandemic began. Additionally, in September 2021, the American College of Cardiology reported that diagnostic cardiovascular procedures declined an average of 47% in Asia in March 2020 compared to March 2019. The decline in the region was severe among all low-income countries, and some Asian countries even saw an 80% decline. According to a report, “COVID-19 and older people in Asia Pacific: 2020 in review”, Asia Pacific accounted for the highest number of older people's death during COVID-19 in all countries. Thus, there has been a negative impact on the butterfly needles market during the first quarter of the COVID-19 period due to the lockdown and limited access to healthcare-related settings. However, post-COVID, there has been a high demand for butterfly needles owing to the rising demand for cardiovascular disease, cancer, and diabetes treatment that contributes to the butterfly needles market’s future growth.
Application Insights
Based on application, the global butterfly needles market is divided into blood collection, blood transfusion, venipuncture, IV rehydration, and delivery of medications. The blood collection segment held the largest share of the butterfly needles market in 2021 and is expected to grow at the highest CAGR during the forecast period. The major driving factors for the segment's growth are the blood donation camps and key players' contributions to promote the butterfly needles market growth for the segment.
End User Insights
Based on end user, the butterfly needles market is segmented into hospitals, clinics, diagnostics laboratories, academic and research institutes, and others. The hospitals segment held the largest share of the market in 2021. The rise in chemotherapy, the increase in the number of hospitals, and the rise in surgical procedures for various CVDs across the globe are driving the hospitals segment of the global butterfly needles market.
Inorganic developments such as mergers and acquisitions are highly adopted strategies by companies in the Butterfly needles Market. A few of the recent key market developments are listed below:
- In January 2022, ICU Medical Inc. acquired Smiths Medical from Smiths Group plc. The Smiths Medical business includes syringes, ambulatory infusion devices, vascular access, and vital care products.
- In October 2020, Nipro’s consolidated subsidiary Nipro Medical Europe N.V. established the local subsidiary Nipro Medical Morocco in the Kingdom of Morocco, located in the northwestern part of North Africa, to engage in sales of Nipro medical devices. The new sales subsidiary started operations on October 1, 2020.
- In June 2020, Becton Dickinson Benelux N.V. launched BD Vacutainer UltraTouch Push Button Blood Collection Set with Pre-Attached Holder. A pre-attached holder prevents accidental needlestick injury due to the nonpatient (tube-side) needle and helps ensure compliance with OSHA's single-use holder requirement.
Butterfly Needles Market Report Scope
Company Profiles
- Braun Melsungen AG
- Becton, Dickinson And Company
- Nipro Corporation
- Cardinal Health, Inc
- Medline Industries, Inc.
- Terumo Corporation
- Kawasumi Laboratories, Inc
- IUC Medical
- ISO-MED Inc
- Vogt Medical Vertrieb Gmbh
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global butterfly needles based on regions is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In 2021, the North American area held the largest market share. However, the Asia Pacific region is estimated to grow at the fastest CAGR of 9.1% during the forecast period
The global butterfly needles based on the application are segmented into blood collection, blood transfusion, venipuncture, IV rehydration, and delivery of medications. The blood collection segment held the largest share of the market in 2021 and is expected to grow at the highest CAGR during the forecast period.
The butterfly needles majorly consist of the players, such as B. Braun SE, Becton Dickinson and Co, Nipro Corp, Cardinal Health Inc, Medline Industries Inc, Terumo Corp, SB-Kawasumi Laboratories Inc, ICU Medical Inc, ISO-MED Inc, and Vogt Medical Vertrieb GmbH among others.
Risks associated with butterfly needlestick injuries are expected to restrict the butterfly needles market growth during the forecast period.
The factors driving the growth of butterfly needles are increasing prevalence of chronic diseases and advantages of butterfly needles over straight needles.
Butterfly needle also called as winged infusion set or a scalp vein set is used to access a vein to draw blood or give medications. The advantages of butterfly needless over straight needle are that it allows for more precise placement, particularly in hard-to-access veins. Growth of the global butterfly needless market is majorly driven by rise in prevalence of chronic diseases and advantages of butterfly needless over straight needles. However, risk associated with butterfly needlestick injuries is hampering market growth.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Butterfly Needles Market – by Application
1.3.2 Global Butterfly Needles Market – by End User
1.3.3 Global Butterfly Needles Market – by Geography
2. Butterfly Needles Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Butterfly Needles Market – 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 South & Central America PEST Analysis
4.2.5 Middle East & Africa PEST Analysis
4.3 Expert’s Opinion
5. Butterfly Needles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Prevalence of Chronic Diseases
5.1.2 Advantages of Butterfly Needles over Straight Needles
5.2 Market Restraints
5.2.1 Risk Associated with Butterfly Needlestick Injuries
5.3 Market Opportunities
5.3.1 Increasing Cancer Research Globally
5.4 Future Trends
5.4.1 Increasing Organic and Inorganic Strategies by Key Players
5.5 Impact Analysis
6. Butterfly Needles Market – Global Analysis
6.1 Global Butterfly Needles Market Revenue Forecast and Analysis
6.2 Global Butterfly Needles Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Butterfly Needles Market – Revenue and Forecast to 2028 – by Application
7.1 Overview
7.2 Global Butterfly Needles Market, by Application 2021 & 2028 (%)
7.3 Blood Collection
7.3.1 Overview
7.3.2 Blood Collection: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Blood Transfusion
7.4.1 Overview
7.4.2 Blood Transfusion: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.5 Venipuncture
7.5.1 Overview
7.5.2 Venipuncture: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.7 IV Rehydration
7.7.1 Overview
7.7.2 IV Rehydration: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
7.8 Delivery of Medications
7.8.1 Overview
7.8.2 Delivery of Medications: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8. Global Butterfly Needles Market – Revenue and Forecast to 2028 – by End User
8.1 Overview
8.2 Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Blood Banks
8.5.1 Overview
8.5.2 Blood Banks: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9. Butterfly Needles Market – Revenue and Forecast to 2028 – Geographic Analysis
9.1 North America: Butterfly Needles Market
9.1.1 Overview
9.1.2 North America: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.1.3 North America: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.1.4 North America: Butterfly Needles Market, by End user, 2019–2028 (US$ Thousand)
9.1.4.1 US: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.1.1 Overview
9.1.4.1.2 US: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.1.3 US: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.1.4 US: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.2 Canada: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.2.1 Overview
9.1.4.2.2 Canada: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.2.3 Canada: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.2.4 Canada: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.1.4.3 Mexico: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.3.1 Overview
9.1.4.3.2 Mexico: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.4.3.3 Mexico: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.1.4.3.4 Mexico: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.2 Europe: Butterfly Needles Market
9.2.1 Overview
9.2.2 Europe: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.3 Europe: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.2.4 Europe: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.2.5 Europe: Butterfly Needles Market, by Country, 2021 & 2028 (%)
9.2.5.1 Germany: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.1.1 Overview
9.2.5.1.2 Germany: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.1.3 Germany: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.2.5.1.4 Germany: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.2.5.2 UK: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.2.1 Overview
9.2.5.2.2 UK: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.2.3 UK: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.2.5.2.4 UK: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.2.5.3 France: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.3.1 Overview
9.2.5.3.2 France: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.3.3 France: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.2.5.3.4 France: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.2.5.4 Italy: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.4.1 Overview
9.2.5.4.2 Italy: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.4.3 Italy: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.2.5.4.4 Italy: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.2.5.5 Spain: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.5.1 Overview
9.2.5.5.2 Spain: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.5.3 Spain: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.2.5.5.4 Spain: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.2.5.6 Rest of Europe: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.6.1 Overview
9.2.5.6.2 Rest of Europe: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.2.5.6.3 Rest of Europe: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.2.5.6.4 Italy: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.3 Asia Pacific: Butterfly Needles Market
9.3.1 Overview
9.3.2 Asia Pacific: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.3 Asia Pacific: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.3.4 Asia Pacific: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.3.5 Asia Pacific: Butterfly Needles Market, by Country, 2021 & 2028 (%)
9.3.5.1 China: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.1.1 Overview
9.3.5.1.2 China: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.1.3 China: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.3.5.1.4 China Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.3.5.2 Japan: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.2.1 Overview
9.3.5.2.2 Japan: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.2.3 Japan: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.3.5.2.4 Japan: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.3.5.3 India: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.3.1 Overview
9.3.5.3.2 India: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.3.3 India: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.3.5.3.4 India: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.3.5.4 South Korea: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.4.1 Overview
9.3.5.4.2 South Korea: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.4.3 South Korea: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.3.5.4.4 South Korea: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.3.5.5 Australia: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.5.1 Overview
9.3.5.5.2 Australia: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.5.3 Australia: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.3.5.5.4 Australia: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.3.5.6 Rest of Asia Pacific: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.6.1 Overview
9.3.5.6.2 Rest of Asia Pacific: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.3.5.6.3 Rest of Asia Pacific: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.3.5.6.4 Rest of Asia Pacific: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.4 Middle East & Africa: Butterfly Needles Market
9.4.1 Overview
9.4.2 Middle East & Africa: Butterfly Needles Market - Revenue and Forecast to 2028 (US$ Thousand)
9.4.3 Middle East & Africa: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.4.4 Middle East & Africa: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.4.5 Middle East & Africa: Butterfly Needles Market, by Country, 2021 & 2028 (%)
9.4.5.1 South Africa: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.1.1 Overview
9.4.5.1.2 South Africa: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.1.3 South Africa: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.4.5.1.4 South Africa: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.4.5.2 Saudi Arabia: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.2.1 Saudi Arabia: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.2.2 Saudi Arabia: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.4.5.2.3 Saudi Arabia: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.4.5.3 UAE: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.3.1 UAE: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.3.2 UAE: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.4.5.3.3 UAE: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.4.5.4 Rest of Middle East & Africa: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.4.1 Rest of Middle East & Africa: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4.5.4.2 Rest of Middle East & Africa: Butterfly Needles Market, by Application, 2019–2028 (US$ Thousand)
9.4.5.4.3 Rest of Middle East & Africa: Butterfly Needles Market, by End User, 2019–2028 (US$ Thousand)
9.5 South & Central America: Butterfly Needles Market Revenue and Forecasts To 2028
9.5.1 Overview
9.5.2 South & Central America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.5.3 South & Central America: Butterfly Needles Market, by Application, 2019 – 2028 (US$ Thousand)
9.5.4 South & Central America: Butterfly Needles Market, by End User, 2019 – 2028 (US$ Thousand)
9.5.5 South & Central America: Butterfly Needles Market, by Country, 2021 & 2028 (%)
9.5.5.1 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.5.5.1.1 Overview
9.5.5.1.2 Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.5.5.1.3 Brazil: Butterfly Needles Market, by Application, 2019 – 2028 (US$ Thousand)
9.5.5.1.4 Brazil: Butterfly Needles Market, by End User, 2019 – 2028 (US$ Thousand)
9.5.5.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.5.5.2.1 Overview
9.5.5.2.2 Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.5.5.2.3 Argentina: Butterfly Needles Market, by Application, 2019 – 2028 (US$ Thousand)
9.5.5.2.4 Argentina: Butterfly Needles Market, by End User, 2019 – 2028 (US$ Thousand)
9.5.5.3 Rest of South & Central America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.5.5.3.1 Overview
9.5.5.3.2 Rest of South & Central America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
9.5.5.3.3 Rest of South & Central America: Butterfly Needles Market, by Application, 2019 – 2028 (US$ Thousand)
9.5.5.3.4 Rest of South & Central America: Butterfly Needles Market, by End User, 2019 – 2028 (US$ Thousand)
10. Impact of COVID-19 Pandemic on Butterfly Needles Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Global Butterfly Needles Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Butterfly Needle Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 B. Braun SE
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 Becton Dickinson and Co
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 Nipro Corp
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 Cardinal Health Inc
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 Medline Industries Inc
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 Terumo Corp
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 SB-Kawasumi Laboratories Inc
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 ICU Medical Inc
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 ISO- MED Inc
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 Vogt Medical Vertrieb GmbH
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 2. North America Butterfly Needles Market, by End user – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. US Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 4. US Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Canada Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Canada Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Mexico Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 8. Mexico Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 9. Europe Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 10. Europe Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Germany Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 12. Germany Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 13. UK Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 14. UK Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 15. France Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 16. France Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 17. Italy Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 18. Italy Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 19. Spain Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 20. Spain Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 21. Rest of Europe Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 22. Italy Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 23. Asia Pacific Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 24. Asia Pacific Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 25. China Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 26. China Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 27. Japan Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 28. Japan Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 29. India Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 30. India Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 31. South Korea Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 32. South Korea Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 33. Australia Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 34. Australia Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 35. Rest of Asia Pacific Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 36. Rest of Asia Pacific Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 37. Middle East & Africa Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 38. Middle East & Africa Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 39. South Africa Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 40. South Africa Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 41. Saudi Arabia Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 42. Saudi Arabia Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 43. UAE Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 44. UAE Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 45. Rest of Middle East & Africa Butterfly Needles Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 46. Rest of Middle East & Africa Butterfly Needles Market, by End User – Revenue and Forecast to 2028 (US$ Thousand)
Table 47. South & Central America: Butterfly Needles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand).
Table 48. South & Central America: Butterfly Needles Market, by End User– Revenue and Forecast to 2028 (US$ Thousand)
Table 49. Brazil: Butterfly Needles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 50. Brazil: Butterfly Needles Market, by End User– Revenue and Forecast to 2028 (US$ Thousand)
Table 51. Argentina: Butterfly Needles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 52. Argentina: Butterfly Needles Market, by End User– Revenue and Forecast to 2028 (US$ Thousand)
Table 53. Rest of South & Central America: Butterfly Needles Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)
Table 54. Rest of South & Central America: Butterfly Needles Market, by End User– Revenue and Forecast to 2028 (US$ Thousand)
Table 55. Organic Developments in the Butterfly Needle Market
Table 56. Inorganic Developments in the Butterfly Needle Market
Table 57. Glossary of Terms
LIST OF FIGURES
Figure 1. Butterfly Needles Market Segmentation
Figure 2. Butterfly Needles Market, by Region
Figure 3. Global Butterfly Needles Market Overview
Figure 4. Blood Collection Segment Held Largest Share of Application Segment in Butterfly Needles Market
Figure 5. Asia Pacific Expected to Show Remarkable Growth During Forecast Period
Figure 6. Butterfly Needles Market, by Geography (US$ Thousand)
Figure 7. Global Butterfly Needles Market – Leading Country Markets (US$ Thousand)
Figure 8. Global Butterfly Needles Market – Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. South & Central America: PEST Analysis
Figure 13. Middle East & Africa: PEST Analysis
Figure 14. Experts’ Opinion
Figure 15. Butterfly Needles Market: Impact Analysis of Drivers and Restraints
Figure 16. Global Butterfly Needles Market– Revenue Forecast and Analysis – 2020 - 2028
Figure 17. Global Butterfly Needles Market – By Geography Forecast and Analysis – 2022 - 2028
Figure 18. Market Positioning of Key Players in Butterfly Needles Market
Figure 19. Global Butterfly Needles Market, by Application 2021 & 2028 (%)
Figure 20. Blood Collection: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Blood Transfusion: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. Venipuncture: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. IV Rehydration: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 24. Delivery of Medications: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. Butterfly Needles Market Revenue Share, by End User 2021 & 2028 (%)
Figure 26. Hospitals: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. Clinics: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 28. Blood Banks: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 29. Others: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. North America: Butterfly Needles Market, by Key Country – Revenue (2021) (US$ Thousand)
Figure 31. North America Butterfly Needles Market Revenue and Forecast to 2028 (USD Thousand)
Figure 32. North America: Butterfly Needles Market, by Country, 2021 & 2028 (%)
Figure 33. US: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 34. Canada: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 35. Mexico: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 36. Europe: Butterfly Needles Market, by Key Country – Revenue (2021) (US$ Thousand)
Figure 37. Europe Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 38. Europe: Butterfly Needles Market, by Country, 2021 & 2028 (%)
Figure 39. Germany: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 40. UK: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 41. France: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 42. Italy: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 43. Spain: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 44. Rest of Europe: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 45. Asia Pacific: Butterfly Needles Market, by Key Country – Revenue (2021) (US$ Thousand)
Figure 46. Asia Pacific Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 47. China: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 48. Japan: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 49. India: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 50. South Korea: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 51. Australia: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 52. Rest of Asia Pacific: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 53. Middle East & Africa: Butterfly Needles Market, by Key Country – Revenue (2021) (US$ Thousand)
Figure 54. Middle East & Africa Butterfly Needles Market Revenue and Forecast to 2028 (USD Thousand)
Figure 55. South Africa: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 56. Saudi Arabia: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 57. UAE: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 58. Rest of Middle East & Africa: Butterfly Needles Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 59. South & Central America: Butterfly Needles Market Revenue Overview, by Country, 2021 (US$ Thousand)
Figure 60. South & Central America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 61. South & Central America Butterfly Needles Market, by Country, 2021 & 2028 (%)
Figure 62. Brazil: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 63. Argentina: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 64. Rest of South & Central America: Butterfly Needles Market Revenue and Forecasts to 2028 (US$ Thousand)
Figure 65. Impact of COVID-19 Pandemic on Butterfly Needles Market in North American Countries
Figure 66. Impact of COVID-19 Pandemic in European Country Markets
Figure 67. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 68. Impact of COVID-19 Pandemic in MENAT Country Markets
Figure 69. Impact of COVID-19 Pandemic on Butterfly Needles Market in SACM
Figure 70. Growth Strategies in the Butterfly Needle Market (%)
The List of Companies - Butterfly Needles Market
- B. Braun SE
- Becton Dickinson and Co
- Nipro Corp
- Cardinal Health Inc
- Medline Industries Inc
- Terumo Corp
- SB-Kawasumi Laboratories Inc
- ICU Medical Inc
- ISO-MED Inc
- Vogt Medical Vertrieb GmbH
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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