Special Purpose Needles: A Global Strategic Business Report
San Jose, California (PRWEB) March 06, 2012
Follow us on LinkedIn – Market for specialty needles is highly influenced by growing demand for user safety and cost effective solutions. Needle stick injuries and worker safety remain a prime area of concern in the market. The medical disposables segment in the healthcare industry was among the least affected by economic ups and downs owing to the high focus on patient as well as employee safety. Consequently, syringes and surgical masks and gloves were among the segments that maintained their growth tempo despite cutbacks in hospital expenditures. Further, the resultant squeeze in average income levels brought down by recession has reinforced the growing trend towards home and alternate healthcare, which is a major factor driving growth of disposable products. In addition, growing healthcare focus and expenditure by governments in the developing countries, particularly the BRIC nations, is also providing a major thrust to the special purpose needles market.
As stated by the new market research report on Special Purpose Needles, the US continues to remain the largest regional market, while Latin America and Asia–Pacific represent the fastest growing markets. Product-wise, hypodermic needles account for the largest market share, while intravenous needles constitute the fastest growing segment. Innovations in disposable drug injection market, including the single-use needleless injectors and pre-filled injectors are poised to take considerable market share from syringes. Rise in popularity of self-injection devices for patients with allergic asthma, migraine, and rhinitis diseases is further boosting the use of needles for self-administration of hypodermal medications. The trend is driving demand for pen needles. Moreover growing hygiene consciousness among patients propels them to change their self-medication needles frequently, leading to further rise in demand for medication needles.
Major players in the marketplace include Angiotech Pharmaceuticals, Argon Medical Devices, C.R. Bard, Becton, Dickinson and Company, B. Braun Medical, Cadence Science, Carefusion Corporation, Covidien Ltd., Ethicon, Inrad, Medline Industries, MIFAM S.A., Smiths Medical, TERUMO Corporation, and World Wide Medical Technologies.
The research report titled "Special Purpose Needles: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. Segments analyzed in the report include Acupuncture Needles, Aspirating Needles, Biopsy Needles, Blood Collection Needles, Blunt Needles, Bone Marrow Needles, Cardiology Needles, Catheter Needles, Dental Needles, Dialysis Needles, Electrode Needles, Endoscopy Needles, Epidural Needles, Fistula Needles, Hypodermic Needles, Intra-arterial Needles, Intravenous Needles, Ophthalmic Needles, Pneumoperitoneum Needles, Radiology Needles, Spinal Needles, and Suture Needles. The study reviews recent past, current and future market projections over the period 2009-2017.Analysis is presented for established and emerging markets including the US, Canada, Japan, France, Germany, the UK, Italy, Spain, Russia, Asia-Pacific, Latin America, and Rest of World.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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