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Global Market Trajectory & Analytics

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  •  DATE

    JULY 2020

  •  TABLES

    306

  •  PAGES

    378

  •  EDITION

    8

  •  PRICE

    USD $4950

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Needles estimated at US$6.5 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027.Conventional Needles, one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach US$5.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Safety Needles segment is readjusted to a revised 10.5% CAGR for the next 7-year period. This segment currently accounts for a 34% share of the global Needles market.
The Needles market in the U.S. is estimated at US$1.8 Billion in the year 2020. The country currently accounts for a 27.1% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.2 Billion in the year 2027 trailing a CAGR of 9.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$2.2 Billion by the year 2027.We bring years of research experience to this 8th edition of our report. The 378-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, B. Braun Melsungen AG; Becton, Dickinson & Company; Boston Scientific Corporation; Ethicon US LLC; Hamilton Company; Medtronic PLC; Nipro Corporation; Novo Nordisk A/S; Olympus Corporation; Smiths Medical; Stryker Corporation; Terumo Corporation; Thermo Fisher Scientific, Inc.; Unimed SA
» Delivery Mode (Hypodermic Needles, Intravenous Needles, Intramuscular Needles, Intraperitoneal Needles) » End-Use (Hospitals, Diagnostic Centers, Home Healthcare, Other End-Uses) » Type (Conventional Needles, Safety Needles)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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