SPECIAL PURPOSE NEEDLES MARKET ANALYSIS

Special Purpose Needles Market, By Product Type (Fine Aspirating Needles, Biopsy Needles, Hypodermic needles, Pen Needles, Suture Needles, IV catheter Needle, Implantation Needles, Dental Needles, Ophthalmic Needles, Blood Collection Needle, Spinal Anesthesia Needle, Epidural Needle, A.V. Fistula Needle, Cannula Needles), By Application (Sample Collection, Drug Delivery), By Distribution Channel (Hospital Pharmacies, Private Clinics, Retail Pharmacies and Drug Stores, e-Commerce), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2023
Code : CMI3425
Pages :175
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Special Purpose Needles Market- Driver

Increase in the prevalence of gynecologic cancer

In July 2022, according to research by Springer in South Korea, cancers of the vagina, vulva, placenta, and other undefined sites combined for 74,900 cases. Cervical cancer accounted for 487,300 new cases and 269,500 fatalities. Uterine corpus cancer accounted for 233,300 new cases and 61,400 fatalities. More than 80% of cervical cancer cases occurred in developing nations like South African countries, but over 60% of uterine corpus cases occurred in developed nations such as North America. This rising prevalence of gynecologic cancer demands cost-effective and quality healthcare service. Special purpose needles are being used in large numbers for these procedures, as a result, the market is growing.

Growing awareness among healthcare professionals and easy to use mechanisms is also driving the market

Increasing awareness about risk factors associated with the diseases among the general population as well as healthcare professionals is resulting in widespread prevention of these cancer diseases. However, despite the high level of awareness about gynecologic cancer among the population, the lack of proper knowledge and preventive measures was high. Due to easy to implement procedures and handling of these needles, there is a surge in the demand for the special purpose needles market.

Global Special Purpose Needles Market: Restraint

The high costs of pre-filled syringes remain barrier to market growth in the near future

Pre-filled syringes offer several advantages, such as convenience, accuracy in dosage, and reduced risk of contamination. However, the production and manufacturing processes for pre-filled syringes can be costly. These costs are primarily driven by factors such as material expenses, manufacturing technologies, sterilization requirements, quality control measures, and regulatory compliance.