(PharmaNewsWire.Com, December 18, 2017 ) The North America Needles Market was worth USD 1.6 billion in 2016 and estimated to be growing at a CAGR of 7.9%, to reach USD 2.34 billion by 2021. The market is showcasing high growth potential in the mentioned period. It will continue to expand with the recent developments in Pharmaceutical industry.
Needles are the medical tools which are extremely thin, hollow tubes with a sharp end which has a tiny opening at the pointed end. A needle is used along with a syringe, which is made from either glass or plastic and is shaped in the form of a cylinder with a piston at one end which contains the needle.
North America dominates the global needles market and its leading share is because of the increasing instances of chronic diseases, initiatives taken by various organizations aimed for the eradication of blood borne infections, and increasing amount of cardiovascular diseases. Moreover, the growth in the medical technology has facilitated the easy availability of different variety of needles and brought more specialization in the industry, thus propelling the market growth. The only constraint the market faces is the high risk associated with drug delivery through needles.
Market Segmentation:
• Type o Introduction o Conventional Needles o Bevel Needles o Filter Needles o Vented Needles o Safety Needles o Active needles o Passive Needles • Product o Introduction o Suture Needles o Blood Collection Needles o Ophthalmic Needles o Dental Needles o Insufflation Needles o Pen Needles o Other Needles • Delivery Mode o Introduction o Hypodermic Needles o Intravenous Needles o Intramuscular Needles o Intraperitoneal Needles • Material o Introduction o Stainless Steel Needles o Plastic Needles o Glass Needles o PEEK Needles o Y-o-Y Growth Analysis, By Material o Market Attractiveness Analysis, By Material o Market Share Analysis, By Material • End User o Hospitals & Clinics o Diagnostic Centers o Home Healthcare o Other End Users
On the basis of region the North America market is segmented into U.S.A and Canada. Both the countries are undergoing huge development in the medical sector from the past few years. The U.S leads the North America market. The Needlestick Safety and Prevention Act provides specific regulatory guidelines to syringe and needle producers for the manufacturing of safety syringes.
Some of the major players dominating the North America needles market are Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation and Smiths Medical, Terumo Corporation, Smiths Medical, and Thermo Fisher Scientific.
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