The high flow needle sets global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High Flow Needle Sets Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The high flow needle sets market size has grown strongly in recent years. It will grow from $1.07 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to medical procedure evolution, increasing prevalence of chronic diseases, demographic shifts, healthcare infrastructure development, and regulatory compliance.
The high flow needle sets market size is expected to see strong growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to medical procedure modernization, expanding role in minimally invasive surgery, patient-centric healthcare, technological convergence, and global healthcare accessibility. Major trends in the forecast period include technological advancements, expansion of minimally invasive procedures, shift towards home healthcare, emphasis on infection control, and integration with digital health solutions.
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Scope Of High Flow Needle Sets Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
High Flow Needle Sets Market Overview
Market Drivers –
The rising number of surgical procedures is expected to propel the growth of the high-flow needle set market going forward. Surgical procedures are medical operations involving the manual and instrumental techniques performed by a surgeon to diagnose, treat, or repair tissues or organs, often aimed at improving a patient’s health or bodily function. The rising number of surgical procedures can be attributed to factors such as an aging population, advancements in medical technology, the increasing prevalence of chronic diseases, improved access to healthcare, and the greater availability of minimally invasive surgical techniques. High-flow needle sets are used in surgical procedures to facilitate rapid administration of fluids, medications, or blood products directly into the bloodstream, ensuring efficient and effective patient management during surgery. For instance, in April 2022, according to a report published by the Aesthetic Society, a US-based organization of board-certified plastic surgeons, surgical procedures saw a 54% increase, with an average of 320 surgical procedures performed by plastic surgeons in 2021. Therefore, the rising number of surgical procedures is driving the growth of the high-flow needle set market.
Market Trends –
Major companies operating in the high flow needle sets market are developing portable syringe infusion systems to enhance patient mobility and improve ease of use. Portable syringe infusion systems deliver fluids or medications to patients in a controlled manner, over an extended period. For instance, in October 2021, Koru Medical Systems, a US-based medical device manufacturing company received premarket notification for FreedomEdge Syringe Infusion System, a portable syringe infusion system, designed for subcutaneous administration, accommodating 20 ml or 30 ml syringes. The system is designed to provide precise and controlled dosing, offering flexibility in dosing schedules while ensuring safe and effective administration of medications .
The high flow needle sets market covered in this report is segmented –
1) By Product Type: 26 Gauge High Flow Needle Sets, 24 Gauge High Flow Needle Sets
2) By Volume Or Capacity: High Flow Needle Sets Less-than (<) 10ml, High Flow Needle Sets between 10-100ml, High Flow Needle Sets Greater-than (>) 100ml
3) By Material: Stainless Steel High Flow Needle Sets, Polycarbonate High Flow Needle Sets
4) By End Use: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Users
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Regional Insights –
North America was the largest region in the high flow needle sets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high flow needle sets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the high flow needle sets market are Cardinal Health Inc., Thermo Fisher Scientific Inc., Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company, Baxter International Inc., Medline Industries Inc., Terumo Corporation, Nipro Corporation, Smiths Group plc., Teleflex Incorporated, B. Braun Medical Inc., ICU Medical Inc., Concordance Healthcare Solutions, Retractable Technologies Inc., Recorders & Medicare Systems P Ltd., Right Way Medical., KORU Medical Systems, TradeMed, Alpha Medicare & Devices Pvt. Ltd, AmDel, George Philips Medical Engineering Pvt. Ltd, Mediwide Sdn Bhd, Norfolk Medical, RMS Medical Products, Wolf-Pak
Table of Contents
1. Executive Summary
2. High Flow Needle Sets Market Report Structure
3. High Flow Needle Sets Market Trends And Strategies
4. High Flow Needle Sets Market – Macro Economic Scenario
5. Global High Flow Needle Sets Market Size and Growth
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32. Global High Flow Needle Sets Market Competitive Benchmarking
33. Global High Flow Needle Sets Market Competitive Dashboard
34. Key Mergers And Acquisitions In The High Flow Needle Sets Market
35. High Flow Needle Sets Market Future Outlook and Potential Analysis
36. Appendix
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