A filter needle is a specialized medical needle designed with an integrated filter to remove particulates, contaminants, or impurities from medications or solutions being drawn into or expelled from a syringe. These needles are commonly used in medical settings to ensure the safety and purity of injectable medicines, particularly when withdrawing medication from ampoules or reconstituting powdered drugs.
Sizing and Forecast
The filter needles market size has grown strongly in recent years. It will grow from $1.46 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growing emphasis on patient safety and infection control, increasing prevalence of chronic diseases, regulatory requirements regarding medication preparation and administration, growth in healthcare infrastructure, and increased healthcare spending globally.
The filter needles market size is expected to see strong growth in the next few years. It will grow to $2.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to growing preference for single-use medical devices to minimize contamination risks, modernization of healthcare facilities, rising aging population, heightened focus on infection control measures, and increasing trend towards home-based healthcare services. Major trends in the forecast period include integration of smart features, emphasis on sustainability in medical device manufacturing, innovation in safety features such as needlestick prevention mechanisms and ergonomic designs, integration of remote monitoring capabilities into filter needle devices, and integration of advanced technologies such as automation and connectivity.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/filter-needles-global-market-report
Segmentation & Regional Insights
The filter needles market covered in this report is segmented –
1) By Type: Membrane Filter Needles, Depth Filter Needles, Other Types
2) By Raw Material: Stainless Steel, Glass, Other Raw Materials
3) By Application: Drug Preparation, Laboratory Procedures, Other Applications
4) By End Use: Hospitals, Clinics, Ambulatory Surgery Centers, Other End Uses
North America was the largest region in the filter needles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the filter needles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15811&type=smp
Major Driver Impacting Market Growth
A rise in surgical processes is expected to propel the growth of the filter needle market going forward. Surgical processes refer to medical procedures performed by surgeons or medical professionals to treat diseases, injuries, or deformities through operative interventions. The increase in surgical procedures is due to advancements in medical technology, expanded access to healthcare services, and the growing prevalence of chronic diseases requiring surgical intervention for treatment. Filter needles are used in surgical procedures to ensure the purity and sterility of medication solutions, protecting patient safety and reducing the risk of contamination or infection during surgeries. For instance, in March 2023, according to the British Association of Aesthetic Plastic Surgeons, a UK-based organization responsible for safety and education in cosmetic surgery, cosmetic surgical procedures performed in 2022 was 31,057 in the UK, marking a 102% increase from the previous year. Therefore, a rise in surgical processes is driving the growth of the filter needle market.
Key Industry Players
Major companies operating in the filter needles market are Cardinal Health, Thermo Fisher Scientific Inc., Novo Nordisk A/S, Asahi Kasei Corporation, Becton, Dickinson And Company, Baxter International Inc., Terumo Corporation, VWR International LLC, Nipro Medical Corporation, Smiths Group, B. Braun Medical Inc., Gerresheimer AG, Hamilton Company, Avanos Medical Inc., Vygon SA, Argon Medical Devices, Filtertek Inc., Apellis Pharmaceuticals Inc., Micronclean Ltd, SOL-MILLENNIUM MEDICAL INC., GBUK Group Ltd, DiaMedical USA, Changzhou SUNTON Medical Technology Co.Ltd, Shanghai Mekon Medical Devices Co. Ltd., Bionic Medizintechnik GmbH
The filter needles market report table of contents includes:
1. Executive Summary
2. Filter Needles Market Characteristics
3. Filter Needles Market Trends And Strategies
4. Filter Needles Market – Macro Economic Scenario
5. Global Filter Needles Market Size and Growth
.
.
.
32. Global Filter Needles Market Competitive Benchmarking
33. Global Filter Needles Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Filter Needles Market
35. Filter Needles Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
