Global Needles Market

Global Needles Market Size, Share, Growth Analysis, By Type(Conventional Needles, Safety Needles), By Product(Suture Needles, Blood Collection Needles), By Delivery Mode(Hypodermic Needles, Intravenous Needles) - Industry Forecast 2022-2028


Report ID: SQSG35A2036 | Region: Global | Published Date: November, 2022 | Pages: 225 | Tables: 94 | Figures: 73

Global Needles Market Insights

Global Needles market was valued at USD 6.89 billion in 2021, and it is expected to reach a value of USD 11.65 billion by 2028, at a CAGR of more than 7.8% over the forecast period (2022-2028).

A needle is a tiny, thin, typically steel sewing tool with an eye for a thread or surgical sutures on one end. Needles are used for numerous things, including processing blood, performing dental and surgical operations, and delivering medications to the body through infusions. It has three sections: a long shaft, an incline, and a central piece, and it fits into the syringe's component. In clinical practice, numerous needle types are often used for a variety of treatments, including the delivery of medications via different skin layers, cosmetic procedures, and various surgical procedures. As a result, there are many different kinds of needles available.

Certain treatment plans are linked to pain and anxiety because they cause the brain's pain receptors to be activated by a variety of psychological and physiological variables. For instance, during dental operations, dental injection is closely related to both pain and anxiety. Additionally, it is anticipated that increased awareness of the benefits of blood donation will spur market expansion in the near future. Voluntary blood donations can reduce the blood supply shortfall; however, this will increase the need for needles and syringes.

The market has been considerably and favorably affected by COVID-19. Worldwide medication discovery and research and development efforts increased as a result of this epidemic. The expansion in demand for needles was directly affected by increased funding for projects related to the development of a COVID vaccination. Additionally, a higher hospitalization rate fueled the market expansion. In addition, the growing number of hospitals and other healthcare institutions throughout the world bodes well for the future of needles.

Increased prevalence of chronic and lifestyle illnesses, particularly diabetes, technical developments in the worldwide needles market, and rising consumer demand for high-tech hypodermic needle solutions are predicted to propel market expansion. However, the availability of substitute drug administration methods, a lack of understanding about safety syringes, and the expensive price of hypodermic needles restrain market expansion. The projection for the worldwide needles market is predicted to have a wide range of possibilities due to the spike in demand for hypodermic needles, increase in disposable income, and development potential in rising economies in Asia-Pacific and LAMEA.

Market snapshot

Global Market Size

USD 6.89 billion

Largest Segment

safety needles

Fastest Growth

safety needles

Growth Rate

more than 7.8% CAGR

Global Needles Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Needles Market Size By Product type , 2021-2028 ($ Bn)
Global Needles Market Size By product type, 2021-2028 (%)

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Global Needles Market Segmental Analysis

Global needles market is segmented based on the type, product, delivery mode, and region. Based on type, the global needles market is segmented into conventional needles and safety needles. Based on product, the global needles market is segmented into suture needles, blood collection needles, ophthalmic needles, dental needles, insufflation needles, pen needles, and other needles. Based on delivery mode, global needles market is segmented into hypodermic needles, intravenous needles, intramuscular needles, and intraperitoneal needles. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Type

Throughout the projection period, the safety needle category is anticipated to increase at the quickest rate. This development can be ascribed to these products' lower risk of needle stick injuries, which can spread bloodborne viruses including the hepatitis B and C virus, HIV, and other diseases. To better understand concerns relating to product restrictions and the hospital environment, healthcare organizations and stakeholders must concentrate on particular factors that contribute to the continued risk of damage. For example, in addition to overdosing, those who inject drugs are more likely to get HIV, TB, viral hepatitis B and C (HBV and HCV), and tuberculosis. 11 million individuals inject narcotics worldwide. According to the UNODC World Drug Report, 2020, 1.4 million of these individuals (or 1 in 8) have HIV, and 39.4% have viremic HCV infection. Around 10% of new HIV infections worldwide are caused by injecting drugs (UNAIDS, 2020). Additionally, injecting drug users are thought to account for between 23 and 39 percent of new HCV infections. One in three HCV fatalities worldwide can be attributed to medication injection. Both HIV and HCV prevalence rates are notably high in some areas, such as Eastern Europe and Central Asia. Additionally, more than half of the 2.3 million HIV-HCV co-infections (1.3 million) in the globe are found in drug injectors (WHO, 2016).

Safety needles improve user ease and practicability while lowering the risk of infection and expense. When using a safety syringe of the NMT type, squeezing the plunger to inject the drug triggers an automatic retraction feature. In all designs of syringes with safety needles, the safety mechanism may be easily activated in a single step. The majority of healthcare professionals preferred safety needle technology over conventional devices due to beneficial factors including accuracy, operation time, and fast usage design.

Analysis by Product

Suture needles are predicted to outperform the other product-based categories in the global needles market during the forecast period. This is due to the fact that the prevalence of chronic illnesses is rising globally, which is driving up market share for this industry. Additionally, the market's growth pace is being supported by an increase in support from both public and private entities in healthcare facilities. For example, according to WHO estimates, 295.8 million individuals worldwide had chronic hepatitis B infection in 2019. Of these, 30.4 million people with hepatitis B were aware of their status, and 6.6 million people with hepatitis B diagnoses got treatment. An estimated 820 000 people died from hepatitis B in 2019, primarily from cirrhosis and hepatocellular carcinoma (i.e. primary liver cancer). According to estimates, in 2019 there were 1.5 million new cases of chronic hepatitis B infection.

Global Needles Market By product type, 2021 (%)

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Global Needles Market Regional Insights

The needles market is dominated by North America due to the region's strong base of healthcare facilities, growing investment from major players in the development of cutting-edge devices, well-established distribution networks for needle product manufacturers, and an increase in research activities. For example, in 2021, investors closed 96 Medtech investments, a substantial increase from 55 in 2020 and a record-breaking 60 in 2018. Deal value increased to $40.8 billion from $3 billion in 2020, mostly because of the $34 billion Medline deal. Such fluctuations are typical in the industry, where substantial assets are not as common. Supply chain resilience and cost control, technology for alternative treatment, specialist contract manufacturing, and regulatory assistance are important issues for investors in North America and Europe.

Due to an increase in government programs to raise awareness, a rise in medical tourism, expanding research activities in the region, and a rising demand for high-quality healthcare in the region, Asia-Pacific is predicted to see considerable growth between 2022 and 2029. The percentage of hospitals expected to raise spending decreased from 30% to 40% to 15% to 25% as a result of continuous uncertainty. Australia and China revealed a planned spending attitude that was similar to last year's, despite the fact that most hospitals in the area are displaying more cautious planned expenditure compared to last year. In both nations, hospitals plan to raise spending in all categories by roughly 40% on average. Governments in the area have been working to control healthcare costs despite the pandemic response.

Global Needles Market By Geography, 2021-2028
  • Largest
  • Fastest

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Global Needles Market Dynamics

Driver

  • During the projected period, the market for needles is anticipated to rise more quickly due to the rising incidence of different chronic diseases and the rising number of hospitals and clinics in developing nations. It is anticipated that major businesses will continue to invest heavily in research and development to bring the most safe and precise needle technology to market. In order to allow surgeons to examine specific blood arteries at danger when placing the needle and prevent deadly bleeding, a research team from the University of Adelaide created a biopsy needle coupled to a tiny imaging probe in January 2018.
  • The development of needle technology also lessens the discomfort and anxiety associated with injections. Pain and anxiety have specific treatment plans because different psychological and physiological conditions cause the brain's pain receptors to become active. For instance, there is a significant correlation between dental injection during dental treatments and both pain and anxiety. Additionally, it's anticipated that rising awareness of blood donation will shortly fuel industry expansion. The demand for needles and syringes will rise as more people donate blood to make up for the low blood supply.

Restraint

  • A solid growth rate is anticipated for the worldwide needles market throughout the projected period, notwithstanding the COVID-19 problem and looming economic slump. All industries have been impacted by an unparalleled chain of events brought on by the coronavirus epidemic. In the future post-COVID-19 period, the needles market will return to a new normal that will be constantly redefined and rethought. In order to manage uncertainty, change, and continually adapt to new and changing market situations, being current on trends and doing correct analysis is more important than ever. The United States is anticipated to change at a compound annual rate of 6.1 percent under the new developing geographic situation.
  • The pandemic has been most severely felt in the Europe area. China, the pandemic's source, is currently facing enormous political and economic difficulties. The shifting relationships between China and the rest of the globe will impact competitiveness and market prospects amid increased calls for economic decoupling and distance. In light of these circumstances and shifting geopolitical, economic, and consumer sentiments, the second-largest economy in the world will expand by 11.3 percent over the following few years and add over USD 953.7 million in accessible market prospects.

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Global Needles Market Competitive Landscape

The global needles market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.

Top Players in the Global Needles Market

 

  • Medtronic (Ireland)
  • Ethicon US, LLC. (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)
  • Novo Nordisk A/S (Denmark)
  • BD (U.S.)
  • Stryker (U.S.)
  • Boston Scientific Corporation (U.S.)
  • Luminex Corporation (US)
  • Illumina, Inc (US)
  • Bio-Rad Laboratories, Inc. (US)
  • QIAGEN (Netherlands)
  • Abcam plc (UK)
  • Merck KGaA (Germany)
  • Promega Corporation (US)
  • Siemens (Germany)
  • PerkinElmer, Inc. (US)
  • Shimadzu Corporation (Japan)

 

Recent Developments

  • In July 2022, Thermo Fisher Scientific and Hologic both presented updates to their current lineups of respiratory virus tests. The new test panels are originally available in the European Union with CE mark clearance and screen for several prevalent viruses at once, including COVID-19, the flu, the common cold, respiratory syncytial virus, pneumonia, and more.
  • In April 2022, together with a new decentralized clinical trial (DCT) solution, Thermo Fisher Scientific Inc.'s PPD clinical research division and Matrix Clinical Trials, a Matrix Medical Network service, are bringing clinical trials to patients. To assist find, attracting, and retaining trial participants while guaranteeing a favorable patient experience, the company is deploying cutting-edge Matrix mobile research sites and knowledgeable clinical personnel across the U.S. The two businesses are simultaneously looking for ways to extend their partnership to new regions.

Global Needles Key Market Trends

  • In the projection period of 2022 to 2028, an increase in public-private financing for targeted research activities, an increase in the elderly population, and favorable regulatory policies for the approval of novel injectables will expand the market's lucrative potential. In the future, the market's growth rate will be further accelerated by factors such as the rising number of strategic alliances, the internet penetration rate, the expansion of hospitals and laboratories, the rise in drug self-administration, the use of safety needles, and the per capita spending on health care.

Global Needles Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global needles market analysis, in terms of type, the safety needles segment held the largest share in the global needles market. This development can be ascribed to these products' lower risk of needle stick injuries, which can spread bloodborne viruses including the hepatitis B and C virus, HIV, and other diseases. In terms of product, the suture needles segment held the largest share in the global needles market. This is due to the fact that the prevalence of chronic illnesses is rising globally, which is driving up market share for this industry. And in terms of region, the North American region held the largest share in the global needles market due to the region's strong base of healthcare facilities, growing investment from major players in the development of cutting-edge devices, well-established distribution networks for needle product manufacturers, and an increase in research activities.

Report Metric Details
Market size value in 2021 USD 6.89 billion
Market size value in 2028 USD 11.65 billion
Growth Rate more than 7.8%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Conventional Needles, Safety Needles
  • Product
    • Suture Needles, Blood Collection Needles, Ophthalmic Needles, Dental Needles, Insufflation Needles, Pen Needles, Other Needles
  • Delivery Mode
    • Hypodermic Needles, Intravenous Needles, Intramuscular Needles, Intraperitoneal Needles
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Medtronic (Ireland)
  • Ethicon US, LLC. (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)
  • Novo Nordisk A/S (Denmark)
  • BD (U.S.)
  • Stryker (U.S.)
  • Boston Scientific Corporation (U.S.)
  • Luminex Corporation (US)
  • Illumina, Inc (US)
  • Bio-Rad Laboratories, Inc. (US)
  • QIAGEN (Netherlands)
  • Abcam plc (UK)
  • Merck KGaA (Germany)
  • Promega Corporation (US)
  • Siemens (Germany)
  • PerkinElmer, Inc. (US)
  • Shimadzu Corporation (Japan)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Needles Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Needles Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Needles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Needles Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Needles Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Needles Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Needles market was valued at USD 6.89 billion in 2021, and it is expected to reach a value of USD 11.65 billion by 2028, at a CAGR of more than 7.8% over the forecast period (2022-2028).

The global needles market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Medtronic (Ireland)', 'Ethicon US, LLC. (U.S.)', 'Thermo Fisher Scientific Inc. (U.S.)', 'Novo Nordisk A/S (Denmark)', 'BD (U.S.)', 'Stryker (U.S.)', 'Boston Scientific Corporation (U.S.)', 'Luminex Corporation (US)', 'Illumina, Inc (US)', 'Bio-Rad Laboratories, Inc. (US)', 'QIAGEN (Netherlands)', 'Abcam plc (UK)', 'Merck KGaA (Germany)', 'Promega Corporation (US)', 'Siemens (Germany)', 'PerkinElmer, Inc. (US)', 'Shimadzu Corporation (Japan)'

During the projected period, the market for needles is anticipated to rise more quickly due to the rising incidence of different chronic diseases and the rising number of hospitals and clinics in developing nations. It is anticipated that major businesses will continue to invest heavily in research and development to bring the most safe and precise needle technology to market. In order to allow surgeons to examine specific blood arteries at danger when placing the needle and prevent deadly bleeding, a research team from the University of Adelaide created a biopsy needle coupled to a tiny imaging probe in January 2018.

In the projection period of 2022 to 2028, an increase in public-private financing for targeted research activities, an increase in the elderly population, and favorable regulatory policies for the approval of novel injectables will expand the market's lucrative potential. In the future, the market's growth rate will be further accelerated by factors such as the rising number of strategic alliances, the internet penetration rate, the expansion of hospitals and laboratories, the rise in drug self-administration, the use of safety needles, and the per capita spending on health care.

The needles market is dominated by North America due to the region's strong base of healthcare facilities, growing investment from major players in the development of cutting-edge devices, well-established distribution networks for needle product manufacturers, and an increase in research activities. For example, in 2021, investors closed 96 Medtech investments, a substantial increase from 55 in 2020 and a record-breaking 60 in 2018. Deal value increased to $40.8 billion from $3 billion in 2020, mostly because of the $34 billion Medline deal. Such fluctuations are typical in the industry, where substantial assets are not as common. Supply chain resilience and cost control, technology for alternative treatment, specialist contract manufacturing, and regulatory assistance are important issues for investors in North America and Europe.

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Global Needles Market

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