Special Purpose Needles Market To Surpass US$ 18,545.3 Million By 2027 - Coherent Market Insights

1. SPECIAL PURPOSE NEEDLES MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027 © Coherent market Insights. All Rights Reserved © Coherent market Insights. All Rights Reserved

2. REPORT DESCRIPTION Special Purpose Needles Market - Overview Special purpose needles are used for different drug deliveries and sample collection. A hypodermic needle a hollow needle commonly used with a syringe to inject substances into the body or extract fluids from it. It is used for rapid delivery of liquids. Statistics: The global Special Purpose Needles Market is estimated to account for US$ 18,545.3 Mn in terms of value by the end of 2027. Global Special Purpose Needles Market: Drivers Increasing adoption of needle biopsy is expected to propel growth of the global special purpose needles market over the forecast period. The preference for core needle biopsy and fine-needle aspiration biopsy is high for accessing cells from tumors and other lesions for diagnostic assessment. Moreover, needle biopsy involves less time, trauma, and cost, which increases its adoption, thereby driving growth of the market. Global Special Purpose Needles Market: Opportunities Optimizing needle localization technology is expected to offer lucrative growth opportunities for players in the global special purpose needles market. Integration of algorithm in needle localization technology can reduce operator dependence in ultrasound-guided breast biopsy. Browse Research Reports: https://www.coherentmarketinsights.com/market-insight/special- purpose-needles-market-3425 © Coherent market Insights. All Rights Reserved

3. REPORT DESCRIPTION Global Special Purpose Needles Market: Restraints Increasing drug needle pollution is expected to hinder growth of the market. Hypodermic needles are often left by drug users in parks, playgrounds, and other public places. Needle pollution can increase the risk of HIV and AIDS. Such scenario is expected to shift public preference to needle-free options. Key Takeaways: The Biopsy Needles segment in the global special purpose needles market was valued at US$ 1,184.3 Mn in 2019 and is expected to reach US$ 2,200.1 Mn by 2027 at a CAGR of 8.0% during the forecast period. The growth of the segment is attributed to increasing number of cancer biopsies during the forecasted period. The Blood Collection Needle segment held dominant position in the global special purpose needles market in 2019, accounting for 14.2% share in terms of value, followed by Fine Aspirating Needles and Hypodermic needles, respectively. The Hospital Pharmacies segment held dominant position in the global special purpose needles market in 2019, accounting for 51.0% share in terms of value followed by Retail Pharmacies and Drug stores, respectively. Increasing patient population suffering from acute and chronic diseases is expected to propel the growth of the market during the forecast period. Request a Sample copy of this reports: https://www.coherentmarketinsights.com/insight/request-sample/3425 © Coherent market Insights. All Rights Reserved

4. REPORT DESCRIPTION Market Trends Increasing incidence of cancer, spine-related disorders, and diabetes is leading to high demand for special purpose needles in Asia Pacific. For instance, according to the study, ‘Trends in and Predictions of Colorectal Cancer Incidence and Mortality in China From 1990 to 2025’, published in the journal Frontiers in Oncology in February 2019, in China, the age-standardized incidence rate among males for colorectal cancer increased by 2.76% per year from 1990 to 2016, and the cancer cases increased more than three times compared to 1990. However, low reimbursement rates in the region prevents uptake of advanced products. In Middle East and Africa, lack of regulatory harmonization and standard reporting practices are expected to contribute to sub-optimal reporting of adverse incidents due to special purpose needles, thus deterring future product uptake. Global Special Purpose Needles Market: Competitive Landscape Major players operating in the global special purpose needles market include, Boston Scientific Corporation, Argon Medical Devices, Inc., Becton, Dickinson and Company, Cook Medical, B. Braun Melsungen AG, Medtronic Plc., Novo Nordisk A/S, SERAG-WIESSNER GmbH & Co., Smith’s Medical, Terumo Corporation, Stryker Corporation, and NIPRO Medical Corporation. August 2019: Intalere announced a new agreement with Sharp Fluidics, LLC for its proprietary Operative Armour suture needle management system Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/3425 © Coherent market Insights. All Rights Reserved

5. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES © Coherent market Insights. All Rights Reserved

6. ABOUT CMI SECTOR COVERAGE BIOTECHNOLOGY CLINICAL DIAGNOSTIC HEALTHCARE IT MEDICAL DEVICES MEDICAL IMAGING PHARMACEUTICAL OUR CLIENTS  Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry  Component Providers and System Integrators  Private and Government organization  Distributors, Retailors and Value Added Resellers  Outsourcing Companies  Healthcare IT Solutions Developers  Universities and Business Schools. © Coherent market Insights. All Rights Reserved

7. KEY STATS RESEARCH SOLUTIONS 100+ GLOBAL REPORTS FEASIBILITY STUDIES Insights Published Per Year CUSTOMIZED SOLUTIONS 150+ COUNTRY ANALYSIS Consulting Projects Till Date CONSULT PROJECTS SURVEY RESEARCH 125+ EXCEL FORECAST DATABASE Clients Worldwide Per Year COMPETITIVE ASSESSMENT TECHNOLOGY SNIPPETS 110+ Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

8. THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702 © Coherent market Insights. All Rights Reserved