Filter Needles Market Analysis, Evolving Opportunities Studied For The Period Forecast 2022-2031

Japan, Japan, Tue, 01 Mar 2022 09:34:21 / Comserve Inc. / -- Filter Needles Market Research By Production, Revenue, Growth Rate, Sales Value, Technological Innovation, Forecasts & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

"Global Filter Needles Market is valued approximately USD 1.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period. The filter needle places a glass filtering device at the base of a syringe needle, which creates a one-way flow when injecting or withdrawing fluid into or from the syringe. The filter needle can only be pulled or pushed in one direction. The increasing prevalence of diabetes coupled with rising geriatric population across the globe are the few factors responsible for growth of the market over the forecast period. For instance, according to American Diabetes Association, the annual incidence of diagnosed diabetes in youth in 2014-2015 was 18,200 with type 1 diabetes, 5,800 with type 2 diabetes and has risen to 34.2 million Americans diagnosed diabetes in 2018, Similarly, in 2018, 10.5% of the population, had diabetes, approximately 1.6 million Americans have type 1 diabetes, including about 187,000 children and adolescents. As per International Diabetes Federation, In 2019, the total number of diabetic patients suffering were 463 million in 2019 and is expected to rise to 700 million by 2045 worldwide. And in 2019 there were 4.2 million people died due to diabetes. Similarly, according to AgeingAsia.org, the number of populations aged 60 and above were 11,988,000 in 2019 and is expected to rise by 29,841,000 in 2050. Also, the total percentage of population aged 60 and above were 12.3% in 2019 and is expected to rise by 27.2 % in 2050. Thus, increasing prevalence of diabetes coupled with rising geriatric population is augmenting the demand of the market growth. However, low adoption of advanced healthcare facilities and a lack of sufficient skilled professionals is the major factor restraining the growth of global Filter Needles market during the forecast period.

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The regional analysis of global Filter Needles market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the fast adoption of new technology and the presence of several key players in the market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:

Becton, Dickinson and Company (BD)
Cardinal Health, Inc.
Sentra Medical Ltd.
Myco Medical Supplies Inc
Stryker Corporation
B. Braun
SOL-MILLENNIUM Medical Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Raw Material:
Stainless Steel
Glass

By End-Use:

Hospitals
Clinics
Ambulatory Surgery Centers
Others

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By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Filter Needles Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Table of Content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Filter Needles Market, by Region, 2018-2027 (USD Billion)
1.2.2. Filter Needles Market, by Raw Material, 2018-2027 (USD Billion)
1.2.3. Filter Needles Market, by End-use, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Filter Needles Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Filter Needles Market Dynamics
3.1. Filter Needles Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Filter Needles Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Filter Needles Market, by Raw Material
5.1. Market Snapshot
5.2. Global Filter Needles Market by Raw Material, Performance - Potential Analysis
5.3. Global Filter Needles Market Estimates & Forecasts by Raw Material 2017-2027 (USD Billion)
5.4. Filter Needles Market, Sub Segment Analysis
5.4.1. Stainless Steel
5.4.2. Glass
Chapter 6. Global Filter Needles Market, by End-use
6.1. Market Snapshot
6.2. Global Filter Needles Market by End-use, Performance - Potential Analysis
6.3. Global Filter Needles Market Estimates & Forecasts by End-use 2017-2027 (USD Billion)
6.4. Filter Needles Market, Sub Segment Analysis
6.4.1. Hospitals
6.4.2. Clinics
6.4.3. Ambulatory Surgery Centers
6.4.4. Others
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