Market Overview

Global Special Purpose Needles Market 2018-2022| Increasing Target Population Requiring Special Purpose Needles to Boost Demand| Technavio


analysts forecast the global special purpose needles market to grow at a
CAGR of close to 8% during the forecast period, according to their
latest market research report. The growth momentum of the market is
expected to accelerate in the year-over-year growth.

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Technavio analysts forecast the global special purpose needles market to grow at a CAGR of close to  ...

Technavio analysts forecast the global special purpose needles market to grow at a CAGR of close to 8% by 2022. (Graphic: Business Wire)

Growing demand for pen needles is one of the major trends being
witnessed in the global
special purpose needles market 2018-2022
. Chronic disease such
as diabetes requires insulin administration at regular intervals and
thus, pen needles are equally helpful for elderly people and those with
mobility issues who cannot frequently travel to hospitals. Thus, growing
popularity for self-administration of insulin for the treatment of
diabetes as a part of home care will increase the use of pen needles,
which will boost the growth of the market during the forecast period.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global special purpose needles market is the
increasing target population requiring special purpose needles:

Global special purpose needles market:
Increasing target population requiring special purpose needles

Special purpose needles are used for the target population for drug
deliveries and to diagnose and treat chronic conditions such as
diabetes, tumors and infectious diseases. Such target population is also
used for collecting the fluid samples and cell samples. Also, increasing
awareness among the target population about diseases such as HIV/AIDS,
simplex malaria, typhus and tuberculosis that require the use of special
purpose needles will further spur the demand for special purpose needle
across the globe.

According to a senior analyst at Technavio, "CDC says, more than 100
million adults in the US are living with diabetes or prediabetes. In
2015, approximately 30.3 million individuals had diabetes in the US, and
approximately 84.1 million individuals had prediabetes, which if not
treated, could lead to type 2 diabetes by 2020. Also, Eurostat says, in
2014, around 30 million people are suffering from chronic diabetes in
the EU. Thus, the growth in the incidence of diabetes is expected to
increase the adoption of special purpose needles."

Global special purpose needles market:
Segmentation analysis

The global special purpose needles market research report provides
market segmentation by end-user (hospitals, ASCs, and others) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting
for close to 45% share. It was followed by EMEA and APAC respectively.
The dominance of the Americas can be attributed to the increasing target
population requiring special purpose needles and growing demand for pen

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Market Segmentation

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Market Drivers

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Market Trends

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  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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