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.
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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.
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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
Introduction
Conventional Needles
Bevel Needles
Filter Needles
Vented Needles
Safety Needles
Active needles
Passive Needles
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
Product
Introduction
Suture Needles
Blood Collection Needles
Ophthalmic Needles
Dental Needles
Insufflation Needles
Pen Needles
Other Needles
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Delivery Mode
Introduction
Hypodermic Needles
Intravenous Needles
Intramuscular Needles
Intraperitoneal Needles
Y-o-Y Growth Analysis, By Delivery Mode
Market Attractiveness Analysis, By Delivery Mode
Market Share Analysis, By Delivery Mode
Material
Introduction
Stainless Steel Needles
Plastic Needles
Glass Needles
PEEK Needles
Y-o-Y Growth Analysis, By Material
Market Attractiveness Analysis, By Material
Market Share Analysis, By Material
End User
Hospitals & Clinics
Diagnostic Centers
Home Healthcare
Other End Users
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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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