Intravenous Needles Market Size, Share, Growth, and Industry Analysis, By Type (Teflon Dispensing Needle, Stainless Steel Dispensing Needle, and Others), By Application (Hospital, Clinic, and Others), Regional Insights, and Forecast To 2032

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INTRAVENOUS NEEDLES MARKET REPORT OVERVIEW

The global intravenous needles market size was USD 2.17 billion in 2023 and the market is projected to touch USD 3.71 billion by 2032 at a CAGR of 6.0% during the forecast period.

Intravenous (IV) needles are medical devices used to deliver fluids, medications, or blood products directly into a patient's bloodstream through a vein. These needles are commonly used in hospitals, clinics, and medical settings to provide quick and efficient access to a patient's circulatory system.

These IV needles consist of a hollow, flexible tube (catheter) with a sharp needle at one end and a connector hub at the other end. The needle is used to puncture the skin and access a vein. Once the needle is properly inserted into the vein, the sharp needle is removed, leaving only the catheter in place. The catheter remains in the vein, and medications, fluids, or blood products can be administered through it. Furthermore, healthcare professionals ensure their correct use of these needles to prevent infections and ensure patient well-being.

COVID-19 IMPACT

"High Patient Volumes Surged the Usage of IV Needles for Virus Infection Treatment"

The global COVID-19 pandemic has been unprecedented and staggering, with the intravenous needles market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic supported the market for intravenous needles. This health emergency led to a surge in demand for IV therapy due to the need for administering fluids, medications, and treatments to severely ill COVID-19 patients. As, IV needles became crucial for delivering medications such as antivirals, antibiotics, and fluids to manage patients' symptoms. Furthermore, hospitals and healthcare facilities faced high patient volumes that caused increased usage of IV needles for both coronavirus-infected and non-coronavirus-infected patients. This surge strained supply chains and highlighted the importance of reliable access to medical supplies, including IV needles. Additionally, this higher demand for these needles created an opportunity for the market which will likely continue to grow in the coming years.

LATEST TRENDS

"Safety and Catheter Design Innovations Magnify the Market Scope"

The market for intravenous has experienced substantial growth over the last few years with several driving factors, emerging trends, and technological advancements. With regard to market trends, safety, and catheter design innovations are gaining traction. As companies are focusing on developing IV catheters with enhanced safety features to minimize the risk of needlestick injuries and catheter-related complications. This includes features namely needleless connectors, retractable needles, and antimicrobial coatings. Along with this, there is a growing emphasis on infection prevention strategies. Where manufacturers are exploring materials and designs that reduce the risk of catheter-related infections, which can lead to better patient outcomes and reduced healthcare costs. Consequently, these factors and trends are expected to stimulate the intravenous needles market growth over this forecast 2024-2032.

INTRAVENOUS NEEDLES MARKET SEGMENTATION

By Type

According to type, the market can be bifurcated into Teflon Dispensing Needle, Stainless Steel Dispensing Needle, and Others.

By Application

Based on application, the market can be divided into Hospital, Clinic, and Others.

DRIVING FACTORS

"Medical Procedures and Treatments to Excite the Market Growth"

The demand for IV needles is driven by the need for various medical procedures and treatments that require intravenous access. These include surgeries, chemotherapy, blood transfusions, and fluid administration. As a result, the growing incidence of health issues and diseases raise the demand for medical treatment which will likely fuel the demand for intravenous needles in the market.

"Rise in Chronic Diseases to Elevate the Growth of the Market"

Additionally, the increasing prevalence of chronic diseases, such as diabetes and cardiovascular conditions, necessitates frequent medical interventions and treatments, often involving IV therapy. As well as rising aging population globally is another significant factor for the market. As the global population ages, the need for medical interventions increases. Older individuals may require IV therapy for hydration, medication delivery, and other health-related purposes.

RESTRAINING FACTORS

"Infection and Complications May Curb the Market Expansion"

The market is rising exponentially however; some restraining factors may affect its growth. For instance, Improper insertion or maintenance of IV needles can lead to infections, phlebitis, and other complications that can deter healthcare providers from using them extensively.

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INTRAVENOUS NEEDLES MARKET REGIONAL INSIGHTS

"North America Expected to Lead the Market with Well-Developed Healthcare System & Higher Demand for Medical Needs"

According to research, the market for intravenous needles is anticipated to be led by North America due to advanced healthcare infrastructure, economic conditions, population demographics, and medical advancements. Generally, regions with well-developed healthcare systems and higher medical needs tend to have a significant demand for IV needles apart from this region.

KEY INDUSTRY PLAYERS

"Key Companies Collaborate with Healthcare Institutions & Distributors to Boost Product Visibility & Accessibility"

With regard to key players, notable companies in the market impact market revenue by offering innovative and diverse product portfolios that prioritize quality and safety, building trust among healthcare providers. In addition, their established global presence and distribution networks allow them to capture wider customer bases, while collaborations and partnerships enhance visibility. Also, responding to market trends, mergers, and acquisitions also influences revenue potential. Adapting to emerging healthcare needs and providing clinical evidence further solidifies their position for revenue generation which aids them to occupy the largest intravenous needles market shares in the global marketplace.

List of Top Intravenous Needles Companies

• BD
• Pfizer
• Fresenius Medical Care
• Medtronic
• B. Braun
• Smiths Medical
• Baxter
• Teleflex

REPORT COVERAGE

This report defines the intravenous needles market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.