Industry Overview
The North America Needle Market is expected to grow from USD 2.65 billion in 2023 to USD 3.88 billion by 2030, registering a CAGR of 7.9 % during the forecast period ranging from 2025 to 2030.
Needles used in the healthcare sector refer to the device made from stainless steel offering higher strength and better sterility. There is a sharp bevel that helps in penetrating the skin precisely. These needles are used across a wide range of applications such as for injecting fluids, drawing blood samples to perform a wide range of tests and biopsy processes. The needles are used extensively in the healthcare sector due to the wide range of benefits offered such as minimum or no tissue damage, precise drug delivery, and lower risk of infection due to needlestick injuries, and easy and usage and disposability.
The significant factors that are influencing the growth of the market include the rising geriatric population in the region requiring treatments that involve using needles. It is also attributed to the rising incidents of chronic diseases such diabetes, which also need using needles for regular medical interventions.
The strict regulatory standards and compliance requirements of this region opposes widespread use and expansion of the market due to increased costs and delayed approvals. In addition, the growing healthcare costs and reimbursement pressureon the manufacturers reduces their profitability and affordability of the patients, both hindering widespread use and market expansion. However, growth prospects are offered to the market by the continual development in needle technologies and higher adoption of smart needles and pain-reducing designs.
Market Segmentation
Insight by Type
The North America needle market is divided by needle type into conventional needles, safetyneedles, bevelneedles, blunt fillneedles, filterneedles, ventedneedles, activeneedles, and passive needles segments. Amongst all these segments, the safety needles segment is expected to grow at a higher CAGR due to higher adoption in healthcare sector for its safety features and lower risks of injuries and infections.
Insight by Product
The North America needle market is also divided by-products into suture needles, blood collection needles, ophthalmic needles, dental needles, insufflation needles, pen needles, and others. The suture needles segment out of all these will hold a larger share of the market due to widespread adoption and use for several medical procedures.
Insight by Material
According to the material, the North America needle market is split into glass needles, plastic needles, stainless steel needles, and polyether ether ketone (PEEK) needles segments. Among all these segments, the stainless-steel needles segment will dominate and grow at a higher rate due to robustness, durability, strength, and widespread applicability.
Insight by Delivery Mode
The North America needle market is divided by delivery modes into hypodermic needles, intravenous needles, intramuscular needles, and intraperitoneal needles segments. Out of all these segments, the hypodermic needles segment will dominate the market due to higher versatility and widespread application for drug administration, vaccinations, and different medical procedures.
Insight by End-User
According to the end users, the North America needle market is divided into hospitals, diagnostic centers, home healthcare, and others end users. Out of all these segments, the hospitals and diagnostic centers segment are expected to grow more during the forecast period due large number of medical procedures such as surgeries, treatments, and diagnostics conducted.
North America Needle Market Report Coverage
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. 2.65 Billion
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Revenue Forecast in 2030
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U.S.D. 3.88 Billion
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Growth Rate
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7.9%
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Segments Covered in the Report
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By Type, By Product, By Material, By Delivery Mode and By End User
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Report Scope
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Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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Regions Covered in the Report
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US, Canada, Mexico
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Industry Trends
The most notable industry trends in the North America needle market include the growing acceptance and preference for needle-free injection systems for effortless and pain free drug delivery, the significant development of safer needles to ensure lower risks for needlestick injuries and infection, and the growing home healthcare and self-administration of medications that need easy-to-use needle designs. In addition, the growing emphasis on sustainable practices, such as improved waste management systems and use of biodegradable needles are also quite noteworthy movements.
Growth Drivers
Significant and ongoing technological developments in this region to ensure higher safety to the patients and comfort is boosting the demand for needles and thereby the North America needle market. In addition, the high expenditure in healthcare and ability of people to spend more encourages higher investments in all types of medical supplies, including needles, pushing the market higher northward. Add to that, rising number of home healthcare and outpatient services, rising demand for self-administered medications involving needles, and increase in the number of immunization initiatives and vaccination programs in North America is elevating needle consumption and driving market growth.
Challenges
Market saturation of the well-established North America needles market with the existence of several companies offer stiff competition and prevent new entries to the market, opposing its growth. In addition, the growing awareness regarding environment impact and strict measures for medical waste management and disposal or recycling of used needles challenges the market growth.
Opportunities
The rising preference for personalized medicine and biologics among people in the region is offering novel growth opportunities to the North America needle market since they need specific needles for precise drug delivery. Rising importance and adoption of telehealth is also creating a distinct niche and growth opportunity for the market, especially with respect to home-based medical interventions and self-administration.Supportive government initiatives and policies and funding for vaccination programs and chronic disease management are also driving higher demand and offering growth prospects to the for medical needles market in this region.
Geographic Overview
The North America needles market is expected to grow significantly during the forecast period with different CAGR for different regions for different reasons.
The US market will grow due to its developed healthcare infrastructure, growing aging population, and higher prevalence of chronic diseases such as diabetes, along with a growing emphasis on research and development of advanced needle technologies.
The market in Canada will grow due to growing healthcare expenditure and rising preference for home healthcare services, along with higher adoption and supportive government initiatives for chronic disease management and vaccination.
The Mexican market is also expected to grow due to developing healthcare infrastructure, growing awareness of safe injection practices, rising medical tourism, and increase in the number of immunization programs.
Competitive Insight
The major players of the North America needle market are Becton, Dickinson and Company (BD), Cardinal Health Inc, Medtronic plc, MTD Group, Smiths Medical, B. Braun Medical Inc, Nipro Medical Corporation, Retractable Technologies Inc, Hologic Inc, Henry ScheinInc, and ICU Medical Inc, to name a few.
Recent Developments by Key Players
Cardinal Health has recently acquired Medtronic’s Patient Care division to expand its market growth, fortify its presence, and introduce Monoject and Magellan in their product lines.
MTD Group got an FDA approval for producing DropSafeSicurainjection needle with a completely passive mechanism that ensures higher safety for subcutaneous and intramuscular injection of therapeutic drugs and vaccines.
The North America Needle Market report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Type
- Conventional
- Safety
- Bevel
- Blunt fill
- Filter
- Vented
- Active
- Passive
- Product
- Suture
- Blood
- Ophthalmic
- Dental
- Insufflation
- Pen
- Others
- Material
- Glass
- Plastic
- Stainless Steel
- Polyether Ether Ketone
- Delivery Mode
- Hypodermic
- Intravenous
- Intramuscular
- Intraperitoneal
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End-User
- Hospitals
- Diagnostic Center
- Home Healthcare
- Others
Region Covered in the Report
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Source: VynZ Research
Source: VynZ Research
