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The global special purpose needles market is expected to grow at a CAGR of almost 8% during the forecast period
Special purpose needles industry growth is expected to accelerate over the next five years, driven by increasing target population that require special purpose needles. Special purpose needles are used for target specific drug deliveries to diagnose and treat chronic conditions such as diabetes, tumors, and infectious diseases. Growing incidences of chronic disorders around the world is expected to drive the growth of the global special purpose needles market. Technavio’s special purpose needles industry analysis reveals promising markets around the world.
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The Americas dominated the special purpose needles market by region
The global special purpose needles market was dominated by the Americas with almost 45% of the global market share, followed by EMEA and APAC. In addition, the Americas will drive more than one-third of the growth for the global special purpose needles industry, while EMEA and APAC are also predicted to contribute significantly to the incremental growth in the forecast period. However, according to this industry report, the global special purpose needles market will witness APAC registering the fastest rate of growth during the forecast period, while the Americas will generate a lower CAGR than EMEA.
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ARGON MEDICAL, B. Braun Melsungen, and BD are some of the leading special purpose needle suppliers
Most of the leading special purpose needle suppliers are focused on continuously innovating their products to make them safer and more ergonomic. The global special purpose needles market is forecasted to remain significantly concentrated over the next five years owing to the presence of a few vendors who offer products such as hypodermic needles, pen needles, blood collection needles, biopsy needles, dental needles, suture needles, and others. Many established special purpose needle suppliers are vying for their share of the global special purpose needles market, and the new players must differentiate themselves to gain vital traction over their peers.
This report offers a complete analysis of several special purpose needle suppliers, including:
- ARGON MEDICAL
- B. Braun Melsungen
- BD
- Cardinal Health
- Cook
- NIPRO Medical Corporation
- Smiths Group
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Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
- Segmentation by application
- Drug delivery
- Sample collection
PART 08: MARKET SEGMENTATION BY PRODUCT
- Segmentation by product
- Comparison by product
- Hypodermic needles – Market size and forecast 2017-2022
- Pen needles – Market size and forecast 2017-2022
- Blood collection needles – Market size and forecast 2017-2022
- Biopsy needles – Market size and forecast 2017-2022
- Dental needles – Market size and forecast 2017-2022
- Suture Needles – Market size and forecast 2017-2022
- Others – Market size and forecast 2017-2022
- Market opportunity by product
PART 09: CUSTOMER LANDSCAPE
PART 10: MARKET SEGMENTATION BY END-USER
- Segmentation by end-user
- Hospitals
- ASCs
- Others
PART 11: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Special purpose needles market in Americas
- Special purpose needles market in EMEA
- Special purpose needles market in APAC
- Market opportunity
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 14: MARKET TRENDS
- Growing demand for pen needles
- Technological advances
- Rising demand for passive drug administration
PART 15: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 16: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ARGON MEDICAL
- B. Braun Melsungen
- BD
- Cardinal Health
- Cook
- NIPRO Medical Corporation
- Smiths Group
PART 17: APPENDIX
Research Methodology
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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