BUTTERFLY NEEDLES MARKET ANALYSIS

Butterfly Needles MarketSize and Trends

The global butterfly needles market size is expected to reach US$ 3.87 Bn by 2030, from US$ 2.16 Bn in 2023, exhibiting a compounded annual growth rate (CAGR) of 8.7% during the forecast period. Butterfly needles are winged steel needles used for drawing blood or intravenous therapy. Rising prevalence of chronic diseases and increasing demand for blood transfusions is expected to drive the market growth of the butterfly needles marker.

Market Trends

• Integration of advanced safety mechanisms in products: Manufacturers are integrating innovative safety features like needle shields, retractable needles, hinged caps, and safety locks in butterfly needle devices to prevent needle stick injuries. Advanced safety butterfly needles are gaining higher traction.

• Development of needle-free injection systems: The growing demand for needle-free injection systems for painless blood drawing and drug delivery is prompting manufacturers to develop advanced needleless injectors. This reduces reliance on conventional needles.

• Focus on improved needle designs and user-friendly features: Key players are launching ergonomically designed butterfly needles which are integrated with user-friendly enhancements like easy grips, 360-degree rotation, and multiple lumens to enhance administration and minimize discomfort.

• Use of plastic and polymer needle materials: The utilization of plastic polymers, polycarbonates, polypropylene, and other advanced materials to manufacture butterfly needle tubing and wings offers durability, flexibility and increased resistance to needle breaks and blockages.