Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 1.56 billion

CAGR (2024-2029)

7.20%

Fastest Growing Segment

Stainless Steel

Largest Market

Asia Pacifc

 

Market Overview

Global Filter Needles Market was valued at USD 1.56 billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.20% through 2029. In the realm of business, the market is being propelled by several significant factors, which include the growing incidence of road accidents, the rising prevalence of diabetes, an expanding elderly population, and various surgical procedures. Additionally, the market is anticipated to receive further impetus from the escalating occurrence of accidents like burns, road accidents, and traumatic events on a global scale. As an illustration, data from the World Health Organization (WHO) in March 2018 revealed that roughly 180,000 fatalities are recorded worldwide each year due to burn-related incidents. Similarly, the same source indicates that India witnesses approximately 1 million individuals experiencing severe or moderate burns annually.

Key Market Drivers

Rising Demand for Sterile Healthcare Procedures

In the ever-evolving landscape of the global healthcare industry, one niche market has been quietly but steadily gaining ground: the Global Filter Needles Market. This growth can be largely attributed to the increasing emphasis on maintaining sterility in healthcare procedures.

Sterility is the bedrock of healthcare. It ensures patient safety, prevents infections, and minimizes the risk of complications. Sterile healthcare procedures are essential for various medical activities, such as drug preparation, intravenous administrations, vaccinations, and surgical interventions. Achieving and maintaining sterility is particularly crucial when it comes to injections and the handling of sensitive biological substances.

The pharmaceutical and biotechnology industries are experiencing remarkable growth, with the development of advanced drugs and biologics. These cutting-edge medicines are often administered through injections, and maintaining the purity and sterility of these drugs is paramount. Filter needles play a pivotal role in ensuring that medications remain uncontaminated, contributing significantly to the growth of this market.

The global rise in chronic diseases, such as diabetes, has heightened the need for regular injections and medication administration. Patients with these conditions require sterile drug preparations to prevent infections and complications. Filter needles are instrumental in this process, ensuring that each injection is free from contaminants. As the prevalence of chronic diseases continues to grow, so does the demand for sterile procedures and, consequently, filter needles.

An aging global population presents new challenges and opportunities in healthcare. Elderly individuals often require complex medical treatments and medications, which must be administered under sterile conditions. As the world's elderly population continues to expand, so does the need for sterile healthcare procedures, propelling the market for filter needles.

Surgical procedures have become more numerous and intricate due to advances in medical science and technology. Whether in a hospital setting or outpatient facility, maintaining sterility during surgical preparations and injections is non-negotiable. Filter needles are essential in this regard, ensuring the safety and health of both patients and medical practitioners. The growing number of surgeries performed globally directly contributes to the rising demand for filter needles.

Global health organizations and regulatory bodies have been unambiguous in their emphasis on patient safety. Guidelines and standards have been established to ensure that sterile procedures are adhered to in all healthcare settings. The use of filter needles is frequently recommended or mandated to minimize the risk of contamination. Compliance with these regulations is further bolstering the growth of the filter needles market.

The Silent Pandemic: Chronic Diseases

In recent years, the world has been battling a silent pandemic, one that's often overshadowed by more visible health crises. We're talking about the alarming increase in chronic diseases. While these conditions might not always make headlines, they're making a substantial impact on the healthcare industry, particularly in driving the growth of the Global Filter Needles Market.

The prevalence of chronic diseases means a higher number of patients who need regular medication administration, often through injections. To ensure these medications remain pure and uncontaminated, the use of filter needles is crucial. The growth of chronic diseases directly correlates with the increased requirement for sterile injections, thus driving the demand for filter needles.

Many chronic disease sufferers have compromised immune systems, making them more vulnerable to infections and complications. Filter needles play a crucial role in protecting these patients by maintaining a sterile environment during medical procedures. As the population of individuals with chronic diseases grows, the need for these protective measures increases, further boosting the market for filter needles.

In the pursuit of more effective treatments for chronic diseases, the pharmaceutical industry has seen the development of biologics and advanced therapies. These medications, often administered via injections, necessitate the highest level of sterility. Filter needles become indispensable in ensuring the integrity of these cutting-edge treatments, which are increasingly being adopted to manage chronic conditions.

Chronic diseases not only take a toll on public health but also have a substantial economic impact. The costs associated with treating chronic diseases are enormous, including hospitalization, medications, and complications. To mitigate these costs and ensure efficient healthcare delivery, maintaining sterility in medical procedures is critical. Filter needles assist in achieving these cost-effective and efficient outcomes, making them an essential part of managing chronic diseases.

Global health organizations and regulatory authorities recognize the significance of maintaining sterility in healthcare procedures, particularly for chronic disease management. Many guidelines and standards now recommend or mandate the use of filter needles to reduce the risk of contamination. Compliance with these regulations is propelling the growth of the filter needles market.

Expanding Surgical Procedures

In the ever-advancing landscape of healthcare, the Global Filter Needles Market is experiencing a surge in demand, with one of the major drivers being the significant increase in surgical procedures.

Advancements in medical technology have revolutionized the field of surgery. Minimally invasive techniques and robotic-assisted surgeries have become the new standard. These advanced procedures often involve intricate operations within the human body. To reduce the risk of post-operative infections and complications, maintaining a sterile environment is non-negotiable. Filter needles are indispensable in ensuring that medications and substances administered during surgery remain uncontaminated.

An increasing number of surgeries are now being performed in outpatient settings. While this trend offers several advantages, it also requires stringent measures to maintain sterility outside the controlled environment of a hospital. Filter needles are critical for ensuring that these surgeries proceed without a hitch, preventing infections and other complications that could lead to readmission.

Patients are increasingly opting for elective surgeries, such as cosmetic procedures and joint replacements. These surgeries, though not emergencies, require the same level of sterility as life-saving procedures. The use of filter needles becomes essential in these situations to safeguard patient safety and health.

Many surgeries involve the administration of drugs and anesthetics, which need to be prepared in a sterile manner. Filter needles are instrumental in ensuring the sterility of these medications, thus preventing contamination and complications during surgery.

Another significant challenge in modern surgery is the prevention of post-operative infections. These infections can lead to extended hospital stays, increased healthcare costs, and, in severe cases, fatalities. By using filter needles to maintain sterility during drug preparation and administration, healthcare providers are taking proactive steps to reduce post-operative infection rates.

Surge in Trauma and Accident Cases

In the world of healthcare, trauma and accident cases are some of the most unpredictable and challenging scenarios. While these incidents often result in immediate, life-saving interventions, they also come with the risk of contamination and infection. It is in this high-stakes environment that the Global Filter Needles Market finds a vital role.

Trauma and accident cases require immediate medical response. Whether it's a burn victim, a road accident survivor, or someone injured in a workplace incident, rapid medical care is critical. During these situations, healthcare providers must administer medications and treatments quickly. Filter needles come to the forefront in ensuring that these treatments are administered in a sterile manner, reducing the risk of complications.

Trauma and accident cases often involve open wounds, fractures, and severe injuries that can expose the patient to a higher risk of contamination. To prevent infections and complications, maintaining sterility in these cases is paramount. Filter needles play an instrumental role in this process, creating a barrier that helps safeguard patients and healthcare providers alike.

In the hospital environment, trauma and accident patients are at a heightened risk of acquiring infections. Hospital-acquired infections can lead to prolonged hospital stays, increased healthcare costs, and more severe health outcomes. Filter needles, by ensuring the sterility of medical procedures and drug preparations, actively contribute to the reduction of hospital-acquired infections in trauma and accident cases.

In the unfortunate event of mass casualty incidents, such as natural disasters or large-scale accidents, healthcare providers must be prepared to handle a high volume of trauma cases simultaneously. In these challenging circumstances, filter needles become a frontline tool in maintaining sterility and preventing infections amidst the chaos.


Download Free Sample Report

Key Market Challenges

Market Competition

The filter needles market has seen a rise in competition, with multiple manufacturers producing various types and designs of filter needles. This competition can drive innovation but also poses challenges for both established and new market entrants in terms of differentiation, pricing, and market share.

Sustainability and Environmental Concerns

In today's environmentally conscious world, there is a growing concern regarding the impact of healthcare products on the environment. The use of disposable filter needles contributes to medical waste, and addressing the sustainability of these products presents a challenge for manufacturers and healthcare facilities.

Supply Chain Disruptions

The global supply chain has faced disruptions in recent years, with the COVID-19 pandemic highlighting vulnerabilities. Ensuring a consistent and reliable supply of filter needles, which are critical for patient care, is an ongoing challenge, especially in the face of unforeseen events that can disrupt supply chains.

Key Market Trends

Expansion of Biologics and Advanced Therapies

The pharmaceutical industry is witnessing a shift towards the development of biologics and advanced therapies, such as gene and cell therapies. These cutting-edge treatments require the highest standards of sterility, driving the demand for filter needles. As the use of biologics expands, filter needles tailored to their specific requirements are expected to gain prominence.

Minimizing Environmental Impact

Environmental sustainability is a growing concern in healthcare. The industry is exploring eco-friendly alternatives and more sustainable practices, even in disposable medical products like filter needles. We can expect to see innovations in biodegradable or recyclable materials and reduced packaging waste to address environmental concerns.

Technological Integration

Advancements in medical technology are leading to the integration of smart features into healthcare products. Smart filter needles, equipped with sensors or connectivity, can enhance patient safety, track usage, and reduce errors. As technology continues to advance, we can anticipate the integration of smart features in filter needles.

Segmental Insights

Raw Material Insights

Based on the category of Raw Material, the stainless-steel sector reigned supreme in 2023, securing the largest share of revenue. It is poised to exhibit the most rapid CAGR throughout the projected period. This is primarily due to the substantial presence of key industry players offering stainless steel, renowned for its corrosion-resistant properties, rendering it a suitable material for filter needles. Additionally, stainless steel holds a cost advantage, making it a more budget-friendly option. Furthermore, the increasing prevalence of chronic wounds worldwide is expected to further propel growth within this sector. Notable companies in this domain include BD, Cardinal Health, and B. Braun SE.

Conversely, the glass segment is predicted to experience a noteworthy CAGR in the foreseeable future. Various advantages associated with glass needles, such as minimal volume discrepancies, suitability for high-precision tasks, and cost-effectiveness, are poised to stimulate market demand. These benefits position glass needles as ideal for applications in fields like medical technology. Nevertheless, it's worth noting that there are certain drawbacks to using a glass needle system, including potential surface reactivity and susceptibility to breakage.

End Use Insights

Based on End Use, the hospital and clinics sector emerged as the leader in revenue generation for the year 2023. This was primarily driven by the increasing rate of hospitalizations observed in countries worldwide. For instance, a report released by the Canadian Institute of Health Information (CIHI) in February 2023 highlighted a notable trend. In the initial year of the pandemic (2020-2021), Canada recorded approximately 2.7 million acute inpatient hospitalizations, a number that subsequently rose to around 2.9 million in the following year (2021-2022).

On the other hand, the ambulatory surgery centers segment is poised to experience the most rapid CAGR in the projected period. Ambulatory surgery centers, also referred to as outpatient surgery centers, are typically preferred by patients undergoing fewer complex procedures with shorter recovery times. Presently, there is a growing global demand for minimally invasive procedures due to their numerous advantages, such as reduced scarring, minimal tissue damage, high precision, and shorter hospital stays. This trend is expected to boost the need for surgical care and diagnostics provided by ambulatory surgical centers.


Download Free Sample Report

Regional Insights

  • North America took the lead in 2022 by securing the largest share of revenue. This was attributed to several factors, including favorable reimbursement policies, well-developed healthcare infrastructure, increasing health consciousness among the populace, and the presence of numerous key industry players. Additionally, regulatory bodies such as the Food and Drug Administration (FDA) in this region play a pivotal role by enacting laws pertaining to medical device reimbursement. For example, in May 2021, the FDA recommended the cessation of certain needles and syringes manufactured by Guangdong Haiou Medical Apparatus CO., LTD (HAIOU) until their evaluation was completed.
  • Conversely, the Asia Pacific region is poised to experience the swiftest CAGR in the projected period. This projection is underpinned by several factors, including the presence of numerous local players in the region, an upsurge in healthcare expenditure, and the substantial populations of countries such as India and China. Furthermore, middle and low-income countries within the region are witnessing a rise in accidents, such as burns and road accidents, which is expected to fuel market growth. For instance, as per the Ministry of Road Transport and Highways of the Government of India (GOI), in the year 2021, a total of 4,12,432 road accidents were reported, resulting in 1,53,972 fatalities and injuries to 3,84,448 individuals in the country.

Recent Developments

  • In July 2022, Sharps Technology Inc., a forward-thinking medical device company, successfully completed the acquisition of Safeguard Medical's syringe manufacturing facility. This strategic move is anticipated to shift the company's focus from research and development (R&D) to revenue-generating commercial operations.
  • Likewise, in January 2022, ICU Medical Inc. acquired Smiths Medical, a business specializing in syringes, ambulatory infusion devices, and vital care products, from Smiths Group plc. This acquisition is poised to boost the company's competitiveness and broaden its range of products.

Key Market Players

  • Cardinal Health Inc
  • Myco Medical Supplies Inc
  • Stryker Corp
  • B Braun SE
  • Sol-Millennium Medical Inc.
  • Terumo Corp
  • ICU Medical Inc

 By Raw Material

By End Use

By Region

  • Stainless Steel
  • Glass
  • Others
  • Hospitals & Clinics
  • Ambulatory Surgery Centers
  • Others
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Filter Needles Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Filter Needles Market, By Raw Material:

o   Stainless Steel

o   Glass

o   Others

  • Filter Needles Market, By End Use:

o   Hospitals & Clinics

o   Ambulatory Surgery Centers

o   Others

  • Filter Needles Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   Asia-Pacific

§  China

§  Japan

§  India

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Filter Needles Market.

Available Customizations:

Global Filter Needles market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Filter Needles Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Filter Needles Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Raw Material (Stainless Steel, Glass, Others)

5.2.2.     By End Use (Hospitals & Clinics, Ambulatory Surgery Centers, Others)

5.2.3.     By Region

5.2.4.     By Company (2023)

5.3.  Product Market Map

5.3.1.     By Raw Material

5.3.2.     By End Use

5.3.3.     By Region

6.    North America Filter Needles Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Raw Material (Stainless Steel, Glass, Others)

6.2.2.     By End Use (Hospitals & Clinics, Ambulatory Surgery Centers, Others)

6.2.3.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Filter Needles Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Raw Material

6.3.1.2.2.             By End Use

6.3.2.     Canada Filter Needles Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Raw Material

6.3.2.2.2.             By End Use

6.3.3.     Mexico Filter Needles Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Raw Material

6.3.3.2.2.             By End Use

7.    Europe Filter Needles Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Raw Material (Stainless Steel, Glass, Others)

7.2.2.     By End Use (Hospitals & Clinics, Ambulatory Surgery Centers, Others)

7.2.3.     By Country

7.3.  Europe: Country Analysis

7.3.1.     Germany Filter Needles Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Raw Material

7.3.1.2.2.             By End Use

7.3.2.     United Kingdom Filter Needles Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Raw Material

7.3.2.2.2.             By End Use

7.3.3.     France Filter Needles Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Raw Material

7.3.3.2.2.             By End Use

7.3.4.     Italy Filter Needles Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Raw Material

7.3.4.2.2.             By End Use

7.3.5.     Spain Filter Needles Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Raw Material

7.3.5.2.2.             By End Use

8.    Asia-Pacific Filter Needles Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Raw Material (Stainless Steel, Glass, Others)

8.2.2.     By End Use (Hospitals & Clinics, Ambulatory Surgery Centers, Others)

8.2.3.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Filter Needles Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Raw Material

8.3.1.2.2.             By End Use

8.3.2.     Japan Filter Needles Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Raw Material

8.3.2.2.2.             By End Use

8.3.3.     India Filter Needles Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Raw Material

8.3.3.2.2.             By End Use

8.3.4.     Australia Filter Needles Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Raw Material

8.3.4.2.2.             By End Use

8.3.5.     South Korea Filter Needles Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Raw Material

8.3.5.2.2.             By End Use

9.    South America Filter Needles Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Raw Material (Stainless Steel, Glass, Others)

9.2.2.     By End Use (Hospitals & Clinics, Ambulatory Surgery Centers, Others)

9.2.3.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Filter Needles Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Raw Material

9.3.1.2.2.             By End Use

9.3.2.     Argentina Filter Needles Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Raw Material

9.3.2.2.2.             By End Use

9.3.3.     Colombia Filter Needles Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Raw Material

9.3.3.2.2.             By End Use